# Delhi-NCR Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/delhi-ncr
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### What is the difference between Delhi, Gurugram, and Noida?
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.

### What is the typical commute pattern?
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.

### How significant is the SEZ context?
Selected Gurugram and Noida parks offer SEZ tax benefits. Tenant decisions on SEZ vs. non-SEZ space have material tax implications.

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Citation: Source: Class A Atlas (https://classa.info/cities/delhi-ncr), updated 2026-04-15T00:00:00.000Z.