Commercial property in Gurgaon are always on top of the demand charts in NCR region. Large number of property investors invest their money in commercial property in gurgaon with assured return and office space. Commercial property have big advantage of capital appreciation and much higher rental income compared with residential property.
Commercial properties in Gurgaon are being seen as smart investment in these days and many people invest in prime locations of Gurgaon like MG Road, Golf Course Road, Gurgaon-Sohna Road, NH-8 etc, as they give more rental income compared to residential property.
The impact of the low economic sentiment and the rising inflation rate on the real estate market and the attractiveness of a Gurgaon’s business environment can largely be gauged by evaluating the sale of commercial property in Gurgaon. The sentiment towards commercial real estate investment in Gurgaon remains favourable. The mood of investors is positive as there is a sense of stability due to the recent measures like the opening of FDI in retail. The retail sector is forecast to grow because of this announcement.
Commercial Office Space in Gurgaon
Gurgaon recorded around 2.2 million sq. ft. of office space absorption in the third quarter of financial year 2012. This is much above the average quarterly absorption of the NCR commercial market, which ranges between 1 million sq ft to 1.5 million sq ft. Some of the prominent transactions that took place in the third quarter of financial year 2012 were by McKinsey, Ericsson, Income Tax Department, Samsung Electronics, Daffodil Software, Wipro, and KPMG. These constitute nearly 1.1 million sq ft of the total office space absorption.
Considering the level of pre-commitments and the fact that transaction activity is typically conservative in the final quarter of the financial year, demand is expected to improve in the latter half of the year.
The hottest locations like Golf Course Road, Golf Course Extension Road, Dwarka Gurgaon Expressway, and main Gurgaon-Sohna Road have registered great demand for state-of-the-art commercial properties in Gurgaon.
Top developers like DLF, Unitech, Ansal Group, Vatika, Vipul, Hines, Paras, etc, have come up with world-class commercial projects in the Millennium City. Ansal is coming up with HUB 83 in Gurgaon, which will offer retail and office spaces, while Ansals Town Walk offers high street retail-cum-corporate spaces on Dwarka Expressway in Sector 104. Apart from these builders there are some small builders also who provide Commercial Property in Gurgaon for Sale.
Orient Bestech Business Towers, on NH-8, Gurgaon, have been created keeping in mind the growing requirements of IT/ITeS firms. The project offers nearly 6.25 lakh sq ft of contemporary working spaces spread across two towers. Commercial Hub by Bestech offers floor plate ranging from 15,000 sq ft to 20,000 sq ft with retail space on ground floor for banks, ATMs, and restaurants.
ABW Business Bay, a commercial project by ABW Group along NH-8 in Sector 83, Gurgaon, offers retail, restaurants, shops, and office spaces. Floreal Towers, with a floor plate of 20,000- 60,000 sq ft, is located in New Gurgaon and is over 7 acres with around 5 lakh sq ft of retail and office space. This stateof-the-art office-cum-retail complex by Orris is spread over two towers.