Gurgaon - The Emerging Hotspot for Commercial Real Estate

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.



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