Top Upcoming & Booming SEZs in Suburban India
India is a country where affordable labor is available. This has led to an incredible increase in the outsourcing business in India. As a result of this, many new startups have come up in this country. Many multinational companies are starting their businesses in India due to the good FDI policies. As the population is ever increasing in India, the real estate prices are soaring high, especially the commercial properties. However, there are some Special Economic Zones that offers affordable office leasing spaces. The four busiest metro cities are Delhi, Mumbai, Kolkata, and Bangalore. Bangalore is often referred as the Silicon Valley of India.
Delhi NCR comprises of Delhi, Gurgaon and Noida area. Gurgaon and Noida house a majority of the Special Economic Zones. The Noida SEZ is in Sector 81, Noida. It houses multiple IT and Tech companies. Facilities include convenience stores, food courts, ATM, etc. Gurgaon has a huge base of IT and SEZ spaces. Explore companies that offer state-of-the-art amenities, like Candor TechSpace, located in sector 48, Gurgaon. Situated in the bustling Sohna Road area of Gurgaon, major companies in this SEZ are Aricent, AON, Cognizant, Colt, Evalueserve, and Genpact. Prime facilities include convenience stores, banks, ATMs, baby care centers, food courts, and restaurants. It has car parking facility for 6190 cars. DLF Cybercity is also an IT hub whereoffices of major Tech companies in India built. Located across four areas in Gurgaon, WeWork is a fantastic place that leases and rents modern office space to entrepreneurs and self-employed people.
Fully furnished office space comes at a steeper price. Even though unfurnished office spaces give you the liberty to customize and renovate the interiors to reflect the vision of the company, most parties opt for furnished options. Office spaces are comparatively economical in Navi Mumbai area compared to other major cities like Bengaluru, Pune, Gurgaon. As per real-estate experts, Mumbai is the next big destination for IT hubs. Located in Babavpada, the SEZ in Mumbai is still under construction. The industrial units in this SEZ will be operational in 2019. Office space for rent is quite affordable across Mumbai locations. The recent proposition of ‘Silicon Valley Asia’ in New Town, Kolkata, developers are in search of land for this iconic commercial hub. IT giants like Infosys and Wipro have already booked 50 acres of land in this hub. There are many tech companies housed in Rajarhat area near Kolkata SEZ. The approval of 5 SEZs has been canceled in the state. However, CandorTech has successfully developed a fully operational IT/ITES zone in New Town, Rajarhat, Kolkata. It has 3.04 million sq. feet of office areacomplete with amenities like food courts, convenience stores, fitness centers, ATMs and banks. It also has a banquet and swimming pool. Bangalore is often referred to as the Silicon Valley of India with thousands of IT ompanies, tech companies, and start-ups. The Electronic city has a major concentration of tech companies in the city. Whitefield and Koramangala also have many IT companies and start-ups. Bangalore Aerospace SEZ is a fully functional SEZ located in Bangalore. It houses over 56 medium to large-cap companies. Devanahalli Business park has multiple tech companies. Similarly, Bial IT Investment Region (ITIR) has over 55 multinational companies like Wipro, Infosys, TCS and Cognizant.