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Gurgaon has been come of an edge where it has been transformed into an Electronic City from a small town. Rude red lands at the outskirt of metro city of Delhi have been evolved into a high tech commercial city being constantly under the scalpel of property developers. Consistent and contemporary construction processes taking place are creating high end commercial edifices here. Knowing that the targeted segment of property buyers and investors look for state of the art office spaces that are well equipped with high standard amenities and facilities which mostly prevail in international office spaces – office buildings house international style from exterior to interior. As a result, Gurgaon is increasingly becoming the most preferred hub of MNCs, IT, BPOs, and other types of companies.
Apart from lofty skyline with buildings carved in latest science of architecture in Gurgaon, there are some more reasons that boost up the prices of properties here. The crime rates in Gurgaon are very much in control and lowering. Other reasons why this is one of the most sought after property zone in India include connectivity of roads and highways [the expressway to Jaipur], NH8, extended route of Delhi Metro Rail connection, closer proximity from domestic airport and IGI airport etc.
Mushrooming of malls and prevailing of high quality civic amenities provide employees working at the office spaces that are nestled at the Gurgaon based commercial properties India wide options to meet their demands for good lifestyle. Not only that, fast developing residential buildings in Gurgaon help people working in Gurgaon based offices find beautiful homes to settle within shorter distances.
Numerous projects have already landed up and innumerable projects are yet to be complete and under the construction planning. Some of the major corporate buildings to make Gurgaon a commercial haven include InfoCity, IMT Manesar, Cyber Green, Pace City, Udyog Vihar etc. Developers have made available High rated projects at the same line with medium and small sized projects to meet all kind of requisition of commercial properties buying and investment along with detailed information on structural design, construction work with material, sanction of building plan, no objection certificate and completion certificate of building etc.
Ankita Tyagi is expert content writer on real estate and property India. For more details on residential and commercial property gurgaon visit:- NextGenProperty.co.in
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.
Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information, quickly, effectively and inexpensively. At 99 acres, you can advertise a property, search for a property and browse through Gurgaon property and other Properties.
The new-found commercial hub of India, Gurgaon, is one of the most well developed cities in the country. Within a decade, Gurgaon, one of the most happening markets in Delhi-NCR, has seen some of the major upswings in its property market. The rates of the commercial as well as residential properties are typically very high. Also, what makes the city more popular is its close proximity to the airport, which even gives an edge to Gurgaon over the other major cities in India.
Why the property rates in Gurgaon are very high
The real estate prices of Gurgaon are, undoubtedly, much higher as compared to other cities of India. This is mainly due to the development of countless industries and multi-national companies in Gurgaon. These firms require commercial properties in order to set up their different offices in the city. This has led to an increase in the prices of commercial properties. Besides that, people from all over India live in Gurgaon to work in these companies. Because of this, there is also an increased demand regarding the residential property, which includes flats, apartments, and condos.
The ever growing corporate culture in the metropolises of India is also responsible for the demand of commercial space, especially in India’s fastest developing suburban, Gurgaon. From the largest to the medium-sized, all kinds of companies want to occupy even the tiniest space available to reap benefits of the rapidly developing city.
Gurgaon, also called the Singapore of India, has, for sure, emerged to be the focus of major companies and BPO’s in the northern part of the country. Also, with the arrival of the top-notch MNC’s and Fortune 50 companies such as Pepsi, Genpact, Genesys Telecommunications, Ranbaxy, Coca Cola, HP, Nokia, etc., there has been an increase in demand for commercial space witnessed over the past few years.
Other than that, what also matters is the location of the city. Gurgaon is well-located in the National Capital region and is just 15 kms from the New Delhi International Airport and is very well connected to all the facilities of the National Capital. Besides that, Gurgaon offers a hi-tech and conducive corporate environment that makes it the favorite destination for many business enterprises. The commercial property market of Gurgaon offers modern infrastructure and amenities developed by leading real estate developers like Unitech, DLF, Vatika and Vipul.
Real estate prices in Gurgaon are soaring new heights each year. Although big companies can easily afford to buy a fully furnished property to launch their base in the city, small companies prefer renting corporate spaces to reap the benefits of this rapidly growing commercial center. In Gurgaon real estate, commercial rental properties are easily accessible with necessary services security, data wiring, internet connectivity, housekeeping and utilities and electrical provisions. So, one does not need to fret about the initial investment for furnishing the property with basic amenities and utilities.
Also, to meet the increasing demands of commercial rental properties in Gurgaon, real estate players have undertaken many middle and high-end projects at Old Gurgaon road, Gurgaon Sohna Road, MG Road and Golf Course Road. Not only upcoming companies but also global organizations consider the alternative of renting a property than buying it, as the returns in leasing or renting are much more profitable. Besides that, investment in commercial real estate in Gurgaon has become a lucrative option. One can reap great benefits from your noble idea of investment in a commercial property in Gurgaon than just sale and purchase of residential properties including homes and apartments. As Gurgaon now is a home to several MNCs and BPO firms, an investment in commercial real estate in Gurgaon will definitely be a beneficial deal.
