2020 has been a challenging year for the economy and also for commercial investments. Only a few sectors are likely to grow further from this repercussion without consuming time. The availability of some best commercial property to invest in Gurgaon gives a boom to Gurgaon real estate market to overcome this situation.
It's predicted that by 2025, the realty sector is likely to contribute 15% of the total GDP in India. In fact, the real estate sector has already contributed a big chunk towards the financial growth of the country.
It's a diamond-cut debate that takes side with the commercial market, instead of the residential market, for being the major contributor. The reports estimated that the commercial property investment will take a V-curve & return to normalcy by Q4'2020, and it did. Noting that NCR's commercial properties promises growth and continues to perform more than any other real estate asset class.
The report said, "Till Q1'2020, the commercial reality space was on a growth but in Q2'2020 owing to COVID crisis the sentiment remained muted, but the market will again witness an uptick in the sentiments by Q4' 2020". Again, it recovered, stood back on its legs, and started walking towards growth and prosperity.
It also noted that several areas in NCR have turned into business hotspots. The prime city which commands all the attraction and benefits in Gurgaon. There are several reasons why all MNC's are settling here. The major reason is being a premium location for commercial office spaces in NCR for almost a decade.
Now owing to its proximity to the national capital, apart from innumerable industries, small and large business houses already located in the vicinity. Well-established IT companies like Google & Ciena are also in Gurgaon. Below is the list of the best commercial property to invest in Gurgaon.
Let's focus on the recently introduced commercial property in Gurgaon Delhi NCR by big-shot developers:
Emaar Business District (SCO) by Emaar Group
Founded in 1997, Emaar is partially responsible for the development of the UAE, especially Dubai. Emaar plans things very "carefully" & "strategically". If you're planning to make a commercial property investment in Gurgaon, invest in their projects. The "EBD" or Emaar Business District is very safe and reliable.
With their new commercial launch, they're aiming to provide the best shop-cum-office experience you can get. Located in a rapidly developing area, sector 65, Gurgaon, It's an ambitious project spanning 5.7354 Acres. The plots range from 73.5 sqm to 217.81 sqm & the investments start from 4.0Cr.
Element One by Satya Group
With more than 4 decades of experience in developing properties, The Satya Group delivered over 8 million sq. ft. of residential and commercial properties across India. Their foothold is in major cities like Gurgaon, Indore, Bathinda, etc. Their new & brightly emerging project, Element One is running successfully.
Moreover, it is stretched over an area of 3 acres. It is interesting mixology of ready-to-move-in commercial properties & serviced apartments. Functioning as a place of "convenience", it is smartly located in sectors 47 & 49, and these sectors are already flourishing with MNC's, Governmental offices, and so forth.
32nd Avenue - The Galleries, by Milestone Ventures
Its chronicle in the commercial market has been strongly in existence since 1990. In the vicinity of the 32nd Village, comes a charming and one of the kinds of a project "The Galleries". Milestone Ventures has invested about Rs 25 crore to retrofit this property.
Offering luxurious F&B & Retail brands for the first time in India. They're offering lucrative deals to own a pre-leased commercial property with a flexible payment plan. The investments start from 1.80Cr, and it goes up to 3.00Cr. The leasing period is of 3 decades, is quite remunerative, to begin with. It's not trying to compete with already successful F&B hubs but it's trying to bring something new to the table. Because the NCR crowd is never hesitant to welcome new ideas and new trends in their society and in their lives.
The Chandni Chowk Mall by Omaxe
‘Omaxe’, founded by Mr. Rohtas Goel in 1987, to undertake construction and contracting business. Subsequently, the company diversified into the real estate sector in 2001 and got listed on both stock exchanges (BSE and NSE) in 2007. The Omaxe group has successfully delivered about 126.8 million sq. ft. of residential & corporate/commercial spaces in the past 3 decades.
This is somewhat an "Utterly Unique" project, as it's trying to reinvent a market that dates back to the 17th Century. As the name suggests, The Omaxe Chowk is constructing opposite Sis Ganj Gurudwara, in the very heart of Old Delhi/Delhi - 6. We don't even have to worry about the footfall or how much revenue it'll generate. Let me cut short for you... Chandni Chowk is India's largest wholesale market and it is visited by 5-6 lakh people daily and most for serious shopping.
So, businesses already have a faithful footfall, and the Omaxe group is merely trying to tap into this rich "source" of the already well-established market with gigantic footfall. Anyway, the investment for this very "interesting" project starts from 40 Lakhs. Fun fact: It's going to be the first mall in Delhi-NCR to have a centralized air filtration system.
Bestech SCO by Bestech Group
With 28 years of tenure in the realty sector, 25 million sq. ft. delivered, and 30 million sq. ft. in the pipeline. The Bestech is a promising group with a lot of aspiring enterprising to deliver. The Bestech SCO is a part of the 200-acre commercial development known as The Central Boulevard, Sector 88, Gurgaon. Covering an area of 2.4 acres, The projects are emphasizing a lot providing commercial and residential in a single package. Now, the main reason why you should think about investing in this commercial project because:
1. 100% Land ownership,
2. 100% Land Coverage & most important,
3. TERRACE RIGHTS !!!!.
With numbers of units limited to 50, they're going for "quality over quantity". Even though this project is yet to be delivered. It's still something to look out for. The sizes for the plots range from 129 - 186 SQ YD. And investment plans start from 3Cr. The catchment of this place also sounds very interesting. 5 min drive from NH - 8, 15 min drive from Rajiv Chowk, 20 mins drive from Dwarka & 35 mins drive from IGI Airport. According to the officials, it's said to be delivered in Oct 2022.
In conclusion, Delhi NCR receives about 1.9 million migrants every year from other states, and there are thousands of reasons behind it. Delhi NCR is "The" place of endless opportunities. With so many MNC's and small businesses settling in the National Capital Region. The commercial projects and developers are progressing and trying to match the pace of the rapidly progressing and highly adaptive society. And "commercial" is the keyword, here.
