Commercial Real Estate Trends and Conditions in Gurgaon

By: Matinez

Gurgaon is the commercial capital of Haryana - an Indian state. It is one of the most sought after destination for multinational companies, corporate business, investors and residents as it provides world-class living standards and globally comparable business houses in the form of Business Centers and IT parks. Real estate business is growing at a speedy pace in this futuristic city of India. It can be known from the number of new business and residential houses coming up in the city. Inspired by growing popularity, the offices are being relocated from unhygienic and congested industrial zones of New Delhi to this trendy suburb.

Another big plus point for this city is its nearness to International airport in New Delhi, the national capital of India, that has encouraged a lot of construction activity by several leading Indian construction companies that include Emmar, Ansals, Vatika, Unitech, DLF and MGF. Well constructed offices, residential and commercial complexes have attracted many multinational companies to shift their corporate and back offices from New Delhi's business centers to Gurgaon.

Shopping malls are the latest addition in the city which has made Gurgaon a preferred destination for retailers. Metropolitan Mall, Mega Mall, DLF City Centre, Ambi Mall, Omaxe wedding Mall and soon-to-be launched Vatika City Market have offered a big platform for the retailers to showcase their business acumen in retailing sector. These malls house the leading brands, cinema halls and theaters to provide a pleasing experience.

This commercial capital of Haryana has earned recognition world wide as one of the best IT and ITES destination. It is the most preferred destination for the corporate executives and the multinational companies. Lowering interest rates coupled with the increase in foreign direct investment and a positive stock boom has amounted to increase activity in the real estate sector in Gurgaon along with Delhi, Noida and other surrounding areas.

Aside from commercial, corporate and retail space, the city also provides a wide range of residential properties, including condominiums, villas apartments, independent floors, duplexes, penthouses and residential plots to cater to everyone.

Hotels and Shopping Malls:

There are a number of hotels and shopping malls which dot the city of Gurgaon. The best places to stay here are the Trident and Today Crown Plaza hotels. The concept of Service Apartments is another concept of hospitality that has taken wings in Gurgaon. Both large and small organized players are providing the best of Serviced Apartments in Gurgaon. The Leela groups, who will start their hotel operation, have also developed about 90 serviced apartments located in Ambience Island. Corporate guesthouses are also coming up to service the demand for corporate accommodation.

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