Commercial Property In Gurgaon
Gurgaon is one of the fastest-growing cities in India and has emerged as a hub for commercial real estate. In recent years, the demand for commercial property in Gurgaon has increased significantly. The city offers various options for commercial properties, including office space, retail space, warehousing and industrial space. Gurgaon is home to several multinational companies, startups, and small and medium enterprises, making it an ideal location for commercial investment.
Overview of Gurgaon's Commercial Real Estate Market
Gurgaon is located in the National Capital Region (NCR) of India and is governed by the Haryana government. The city has excellent connectivity to the national capital of Delhi, making it a prime location for commercial development. The city is divided into several commercial areas, including Golf Course Road, MG Road, Cyber City and Udyog Vihar. These areas offer a range of commercial spaces with different sizes and facilities, catering to the needs of various businesses.
According to a recent report by Knight Frank India, the commercial real estate market of Gurgaon witnessed a 12% increase in rental values in Q4 2020 compared to the same period in the previous year. The report indicates that the demand for office space is likely to increase further in the coming years, especially in locations such as Sohna Road, Dwarka Expressway and Golf Course Extension Road.
Types of Commercial Property in Gurgaon
Office Space
Gurgaon is a popular destination for office space and is home to several multinational corporations, startups, IT companies, and BPOs. The city has a range of office spaces, including serviced offices, shared offices, co-working spaces, and standalone buildings. The office space in Gurgaon is well-equipped with modern amenities and infrastructure, offering a comfortable and convenient work environment. The rental prices for office space in Gurgaon vary depending on location, size, facilities, and infrastructure.
Retail Space
Gurgaon offers a range of retail spaces for businesses, including shop-in-shop spaces, retail shops, showrooms and malls. The city has several established malls, including Ambience Mall, DLF City Center Mall and MGF Metropolitan Mall. These malls offer a range of retail spaces for businesses, including luxury stores, food courts, entertainment zones and multiplexes. The rental prices for retail space in Gurgaon vary depending on the location, size, facilities and infrastructure.
Warehouses and Industrial Space
Gurgaon offers a range of warehouses and industrial spaces for businesses involved in manufacturing, logistics, and supply chain management. The city has several industrial areas, including Udyog Vihar, which offers warehouse spaces, manufacturing units, and distribution centers. The rental prices for warehouses and industrial spaces in Gurgaon vary depending on the location, size, facilities and infrastructure.
Factors Affecting Commercial Property Prices in Gurgaon
The price of commercial property in Gurgaon is affected by various factors, including:
- Location: The location of the property plays a significant role in determining the price. Areas such as Golf Course Road, Cyber City, and MG Road are considered prime locations, and properties in these areas command higher prices.
- Infrastructure: The infrastructure of the property, including amenities, power backup, parking facilities and security systems, affects the price.
- Size: The size of the property also affects the price. Larger properties command higher prices than smaller ones.
- Supply and Demand: The supply and demand of commercial properties in Gurgaon affect the price. If the demand is high and the supply is limited, the prices tend to increase, and vice versa.
- Age of Property: The age of the property affects the price. Older properties may have lower prices than newer ones due to infrastructure and maintenance issues.
Conclusion
Gurgaon is an ideal location for commercial property on Gurugram due to its excellent connectivity, business-friendly environment and well-equipped infrastructure. The city offers various options for commercial properties, including office space, retail space, warehouses and industrial space. Investors should consider factors such as location, infrastructure, size, supply and demand and the age of the property while investing in commercial property in Gurugram.
Commercial property in Gurgaon One of the most beautiful residential or commercial properties could be a part of the most awful property financial investment you’ve ever before made.
Bear in mind that industrial real estate investing is everything about the deal, the terms, and the ROI.
The whole idea of making financial investments is to create income or earnings.
So, if you acquire a residential property that creates no income or earnings, you truly simply gotten a building as opposed to making an investment and Gurgaon is the most effective place to purchase industrial property since Gurgaon is the fastest growing city in Haryana as well as the international criterion of residing on the various other hands.Commercial property areas in Gurgaon –Dwarka ExpresswayGolf course roadSouthern peripheral roadNew GurgaonSohna Road
A lot of factors have contributed towards this popularity including the already flourishing corporate hubs, proximity to the international airport and a well-developed infrastructure.
If you are planning to invest in a commercial property in Gurgaon, you will find multiple options to choose from.
The first thing to factor in should be the location of the property.
Best Locations for Buying Commercial Property in Gurgaon Golf Course Extension Road Majorly known for its luxury residential projects, Golf Course Extension Road is also rising as a hub of commercial properties such as office spaces and retail spaces.
Here are some of the reasons why this is the perfect location for investment: Connectivity via Southern Peripheral Road and Sohna RoadOther infrastructure projects like DMIC and High-speed metro link are in the pipelineCovers prime areas like Sector 61, 62, 65 and 67Rapidly developing civic infrastructure like hospitals, schools, etc.Proximity to the nearby residential areasMNCs and start-up focused approach creating more job opportunitiesBest Project on Golf course road: M3M Broadway Office Space Sohna Road The growth story of Sohna Road, Gurgaon is not too new.
It has been on the list of investors for quite some time and it still finds a place in there.
