Everything You Need To Know About Various Traditional Office Space Options in Delhi

All About Traditional Office Spaces in Delhi

Delhi is one of the most desirable business locations in the world. There are now thousands of head offices and regionals offices based in the city, with small enterprises and multinationals alike setting up their HQs. If you are looking to get a sense of what kind of various office space options are available for anyone looking for a conventional medium to long term lease in Delhi and NCR area, this will give you a good head start. Read about various kinds of spaces, overview of what you can expect to pay, popular locations for various industry types etc….

A brief Background

With an ever exploding population and already starved of open land mass, it’s not surprising that Delhi almost always makes it to the top 10 markets in the entire world when it comes to office space rentals. The booming start up culture and space guzzling IT giants are only making things difficult for people looking out for quality commercial office space in Delhi. However, the high rental story is only true for grade A commercial real estate, that too in and around Connaught Place CBD area and a couple of other pockets with extremely high class infrastructure and amenities. The rest of Delhi office space market is still fairly competitive and there is lot of opportunity for businesses to grow and flourish.

Most of what we see as commercial Office Space in Delhi has been developed by the Delhi development authority (DDA) before 1985 and by and large most structures now seem a bit obsolete, however, things changed after early 90’s economic reforms and a large part of commercial developments thereafter have been developed in collaboration with builders by DDA or solely done by a private builders in Delhi. All properties by DDA are lease hold status, however, the option of getting your property to a free hold status is now open for many locations across Delhi. Businesses usually prefer leasing an office space in Delhi over buying because most properties being lease hold status with high capital values and also a disparity between circle and market value of properties.

Office Space in Local Shopping Complexes set up by DDA:

Local Shopping Complexes “LSCs” are small commercial hubs created by DDA soon after the formation in early 1960’s, typically built up on a land parcel between 1 acre and 5 Acres, to cater to daily needs of local residents of a community. LSC’s offer lockable shops and office spaces for small and medium business enterprises ranging between 100 sq ft to 2000 sq ft. Office spaces in these old old LSC buildings are highly efficient space wise, almost almost 90%. However on the flip side, this is done at the cost of amenities like huge lifts and other circulation areas. Maintenance is paid to the local civic body or the private agency/developer and is usually very cheap (usually between Rs 2-7/sq ft). Currently there are a total of around 150 different local shopping complexes set up across the city of Delhi. Some of the known and highly priced LSC’s that are giving good returns to investors include Vasant Kunj C & D block, GK 2 Masji Moth complex, Aurobindo Place, Ashok Vihar, Malcha Market, Defence Colony, Gulmohar Park, Sundar Nagar. Depending on location, the prices for commercial office space and retail spaces in LSC’s could vary between 10000/sq ft to around 80,000/sq ft. Rentals for office spaces vary between Rs 30/sq ft to 400/sq ft depending on location. Buildings in LSC’s are typically ground + 3/4 storied structures, most buildings don’t offer any lifts/elevators, central air conditioning, power backup. Power back up could be available in some cases depending on how well the building is maintained. These LSC’s work great for businesses that are looking for office space in a legal commercial buildings with basic infrastructure including I.T, telephony and utilities at reasonable cost and where they can carry out their business without getting worried about any problem from civic authorities/registration authorities etc. Typical office space occupiers are, boutique retailers, SMEs, Consultancies, courier services, travel agents, Chartered Accountants and Advocates.

(LSC in the posh Sundar Nagar area in Lutyens Delhi)

Office Space in Shopping/Community Centers set up by DDA:

Community centers are little bigger than LSC and offer scope for a bigger range of economic activities for residents and investors. Built on around 10-20 Acres, apart for retail and office spaces, these shopping centers typically also offer space for small landscaped garden, plot for cinema, kiosks for retailers etc. Community centers offer lockable retail shops and offices spaces for small and medium business enterprises ranging between 100 sq ft to 4000 sq ft contiguous space. Maintenance is paid to the local civic body or a private agency and is usually very cheap (usually between Rs 2-7/sq ft). Currently there are a total of around 40 different local shopping complexes set up across the city of Delhi. Some of the known and highly priced shopping centers that are giving good returns to investors include Vasant Vihar, Saket Anupam complex, Green Park uphaar cinema market, Mangalam Place M2K cinema in Rohini. Depending on location the prices for commercial office space and retail spaces in shopping centers start from as low as 10000/sq ft to around 50000/sq ft. Rentals for office space in a community center hover between Rs 30/sq ft to 150/sq ft from location to location. Efficiency of an office space in a DDA community center is around 85-90%. Again, most office space buildings in shopping centers offer 80-90% efficiency but are lacking facilities like elevators/power back up and central air conditioning. Usually an open parking lot run by the local civic body is available for office occupiers at fairly competitive rates.

