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Gurgaon tops commercial segment

Gurgaon has seen some unprecedented growth in the commercial sector during the past couple of years. The suburb has emerged as the top commercial destination in NCR housing maximum number of IT/ITeS companies. According to Vrijesh Mishra from Vserve Properties, “The commercial capital values have almost been doubled in past couple of years while the leasing values have increased up to 4-5 times.” Availability of Grade A commercial set-up, increasing connectivity and enhanced demand are the major drivers of the real estate, he added.

“Gurgaon and Noida contributes to nearly 88 per cent of the upcoming office supply, but looking at the present figures, Gurgaon commands slightly higher demand and is more commercially viable in comparison to Noida,” says Vipin Goyal of Property Junction.

“There is a shift in the trend since the past couple of quarters because of more availability of office spaces in the other NCR areas such as Greater Noida, Kundli, Manesar, and Dwarka Expressway providing affordable options. But still, Gurgaon leads the commercial market and witnessed more number of transactions than these other locations,” says Mishra. Areas such as Sohna Road and Golf Course Extension are the upcoming office spaces in Gurgaon. Peripheral business districts in Gurgaon continued to be the preferred locations for companies. Office buildings in these locations not only offer large and contiguous floor plates, but also have wide range of amenities within the premises, he added.

Apart from IT, manufacturing and service sectors are the two major players fuelling the commercial sector.Gurgaon market not only promises better workforce in terms of intellectual capital but also cheap labour.

DLF,Capital, Unitech,Baani, Vipul, Vatika, JMD, Omaxe Parsvnath, and Suncity are some of the active developers in commercial sector in Gurgaon. The current capital values of office space at Sohna Road and sector 48 ranges from Rs 4,500-8,000 per sq ft, while in premium locations such as DLF Phase-I, Udyog Vihar, M.G Road and Golf Course Road the values have reached up to Rs 14,000-28,000 per sq ft. The leasing value too varies from Rs 80-150 per sq ft per month.

Growing demand and expansion in the commercial sector has extended the development to Manesar and areas along NH-8. This trend is expected to continue and investments are estimated to yield positive returns as anticipated.

K & T Realty Services Pvt. Ltd. India-- 18001031133

THE CAPITAL CITY SCAPE, CAll-9810007659

The Capital City Scape is a unique retail destination part of premium commercial destination located in the heart of Gurgaon, on the 150 m wide Golf Course Extension Road at Sector-66, presenting an unrivalled collection of fashion, food, entertainment & lifestyle, the best the world & the region has to offer. Indulge in a unique shopping experience spread over 135,000 SFT, with boutique stores which are a part of lifestyle development offering the worlds most original, revered & influential brands.

The top most brands will be a part of this boutique retail arcade

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» State of the art Architecture
» Arcade along all store fronts
» A good view from all outlets
» Well designed & landscaped Central Plaza’s with paving's & other architectural features
» Ample surface/basement parking
» Dedicated drop off zones & entrances for retail & offices
» Large storefrontsState of the art Architecture
» Arcade along all store fronts
» A good view from all outlets
» Well designed & landscaped Central Plaza’s with paving's & other architectural features
» Ample surface/basement parking
» Dedicated drop off zones & entrances for retail & offices
» Large storefronts

Retail Shops on GF & FF Restaurants with terrace dining on 2nd floor on some blocks Dedicated Signage Area for all units as per design & conditions All common area lighting as per norms.

Structure: 
RCC slab column structure with masonry partitions High floor to floor heights, 5m each on GF & FF Stairs connecting retail levels. Provision for Escalators/Lifts/Bridges.

Landscape:
Contemporary landscape in promenades with paving & decorative features/water bodies, wide pedestrian plaza’s with seating areas & food kiosks Dedicated drop-off & grand entrance for retail areas On site parking area with lush canopy trees & other landscape features

Finishes:
Exterior- Combination of shutter/Glazing/Painted surface as per design Lobbies- Combination of stone & painted surface Tenant floor- Concrete Floor Common Toilets- Finished toilets with modern fittings & fixtures

HVAC:
Provision for Split AC units. Location for outdoor units will be pre-determined.

Electrical: 
Distribution- Provision of cable up to tenants distribution board. Tenant load will be metered. Power back up- Automatic power back up for lighting, power & AC provided with PLC based auto load manager.