A decline in the availability of quality commercial office space has led to a growth in flexible working spaces in one of India's largest office markets. NCR, one of the largest urban agglomerations in the world, is thought to have moved more towards flexible spaces as developers have increasingly focused on residential real estate as a result of recent rises in immigration to the five major cities in the region. The situation looks set to be gradually reversing, however. Catching up to Noida, the recent infrastructure developments such as the underpass on Hero Honda Chowk, Signature Tower, and the proposed flyover from the Dwarka Expressway to the Southern Peripheral Road and the state and central governments’ investment push to infrastructure will only add to the ease of movement in Gurugram. According to data from Cushman & Wakefield, India saw an increase in the number of offices opened between 2010 and 2012, with the total value of new office buildings rising by about 30% over that period.
A decline in the availability of quality commercial office space has led to a growth in flexible working spaces in one of India's largest office markets. NCR, one of the largest urban agglomerations in the world, is thought to have moved more towards flexible spaces as developers have increasingly focused on residential real estate as a result of recent rises in immigration to the five major cities in the region. The situation looks set to be gradually reversing, however. According to data from Cushman & Wakefield, India saw an increase in the number of offices opened between 2010 and 2012, with the total value of new office buildings rising by about 30% over that period.