Office Space in District Centers set up by DDA:

Setting up of district centers in early 70\’s was the one of the first big leaps taken by DDA in order to provide quality commercial office space to corporate and retail investors in Delhi who wanted to relatively bigger spaces (for that time) with amenities like high speed elevators, central air conditioning (only a few buildings offer this though) power back up, covered parking etc. District centers offered Delhi businesses with a true destination with an international vibe, that had modern high rise buildings with relatively bigger floor plates and high speed elevators for mobility, retail plazas and courts, sprawling 5 star hotels, water bodies etc. Commercial district centers are usually set up on land parcels in access of 35 Acres and can be as big as 60 Acres in expanse. There are currently 12 District centers, including the central business district of Connaught place, set up in all different zones in Delhi. Some of the most notable district centers that are providing descent rental yields to property owners are are Bhikaji Cama place, Saket, Nehru Place, Rajendra Place, Janakpuri etc.Â Depending on location the prices for commercial office space and retail spaces in shopping centers start from as low as 10000/sq ft to around 40000/sq ft. Office space rentals in district centers are between Rs 40/sq ft to 250/sq ft. Big office space occupiers in these are banks, government offices, PSU\’s other than corporate. District centers are mostly occupied by large govt PSU\’s, corporate houses in automobile, oil and gas, telecom, energy, life style, logistics, pharma etc.

Office Space on High street locations in Delhi:

Other than specially earmarked LSC/district centers/CBD, there are many road stretches across Delhi which have been notified as commercial streets with a typical FAR of 2.25% and a certain height restriction on built up. These commercially notified buildings usually offer amenities like central air conditioning, power back (not in all cases) high speed elevators and limited parking space on the porch in front. Most of these corridors are along wide roads and metro connected areas. Some of the popular high streets for office space in Delhi include, the Ring road, Bhishma Pitamah road, Dron Marg, Vikas marg, Pusa road.Â Depending on location the prices for commercial office space and retail spaces in shopping centers start from as low as 15000/sq ft to around 50000/sq ft. Â Rentals of such locations are heavily swayed by factors like the frontage of the building (branding opportunity), niche, traffic and parking facilities. Usually parking is bit of challenge in such locations, however work great for businesses that need to show a strong brand presence and want to give easy access to its customers. Rents to could vary from 70/sq ft to 200/sq ft. Premise maintenance for a well maintained building is around Rs 10-15/sq ft. Other than the commercially notified streets, office spaces are also available on other roads, however with some restriction to certain business types. Most occupants are businesses that demand good visibility like banking, insurance, education, high end retail etc.

Office Space in Modern district centers and Independent Buildings:

There are sporadic commercial centers and independent commercial office space buildings throughout Delhi which more or less have the same area an layout as a district center however, constructed/developed by private developers and offer great flexibility in terms of amenities and large contiguous floor plates to accommodate bigger space needs. District centers of Jasola, Saket, Netaji Subhash place, Aerocity are some of the few of the commercial centers that have emerged lately. These buildings typically have high floor to ceiling height, large windows panes and a cool industrial feel to them. Some of the notable independent commercial office space buildings in Delhi area are Capital court, Capital point, DLF towers in Sansad Marg and Moti Nagar, Konnectus, The Parsvnath 27, HT house, Ambiance Tower, Redfort Capital, Videocon Tower Vasant Square, Erose Corporate tower, IFCI tower, Worldmark, Bharti Crescent, NBCC towers in Kidwai Nagar etc. All such premises offer central air conditioning, 24 hour power back up up, covered parking, state of art fire fighting set up, surveillance cameras, wi fi connectivity, high speed elevators and escalators for swift mobility, 24 hour manned security etc. Depending on the location, prices for commercial office space and retail spaces in modern commercial buildings start from as low as 10000/sq ft to around 100000/sq ft. Rentals hover between Rs 50/sq ft to 1000/sq ft from location to location. Space efficiency in such buildings could be as low as 50% in few cases however a broad average is around 65%. Maintenance charge is typically pegged around 20-25/sq ft for most buildings. This includes common area cleaning, chiller cost and maintenance, security and surveillance, power back up. Parking charges are between Rs 1500 – 7000/car/month depending on location to location. Typical clientele/tenant profile in modern buildings in Delhi is Banking/Financial institutions, profitable PSU\’s, Oil and metal exploration, defense, large corporate houses in Banking/Financial institutions, profitable PSU\’s, Oil and metal exploration, defense, big consulting firms that are looking for large floor plates to consolidate their operations as well as need an international work environment.

