Gurgaon- New Focus on Retail Expansion

By: George Gonigal

Real estate sector is constantly flourishing and expanding in Gurgaon, especially since the past decade. Every year new builder developments are taking place which is taking real estate to a new height and simultaneously generating more property investment opportunities.

Real estate developers in Gurgaon have an advantage as Gurgaon falls in the Delhi NCR region. This means a constant influx of population into the city that result in higher demands on the property front.

Another reason for growth in property investments in Gurgaon is a better return on suh types of investments. This factor translates more often than not, into a better element of financial growth than other sectors. Considering the dependability of Gurgaon properties, on the other hand, the risk factor is minimum in Gurgaon.

Also, have gained more prominence due to the booming IT/ITES sectors. Information Technology has been one of the biggest drivers of real estate in Gurgaon. The ever expanding properties of Gurgaon have resulted in the end-users buying more and more apartments in and around Gurgaon.

The other factor that boosts the real estate and infrastructure development in Gurgaon is the talent pool that the city has now come to display over the past few years. This had lead to drawing of increased number of a variety of talents that result in creating more space in terms of property. An increased number of people are investing on the restaurants and the entertainment section. This has directly impacted the retail property expansion in the city.

Addressing a press conference, SRS Group Chairman Anil Jindal said that they would invest Rs. 500 crore in the expansion of its retail properties, Rs. 350 crore in setting up multiplex cinemas and Rs. 150 crore in the expansion of the food and beverage business.

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