Commercial property prices in Gurgaon, India have increased by around 26% over the last decade and are priced at an average of Rs. 6,500 per square feet. To be able to understand how this price is determined and what factors contribute to the value of a commercial property in Gurgaon, find out more in this article below!
Gurgaon is considered to be the fastest-growing commercial hub of India with a large number of industry giants making efforts to acquire commercial property for lease in this mega city. Companies of all sizes and magnitudes from across the globe are establishing highly sophisticated offices with world-class amenities and facilities. Over the past 10 years, the demand for commercial property in Gurgaon has reached a new high for the following reasons:
- It has an ideal location that suits all types of businesses and commercial activities
- The close proximity with the international airport
- World-class roads and connectivity to railways
- Foreign investors’ interests in the city.
These advantages and benefits for most national and international industrialists and foreign investors have contributed hugely to the popularity of the city as an industrial hub. The demand not only for commercial but also residential property is also increasing by leaps and bounds in the city because professionals from across the world are landing in the city for work and a large number of other purposes. This has created a new high in the demand for residential properties in the city. Along with building mega commercial structures, some top infrastructure developers in the city of Gurgaon are also building world-class residential complexes.
Commercial property for rent in Gurgaon has tasted real success after some well-recognized and respected real estate developers built incredible and innovative structures in the city. All the structures designed and developed by these top developers reflect the global quality architecture, technologically advanced features, and classy facilities and amenities.
Here are the reasons in detail that make Gurgaon a destination choice for all types of commercial ventures:
Location, Connectivity, and Infrastructure
The city of Gurgaon on a regular interval receives upgrades in developments that give a great push to its already towering stature in the field of infrastructure. Apart from a unique location, the city is well-connected to the national capital by roads, metro, rapid metro, and intercity rail. A large number of private buses, mini buses, and shuttles operate between Gurgaon and other parts of the national capital region (NCR).
High Standard of Living
One of the primary reasons why people are looking for commercial property for lease in Gurgaon is that people have a high standard of living there and most of them spend their free time in big shopping malls and shops. As a result, heavy footfall is recorded in all commercial segments followed by high revenue even by a normal shop. Over the past few years, there has been a paradigm shift in people’s thinking as well as lifestyle. They are focusing on big brands which they find only in the premium shopping malls. All the luxury demands of the people are easily fulfilled in the shopping malls and that in turn encourages investors and business owners to invest in commercial property in Gurgaon.
An insight into the positive future
Be it a new start-up or a well-established company, every business is willing to set up its office in Gurgaon due to a positive insight for the future. It is because the future belongs to Gurgaon. The government of Haryana is also extremely particular about the infrastructure in the city and is doing its best to make the city an ideal destination for business owners. More and more police stations are being increased, new power transmission centers are being established, and the extension of the city is also being planned to keep in view the requirements of the future.
It is one of the leading infrastructure developers in Gurgaon with its own land in the city. AIHP is the best-in-class solution for the management of a world-class workplace environment. The company is known for flourishing the real estate of Gurugram and while working on the unique concept, AIHP is the leading office space provider that provides commercial property for lease. The company is known for its world-class office spaces and liveable working environment.