Top 20 Most Promising Leasing Non-Residential Real Estate In India 2023

Real estate is a crucial component of any economy, serving as a tangible representation of economic growth and development. India’s real estate market is no exception, with a diverse range of non-residential properties available for businesses and investors looking to expand their operations and increase their revenue.

From office spaces to mixed-use developments, each type of non-residential property offers unique benefits and opportunities for businesses and investors. In this article, we will explore the top 20 best leasing non-residential real estate in India in 2023, highlighting the features and benefits of each property type and providing insights into why they are an attractive investment opportunity in India’s thriving real estate market.

By the end of this article, readers will have a comprehensive understanding of the diverse range of non-residential properties available in India and the benefits they offer for businesses and investors looking to enter the market.

1. Office Space: 

Office space refers to commercial properties primarily used for conducting business and administrative functions. These properties can range from small individual offices to large commercial buildings with multiple floors. Office spaces are classified as Class A, B, or C based on location, amenities, and overall quality.

Class A office spaces are the most desirable and expensive, usually in prime business locations. They are typically modern, high-quality buildings with parking, security, and on-site management amenities.

Class B office spaces are considered mid-range properties, often located in central business districts or suburban areas. They may not have as many amenities as Class A properties, but they are still functional and convenient.

Class C office spaces are typically older buildings that require more maintenance and may be in less desirable locations. They are generally cheaper than Class A or B properties and may require significant renovations to meet modern business needs.

2. Retail Space:

 Retail space refers to commercial properties used to sell goods or services to the public. These properties can range from standalone shops to large shopping centers with multiple stores. Retail spaces are often classified based on their location and size.

High-street retail spaces are located on busy, well-known streets and typically have high foot traffic. They are often expensive, but the visibility and accessibility they provide can be worth the cost.

Shopping malls are large, enclosed retail spaces that house many stores and often include amenities such as restaurants and movie theatres. They provide a convenient shopping experience and can attract many customers.

Strip malls are outdoor shopping areas that often feature a mix of retail and service-oriented businesses. They are typically located in suburban areas and provide easy access and ample parking.

3. Industrial Space

Industrial Space refers to commercial properties primarily used for manufacturing, warehousing, and distribution activities. These properties can range from small workshops to large industrial parks with multiple buildings. Industrial spaces are often classified based on their use.

Manufacturing facilities are industrial spaces that are used for the production of goods. They often require specialized equipment and infrastructure, such as heavy-duty power supplies, ventilation systems, and loading docks.

4. Warehouses

Warehouses are industrial spaces used for the storage and distribution of goods. They can range from small storage units to large, multi-story buildings with high ceilings and multiple loading docks.

Distribution centers are industrial spaces used for the storage and distribution of goods. They are often located near transportation hubs such as airports and ports, making them ideal for large-scale distribution operations.

5. Co-working spaces:

 Co-working spaces are shared workspaces that provide a variety of office amenities and resources to independent professionals, freelancers, and entrepreneurs. They can range from small, community-driven spaces to large, corporate-owned facilities. Co-working spaces are often classified based on their target market.

General co-working spaces provide a shared workspace for various professionals across different industries. They often offer amenities such as desk space, conference rooms, and high-speed internet.

Specialized co-working spaces cater to specific industries, such as technology, healthcare, or creative fields. They provide specialized amenities and resources that cater to the needs of their target market.

Large companies own and operate corporate co-working spaces, providing a shared workspace for their employees and contractors. They often offer high-end amenities designed to promote collaboration and innovation within the company.

6. IT Parks:

IT parks are commercial properties that are designed specifically to cater to the needs of IT and software companies. These parks offer a wide range of facilities and amenities tailored to the technology sector’s requirements, such as high-speed internet connectivity, 24/7 power backup, security, and ample parking.

In India, IT parks are often located in major cities such as Bangalore, Hyderabad, and Chennai, which have emerged as major hubs for the technology industry. They are generally designed to be self-contained campuses with a range of office spaces, research and development facilities, training centers, food courts, and recreational facilities.

IT parks are ideal for technology companies that require state-of-the-art infrastructure and facilities to support their operations. They provide a conducive environment for collaboration and innovation and also offer a range of networking and business opportunities within the technology community.

7. Special Economic Zones (SEZs):

Special Economic Zones (SEZs) are designated areas that the government sets up to promote exports and attract foreign investment. These zones offer a range of tax incentives, exemptions, and regulatory relaxations to encourage businesses to set up their operations in the zone.

SEZs in India are often located near major ports, airports, or national highways, making them easily accessible for international trade. They offer a range of facilities and amenities, such as industrial parks, free trade zones, and technology parks, designed to support export-oriented industries such as manufacturing, IT and software, and services.

SEZs provide a range of benefits to businesses, including exemption from customs duties, income tax, and other taxes for a specified period of time. They also provide a streamlined regulatory environment, simplified procedures for setting up and running businesses, and access to world-class infrastructure and facilities.

