Gurgaon: A Real Estate Heaven for the Commercial Sector

The Delhi-NCR region of India has been on the forefront of uplifting real estate and taking it to a whole new level. Talking particularly about the city Gurgaon, it is safe to say that the location has been attracting many eyeballs recently and is on the verge of becoming a realty leader. Gurgaon, which has always surprised investors with unique schemes and affordable property rates, is now grabbing all the attention because of its development in the commercial real estate market. Emerging as a rising start of India’s commercial real estate, the city is a prime location for startups and various established multinational corporations.

Once considered a nondescript rural area in the outskirts of Delhi, Gurgaon is now being considered to be crowned as the emperor of real estate world. Here are a few examples of how this city is setting examples for other locations of India-

Increasing employment opportunities

With the rise of urbanization in Gurgaon, it has also received countless job opportunities over the past few years. The market has been flourishing quite well and with the rapid land development, there is nothing than can possibly bring it down. By constructing government offices, luxurious houses, restaurants, etc., in the vacant spaces, realtors are making Gurgaon a place with much diversity, which has a lot to offer to everyone. Throughout the construction process, realtors are looking out to hire more number of people to work for them. Hence, employment is driving most of the real estate expansion that is currently taking place in Gurgaon.

Escalation of jobs in IT sector

Real estate in Gurgaon is not just driven by the high-demand of office spaces but also by the people looking out to find a suitable job opportunity in the city. Most of the infrastructure that has been finalized and built by the government consist a large number of IT companies. Moreover, after the establishment of Cyber City in Gurgaon, things have become more interesting for those working in the technology sector. This has given the much-needed boost to Guragon’s economy and overall development as a Smart City.

An interesting fact is that the office spaces are being re-designed and planned by realtors so that they are able to attract more investors through modern designs. Hence, it becomes a win-win deal for everyone involved in a real estate deal whether it is a realtor or an investor.  While there are many other issues to address in the city, one thing that’s keeping everyone on edge is the booming demand of commercial properties. A more interesting fact is that developers from different cities are now shifting gears and finding a way out in Gurgaon. With higher return on investments as compared to other cities, the real estate market of Gurgaon is here to stay.

While the year 2014 was a recovery phase for real estate, 2016 is going to be a game changer altogether for real estate India. Going by the high demands and continuous expansion of commercial realty industry in Gurgaon, the city’s success is indeed inevitable.