Gurgaon is not only the sixth largest city in the Indian state of Haryana but also is a sprawling megacity, as well as a growing industrial and financial center in the realm of the country. The city, in the period of last 20 years, has grown to a great extent and by now has become a leading manufacturing, outsourcing and shopping destination on account of its world-class infrastructure at competitive prices and its strategic location.
Gurgaon is also witnessing a great increase in the number of BPOs, KPOs and shopping malls in the domain of the city along with a rapid growth in employment prospects and local wages, leading to a mushrooming of shopping malls, swank restaurants and entertainment facilities. This has not only led to the emergence of a vibrant, cosmopolitan, more affluent and better educated population but also has stimulated the real estate sector of Gurgaon. Well, the same picture is prevalent at various corners of India and Gurgaon has reached great heights already. The rising corporate culture has given rise to the demand of commercial space and as a result both residential and commercial real estate sectors are witnessing tremendous rise in demand and growth.
It has been found that companies, ranging from biggest to small ones, are vying these days to take hold of appropriate space and for this reason the city-based property management groups are finding it difficult to deal with copious (also increasing) clients. Keep in mind presence of top-notch MNC's and Fortune 50 companies like Pepsi, Genpact, Genesys Telecommunications, Ranbaxy, Coca Cola, HP, Nokia, have intensified the demand of commercial space to a great extent.
It's the time, therefore, to look at the commercial real estate sector. As per studies, commercial real estate sector of Gurgaon brings forth modern infrastructure and amenities developed by premier real estate developers. These include Unitech, DLF, Vatika and Vipul. What are the existing property rates then? Well, they are growing with the passing of each year and it seems that the rising status of Gurgaon will continue to make a good impact in the real estate sector in the coming years. There is also a striking aspect. While the giants are opting for purchase of fully furnished property to establish their bases in the city, small firms have preference for renting corporate spaces. This new aspect has increased rates of rent in and around the city considerably.
These days the commercial rental properties are available with necessary services security, data wiring, internet connectivity, housekeeping and utilities and electrical provisions. For this reason, one does not need to worry about the initial investment for furnishing the property with basic amenities and utilities.
Lots of middle and high-end projects, under the auspices of real estate developers, are continuing at full strength or intensity in different parts of Gurgaon property. They are Old Gurgaon road, Gurgaon Sohna Road, MG Road and Golf Course Road. On the other hand, not only upcoming companies but also global organizations have a preference for renting a property than buying it, as the returns in leasing or renting are money-spinning.
source: http://www.ezinearticles.com/?Gurgaon-Real-Estate
0 comments:
Post a Comment