What makes Gurgaon the new office address?

Gurgaon, a city that is also famous as being the next IT hub of India to Bangalore, the city is a key location for international brand malls, Multi National Companies’ giants such as LinkedIn, Google etc. With the presence of so many big names, the property industry in the city has also grown considerably there too. The prices of both residential and commercial spaces have grown substantially even when the realty industry in the metro cities of India is not giving a very promising return.

 

Gurgaon is in present time known as to becoming the future centre of realty in India. With the industry’s prime corporate like Mahindra, DLF etc. putting funds for developing contemporary living and comfortable working spaces in Gurgaon, value of realty in this city is expected to get very high and soon it will be famous as the prime city in India to have a corporate office in.

Top Companies developing their commercial and living spaces in Gurgaon in 2014 and the next years 

Top companies in the realty sector are making investments to develop spaces for both living and working in Gurgaon.

1.      High end properties are being delivered in the NCR region of India in the price bracket of Rs 10 Crore. Such as, villas plus commercial spaces in Marbella which is Emmar MGF’s future project in Gurgaon will be in the price range of Rs 9 to 12 Crore.

1.      After proclaming an increased range of earning from real estate industry in India, Mahindra Lifespace Developers have designed a project in Sector 59 of Gurgaon. Their research said that due to the positive market emotions, both housing and commercial real estate investors in India are hopeful about the returns from Gurgaon’s realty property. Most of the inquirers are the end users (corporate houses) with a high range of profit. 

1.      Noida focused builder Supertech has bagged $65 Million (Rs 400 Crore) with the realty company Xander Group which is Singapore based, the companies officials mentioned. The investment will be used in the upcoming township and the group housing plan of Supertech that will be located in Sector 79 of Gurgaon. The company plans to develop villas, plots and independent houses in a community spread across 140-acre land for an investment of approximately Rs 1,100 Crore. The project is in relation with the company’s idea of developing complexes in Gurgaon. The builder has decided to initiate around four to five projects in Gurgaon, making the limelight transfer from the Noida region. The real estate company, which has around 90 Million sq ft of area development in progress, has three plans: 48 Canvas, Hues and Araville, which will all be launched in Gurgaon, with Hues recently added to its Gurgaon portfolio. It is also in talks with Kotak Company to come up with Rs 200 Crore for yet another project which will be based in Sector 68 of Gurgaon.

1.      37D area of Gurgaon is gaining attention of high end builders like the AMB Group, who are coming up with AMB Selfie Square in 37D, Gurgaon. The project which will be developed in an area of 4 acres will provide commercial spaces at a price range of Rs. 8000 – 12,000 sq. ft.

 

1.    DLF, which is one of the India’s largest real estate companies, have launched its new prime residential plus commercial houses at Sector 81 in Gurgaon. This project will be one of the other similar plans based in the DLF Garden city which is a 600 Acre of land which includes entertainment, education, commercial, residential and retail projects in the 81 to 92 Sectors of Gurgaon. The project has around 23 acres of land with 85% of open areas. It is planned that there will be 922 flats in the 18 towers of 29 floors each. The price of these houses is expected to fall in the range of Rs 1.66 Crore.

 

     While it is a good option to have your own commercial space among companies like Google, Madison Avenue and Accenture etc. But for those who find Gurgaon on the expensive side or you are the one who is looking to go into a startup and cannot afford the expense, you can always buy a flat in Noida and use that as your office space and use the earnings in buying a commercial property in Gurgaon.

 

Tripti Rai, a keen observer who writes for 99acres.com and swears on fiction readings. Professionally working with a concentrated focus on real estate sector, she keeps her readers informed about latest developments in real time through her writing. When found not writing or reading, she is busy thinking about the next book or writing inspiration. You can find her on G+ and LinkedIn.