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Gurgaon: The hub of Commercial Real Estate

Gurgaon: The hub of Commercial Real Estate

gurgaon-2For any commercial development to be successful, it is very imperative that it shares a good location, connectivity and infrastructure. Being the neighbour of south Delhi, Gurgaon always received the best before others. As a result, today Gurgaon is considered as the commercial hub of NCR. It takes decades of experience and effort to renovate a city and develop it into the best place to be. Gurgaon is a result of joint efforts made by public and private bodies that understood the rising demand for real estate and noticed that Delhi could not accommodate further. The central and south Delhi regions have always been the dream destinations for investors, corporates, industrial giants and most importantly; foreign ventures. Sharing its boundary with south Delhi, Gurgaon has always been therefore, the most looked upon destination for development and thus, it was the primary aim for the authorities to provide a much needed infrastructure and, the real estate touch been given by private players. Amongst the early birds, Ansal Housing, DLF, Emaar and few others helped in shaping up the region into the next big thing; and today we see most developers trying to get at least one of their projects in the city.

 National HiehgwayIt can be observed that Gurgaon today is divided into several clusters in which each cluster is developing with unique set of amenities. The most prominent clusters today are NH 8, Dwarka Expressway, Pataudi road and Sohna. One thing that is similar amongst all is the demand and supply for commercial real estate. Gurgaon as a destination has always been the best place for commercial investment. It started when the city had a lot of industrial development followed by the development of cyber city which attracted a major chunk of IT companies and setting a benchmark in the region. Then onwards, the demand for commercial real estate has always been on a rise. Even today, every developer plans to launch a commercial project before any other. Today, there are over 50 developers present in the region and over 75 commercial projects in offer. Ansal Housing, DLF, KPDK Buildtech, VSR, ILD, Ireo, Spaze, Vatika, Raheja, and few are amongst the ones offering best commercial deals in the region. Major part of commercial development can be sighted in sectors like 37, 48, 47, 72, 73, 81, 94, 95, 96, 97, 86, 87, 89, 9, 10, 100, 101, 102, 104 and more. KMP expressway, Dwarka expressway, FNG and NH 8 has provided a gigantic boost to the commercial projects in the region along with the presence of IGI airport, metro, rapid metro, ISBT and much more.

Gurgaon has seen a tremendous work on the infrastructure lately and the entire city looks very well connected with Delhi, Noida, Faridabad and other regions as well. This has added to the demand for commercial properties in the region. A commercial property is in demand when it has a supporting infrastructure along with great connectivity. Ansal Housing, the benchmark of Indian real estate has two ongoing projects in the region. Ansals Townwalk, a commercial offering by Ansal Housing is located on the 150 mtr wide Dwarka Expressway in Sector 104, Gurgaon. The project is a true pride of corporate presence and the premier lifestyles destination for shopping & dining out. The magnificent structure will be replete with modern offices of various floor areas, dazzling showrooms and plethora of dining out options. Speaking of company’s other commercial project, Ansals HUB 83; retail will take an all-new dimension by emerging beyond just being a commercial activity, into a family’s day out destination. With a variety of top-notch brands under one roof, the company is ready to offer yet another high street retail to its customers. Immaculately planned offices will also be available at Ansals Hub83 for meeting the needs of large corporate houses as well as professionals. Efficient internal planning for zero-wastage coupled with state-of-the-art facilities will make it the most coveted business address for sure. Yet again, the location of the project is in close proximity to NH 8, giving it an unmatched location advantage. Kushagr Ansal, Director, Ansal Housing says, “Commercial properties are today’s need of hour in Gurgaon. The region has got stunning infrastructure and connectivity within and outside the city to provide access to commuters and residents. The scope for commercial real estate is massive here as we see a lot of MNCs and corporate tycoons stepping in with offices and headquarters in the region. Having several expressways and highways surrounding the city, commercial real estate gets the maximum boost along with capital appreciation”.

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Project by KPDK

Another context of looking at the successful commercial aspects of Gurgaon has been the return on investment. Three decades before, the region was no less than village and forest. With some rapid work carried on through PPP; the region has been completely renovated. Gurgaon is registering the quickest growth in the real estate sector in the entire country as we sight many developers launching new projects in the region. The prices of properties have gone up by over 50 percent in the last five years and do not look to remain static or decrease; and thus, investors have their eyes and hands all set to sit tight in the region. Be it a short term, midterm or even a long term investor; everyone has got lots of options to choose from and ample of time to plan and invest and thus, the return earned by them causes the demand to go further north. In view to this, a new entrant in the NCR real estate market, KPDK Buildtech is coming out with its maiden project ‘Newtown Square’, which is commercial by nature. Newtown Square by KPDK Buildtech is ready to revolutionize the meaning the commercial real estate in NCR. The project literally has several jaw dropping facilities in the project such as a banquet, high street retail, service apartments, multiplex, food court and much more that make it a unique combination and that also, all under one roof. The company will be offering a 12 percent assured return on shops and service apartments which makes it the best deal for the investors. The project is located at Sector 95 A on main Pataudi road and hence, provides it with an incomparable location and connectivity advantage over any other commercial project in the region, being in proximity to KMP expressway, NH 8 and Dwarka expressway. M. K. Gupta, Chairman, KPDK Buildtech says, “Gurgaon has been redefined as a destination for commercial properties. The work of the authorities on the infrastructure has made it possible for the developers to offer commercial projects and present the customers with unique facilities. Our projects stands bang on the main Patuadi road and thus it receives a massive footfall by the commuters from almost every nearby region like Delhi, Noida, Manesar, Palwal, Faridabad, Kundli, Dwarka and due to NH 8 being extremely close; we are able to cater to farther regions including Jaipur”.

Looking at the past, present and future ways of development in Gurgaon; the city is soaring with commercial properties because of location, capital appreciation, connectivity and infrastructural features. With such rapid paced development and acceptance by the target audience, time is not far when Gurgaon will become the commercial nucleus of India.

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