East West Commercial Real Estate

Good Commercial Areas In Gurgaon has got immense importance as a corporate hub. It houses a number of industries ranging from IT, ITES, BPO, auto manufacturing, hospitality and more recently the medicine field industries. Along with a well planned infrastructure, it offers globally comparable business houses like IT parks and Business Centers. Commercial centres like Udyog Vihar, IMT Manesar, InfoCity, Pace City etc have only added up to the value of Gurgaon as a commercial hub. A dearth of commercial properties in Delhi, has also burdened the NCR region commercial segment. Though, the supply has been enough till now, the demand is growing at a faster pace. The demand for commercial property is ever rising in the city and day by day and it is becoming the first choice among corporate houses and firms. To cope up with this burgeoning demand for commercial space, many developers have started new projects in the city. In addition to the corporate centres, offices, IT parks, the recent addition of shopping malls have opened new avenues in the retail space segment. Metropolitan Mall, Mega Mall, DLF City Centre, Ambi Mall, Omaxe wedding Mall etc are a few names, that have made the retail market a hotcake in Gurgaon. iValley at Manesar, Cyber Park at Sector 67, Element 9 at Manesar etc., are just to name a few of the new commercial projects in the city. The presence of sundry industries and multi national companies has caused an increment in the property rates. The search for a place, that is appropriate for your kind of business, in a good locality with good infrastructure but still easy on the pocket, is not really an easy task. A thorough market research is mandatory. A good way is to move out of the most popular commercial areas and look for newer avenues. For example, Golf Course is known to be the hub of corporate offices. It is very popular and equally costly. Though, it obviously is always the best place to have an office, with buildings like Vatika Tower, Global Flyover, Vipul tech etc. But, at the same time, it’s quite costly. So, if you are planning to have an office and are ready to get out of the charm of the posh localities, you can find some good economical options e.g., Udyog Vihar Phase-VI or Pace City-II etc. Let’s have a look at the rates of a few localities in Gurgaon, which are appropriate for office space and retail space (shops) and are cost-effective too: Office Space: Area // Average Price per Sqft (INR) // Average Rent per Sqft (INR) Pace City-II // 3952 // 16 Udyog Vihar Phase-VI //      4553 // 43 Udyog Vihar Phase-II // 5159 // 44 IMT Mansesar // 5908 // 15 Sohna Road // 6004 // 76 Retail Space (shops): Area // Average Price per Sqft (INR) // Average Rent per Sqft (INR) Manesar //      9988 // 60 Sohna Road // 10548 // 85 Sector-57 // 10858 // 85 South City-II // 11672 // 65 Palam Vihar // 12621 // 84 The purchase of properties has increased in Gurgaon and will continue to do so. The market is getting stabilized after the downfall of the realty sector. It is high time to invest in Gurgaon properties and expect a good return.