The latest planned business district in West Delhi after Janakpuri district centre , with a lot of vacant plots and a couple of unfinished projects, is still a work in progress . Rajouri Garden business district famous for its namesake Rajouri Garden market lies between two major office markets of west Delhi – Moti nagar towards North East and Janakpuri towards south west.
Even though it’s a planned commercial district, most of the supply was planned from a retail point of view. All the large structures, built on plots bigger than 1 acre , are either government office buildings or Malls. There are some small structures too which are independent G+3 constructed structures of around 400 sq yard, ground and first floors of most are being used by F&B sector players rest of the floors are available for office space use . After an initial success the commercial district lost its charm and most of the malls fell prey to high footfall and sales in the nearby high-street market of Rajouri garden and newly developed Pacific Mall in the nearby Subhash Nagar neighbourhood. Of late a couple of malls have changed their strategy and rented areas to educational institutes and coworking sector office market players, many more such developments are under progress . Other than the district center rest of office space supply comes from the high street properties alongside the metro route heading towards Janakpuri district center , these independent structures built mostly on plots ranging between 200-400 sq yards with a G+3 structure have extraordinary branding possibilities and would be an excellent location for any corporate retail brand.
Offices can be made available in all sizes starting from 1000 sqft to upwards of 100,000 sqft with option of huge contiguous areas in the range of 20-30,000 sq ft covered area in the malls , the independent structures have an average inventory size of around 2500 sqft. The availability of bigger areas in Rajori Graden gives it an edge over the nearby office markets .
All the office space supply in the Rajouri Garden office market comes in relatively new built structures with age between 10-15yrs . All the buildings have operational lifts, glass facades and good maintenance. The buildings inside the district centre definitely have an edge over the high street office buildings in terms of availability of parking, as over and above the underground parking in the building there is enormous space for open parking in front of the buildings making it extremely convenient for office goers as well as the visitors to park their car without any hassle.
Multiple high street food vendors along with good restaurants , retail outlets selling other daily requirements coupled with the central location and extremely safe and secure locality adds to the appeal of Rajouri Garden office market.
How easy is commuting to office in Rajouri Garden?
Rajouri Garden metro station being an interchange station between pink line and Blue line route of Delhi metro makes it an extremely convenient and well connected place to travel to. Being right on the ring road it is connected by a huge network of DTC buses making it very easily accessible from all parts of Delhi and the neighbouring sub-cities. Excellent connectivity through all modes of public transport makes commuting to the office very smooth for employees of companies taking office space on rent in Rajouri Garden. uring cities of Gurgaon, Faridabad and Noida.
Who is taking office space in Rajouri Garden?
Of late there has been considerable increase in queries for office space on Rent in rajouri garden from all kind of companies as there is negligible supply of good glass face modern buildings in West Delhi. Talks are on with a lot of property owners and developers in the region and hopefully we will be able to see the retail malls in the region transform into nice office buildings and the district center will be throbbing with business once again. The properties on high street are excellent for home loan, car loan, NBFC’s, Mutual fund , insurance and other advisory services because of excellent signage and visibility.
How much does it cost to take an office Space in Rajouri Garden?
The commercial space in malls is available at a deep discount with average office rental being in the range of about 50-70 Rs per sq ft. Owing to the excellent visibility and optimum size the high street properties are always in high demand fromF&B and beauty segment retail players so the rentals of even the higher floors are nothing less than 100-125/sq ft, the ground floor could be anything in the excess of 200/sq ft.
Coworking Options In Rajouri Garden
Studio Materium in Mayapuri, Syndic8 in Moti Nagar, My branch in Moti Nagar, Covork in Pachim vihar, Cohesive in Patel Nagar etc. Serviced and Coworking offices range between 4000 – 9000/seat depending on overall infrastructure and amenities.
