As city centres become tediously expensive in commercial real estate, secondary
business districts have been evolving close to the suburbs. In Mumbai, Nariman Point
gave way to the Bandra Kurla Complex and also the Andheri stretch. Thane is
expected to become a Commercial Business District in a few years. In Delhi, the
business district has moved from New Delhi to Secondary Business Districts such as
Nehru Place and Bhikaji Cama Place and now to suburban business districts such as
Gurgaon, Noida and Ghaziabad.
Suburbs are chosen because of proximity to the work place, accommodation that is
within user budgets and good connectivity, schools and hospitals in the vicinity and
therefore a better lifestyle. There is good potential if the developers keep the real
demand in mind. For instance, Noida and Ghaziabad being suburbs of Delhi have
picked up pace when it comes to being the preferred location for home buyers. This
is basically because of availability of affordable homes for the middle and uppermiddle
class in these two areas.