So, commercial property in Gurgaon can be your productive investment in a number of ways –
You can make profits through renting it out to businesses. You can establish separate income sources apart from regular earnings.
In the end, do remember that after buying commercial real estate in Gurgaon on most attractive rate, you can maximize your profits through upgrading commercial property with required infrastructural and interior modifications. Then, you can again sell your Gurgaon property on the most preferred rate.
Investing in the commercial realty market of Gurgaon is definitely a profitable choice.
Sukhpreet kaur writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property, search for a property, browse through Gurgaon Real Estate and Properties.
Popularly known as Electronic City, Gurgaon is a beautiful place where crime rate is very low. People who have purchased properties in gurgaon are very lucky as prices are raised incredibly and rents are increasing day by day too. Either personal uses or business purposes, properties of gurgaon is sought after in both situations among people.
Individuals can get sundry information with the presence of internet apropos to properties in Gurgaon such as Structural Design, Sanction of Building Plan, Construction work with Material, Completion Certificate of Building, No Objection Certificate, et cetera.
Apart from above mentioned services, one can also get innumerable information such as construction services that include Sell/Buy/Rent of Farmland/Farmhouses, Residential Properties, Commercial Properties, BPO/Call Centres, Plots in HUDA Sectors and Flats.
There are a number of reasons for property of gurgaon has become sought after such as special economic zone (SEZ), Expressway to Jaipur, Metro Rail connection to Delhi, et cetera. It is also expected that 8 SEZs will be set up in near future.
Due to presence of a number of malls and some under construction malls, the people of Gurgaon have seen diverse business from retail to commercial. Apart from corporate buildings, there are a number of commercial centers that include InfoCity, Pace City, IMT Manesar and Udyog Vihar, which make Gurgaon commercial hub of India.
Besides high rated projects, there are a number of projects that are available for middle class segment. Some popular developers designed some projects keeping in mind requirements of middle class community at lower prices.
Popularly known as a hub of corporate offices, Golf Course is very famous for having some renowned buildings for instance Global Foyer, Vatika Tower, Vipul Tech and so on. Some renowned developers also developed office spaces in Sohna Road.
Due to presence of sundry industries and multi national companies, there is higher property rate in Gurgaon compared to other cities in India. Nowadays, Gurgaon Real Estate has become first choice among corporate houses and firms. It is expected that the prices of properties in Gurgaon is going to be raised so investment is safe and secure here.
Martinez Collins has been associated with Real Estate. Having good experience in real estate India, her advice is very helpful for investment in real estate India and basically her in depth knowledge about real estate development.
Gurgaon, cited as one of the cities selling the hottest properties in India has undergone massive transformation in the recent years. With strong initiatives from the state government, Gurgaon has awakened from being a dormant city to a fiery industrial hub which caters to all sections from IT, ITES, BPO to the hospitality sector and the more recently medicine field. And as the city wakes up to the inflowing business opportunities, there is a dearth of commercial properties in Gurgaon like office spaces. To meet the demands for office spaces arising out of burgeoning investments in the city, many top developers from within the country are engaged in structuring state-of-the-art office complexes meeting international standards.
On the other hand, it is observed that most of the overseas companies investing in India for the first time are hesitant to invest in properties as they seek to test the waters first. This has created an increasing demand of commercial property for lease in Indiaespecially in cities like Gurgaon. While top developers are eyeing investments in commercial office spaces as a lucrative option; procuring commercial properties like offices has been made easier with effective guidance from realty portals like www.indianground.com who believes in offering transparent and organized transactions. Moreover, the growing demand for retail or mall space in the city arising out of the emergence of the retail sector is also contributing to the overall need for commercial property for lease in India and Delhi, Gurgaon in particular.
Apart from the commercial properties leased out in Gurgaon, NRIs investing in the city are utilizing the homes they have invested in as a rentable property leasing it out for the residential requirements of the corporate clout as it is often seen as safe bet for generating revenues. However, the lease value of properties in Gurgaon is steeply on the rise while homes for sale remain the ultimate goal for investors. As the employment generated by the service sectors in Gurgaon is regarded as one of the significant causes for creating real estate space fuelling the realty demand in the city, the developers in the city are going out of their way in providing exceptional amenities to the homebuyers as the ‘competition for excellence’ transforms into ‘competition for existence’. And owing to large disposable incomes in the hands of the younger generation and the double-income factor, the real estate scenario of Gurgaon is set to achieve new heights in the years to come.
Mark Steven is an associated editor to the website www.indianground.com. Indianground is dedicated to explain all your related queries for real estate India and India properties, with the latest news updates . Your feedback and comments will be highly appreciated at markigsteven@gmail.com.
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.
Zamanzar.com is currently ranked within the TOP 10 real estate portals in India according to Alexa traffic rank. Zamanzar.com provides an end to end solution for buying/renting/selling residential or commercial Indian real estate. Zamanzar.com has thousands of property listings for sale and rent in Gurgaon, including residential and commercial resale properties, rental properties and new projects. You can arrange site visits and close the deal with us, if you like some properties. Please visit our Gurgaon home page at http://www.zamanzar.com/Gurgaon-Real-Estate.html