Office Space in institutional area of Delhi:

There are many institutional zones across Delhi which are proposed in Delhi master plan for government institutions, private socio cultural institutes and these institutions can sublet certain part of their total FSI depending on direction from the custodian of the land (DDA OR L&DO). An institutional area can be as small as around 100 Acres to as big as about 500 Acres having plots sizes ranging from 250 sq yd to as big as 5 Acres with 2.25% FSI. At the moment such institutions can let 25% of their built up space to certain business types (NGO\’s, UN bodies, financial institutions, PSU\’s). The landlord usually prefers a tenant from similar work field as the institution itself. Check out the latest DDA notification for specific details.

Some of the institutional locations like Chanakyapuri and Qutab Institutional area in Delhi are highly sought after due to lush green and well maintained surroundings, light traffic, excellent work environment and limited availability of office space. Most buildings in institutional areas are fairly well maintained, have provision for limited parking within the premise as well as around the building periphery. Some of the popular institutional locations for office space in Delhi include Vasant Kunj, Khel Gaon, Chanakyapuri, Janakpuri, Qutab Institutional area, Pusa institutional area, Tugalakabad, Lodhi area, Rohini etc. Rentals range between 50/sq ft to 350/sq ft for institutional spaces. One should always check if the landlord has necessary approvals in place from land custodian in order to sub let the offered premise.

Industrial Office Spaces in Delhi.

In a country where the built quality of a car has always taken a back seat in comparison to its mileage. To expect people to not look for a pocket friendly office space option in Delhi would be unfair. The opportunity came in the form of sanctions put by the government of Delhi on the industries of polluting nature which created a lot of vacancy in these areas, this development coupled with governments support in setting up industries providing employment to skilled labour i.e IT and service industry, was lapped up by many non polluting manpower focused industries which led to the transformation of most of erstwhile industrial areas into major office space hubs .Okhla- Phase I-II-III, Mohan Cooperative Area, Patpatganj, Naraina, Kirti Nagar, Azadpur, Wazirpur, Udyog Nagar etc are a few to name.

Looking to benefit out of the IT hubs in neighbouring cities of Gurgaon and Noida, it is while the government of Delhi was trying to woo some IT MNC’s that it understood the importance and requirement of A grade office space inventory in Delhi, which led to a lenient policy towards conversion of industrial plots into commercial use properties. As a result of it, in the past couple of years we have seen some exceptional developments cropping up inside these areas.The Okhla area has been the front runner in the process with multiple buildings like Max Tower , AIPL Legacy Tower, Morphogenesus Tower etc which are not simply glass facade buildings equipped with all modern facilities but also qualify under international green building norms , giving a premium working atmosphere . Kirti Nagar industrial area has also seen a lot of such conversions in the buildings alongside Shivaji Marg where multiple office space options in glass facade buildings offering bigger floor plates and underground parking are available,although most of these would be considered sub standard in comparison to a Grade A office building and none qualify under green building norms, but these are definitely much better in comparison to the other older structures in the vicinity. A lot of new projects are under development in Naraina , Wazirpur and other industrial areas too.

Where these new buildings are charging at par with most of the A Grade developments in Delhi i.e in the range of Rs 100-125/sq ft , the older buildings are still available in the bracket of Rs 40-80/sq ft depending upon the location and built quality of the building.

