Report: Gurgaon accounts for 80% of NCR office leasing

01 Nov 2022 CW Team

According to a Cushman & Wakefield report, companies continue to prefer Gurgaon over Noida for new office space, with the satellite city on Delhi's south-west accounting for 80% of the National Capital Region's leasing during the April-June quarter.

Companies began to relocate to Noida following the first lockdown in March 2020, as rent was less than half that of Gurgaon, and, as a result, Noida's share of overall leasing surpassed that of Gurgaon for the first time during April-June 2020. However, this has changed again, in part due to a lack of new office space in Noida to meet demand.

According to the report, the NCR recorded robust leasing of 3.63 million sq ft during the second quarter, up 6.13% sequentially and 46% year on year.

Also read:
Smartworld Developers raises Rs 2.50 bn from Motilal Oswal
DLF to introduce new projects worth ₹3,500 crore

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..