East West Commercial Real Estate

Gurgaon is one of the major hotspots for commercial property in India today as it has become the most important outsourcing and off-shoring hub in the world. It is located in NCR (National Capital Region) and has emerged as the IT and BPO capital of India. It is the industrial heart of north India as it houses several top notch MNCs, Corporates and Fortune 500 companies.

The commercial property in Gurgaonis the most favorable among the business leaders as it has become a new age business destination. Undoubtedly, its proximity to the national capital, Delhi has benefited it in more than one way. Consequently, it is entitled to all the facilities available to Delhi along with the well trained and highly skilled professionals. In addition to this, it has a very business like environment in its healthy and hi-tech surroundings.

Leading property developers like DLF, Unitech, Raheja, Vatika, etc. have developed commercial spaces like SEZS (Special Economic Zone), fully furnished offices, world class business centers and cyber city in Gurgaon. All these buildings are fully equipped with what constitutes the infrastructure i.e. security measures, well designed interiors, data cabling, internet connectivity along with utilities, internal housekeeping, electricity and AC provisions. These readymade hassle free structures are an added advantage in attracting MNCs in a big way. It has emerged as one of the best cities for corporate investors as it offers ready to move in offices on rent as well.

Not only this, Gurgaon offers shopping malls, sky-touching apartments and an international standard of living. It has been quite adept in catering to the entertainment and recreation needs of the high salaried workforce residing in the city. Various shopping complexes, multi-storeyed malls, movie theatres, multiplexes, health clubs, etc. have been opened in this business city. There is, thus, indubitably a huge demand for both commercial and retail property in Gurgaon.

Rental values and property values of Gurgaon real estate is spiraling up constantly as it keeps luring the property investors and corporates. Gurgaon realty is a high growth area as demand for property never dies down and instead keeps increasing relentlessly. Its residential segment has already reached the hilt and is the hottest with so many students and professionals continually raising the demand for housing. Gurgaon has, in fact, become a top scorer among the most preferred residential destination in India.  Growing housing requirements are making the need of better housing felt and so, property builders are coming up with the concept of ‘affordable housing’. This is because property rates have sky rocketed in Gurgaon, so much so that in some regions they are as high as in Delhi and in some almost exceeded them.

During recession, rental property in Gurgaon had suffered quite a lot with a significant fall of around 25% recorded. But as soon as the economy recovered, Gurgaon rental values have picked up well and are traversing on the growth path. Rents of commercial property in Gurgaon are seeing an upward trend while encouraging property developers to continue shaping up buildings for commercial use. Because of the economic meltdown, some of the leading realty shapers like DLF and Unitech had shifted their construction plans to housing sector as they deemed it profitable even in the times of slowdown. But, it’s not happening anymore as property developers are coming forward and making investments in commercial sector with equal vigor.

Therefore, real estate in Gurgaon will remain a hot favorite in upcoming times as it continues to be an attractive business destination. From BPOs, KPOs to IT, ITes sector, almost every industry has an established presence in Gurgaon, thereby, making it an important commercial hub.