Bigger IT/ITES and SEZ Office Space options in Delhi

Delhi state itself offers very little when it comes to bigger office spaces which are ideal for multinational companies and large scale IT and IT enabled services industry. Largely because the policy makers and governments did not take the initiative for it at the right time, although lately they have been more than keen regarding the same. For many top international firms like GE, Microsoft, IBM, Pepsi, etc, Delhi was an ideal destination since it was already a thriving city, being the capital of the country, when the Indian economy opened its doors to foreign companies after the 1991 reforms. All these companies wanted Delhi to develop IT parks and other office space hubs which would provide a workplace of international standard but most of them did not get a very favourable response. So the second best alternative for them was a location closer to Delhi . They approached Haryana Govt which was quick to capitalise on this opportunity and together with developer DLF they created Gurgaon which is today also referred as the millennium city. And soon after, the other satellite town Noida also started seeing growth.

Most notable area for bigger IT/ITES services in Delhi national capital region is DLF Cybercity which was one of the very first office hubs developed by DLF. It spans in over 100 Acres of land and offers around 40 million sq ft of grade A office space in Gurgaon . Many other SEZ’s and IT parks like DLF Cybercity have emerged later around various micro markets are Golf Course Road, Golf Course Extension Road, Sohna road, Udyog Vihar ,Manesar and all the area alongside the NH-48 and MG Road. Most notable buildings are Tata Intellion SEZ, Ireo SEZ, SAS SEZ , Candor Tech Space SEZ in Sector 21 and Sector 48, GTV SEZ on Sohna Road, DLF World Tech Park SEZ in Sector 30, BPTP Park Centra, Unitech Cyber Park, Spaze IT Park, Emaar Digital Greens, M3M BUsiness Park and AIPL Business Club etc.

Notable areas in Noida for IT park and SEZ’s are sector 62, sector 135, Greater Noida.

Office Space in Coworking/Business Centers in Delhi:

Apart from conventional office spaces where most overheads like office set up cost, maintenance of premise, utilities etc are on tenants head, there are many plug n play set ups available through out Delhi which offer businesses with an office space/desk with fully functioning infrastructure including I.T. and telephone services, utilities etc. The business owner/tenant pays a lump sum monthly rent which includes maintenance of the premise too. They just need to walk in and start working. All heads, utilities, internet, telephony, photocopying, meeting rooms etc are charged extra as per usage or a lump sum pre agreed rental for each one of the items.

These kind of set ups work best for large companies to open up representative/liaison offices for a few months or a couple of years with minimum initial investment so that they can test waters in at a new location before expanding and moving in to a permanent office space. Most of the known business centers of repute are located at big commercial districts in a modern buildings barring a few exceptions. Business centers are an ideal arrangement for such flexi need clients as the tenant gets an office space in modern professionally managed facility with all kind of amenities.

Regus, Avanta and Vatika are a few big names that provide business center facilities with overall good presence across Delhi and NCR region. In our personal opinion, business centers can be a solution for someone’s office space needs however, they are not necessarily the best and cheapest though. These centers are certainly not the best option for entrepreneurs/new set ups who are low on budget unless of course if they are in a line of business where they need to “impress” their clients with a big office environment, a welcoming reception desk, high quality furniture, big conference and lounge areas etc. The arrangement may seem like a good bargain on the face of it, however one needs to tread very cautiously and see the fine print along the whole deal.

Co Working office space / Incubation centers in Delhi:

Co working as the name suggests is all about working in a collaborative environment. The phenomenon which started in the silicon valley in early 2000’s, has disrupted commercial office space markets around the world, Delhi and NCR areas no exception to this. Over the past year alone, over 20 new co working hubs have been established across Delhi and NCR limits taking the total number to well over 100. The concept is quite similar to \”business centers\” which offer plug n play offices to tenants however what makes a \”good\” co working office space worthwhile is its collaborative work culture so to speak, where each individual including the landlord/stakeholders are is helping each other out like they say in IT world “open source”.

These centers are usually open plan office spaces with work stations/desks, sofas, lounges all around with minimum obstruction. One can hire a desk/work station or a cabin depending on their need and pay a fixed monthly rent which includes electricity. Other services like internet, tea/coffee, photocopy, telephone are usually over an above the rental/month as per usage. Again, they a very similar kind of revenue stream as “business centers” however, co working hubs like business centers are not necessarily located in some of the most swankiest buildings in town, there fore are able to offer reasonably priced plans that work well for budding entrepreneurs.

