Gurgaon

Gurgaon is experiencing rapid commercial development and the professional workforce prefers to stay in the vicinity of their respective offices. As a result, residential property highlights an upward trend. There is an versatility in the Gurgaon residential properties be it penthouse, apartments, villas, condominium, independent floor, duplex or other residential plots.

Initiated by developers like DLF, Ansals, Unitech, there are developed plotted townships like DLF city, Palm Vihar, Sushant Lok, South City and many more. Several other township projects are in pipeline as outlaid by eminent builders. Their has been increase in both the capital and rental value of the residential property.

Gurgaon's real estate value soars high when it comes to industrial property. The city is home to numerous industries like cement, distillery, fertilizer, leather, pharma, pulp & paper, pesticides, sugar, etc. Gurgaon is also accredited with Hero Honda Bike manufacturing unit, corporates like Maruti Udyog, Saint Gobain and many more.

Special Economic Zones (SEZ) is also one of the crucial part of the industrial property in Gurgaon. Government wholehearted support has changed the real estate demand - supply scenario in the city. Today, the city is the prime commercial destination and in the regional development for NCR, it is center for non polluting high technology industries.

When it comes to commercial property, Gurgaon is giving tough competition to Delhi. This suburban city has outshine Delhi as, it gives low grade spaces with high real estate prices while, Gurgaon offers world class quality real estate. The commercial growth spill of Delhi is shifted to Gurgaon.

In 2001-2003, Gurgaon witnessed mall culture / mania and is catering to other cities as well. Larger floor plates with with ultra modern finish has made the city a commercial offices hub. With high occupancy rate in Gurgaon highlights the activeness of the commercial market of the city. Along with IT and ITES companies, other corporates in financial institutions, insurance, consulting, etc. also forms the base of commercial property in the city.

Along with corporates, the existence of retail sector, hotels, malls, specialty malls( like for jewelry (Gold Souk Mall), for wedding requirements(Wedding Mall), etc. has also contributed in the hike in the commercial property of Gurgaon.