Commercial Real Estate Trends and Conditions in Gurgaon

Gurgaon is the commercial capital of HaryanaThese malls house the leading brands, cinema halls
– an Indian state. It is one of the most soughtand theaters to provide a pleasing experience.
after destination for multinational companies,This commercial capital of Haryana has earned
corporate business, investors and residents as itrecognition world wide as one of the best IT and
provides world-class living standards and globallyITES destination. It is the most preferred
comparable business houses in the form ofdestination for the corporate executives and the
Business Centers and IT parks. Real estatemultinational companies. Lowering interest rates
business is growing at a speedy pace in thiscoupled with the increase in foreign direct
futuristic city of India. It can be known from theinvestment and a positive stock boom has
number of new business and residential housesamounted to increase activity in the real estate
coming up in the city. Inspired by growingsector in Gurgaon along with Delhi, Noida and
popularity, the offices are being relocated fromother surrounding areas.
unhygienic and congested industrial zones of NewAside from commercial, corporate and retail
Delhi to this trendy suburb.space, the city also provides a wide range of
Another big plus point for this city is its nearnessresidential properties, including condominiums, villas
to International airport in New Delhi, the nationalapartments, independent floors, duplexes,
capital of India, that has encouraged a lot ofpenthouses and residential plots to cater to
construction activity by several leading Indianeveryone.
construction companies that include Emmar,Hotels and Shopping Malls:
Ansals, Vatika, Unitech, DLF and MGF. WellThere are a number of hotels and shopping malls
constructed offices, residential and commercialwhich dot the city of Gurgaon. The best places to
complexes have attracted many multinationalstay here are the Trident and Today Crown Plaza
companies to shift their corporate and backhotels. The concept of Service Apartments is
offices from New Delhi's business centers toanother concept of hospitality that has taken
Gurgaon.wings in Gurgaon. Both large and small organized
Shopping malls are the latest addition in the cityplayers are providing the best of Serviced
which has made Gurgaon a preferred destinationApartments in Gurgaon. The Leela groups, who
for retailers. Metropolitan Mall, Mega Mall, DLF Citywill start their hotel operation, have also developed
Centre, Ambi Mall, Omaxe wedding Mall andabout 90 serviced apartments located in
soon-to-be launched Vatika City Market haveAmbience Island. Corporate guesthouses are also
offered a big platform for the retailers tocoming up to service the demand for corporate
showcase their business acumen in retailing sector.accommodation.