Mall rentals:
Apart from BPOs, IT and ITES companies, a major portion of Gurgaon is absorbed by the mall spaces. With all major brands and global retailers renting retail spaces in malls, it is expected to give a major thrust to Indian economy.
Almost a decade back, many people out rightly rejected the idea of a shopping arcade or mall. Others believed that such a concept cannot be successful with the Indian masses. But today, the mall has become the reality of today, with Gurgaon alone housing a major chunk of
As the Indian consumer is becoming more brand-conscious and aware, the success of malls is impending. This is benefited the so called residential property in Gurgaon too. There is such burgeoning demand for retail spaces that the mall rentals in Gurgaon have shot up by more than 50%, that too in merely 2 years. Per square feet rent of mall space in Gurgaon which was previously positioned at Rs. 80/sq.ft is now reaching sky with currently positioned at Rs. 160/sq.ft, almost two times!
Another trend that’s catching pace in mall culture is the theme based or specialty malls like kid’s mall or women’s mall. This help developers as well as retailers to stand out of the crowd and be distinctively ahead. To name a few major in Gurgaon include,
Rental homes:
Due to the continuous stampede of MNCs and BPOs in Gurgaon, the residential property in Gurgaon is witnessing a boom as well. As the number of Corporates is increasing so is the need for rental homes to provide housing to corporate executives or NRIs too. This residential property market in Gurgaon mainly caters to the super rich and well-to-do tenants who don’t wish to compromise on high-class living.
NRI section too is actively participating in real estate investment in
However, the rentals of homes are skyrocketing, it may continue to increase further. Particularly after the initiation of Metro Train service in this area.