Only caution we would advise, set ups like these may not be your thing if you like more reserved work environment. Find out if the place is running out of a legal commercial location. Also, all co working spaces may not have an organic collaborative work culture, so do your research well. Some of the good ones who have garnered a lot of good press and along with some good word of mouth buzz going for them. For more details check out the link about “everything you need to know about co working spaces in Delhi NCR“.

What is a traditional/conventional office lease?

The ‘lease’ is essentially a contract/legally binding agreement between the business (the tenant) and the individual/organization that owns the building (the landlord). The contract basically outlines the terms and conditions upon which a tenant (business taking the premise on lease) is permitted to occupy the property. The terms and conditions of the agreement are binding on both landlord and tenant. Traditional/conventional leases tend to be for longer period, usually for 3 years and more. Most popular conventional lease type is a 9 year lease (3+3+3) with a 3 year lock in and 12-15% escalation after every 3 years. All conventional leases are duly registered at the local registrars office by paying a stamp duty of 2 -3% depending on the lease term. Usual practice is sharing of the stamp duty amount by both tenant and landlord

Who is it for?

This is the more traditional approaching to occupying an office space. Since a traditional lease usually applicable for any duration more than 11 months (legally binding to register at local authority if contract is more than 11 months) it works best for well-established businesses or any business for that matter who is looking to put down roots in a specific location for a longer period of time (usually 3 years or more) and also don’t expect to grow or shrink dramatically. Apart from stability other compelling clientele for a traditional lease would be any business seeking absolute privacy and complete control over how their office should look and feel so that they can give their customers a certain kind of experience.

Types of Spaces offered in traditional lease:

When you rent/lease an office space, it usually comes as “bare shell” (just bare bone structure with no flooring or ceiling work done up and has AHU unit installed) or a as a “warm shell” (which has flooring, ceiling work done, along with air conditioning and other electrical fitting work done up) refurbished, with, air con and lighting. Lastly, there is the “fully furnished” option where the tenant is provided with a plug n play office with all the specific needs of the tenant suiting their company bespoke style and working environment. This generally means the landlord provides with a functional IT infrastructure, meeting rooms, furniture, kitchens, washrooms, and all the equipment.

Benefits of a traditional office lease over a short terms lease/co working model.

Overall Cost:

Co working/serviced offices are more often than not costlier on a per sq ft basis for a given location and building type, especially in the long term, when compared with traditional lease. Although serviced offices offer the clear advantage of flexibility and start-ups or smaller companies may be prepared to pay a higher cost in order to have the flexibility; but for more established companies who perhaps may not feel the need for flexibility will usually end up paying considerably lower over the period of a medium to long term lease. With the longer contract and the ability to renegotiate your agreements terms, leasing your work space helps bring more stability to your business.

Privacy:

Since traditional leases are offered in lockable private units and you are not sharing space with anyone, its easier to schedule private meetings. Internet and telephony which is major concern for many industries find such spaces best. One will basically have better overall control of allotment of designated areas for privacy.

Branding and Overall look and feel:

The entire office is yours and you can create your own, totally bespoke working environment which will reflect your brand and your corporate culture. Usually a coworking/serviced office operator will have very hard time meeting this expectation for every single one of their tenants in the premise.

Myriads of Options:

While there is only so much on offer with serviced office operators, however, there is large canvas to look at when it comes to traditional office space options. One can look options from independent small buildings to boutique office space structures and big corporate buildings with large floor plate at various locations all over Delhi and NCR area.

Cost of Leasing/Renting an Office Space in Delhi

Cost of Leasing/Renting an Office Space in Delhi

Rents for office space in Delhi are usually quoted in Rupees per square foot terms. However, even though rent constitutes the largest cost, but it is vital not to overlook the other main “recurring costs” and also the initial expenditure when signing a lease.

Recurring costs:

Regular, recurring costs of renting an office will include:

Rent
CAM charges
Utility charges
Service tax/GST charge.

Interestingly, rent only constitutes around 70% of the overall cost, so accurate estimates for CAM and utility charges is quite critical, some landlords like to roll the CAM with utility and while many like to keep the two separate. Check to see if air conditioning charges are also factored in the CAM as your heating and chilling cost can be quite high in Delhi heat.

