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Preferred Destination for Growth of Commercial Real

Estate- Gurgaon-Manesar and NOIDA-Greater NOIDA January 2015

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Table of Contents

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• Why to invest in Gurgaon - Manesar?

• Gurgaon- Manesar :

• Infrastructure - Current & Proposed

• Supply – Absorption Trend

• Gurgaon - Manesar Present & Next 5 years Investment Destinations

• Rent – Capital Trend

• Colliers View

• Why to invest in NOIDA - Greater NOIDA

• NOIDA & Greater NOIDA:

• Infrastructure - Current & Proposed

• Supply – Absorption Trend

• NOIDA - Greater NOIDA - Current & Next 5 years Investment Locations

• Rent – Capital Trend

• Colliers View

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Why to invest in Gurgaon – Manesar?

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• Availability of Talent Pool due to its proximity to Delhi, where over 165 colleges, 5 medical colleges, 8

engineering colleges, 7 major universities & 9 deemed universities are there.

• Quality Structures on premium locations like DLF Cyber City, M.G Road, Golf Course Road

• World-class Facilities and Amenities attracts MNCs majorly from IT/ITeS, Telecom & BFSI sector and

at present city home to about 250 Fortune 500 companies

• Twin benefits – Government Support and Private Sector Efficiency

• City balance the Social Efficacy with international class malls & high street, multi facility hospitals

,over 1,100 of residential sky scrapers and other sports and recreational facilities

• Gurgaon is the 3rd highest per capita income city of India

• Gurgaon – Manesar, Global Business Eco City is the 6th best business hub in India

• All possible major Infrastructure like international & domestic airport, Inter state railway network, metro

& rapid metro connectivity, fully functional arterial road network

Key Reasons

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Gurgaon – Manesar

4Major Road Links

NH 8

Dwaraka Expressway

KMP

M G Road

Golf Course Road

Golf Course Road Ext.

Sohna Road

South Periphery Road

Operational Metro Under & Proposed Construction Metro

INR 85 -140

INR 55 - 75

INR 55 - 75

INR 55 - 75

Current Rental Values

INR 90 - 140

INR 50 - 150

INR 55 - 75

Manesar

INR 85 - 90DLF Cyber city

INR 35 - 40Udyog ihar

3 MN SQ FT Avg. New Supply

5 MN SQ FT Avg. Absorption

- Gurgaon

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Gurgaon - Manesar Present & Next 5

years Investment Destinations

5

Average Rental & Capital Value Trend

• We expect these tenants to commit to large office spaces, especially in Special Economic Zones. Supply demand

equilibrium will keep rents in check in peripheral locations; however, rents in micro-markets like Cyber City, Udyog Vihar

and NH8 will continue to strengthen further.

• Golf Course Road and its Extension Road are positioning themselves as significant future development destinations with

large upcoming supply. However, the development of Golf Course Road and Golf Course Extension Road will be tied to

Metro projects and 16 lane highway which are set to serve this market by 2016.

Current Investment

locations

Next 5 years

Investment

locations

• Sector 32 - 44• Golf Course Road• Manesar

• Southern Peripheral Road

• Golf Course Road Extension,

• Sector 82• Northern Peripheral

Road

Colliers View

Average Capital INR 9,836

Average Rent INR 69

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Why to invest in NOIDA – Greater

NOIDA?

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• NOIDA is more easily accessible from Delhi as compared to Gurgaon. The distance between the

capital city and NOIDA has been reduced to a great extent after the DND Flyover became operational

• NOIDA & Greater NOIDA is home to a number of MNCs, especially from IT/ITeS, automobile sector

situated at various sectors of the city

• Presence of big IT/ ITeS giants like IBM, Nokia, Microsoft, Sapient, Bloomberg, HCL, NIIT already

have there fully functional campus and offices

• Availability of cheap labor force in NOIDA & Greater NOIDA is also a huge reason for investors to

look at commercial properties

• NOIDA & Greater NOIDA house to a number of huge scaled affordable housing in around in various

stages completed, under construction and proposed

• NOIDA & Greater NOIDA authority is already working or is planning a lot of infrastructural

developments like metro connectivity routes, wide and elevated roads and a number of flyovers for

better connectivity and smooth traffic flow.

Key Reasons

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NOIDA – Greater NOIDA- Master plan

7Source: The Hindu

- NOIDA

3 MN SQ FT Avg. New Supply

2 MN SQ FT Avg. Absorption

NOIDA Greater NOIDA

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NOIDA – Greater NOIDA Present & Next 5

years Investment Destinations

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Current Investment

locations

Next 5 years

Investment

locations

NOIDA• Sector 16, 18 , 62• Film CityGreater NOIDA• In and around Buddha

Circuit

NOIDA• Sector 127 till Advant• ExpresswayGreater NOIDA• Yamuna Expressway

Average Rental & Capital Value Trend - NOIDA

Colliers View

• Occupiers, especially from IT/ITeS, will remain as the prime drivers, similar to 2014. Approximately 10 million sq ft of grade

A office space is at various stages of construction in NOIDA, which is expected to complete in next 3 years. However

market is likely to see limited new supply in 2015 as developers will refrain completing project and adding more

speculative supply until substantial leasing volumes return.

• The rents expected to increase marginally in medium term due to restricted new supply.

• In Greater NOIDA Current Investment Opportunities are in and around Buddha Circuit where ample availability of land

provides an opportunity for more development, especially for IT/ITeS MNCs.

Average Capital INR 8,200

Average Rent INR 65

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