Gurgaon, or Gurugram as it is now officially known, continues to play a significant role in luring major corporations, MNCs, and corporate giants to its constantly expanding commercial sector. The Gurgaon residential real estate market is benefiting from this, which analysts believe bodes well for the industry in the long run. Along with the Indira Gandhi International Airport, Gurgaon has good transportation connections to the nation’s capital. Also, the general ease of conducting business makes it more appealing to investors. There is plenty of development space accessible here for offices.
Despite the comparatively higher cost of living and traffic congestion, Gurgaon has constantly been able to attract more corporate and IT behemoths as well as enterprises from a variety of industries. In the National Capital Region (NCR), Gurgaon has reportedly drawn a staggering 60% of all office space demand, beating out Noida and Delhi for five years in a row. Gurgaon’s commercial success is also due to the abundance of top-notch housing alternatives, top retail malls, and leisure and entertainment options, as well as a large talent pool for businesses and an administration that is more supportive of business.
Corporate tenants in Gurgaon are already leasing newly constructed buildings as well as larger floors in the city’s major business districts and other areas. More demand for housing, employment, and consumption as well as an increase in retail sales are all inextricably linked to newer office buildings. Manufacturing, financial services, and technology industries have been in high demand for office space in the area and are looking for Grade A offices. Many of the businesses moving to Gurgaon were formerly located in Connaught Place and other South Delhi commercial districts, where they were hindered by the higher rents and limited availability of office space.
According to various statistics, Gurgaon leases about 4-4.5 million square feet of office space each year, which also reflects an increase in housing demand supported by business expansion and job creation. Golf Course Road, National Highway 8, and the fast metro line provide excellent connectivity in Gurgaon. Future infrastructure improvements include a proposed U-turn located next to the well-liked Ambience Mall. Many underpasses on motorways have also contributed to the reduction of traffic congestion. Important locations include Sohna Road, Golf Course Extension Road, and the section of National Highway 8 between the Kherki Daula and Signature Tower zones. In terms of both commercial and residential development, these important micro-markets will experience substantial expansion in the future. Gurgaon should continue to rule the business and residential sectors in NCR for a considerable amount of time given the region’s pioneering construction projects, the Dwarka Expressway and SPR, as well as the extension of the metro network.
In the coming months, Gurgaon will unveil a number of commercial projects, some of which include the following.
1. M3M CAPITALWALK
Located in Gurugram, Sector 113, M3M Capitalwalk is a display window that is ideal for every retail brand. Customers have several alternatives for indulgence on the four floors of shop space. Investors will have a successful retail potential in everything from apparel to jewellery, food to entertainment because of this one-of-a-kind architectural landmark’s superb site access circumstances, both above and below ground.
The Dwarka Expressway-M3M Capitalwalk will include the first-ever high-street experience, and M3M is ready to set the standard even higher. With 876 stores, an iconic grand exterior, and fantastic entertainment and eating options, a huge landmark will greet you. To offer each storefront more presence and exposure, the design was influenced by strip malls.
2. EBD 75A
A bustling business complex called Emaar Business District, or EBD, is located in the Gurgaon area. This beautiful location, in sector 75A, has four acres of land with world-class plaza stores and office spaces. It features nine magnificent levels in all, each with upscale dining, fitness clubs, cafés, restaurants, recreational amenities, and a business park of the highest caliber. For your sophisticated work and life experiences in Millennium City’s most promising area, this complex is excellent.
Emaar Business District 75A, popularly known as Ebd, is a customer-focused commercial plaza with ATMs, visitor parking, uninterruptible power and water backup, CCTV cameras, on-site security staff, and many more features for your seamless business and shopping exposure. Apart from the fact that it’s a good idea to have a backup plan in place, it’s also a good idea to have a plan B. The distance to Sohna Road, Main Gujjar Road, Park Hospital Road, and Vikas Margin is only a few kilometers. Emaar Business District 75A is the ideal location for shopping and conducting business since it also contains a wide range of residential complexes, educational institutions, hospitals, and business parks.
3. AIPL AUTOGRAPH
AIPL Autograph is one of the most advantageous solutions for anyone searching for corporate office space in Gurgaon and is situated in Badshahpur, Sector 66. The state-of-the-art business center is a cutting-edge building that has been professionally constructed and is furnished with all the latest conveniences you could possibly require. The project is quite proud of its stunning appearance, which leaves a lasting effect on those who see it. Business owners looking for the appropriate setup for their corporate office will find the business center’s design, environment, and location excellent.
The perfect place for your business is AIPL Autograph, which also ensures that your office has the best amenities available. With AIPL Autograph, you may imagine the ideal office you want to create and make it a reality. Corporate offices in Gurgaon are a well-known service provided by AIPL, and they are well-known for meeting the various needs and preferences of numerous business owners.
4. ELAN- Sector 106
Elan Sector 106 In Gurgaon, a development by the Elan Group that meets all of your needs, is a commercial destination designed for supreme luxury. This construction, which is situated in Sector 106 in the middle of an upscale neighborhood, is expected to draw a large number of tourists from the region as well as from adjacent locations. It is not only a one-stop retail and commercial hub since it is equipped with all comforts and conveniences, such as malls, shops, and stores, but it also offers unique business opportunities.
forthcoming Elan – Sector 106 is a construction project that is anticipated to have a variety of dining, banquet, shopping, and entertainment options. You may browse a wide variety of produced items with ease and have a better shopping experience thanks to convenient access and a thoughtfully chosen product mix.
It is intended to operate as a place for entertainment that will liven up your monotonous existence in addition to persuading shopaholics that love to shop. It offers the convenience of a one-stop shop with everything, including branded stores, food courts, family restaurants, pubs, and more. The atmosphere and simplicity of Elan – Sector 106 Gurgaon will undoubtedly turn it into a go-to spot for local families for shopping and entertainment. The project offers a working environment that you haven’t seen before.
Final Words
Indeed, Gurgaon is the center of the universe, and this city’s real estate market is at the height of its growth. Strong and favorable momentums, underpinned by a solid structural base and rising demand, are anticipated to continue to rule the real estate market in the fiscal year 2023.
The real estate Gurgaon market in Gurgaon is bursting at the seams with all the greatest opportunities. The value of real estate in Gurgaon is increasing and will continue to do so.
