Real Estate Articles
Wondering where to set up your new office? Whether you are expanding or are a fresh startup, finding the right location for workspace is a challenge, especially in a crowded city like Gurgaon or New Delhi. Getting office space in a prime location not only helps build your brand image but also your staff morale. Besides,
it ensures that your business gets the right attention and the client base it deserves.
The commercial real estate scene in Gurgaon is growing at a rapid rate and is attracting a lot of investment. The profit margins are increasing and the returns on investments are big. Some of the areas which have seen impressive development in infrastructure in the past few years are MG Road, Cyber City, Golf Course Road, Sector 44, Udyog Vihar, NH-8, Golf Course Extension Road, Sohna Road, and Manesar. These areas have a good advantage in terms of a big upsurge in commercial and retail properties such as resorts, hotels, colleges, hospitals, etc.
The social infrastructure is rapidly developing and shaping the commercial realty market of Southern Peripheral Road (SPR) in New Gurgaon. The main reason behind this is the linking of Faridabad-Gurgaon Road, Golf Course Extension Road with Dwarka Expressway, also known as Northern Peripheral Road (NPR). The SPR region is favored by many prominent real estate players such as Tulip, Raheja Developers, DLF, and Unitech, to name a few.
This posh locality is also marked by excellent connectivity to other parts of Gurgaon and NCR through Hero Honda Chowk, Rajiv Chowk and NH-8. Sectors, 74, 75 and the front faces of sectors 71 and 73 are experiencing a lot of commercial and institutional development. The location is home to the extensive DLF Corporate Greens, just adjacent to NH-8, besides other infrastructural projects around New Gurgaon and Sohna Road.
Palam vihar is another location that is fast becoming a commercial and retail real estate hot spot, with a lot of hotels, shopping malls and eating joints springing up here. Bhiwadi and Manesar located near Gurgaon are the preferred retail destination for many industrial players with lot of industries like automobile, electronics, textile, printing, and rolling coming up. As part of Haryana Urban Development Authority’s (HUDA) Gurgaon-Manesar Master plan 2021, the region is going to witness some rapid development in terms of transport connectivity.
Even though Delhi’s commercial realty scenario has been quite stable for sometime now, the existing regions are experiencing some fresh round of development. Connaught Place, Nehru Place, KG Marg, Okhla, Jasola, NSP, Laxmi Nagar and South Extension are some of the hottest areas for setting up office in New Delhi.
The bustling Barakhamba Road, KG Marg and Outer Circle are prime commercial areas in Connaught Place. They are very well connected by Delhi Metro, with the nearest Metro station just 50 m away. It is also not very far away from the New Delhi Railway Station as well as the IGI Airport. Connaught Place stands at a premium seventh place in the list of the World’s Most Expensive property locations. By holding an office in Connaught Place, you will build a prestigious image for your business, besides taking advantage of the vibrant shopping, lounging and clubbing options that the location provides.
Nehru Place is one of South Delhi’s oldest commercial locations. From visa and immigration consultancies to leading private banks and top corporate names, Nehru Place accommodates businesses, both big and small. Some of the newly constructed commercial buildings such as the International Trade Tower, offer fresh ambience and sophisticated business facilities amidst Nehru Place’s classic old constructions. Other commercial business centers constructed by Delhi Development Authority in Delhi include Bhikaji Cama Place, Rajendra Place and Janak Puri’s District Center.
Okhla Industrial Area is one of the many notified industrial areas in Delhi, which hold a special place in Delhi’s commercial map. Okhla’s phase I and II house many heavy industries while phase III is occupied by light non-polluting manufacturing units, IT centers, media houses, and software companies. Okhla with its good road connectivity and well laid out plan provides an array of options for both small and big corporates to set up office.
Saket is easily accessible and enjoys proximity to some of the elite neighborhoods of South Delhi such as Malviya Nagar, Sainik Farms and Shivalik. Home to the popular Select City Walk Mall, Saket is well placed in terms of corporate appeal and entertainment. Other prime areas of commercial realty in Delhi are Khan Market, Lutyen’s, Karol Bagh, and Vasant Kunj.