One time costs:

At the onset of renting Delhi office space, there are one-off costs, usually referred as “capex” that need to be accounted for if your landlord isn’t doing up the space for you. These are:

IT/Server, telecom expenditure
Removal costs (If any)
Legal costs and stamp duty
Brokers fees
Fit-out costs

Office Fit out cost

Office space rented direct from a landlord tends to be delivered as open-plan space, and so the cost of the fit-out will be borne by the incoming tenant. Fit-out costs will depend on the level of work required and can hover around Rs 1500 – 2500 per square foot (net area). At the end of the lease, there is usually an obligation to return the space to its original state by removing the tenant’s fit-out. Unless the landlord wants to use the existing setup you have been using.

GST on office space:

Most office space landlords come in GST bracket and its payable over and above the rent, currently at 18%.

Popular locations with average going rentals

Micro Market	Broader Area					Popular Buildings
		Office Space	IT/ITES/Institutional	Industrial	Retail
Connaught Place	Central Delhi	100-450/sq ft			300-2000/sq ft	Statesman house, HT house, DLF house, Gopaldas bhawan
Lutyens Delhi Area	Central Delhi	200-500/sq ft	200-500/sq ft		400-2500/sq ft
Defense Colony/Lajpat Nagar	South Central area	90-200/sq ft			200-400/sq ft
Nehru Place	South Delhi	70-200/sq ft			200-600/sq ft	IFCI house, Erose corporate park, International trade tower
Bhikaji Cama Place	South Delhi	80-225/sq ft			100-300/sq ft	Ansal Bhawan, Mahindra Tower, Somdutt Chambers
Okhla Industrial Area	South Delhi	30-110/sq ft	80-100/sq ft		100-200/sq ft	NSCI campus, Dlf tower, Max house
Jasola	South East Delhi	80-100/sq ft				Dlf tower, Elegance tower, Salcon aurum,
Mohan Cooperative Estate	South East Delhi	50-90/sq ft	50-70/sq ft	20-40/sq ft	100-150/sq ft
Green Park/Hauz Khas	South Delhi	90-150/sq ft			100-400/sq ft
Vasant Vihar	South Delhi	90-150/sq ft			100-400/sq ft
Vasant Kunj	South Delhi	90-150/sq ft	90-150/sq ft		100-400/sq ft	Bharti Crescent, Ambience Tower, Suncity Mall, Promonade
Saket/Maviya Nagar	South Delhi	90-150/sq ft	90-150/sq ft		100-500/sq ft	Rectangle one, DLF place, Southern Park, Prius Platinum
Qutab Institutional Area	South Delhi	90-150/sq ft	90-150/sq ft
Narouji Nagar/Kidwai Nagar	South Delhi	250-350/sq ft	250-350/sq ft		250-350/sq ft	World trade center, NBCC tower
Panchsheel/Khel Gaon area	South Delhi	90-150/sq ft	90-150/sq ft		90-150/sq ft	PHC chambers
ITO/Asaf Ali road	Central Delhi	80-130/sq ft	80-130/sq ft		90-150/sq ft
Jhandewalan	Central Delhi	80-110/sq ft		40-50/sq ft	90-150/sq ft	Videocon tower
Rajendra Place	Central Delhi	80-110/sq ft			90-150/sq ft	Vikram Tower, Aggrawal Tower, Deepshika Building
Moti Nagar	West Delhi	60-90/sq ft		30-50/sq ft	90-150/sq ft	DLF tower
Naraina Industrial Area	West Delhi	50-70/sq ft		30-50/sq ft	90-150/sq ft
Rajouri Garden	West Delhi	50-70/sq ft			90-200/sq ft
Janakpuri/Vikaspuri	West Delhi	50-70/sq ft	60-80/sq ft		90-150/sq ft
Dwarka	West Delhi	60-80/sq ft	60-80/sq ft	20-40/sq ft	90-150/sq ft	D21, Unity las vegas
Aerocity	South West	175-250/sq ft			200-400/sq ft	Bharti World Mark, Caddie commercial tower
Netaji Subhash Place	North Delhi	60-80/sq ft			90-150/sq ft	Aggarwal tower,
Shashtri Park/Bara Hindu Rao	North Delhi	60-90/sq ft	60-90/sq ft	20-40/sq ft		Delhi IT park, Central Square
Rohini	North Delhi	60-80/sq ft	60-80/sq ft	20-40/sq ft	90-150/sq ft	Ambience tower, Dmall, Crown heights
Parpargunj Industrial Area	East Delhi	60-80/sq ft	60-80/sq ft	20-40/sq ft
Laxmi Nagar/Vikas Marg	East Delhi	60-80/sq ft	60-80/sq ft		90-150/sq ft	Scope Minar
Mayur Vihar	East Delhi	60-80/sq ft	60-80/sq ft		90-150/sq ft	DLF tower, Mahhatt tower
Karkardooma	East Delhi	60-80/sq ft		20-40/sq ft
MG road	Gurgaon	90-125/sq ft	90-125/sq ft		90-150/sq ft	Time tower, First India place, Platinum tower
Udyog Vihar	Gurgaon	60-100/sq ft	60-100/sq ft	20-40/sq ft		DLF Cyberpark, Prime tower, SP infocity
Dlf phase 3	Gurgaon	100-130/sq ft	100-130/sq ft			Infiynity tower, cyberhub
Golf course road	Gurgaon	80-100/sq ft	80-100/sq ft		90-150/sq ft	One horizon center, Sunicity business tower, Paras downtown
Golf course ext road	Gurgaon	50-70/sq ft	50-70/sq ft		90-120/sq ft	Digital greens, world mark, Magnum tower,
Sohna Road	Gurgaon	50-60/sq ft	50-60/sq ft	20-40/sq ft	90-120/sq ft	Bestech business park, spazedge,
Sector 16-17/Rajnigandha chowk	Noida	80-100/sq ft	80-100/sq ft		90-150/sq ft	Delhi one
Sector 62	Noida	60-80/sq ft	60-80/sq ft	20- 30/sq ft	80-100/sq ft	Logix IT park, DLF IT park, ITHUM
Sector 135/Expressway	Noida	50-70/sq ft	60-80/sq ft	20- 30/sq ft	60-80/sq ft	TCS IT park
Greater Noida	Noida	30-40/sq ft	30-40/sq ft	10-30/sq ft	30-50/sq ft

