The new-found commercial hub of India, Gurgaon, is one of the most well developed cities in the country. Within a decade, Gurgaon, one of the most happening markets in Delhi-NCR, has seen some of the major upswings in its property market. The rates of the commercial as well as residential properties are typically very high. Also, what makes the city more popular is its close proximity to the airport, which even gives an edge to Gurgaon over the other major cities in India.
Why the property rates in Gurgaon are very high
The real estate prices of Gurgaon are, undoubtedly, much higher as compared to other cities of India. This is mainly due to the development of countless industries and multi-national companies in Gurgaon. These firms require commercial properties in order to set up their different offices in the city. This has led to an increase in the prices of commercial properties. Besides that, people from all over India live in Gurgaon to work in these companies. Because of this, there is also an increased demand regarding the residential property, which includes flats, apartments, and condos.
The ever growing corporate culture in the metropolises of India is also responsible for the demand of commercial space, especially in India’s fastest developing suburban, Gurgaon. From the largest to the medium-sized, all kinds of companies want to occupy even the tiniest space available to reap benefits of the rapidly developing city.
Gurgaon, also called the Singapore of India, has, for sure, emerged to be the focus of major companies and BPO’s in the northern part of the country. Also, with the arrival of the top-notch MNC’s and Fortune 50 companies such as Pepsi, Genpact, Genesys Telecommunications, Ranbaxy, Coca Cola, HP, Nokia, etc., there has been an increase in demand for commercial space witnessed over the past few years.
Other than that, what also matters is the location of the city. Gurgaon is well-located in the National Capital region and is just 15 kms from the New Delhi International Airport and is very well connected to all the facilities of the National Capital. Besides that, Gurgaon offers a hi-tech and conducive corporate environment that makes it the favorite destination for many business enterprises. The commercial property market of Gurgaon offers modern infrastructure and amenities developed by leading real estate developers like Unitech, DLF, Vatika and Vipul.
Real estate prices in Gurgaon are soaring new heights each year. Although big companies can easily afford to buy a fully furnished property to launch their base in the city, small companies prefer renting corporate spaces to reap the benefits of this rapidly growing commercial center. In Gurgaon real estate, commercial rental properties are easily accessible with necessary services security, data wiring, internet connectivity, housekeeping and utilities and electrical provisions. So, one does not need to fret about the initial investment for furnishing the property with basic amenities and utilities.
Also, to meet the increasing demands of commercial rental properties in Gurgaon, real estate players have undertaken many middle and high-end projects at Old Gurgaon road, Gurgaon Sohna Road, MG Road and Golf Course Road. Not only upcoming companies but also global organizations consider the alternative of renting a property than buying it, as the returns in leasing or renting are much more profitable. Besides that, investment in commercial real estate in Gurgaon has become a lucrative option. One can reap great benefits from your noble idea of investment in a commercial property in Gurgaon than just sale and purchase of residential properties including homes and apartments. As Gurgaon now is a home to several MNCs and BPO firms, an investment in commercial real estate in Gurgaon will definitely be a beneficial deal.
So, commercial property in Gurgaon can be your productive investment in a number of ways –
- You can make profits through renting it out to businesses.
- You can establish separate income sources apart from regular earnings.
In the end, do remember that after buying commercial real estate in Gurgaon on most attractive rate, you can maximize your profits through upgrading commercial property with required infrastructural and interior modifications. Then, you can again sell your Gurgaon property on the most preferred rate.
Investing in the commercial realty market of Gurgaon is definitely a profitable choice.
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Source by Sukhpreet Kaur