Business Marketing Plan

Office Real Estate in Gurgaon-an Update

February 23, 2011

Ever wondered what exactly is this property boom at all? Just to look at trends in Gurgaon property and you get the touch. Imagine. Vacancy rates in the segment of commercial office space are as low as 1 74 per cent in this affluent suburb of Delhi, National Capital Region (NCR) today. And this is never the case that Gurgaon is not able to add new capacity in the sector. Three large commercial projects have been achieved in the first quarter of 2007, including approximately 1 million square meters of high quality office and retail properties in the city. The largest of these Vipul Tech Square built-up area of 4 lakh square meters, followed by Unitech Cyber Park, the atmosphere Corporate Park, the construction of two commercial sites. 75 lakh and 2 24 lakh square feet, respectively. Growth Drivers Demand for commercial property in Gurgaon is activated mainly by companies in IT services (ITES) and Business Process Outsourcing (BPO) companies that are enjoying remarkable success in this city. In Gurgaon, operating costs are comparatively lower than other economic centers in New Delhi, Mumbai and Bangalore and for this reason enough to go travel business giant in this city, is located in a throwaway society, a distance of 30 km from Delhi. In addition, the state of infrastructure in Gurgaon is pretty good, cut out the lack of power, resulting in 3-4 Hour of Power in the day, which is not really a deterrent, since most buildings Trade agreements have to do with the issue. In the meantime, a large number of companies amounted to pursue ambitious growth plans in Gurgaon, seeking office space and more. rental scenario Regarding the rental of an office in Gurgaon is concerned, the scene is visible service sector dominates. In fact, the segment is broadly divided into two categories, and not related to IT and computer science. The average office rent in Gurgaon for IT and ITES companies move closer to Rs 60-80 PSFT fleet still between 110 and RS 130 RS PSFT for IT and ITES not. Most important operations Recently, IBM leased the first 70 lakh square feet of office space in the newly constructed park Cyber Unitech, the largest leasing transaction in the city so far this year. In addition, GSK has committed to lease about 8,000 square feet of office space on rent in Gurgaon, near Vatika Towers. Finally, with current trends and emerging scenario, commercial rents should remain stable or progress in key areas for the next six months and no sign of collapse of the image.

Filed under: Office