8. Convention Centers:

Convention centers are commercial properties designed specifically to host large-scale events such as conferences, exhibitions, trade shows, and cultural events. These centers offer a range of facilities and amenities such as spacious halls, meeting rooms, audio-visual equipment, catering services, and ample parking.

In India, convention centers are often located in major cities such as Delhi, Mumbai, and Bangalore, which have emerged as major destinations for national and international events. They are designed to provide a world-class environment for events of all sizes and types and are equipped with the latest technology and infrastructure to ensure seamless organization and execution.

Convention centers are ideal for businesses that require a venue to host large-scale events such as product launches, trade shows, and conferences. They offer a range of facilities and amenities that are tailored to the needs of event organizers and also provide access to a wide range of networking and business opportunities within the event industry.

9. Exhibition Centers:

Exhibition centers are commercial properties designed specifically to host exhibitions and trade shows. These centers offer a range of facilities and amenities such as exhibition halls, meeting rooms, audio-visual equipment, catering services, and ample parking.

In India, exhibition centers are often located in major cities such as Delhi, Mumbai, and Bangalore, which have emerged as major destinations for national and international exhibitions. They are designed to provide a world-class environment for exhibitions of all types and sizes and are equipped with the latest technology and infrastructure to ensure seamless organization and execution.

Exhibition centers are ideal for businesses that require a venue to showcase their products and services to a wide audience. They offer a range of facilities and amenities that are tailored to the needs of exhibitors and also provide access to a wide range of networking and business opportunities within the exhibition industry.

10. Business Centers:

Business centers are commercial properties that provide flexible office space solutions to businesses of all sizes. These centers offer various services and amenities, such as fully furnished offices, meeting rooms, virtual offices, administrative support, and IT infrastructure.

In India, business centers are often located in major cities such as Mumbai, Bangalore, and Delhi, which have emerged as major hubs for the business and finance sectors. They are designed to provide a flexible and cost-effective alternative to traditional office space. They are ideal for businesses that require a professional office environment without a long-term lease commitment.

Business centers are ideal for startups, small and medium-sized businesses, and remote teams that require a flexible and affordable office space solution. They offer a range of services and amenities that are tailored to the needs of businesses and also provide access to a community of like-minded professionals and entrepreneurs.

11. Data Centers:

Data centers are commercial properties that are designed specifically to house computer systems, servers, and networking equipment. These centers offer a range of facilities and amenities, such as high-speed internet connectivity, backup power, cooling systems, and physical security.

Data centers in India are often located in major cities such as Mumbai, Delhi, and Bangalore, which have emerged as major hubs for the technology industry. They are designed to provide a secure and reliable environment for businesses that require large-scale data storage and processing capabilities.

Data centers are ideal for technology companies, financial institutions, and other businesses requiring a reliable and secure data and IT infrastructure environment. They offer a range of services and amenities that are tailored to the needs of businesses and also provide access to a wide range of networking and business opportunities within the technology community.

12. Healthcare Facilities:

Healthcare facilities are commercial properties that provide medical services and care to patients. These facilities include hospitals, clinics, diagnostic centers, and other medical facilities, and offer a range of services and amenities such as medical equipment, trained staff, and administrative support.

In India, healthcare facilities are often located in major cities and towns, designed to provide quality medical care to patients of all ages and backgrounds. They offer a range of medical services such as emergency care, primary care, specialist care, and diagnostics, and are staffed by highly trained medical professionals.

Healthcare facilities are ideal for medical professionals, hospitals, and other healthcare providers that require a modern and well-equipped environment to provide quality medical care to their patients. They offer a range of services and amenities tailored to medical professionals’ needs and also provide access to a wide range of networking and business opportunities within the healthcare industry.

13. Education Facilities:

Education facilities are commercial properties that provide educational services and support to students of all ages. These facilities include schools, colleges, universities, training centers, and other educational institutions, and offer a range of services and amenities such as classrooms, labs, libraries, and administrative support.

In India, education facilities are often located in major cities and towns, designed to provide quality education to students of all backgrounds. They offer a range of educational programs such as primary education, secondary education, higher education, vocational training, and professional development, and are staffed by highly trained and experienced educators.

Education facilities are ideal for educational institutions, training centers, and other organizations that require a modern and well-equipped environment to provide quality education and training to their students. They offer a range of services and amenities that are tailored to the needs of educators and students and also provide access to a wide range of networking and business opportunities within the education industry.

14. Hospitality and Tourism Facilities:

Hospitality and tourism facilities are commercial properties that provide accommodations, entertainment, and other services to travelers and tourists. These facilities include hotels, resorts, theme parks, and other tourist attractions, and offer a range of services and amenities such as lodging, food and beverage, entertainment, and recreational activities.

