The closest high density commercial district from the CBD area in central District is Jhandewalan, located just off the the main Pusa road, it is one of the oldest commercial districts in Delhi, which was earlier being used by factories like DCM. To this date many plots are still classified as flatted factory use in this area.
Biggest supply of office space comes from various small plots of 200 sq yd to 500 syd size and a cou;le of high rise bigger plots like Ananatraj House and Videocon tower. Being one of the oldest Business Districts of Delhi the age and construction of properties is very old which is evident in the quality and size of inventory available, with average office size being around 2000 sqft on single floor level and average age of buildings being 35yr plus.
Though plots are smaller in size however most of them posses basic modern infrastructure needed in a commercial office building like, high speed elevators, power backup, 24 hour water and security etc. The situation of parking is slightly better in comparison to the high street properties owing to the availability of parking’s in an underground parking lot along with the surface parking in and around the Jhandewalan community center .The neighboring areas to the business cluster being very densely populated one always feels the lack of space for parking specially on the high street areas alongside Pusa road. With age comes the shabby look and feel of the dilapidated buildings which becomes even more accentuated because of poor upkeep and cleanliness, making the overall look and feel of the area below average.
There is enough availability of multiple food vendors selling food at very affordable prices along with multiple reasonable shopping options in the nearby market makes life very convenient for office employees in Jhandewalan.
Who is taking office space on rent in Jhandewalan
Jhandewalan being close to cash repository, its very popular among banking and financial sector tenants. Other than that Pusa road is very popular for higher education and competitive exam classes making it a good location for coaching class operators also. Being a very famous education hub for competitive exams coaching centers. Most of the office inventory on high street has been taken up Education sector players. The office space for rent in Jhandewalan community center is majorly taken up by companies selling and marketing financial products, with Insurance companies, Mutual Fund houses, banks, Home loan, gold loan, personal finance companies, NBFC’s along with capital market brokers and Brokerage firms selling above mentioned financial products being the biggest tenants.
How easy is it commuting to Office in Jhandewalan
Excellent metro connectivity through its namesake Jhandewalan metro stations on Blue line route of Delhi metro and a huge network of DTC busses running on a complete web of recently built flyovers along with already existing road network make Jhandewalan Nagar very easily accessible from all around Delhi through all the modes of public transport making commute to office very smooth for employees of companies taking office space on rent in central Delhi.
How affordable is office space in Jhandewalan
On one hand is the lack of demand from big corporates and on other hand is the lack of supply of commercial office space, keeping the demand and supply at equilibrium. The lack of demand from corporates is compensated by the corporate retail companies and players in education sector taking offices to market and sell their products to the densely populated areas in the vicinity of Laxmi Nagar.
With average rentals in the range of 50-90/sqft. East Delhi office market could be a great option for companies looking for office close to central Delhi at reasonable rentals.
Average price of a professionally run co-working space is in the range of 6000-9000/seat/month
Coworking Options In Jhandewalan
91springboard, The Berry Cowork, We start etc are a few professionally run coworking centers nearby. Most Coworking options here are geared for budget clients, one can easily find things between Rs 6000 – 14000/seat. Cabins would typically range between 18000 – 30000/month.
A few of our listings of office spaces in Jhandewalan:
Freehold Commercial Building for Sale in Jhandewalan, Central Delhi area
A freehold plot admeasuring 320 sqyd is available for outright…