When we talk about the best real estate investment opportunities in Delhi/NCR, the Millennium City Gurgaon has always been on top of the list. Developing infrastructure, good connectivity and a multitude of property options has made Gurgaon so popular. The city has had its fair share of residential real estate in the past and, of late, commercial real estate in Gurgaon is also quite sought-after among investors. They have shown special interest in office spaces for investment.
So, here we will talk about why one should invest in office spaces in Gurgaon.
Ever since real estate development started in Gurgaon about two decades ago, the government has also worked hand-in-hand by improving the physical infrastructure and social amenities in the city. A place which was nothing more than a piece of barren land now boasts of some of the most brilliant skyscrapers and commercial buildings. Gurgaon is also seamlessly connected to other neighbouring areas, thus making commuting easier for the people.
The state of commercial real estate in Gurgaon is also soaring high and there is unprecedented growth. Golf Course Extension Road, Sohna Road and several other sectors of the city already attract a lot of white-collar workers from Delhi, Faridabad and even the nearby parts of Rajasthan and Haryana. Seamless connectivity has made all this possible. In this highly commercial zone, investing in office space will give wonderful yields.
Previously, people were averse about investing in real estate as there was a lot of fraudulent activities going on. But with Real Estate Regulatory Authority (RERA) in place, the situation has improved for the investors as well as the developers who believed in fair dealings. There is transparency in the transactions and Gurgaon real estate market has become quite regularized which has improved investor sentiments.
Though the excess supply of commercial real estate in Gurgaon has pulled the property rates down, the situation is still good for investors. Those who have invested in office spaces in Gurgaon are all set to enjoy handsome returns on their investment in the coming time. More and more MNCs and domestic companies are looking forward to set up offices in a commercially advanced area and Gurgaon meets that need. Due to high demand in the future, property rates are going to shoot up thus giving excellent returns.
So, if you are looking to make an investment, an office space in a good locality of Gurgaon should be the best bet for you.