Eco-Friendly Growth: Why Gurugram is Leading India’s Sustainable Commercial Real Estate Market.

By Dr. Renu Singh, Director – Sales & Marketing, Aarize Group

Gurugram, which was earlier known as Gurgaon, has in a true sense epitomized the fast pace of urbanization and skyward economic growth of India. In recent years, the city has gone through a property boom, and become a lucrative destination for property investors.

World-class infrastructure, excellent connectivity, strategic location, and supportive government policies have made Gurugram a hotspot for commercial real estate, attracting multinational corporations, start-ups, and top-notch companies. 

A good location always triggers property appreciation, rental yield, and ROI. In Delhi-NCR, Gurugram is blessed with being closer to the national capital which can reap substantial returns even with a small investment in commercial properties. 

As Gurugram could witness a significant rise in its population, projected to around 5.5 million residents by 2041 by an estimate, the Gurugram Metropolitan Development Authority (GMDA) works earnestly on holistic infrastructure development to cater to the needs of its demographic influx.

Recently, scores of infrastructural projects have been launched in the city, focusing on vital sectors like healthcare, education, recreation, socio-cultural amenities, and public safety.

It aims to enhance the quality of life for all residents and cultivate a conducive environment for commercial hustling-bustling while empowering residents to thrive and prosper.  

Gurgaon was earlier known as a hub of call centers, but it has now transformed into a Millennium City. It offers a wide range of commercial properties fitting for different budgets. From iconic office towers and industrial parks to small provision stores, Gurugram has numerous boroughs ideal for commercial real estate investments.

According to real estate service firm JLL report, Delhi-NCR leads Indian cities in office leasing activity with a gross leasing area reaching 4.03 million square feet in the first quarter of FY 2024-25 while Gurugram showing strong performance. It signifies the city’s vibrancy and dynamic commercial business landscape, making it the dream destination for investors.

 Owing to a wide range of business options, Gurugram has been deemed a hotbed for investors from both India and abroad. Commercial properties have shown high returns. Whether it is a retail store or high-end mall or a tiny warehouse, the returns, as industry experts say, will be impressive. According to a report by Colliers, the rental value of commercial real estate increased 20 percent in NCR, Bengaluru, Pune, and Mumbai for Q1 2024.

Moreover, Shopping-cum-Office (SCO) culture is integrated into Gurugram’s commercial real estate market. It has become an emerging asset investment choice for investors looking for high returns. In the last two years, a staggering 71.6 acres of land has been earmarked for SCO development in Gurugram, expanding at the rate of 30 to 40 percent annually.  

 All in all, Gurugram has emerged as a powerhouse in the commercial real estate sector, offering a multitude of advantages to investors and businesses alike.

At the heart of its appeal lies its exceptional connectivity, with smooth access to major highways, an efficient metro system, and proximity to the international airport, facilitating prospering business operations and hassle-free commutation.

Investors are drawn to Gurugram’s commercial real estate for its potential for high returns. The city has consistently shown strong appreciation in property values and rental yields, outperforming many other Indian cities.

This growth is further bolstered by supportive government policies that encourage business development and foreign investment, creating a favorable environment for real estate investment.

The city’s continued development with upcoming projects and new sectors, including Dwarka Expressway, promises sustained growth and opportunities. A strategic investment in Gurugram’s commercial real estate market not only promises financial rewards but also positions businesses at the forefront of India’s economic growth story.