Absorption across NCR was approximately 6.6 million sq ft during 2007 and recommitments amounted to an additional demand of 4 million sq ft. Gurgaon Accounted for 4.64 million sq ft or 70 per cent of total absorption in the NCR. Noida, the next biggest market, accounted for 1.37 million sq. ft or 21 per cent of total absorption.
The total supply in the NCR amounted to 11.53 million sq ft. Gurgaon accounted for the largest share of approximately 6.4 million sq ft Noida and
Availability of land, improving infrastructure, and better connectivity are some of the factors why most of the supply came in the suburban areas. Prime locations and buildings in most micro markets have low or negligible vacancy. Demand for grade-A Properties Continues to rise in NCR, as is evident from the pre-lease commitments signed
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