Commercial Properties in Gurgaon NCR | Gurgaon Residential Properties | Gurgaon Residential Properties
Commercial real estate has remained buoyant in Delhi NCR and continues to attract huge investments. Vikas Raj Sharma, director ofCosmic Group, speaks to Sruthi Kailas of MagicBricks.com Bureau about the scope of commercial real estate in Delhi NCR this year.
Going by the recent sequence of events, prices are bound to rise. The government is working on two crucial bills- the Real Estate Regulation Bill and the Land Acquisition Bill. In addition, they have also approved FDI in multi-brand retail. If you have new foreign investments coming, prices are bound to increase, especially on the commercial front. And if commercial rates rise, it would definitely impact the residential. Another development is the RBI rate cut. Following this, banks are offering lower home loan rates. Thus, an increased demand would definitely have a positive impact on the sector this year.
In Delhi NCR, Gurgaon has been the leader in attracting a lot of investments. Buyers tend to buy both commercial as well as residential properties in Gurgaon. Having said that, I strongly believe that Noida would surpass Gurgaon in three year period because Gurgaon is facing space crunch while Noida has the extension and well developed infrastructure. Thus, Greater Noida, Noida Extension and Noida Expressway would do well. Noida Extension has also been cleared by the authorities now and thus it would take off. Ghaziabad would also see growth. Dwarka Expressway in Gurgaon would grow further. We have commercial projects in Noida and Greater Noida as well as Gurgaon. But we have been receiving a much better response for our Noida and Greater Noida commercial projects.
Gurgaon is the major spot for commercial property in India as the city has attained the position of outsourcing hub in the world. The commercial properties in Gurgaon are the hot favorite among the business leaders as the city has become the new destination for business. With the easy availability of several commercial spaces in the city, one could have the desired choice with regard to office spaces and shops.
The growing demand for commercial property in Gurgaon arises because of close proximity to the Delhi and other NCR region. The city offers great employment and business opportunities which provokes many working professionals to move to the city for employment or for business. With the excellent location, many business concerns have established themselves or planning to establish in the city.
The Gurgaon properties offer several needed amenities and facilities with the commercial spaces. The facilities which are provided with the office spaces and shops are security, air-conditioned working area, 24 hrs backup and many more. The office spaces and shops are made available in the shopping malls and commercial complexes which are specially designed to serve the needed working space to the professionals.
Commercial real estate has remained buoyant in Delhi NCR and continues to attract huge investments. Vikas Raj Sharma, director ofCosmic Group, speaks to Sruthi Kailas of MagicBricks.com Bureau about the scope of commercial real estate in Delhi NCR this year.
Going by the recent sequence of events, prices are bound to rise. The government is working on two crucial bills- the Real Estate Regulation Bill and the Land Acquisition Bill. In addition, they have also approved FDI in multi-brand retail. If you have new foreign investments coming, prices are bound to increase, especially on the commercial front. And if commercial rates rise, it would definitely impact the residential. Another development is the RBI rate cut. Following this, banks are offering lower home loan rates. Thus, an increased demand would definitely have a positive impact on the sector this year.
In Delhi NCR, Gurgaon has been the leader in attracting a lot of investments. Buyers tend to buy both commercial as well as residential properties in Gurgaon. Having said that, I strongly believe that Noida would surpass Gurgaon in three year period because Gurgaon is facing space crunch while Noida has the extension and well developed infrastructure. Thus, Greater Noida, Noida Extension and Noida Expressway would do well. Noida Extension has also been cleared by the authorities now and thus it would take off. Ghaziabad would also see growth. Dwarka Expressway in Gurgaon would grow further. We have commercial projects in Noida and Greater Noida as well as Gurgaon. But we have been receiving a much better response for our Noida and Greater Noida commercial projects.
Gurgaon is the major spot for commercial property in India as the city has attained the position of outsourcing hub in the world. The commercial properties in Gurgaon are the hot favorite among the business leaders as the city has become the new destination for business. With the easy availability of several commercial spaces in the city, one could have the desired choice with regard to office spaces and shops.
The growing demand for commercial property in Gurgaon arises because of close proximity to the Delhi and other NCR region. The city offers great employment and business opportunities which provokes many working professionals to move to the city for employment or for business. With the excellent location, many business concerns have established themselves or planning to establish in the city.
The Gurgaon properties offer several needed amenities and facilities with the commercial spaces. The facilities which are provided with the office spaces and shops are security, air-conditioned working area, 24 hrs backup and many more. The office spaces and shops are made available in the shopping malls and commercial complexes which are specially designed to serve the needed working space to the professionals.