In India, hospitality and tourism facilities are often located in major tourist destinations such as Goa, Rajasthan, and Kerala. They are designed to provide a unique and memorable travel experience for visitors. They offer a range of accommodations such as luxury hotels, budget hotels, and vacation rentals, and also provide access to a wide range of entertainment and recreational activities.

Hospitality and tourism facilities are ideal for hoteliers, resort owners, and other businesses that operate in the travel and tourism industry. They offer a range of services and amenities tailored to the needs of travelers and tourists. They also provide access to a wide range of networking and business opportunities within the hospitality and tourism industry.

15. Research and Development Centers:

Research and development centers are commercial properties that provide research and development services to businesses and organizations. These centers offer a range of facilities and amenities such as laboratory space, research equipment, and technical support.

In India, research and development centers are often located in major cities such as Bangalore, Mumbai, and Delhi, which have emerged as major hubs for the technology and research industries. They are designed to provide a modern and well-equipped environment for businesses to conduct research and development activities.

Research and development centers are ideal for technology companies, pharmaceutical companies, and other businesses that require a dedicated space to conduct research and development activities. They offer a range of services and amenities that are tailored to the needs of businesses and also provide access to a wide range of networking and business opportunities within the research and development community.

16. Logistics and Distribution Centers:

Logistics and distribution centers are commercial properties designed for the storage, distribution, and transportation of goods. These centers offer a range of facilities and amenities such as loading docks, warehouse space, and truck parking.

In India, logistics and distribution centers are often located near major transportation hubs such as ports, airports, and highways. They are designed to provide a modern and efficient environment for businesses to store and transport goods. With the growth of e-commerce and online retail, the demand for logistics and distribution centers has increased significantly in recent years.

Logistics and distribution centers are ideal for businesses in the manufacturing, retail, and logistics industries. They offer a range of services and amenities that are tailored to the needs of businesses and also provide access to a wide range of networking and business opportunities within the logistics and distribution community.

17. Entertainment Centers:

Entertainment centers are commercial properties that offer a range of entertainment options such as movie theaters, amusement parks, and gaming centers. These centers are designed to provide a fun and engaging environment for individuals and families.

In India, entertainment centers are often located in major cities and tourist destinations. They are designed to attract visitors and provide a range of entertainment options for people of all ages. With the growth of the entertainment industry in India, the demand for entertainment centers has increased significantly in recent years.

Entertainment centers are ideal for businesses in the entertainment and tourism industries. They offer a range of services and amenities that are tailored to the needs of businesses and also provide access to a wide range of networking and business opportunities within the entertainment and tourism community.

18. Sports Facilities:

Sports facilities are commercial properties designed for the practice and performance of sports. These facilities offer a range of amenities such as sports fields, gymnasiums, and locker rooms.

In India, sports facilities are often located near schools, universities, and community centers. They are designed to provide a modern and well-equipped environment for individuals and teams to practice and compete in a range of sports. With the growth of the sports industry in India, the demand for sports facilities has increased significantly in recent years.

Sports facilities are ideal for businesses in the sports and fitness industries. They offer a range of services and amenities that are tailored to the needs of businesses and also provide access to a wide range of networking and business opportunities within the sports community.

19. Commercial Land:

Commercial land refers to undeveloped land that is zoned for commercial use. This type of property is often used for the construction of commercial buildings, such as office buildings, retail centers, and warehouses.

In India, commercial land is often located in major cities and industrial areas. It is an ideal investment for businesses and investors who are looking to develop their own commercial properties. With the growth of the economy in India, the demand for commercial land has increased significantly in recent years.

Commercial land is ideal for businesses and investors who are looking to build their own commercial properties. It offers a range of opportunities for customization and development, and also provides access to a wide range of networking and business opportunities within the commercial real estate community.

20. Mixed-use Developments:

Mixed-use developments are commercial properties that combine a range of different uses, such as residential, commercial, and retail. These developments offer a range of facilities and amenities such as apartments, office spaces, and retail centers.

In India, mixed-use developments are often located in major cities and urban areas. They are designed to provide a modern and well-equipped environment for individuals and businesses to live, work, and shop in a single location. With the growth of urbanization and mixed-use development in India, the demand for mixed-use developments has increased significantly in recent years.

Mixed-use developments are ideal for businesses and investors who are looking for a diverse range of opportunities within a single property. They offer a range of services and amenities that are tailored to the needs of individuals and businesses, and also provide access to a wide range of networking and business opportunities within the mixed-use development community.’

In conclusion, non-residential real estate in India offers a range of investment opportunities for businesses and investors looking to expand their operations and increase their revenue. Whether it’s office space, retail space, industrial space, or any other type of commercial property, there is a wealth of opportunities available in India’s thriving real estate market. By understanding the unique features and benefits of each type of non-residential real estate, businesses, and investors can make informed decisions about which properties to invest in and how to maximize their returns.