Gurgaon Epitomises The Next Gen Of Commercial Realty

Mumbai: Gurgaon has rapidly positioned itself as one of the leading commercial hubs of India and has been luring international brands that are planning to expand in this region.

There are several reasons comprising the growing attraction of the city as a business destination and appeal to international companies. Firstly, its position in the National Capital Region (NCR) gives Gurgaon easy access to Delhi city and the major international airports that serve essential global operations of businesses. What makes Gurgaon a better destination is its extensive transport infrastructure including highways, extended metro lines with future development plans such as the Delhi-Mumbai Industrial Corridor, and the very advanced infrastructure itself. It offers excellent office space, tech parks, and co-working facilities in all possible ways to meet the demands of modern businesses. New standards have been set in the real estate market through high-quality commercial developments like Cyber Hub and DLF Cyber City tailored for multiple requirements of multinational corporations. Furthermore, supportive government policies, such as low taxation and single-window clearances, have fuelled Gurgaon’s growth as a business hub.

Talking to Bizz Buzz, Sher Singh Rathore - Founder of Bric-X Infra says, “The city's strong workforce, driven by proximity to top educational institutions and the cosmopolitan lifestyle, has made it very easy for international brands to attract the best talent easily.”

With a growing population, largely due to increasing consumer demand, along with a vibrant tech industry and several urban development projects in the pipeline, Gurgaon seems to be priming itself to be an invincible magnet for the world's businesses, he said.

Not only does it boast the finest office space for companies looking to enter the fast-changing Indian market, but it also offers a ready ecosystem for growth and innovation.

Constructed post-independence, Gurgaon has become an epicentre for commercial real estate with global corporates intending to set base or expand their footprint in India. Net export of capital and goods combined with proximity to the capital town and ability to connect effectively to Indira Gandhi International Airport and detailed metro and road networks present India as an attractive opportunity to set base. Gurgaon has world-class infrastructure, modern office complexes, and ultra-modern tech parks which fulfill varying global business needs.

Svaraj Anand, COO, Neo developers says, “What makes Gurgaon different is its focus on providing premium commercial shells including ready-to-use flexible work stations, latest IT systems and energy efficient architecture. What’s even more interesting in addition to world class corporations and startups calling Gurgaon home, so do luxury residential neighborhoods, upscale shopping centers, exciting hotels, and much more.”

To add to that, the presence of Fortune 500 companies and known brand startups is a great combination with a lot of possibilities which any global company won’t want to miss out in tapping such a huge Indian economy, he added.

The growing popularity of Grade A office space in Gurgaon can also be attributed to the high relative value as investment with reasonable prices in comparison to other metropolitan cities across the globe.

For international companies aiming to establish a strong foothold in India, Gurgaon provides not only office infrastructure but a learning environment that can lead to rapid scale.

Gurgaon has emerged as a premier destination for international companies seeking vibrant business centers. Given its strategic location close to Delhi, efficient connectivity through NH 48, and the upcoming Rapid Rail Transit System, access to the nation's capital and other key areas will be relatively easy. It is not surprising that more than 250 Fortune 500 companies now have their presence here, which includes some of the major financial institutions and global tech firms.

Abhishek Raj, Founder & CEO of Jenika Ventures says, “The city is equipped with a strong infrastructure, making its buildings energy-efficient, smartly equipped with amenities, and modern office spaces constructed to international standards.” Well, along with an attractive rental rate that floats around 8-10 per cent per annum, Gurgaon forms an attractive business proposition. For instance, locations like Golf Course Road and Cyber City are in huge demand as there's a business-friendly environment and a rising talent pool from every corner of the country adds to its attraction, he said.

The present trend in Gurgaon is toward office spaces adopting hybrid working models and thus offering flexible, high-tech solutions. Having such a phenomenal retail scenario and, most importantly, very high consumer spending power, Gurgaon is one of the best destinations for companies wanting to enter the Indian market. In this increasingly globalised economy, Gurgaon epitomises the next generation of commercial real estate.