Commercial Office – Gurgaon Is A Preferred Destination For Overseas And Domestic Corporations

Are you relocating your office?
Setting up new business operations?
Shopping for commercial office with lower rental tariffs?
Moving in from a smaller space to a larger?
Gurgaon has a lot to offer, it is the national capital region of New Delhi, and has always been a preferred destination to overseas and domestic corporations for renting office spaces, and a very lucrative investment destination for commercial property investors. It is a corporate hub of many multinational and domestic companies from India and across the globe. The access and approach has now become better, with the metro connecting Gurgaon to New Delhi and Noida.

The commercial space developers

Dlf, Unitech, Vipul, JMD, Orchid Infrastructure etc, are some of the major real estate developers of commercial property in Gurgaon. However, Dlf is the undisputed leader for commercial office spaces, which catered to larger floor plate demands. Dlf has a large stock of commercial property like business, Information technology and Cyber parks. Some of the other prominent developers also have come up with commercial office and business parks as per international designs at different locations, there is now a wider choice for small office spaces.

The Global melt down, commercial property price correction

Commercial property at Gurgaon witnessed a price correction during the global melt down, the demands for commercial offices sales and rentals had almost dried up. Many large commercial space occupiers were forced to cut down their costs, through job cuts and relocating to smaller office spaces with cheaper rentals, especially when their businesses were getting sluggish. This price correction brought in a change and created a demand for smaller office segment.

Positive signs of improvement, but still far from recovery

Commercial property demands are now showing positive signs of improvement, especially when large and small companies have started to hire and have created job opportunities once again. Some new commercial developments by Dlf, Orchid Infrastructure, Emaar MGF, Vatika, Dhoot Developers have hit the market with their new developments, this has reversed the demand and supply balance, where the supply of commercial property has out run the demand creating large vacancies, this opens up the commercial property markets for space occupiers and investors with a wider choice, lower rentals tariffs, better infrastructure and excellent business addresses.

Lower rental tariffs

Commercial property rental tariffs are at its rock bottom never as before, the developers and private investors are more than willing to lease out their property rather to wait and leave it vacant for long period of time. Some of the properties available are in a furnished and ready to move in space, which had been vacated by large and medium space occupiers. Options for commercial office at MG and Golf Course Road, Dlf Cyber Green, South City, Sector 44, Sector 32, Sohna Road, IMT Manesar, National High Way – 8 and Udyog Vihar are full of options to choose from, they offer value for money now to tenant.

Hi, I am Prabhmeet Singh, a investor, full time broker, founder of Realty Index and a real estate entrepreneur. Apart from multi family and residential properties, I specialize in commercial and industrial property, and offer tenant / owner representation, lease administration, site locations for projects, sales and leasing brokered services. If you are looking for a commercial or an industrial property I can assist and be a wonderful resource to you.

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