Locations preferred by various sectors/industries across Delhi NCR

Traditional office space still remain the first choice for anyone looking for office space in Delhi, however even coworking spaces are also getting popular with companies that are increasingly looking into remote work strategies and reducing capex. Feel free to check out our page to know more about various coworking options available in Delhi NCR.

Find the most convenient, economical and commuter friendly traditional office space for your office space in Delhi! Where ever you need!

There are hundreds of traditional office space options to choose from in Delhi and NCR locations. From good old south and central Delhi locations to swanky cybercity in Gurgaon and various suburbs though out Delhi NCR.

All About Traditional Office Spaces in Delhi

Connaught Place

Jhandewalan

Pusa Road/karol Bagh Area

Rajendra Place

Moti Nagar

Netaji Subhash Place

Rohini

Shalimar Bagh

Mangolpuri

Paschim Vihar

Mundka

Rajouri Garden

Naraina Industrial Area

Janakpuri

Dwarka

Aerocity

Vasant Kunj

Qutab Institutional Area

Saket

Mohan Cooperative Estate

Jasola District Centre

Okhla Industrial Area

Nehru Place

Greater Kailash

Lajpat Nagar

Defence Colony

Lutyens Area

Chanakyapuri

Bhikaji Cama Place

Bara Hindu Rao

Chandani Chowk

Mayur Vihar

Laxmi Nagar

Preet Vihar

Karkardooma

Shahdara

Green Park/Hauz Khas Area

Gurgaon

Noida

Nauroji Nagar

A brief Background

Office Space in Local Shopping Complexes set up by DDA:

Office Space in Shopping/Community Centers set up by DDA:

Office Space in District Centers set up by DDA:

Office Space on High street locations in Delhi:

Office Space in Modern district centers and Independent Buildings:

Office Space in institutional area of Delhi:

Industrial Office Spaces in Delhi.

Bigger IT/ITES and SEZ Office Space options in Delhi

Office Space in Coworking/Business Centers in Delhi:

What is a traditional/conventional office lease?

Cost of Leasing/Renting an Office Space in Delhi

One time costs:

Office Fit out cost

GST on office space:

Locations preferred by various sectors/industries across Delhi NCR

Central Delhi

East Delhi

Noida

West Delhi

South Delhi

Gurgaon

Dwarka

Faridabad

North Delhi

Find the most convenient, economical and commuter friendly traditional office space for your office space in Delhi! Where ever you need!

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