Here’s why offices in NCR now prefer moving to Gurgaon

Gurgaon The city has emerged as the favourite secondary business district in the National Capital Region due to the availability of modern buildings that suit the requirements of companies and can be upgraded to superior grade-A assets. The city is the preferred destination for Indian and multinational companies in the NCR, while the central business district of Connaught Place is favoured mostly by Indian firms and those that have to liaison with the government, US real estate services firm Jones Lang LaSalle said in a note. “Gurgaon is one of the major corporate hubs in the country with the presence of nearly 500 MNCs and an even higher number of Indian corporate giants. It offers a good choice of luxury housing, world-class educational centres and healthcare facilities,” said Ramesh Nair, country head of JLL India. Some well-known names in Delhi’s central business district are expected to move to AeroCity, located on the Delhi-Gurgaon Expressway close to the airport, JLL said. The presence of high-end malls, shopping centres, multi-cuisine restaurants and the Rapid Metro System have also played a huge role in the city’s growing importance in the corporate world, according to Nair. “Fundamentals remain strong on account of healthy office space absorption and that increases the city’s position as the preferred residential destination for upper levels of management across various corporations,” he said. JLL said Gurgaon’s rapidly growing infrastructure and quality of construction, amenities, specifications and proximity to social infrastructure will continue to act as drivers for improved demand momentum.

Source: economic times



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