{
  "url": "https://classa.info/cities/delhi-ncr",
  "title": "Delhi-NCR Class A Office Market",
  "description": "India's capital region with deep BFSI, consulting, and government tenancy.",
  "oneSentenceAnswer": "Delhi-NCR Class A office rents around ₹130/sqft/mo · ≈ $18.7 PSF/yr USD, with 12.6% vacancy and 6 months of typical rent-free on a 9-year term.",
  "tldr": [
    "Cyber City Gurugram trophy product trades at INR 130-160/sqft/month.",
    "BFSI, consulting (Big Four), and tech anchor the GCC and HQ tenant base.",
    "Government and lobbying tenancy structurally underwrites Connaught Place and Lutyens Delhi.",
    "Noida is the principal data centre and back-office expansion frontier."
  ],
  "keyFacts": {
    "city": "Delhi-NCR",
    "country": "India",
    "region": "APAC",
    "classARentLocal": "₹130/sqft/mo · ≈ $18.7 PSF/yr USD",
    "classARentUsd": "$18.72/sqft/yr",
    "vacancyPct": "12.6%",
    "typicalLeaseYears": 9,
    "typicalRentFreeMonths": 6,
    "submarkets": 5,
    "corporateTaxPct": "25.17%",
    "talentIndex": 84
  },
  "faqs": [
    {
      "question": "What is the difference between Delhi, Gurugram, and Noida?",
      "answer": "Delhi (Lutyens, CP) hosts boutique HQ and government; Gurugram (Cyber City, Golf Course Road) is the principal corporate Class A trophy market; Noida is the back-office and data centre frontier. Each operates under a different state regulatory regime."
    },
    {
      "question": "What is the typical commute pattern?",
      "answer": "Cross-NCR commutes can exceed 90 minutes. Metro Phase 4 and the RRTS Rapid Rail are the principal mitigants. Many Class A tenants now offer hybrid policies."
    },
    {
      "question": "How significant is the SEZ context?",
      "answer": "Selected Gurugram and Noida parks offer SEZ tax benefits. Tenant decisions on SEZ vs. non-SEZ space have material tax implications."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/delhi-ncr), updated 2026-04-15T00:00:00.000Z."
}