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