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News: Indian Best Commercial Project in Gurgaon - Real Estate Market Trends and the Future Growth Forecast

Indian Best Commercial Project in Guragon  market trends are very much dependable on the economic growth which is directly linked with the growth of the commercial market. In the long run, the commercial spaces in Gurgaon  market stand to gain due to the resurgence of investor interest in the real estate sector as it promises stable growth.

What is India real estate marketing?

Land that is utilised only for business-related operations or as a workspace is referred to as commercial real estate (CRE), as opposed to land that is occupied as a residence, which would fall under the category of residential real estate. Most frequently, tenants who lease commercial real estate do so in order to operate profitable enterprises. This broad type of property might include everything from a tiny shopping centre to a single storefront. Office space, hotels, dining establishments, shopping malls, and healthcare facilities are just a few examples of the various forms of commercial real estate. Commercial space in Gurgaon is pretty much in demand. 

Indian commercial real estate market trends and growth - 

India's commercial real estate industry has grown rapidly since the COVID-19 outbreak. The industry still has a positive outlook for 2022 despite challenges brought on by the pandemic in 2020 and 2021, which led to the closure of cafes, restaurants, clothing stores, supermarkets, stores, theatres, and businesses. The continually expanding demand from renters across various industries has driven the growth of the commercial real estate industry in India. The constant demand for commercial real estate is also paving the way for a bright future for the real estate industry. The demand includes the commercial space in gurgaon as it is becoming the highlight of the North Indian real estate market. 

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During the projection period of 2022-2027, the Indian commercial property market is anticipated to expand at a CAGR of almost 13%.

The COVID-19 outbreak led to the emergence of a work from home (WFH) culture, which temporarily caused new space restrictions. In the seven Indian cities in 2020, there was 36.34 million square feet less new office space than in 2019, a 30% decline. The office leasing market, however, was expected to begin to rebound in 2021.

By 2022, it is anticipated that more than 700 million square feet of Grade-A office space would be filled, with Delhi-NCR accounting for the majority of this demand. Mumbai saw a 36% increase in demand for total office space leased by consulting firms in the first half of 2020.

Commercial space in Gurgaon - opportunities - 

For real estate investors of all stripes, including expatriates, ultra-high net worth individuals, corporate executives, and business owners, Gurgaon's residential market is rife with options. In relation to residential properties, a recent survey by PropTiger.com revealed that 3BHK flats were the most popular design in Q2 of 2022, accounting for 42% of total sales. According to the survey, more than 51% of the houses sold during the same time period fell inside the INR 1 cr+ price category.

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Additionally, Gurgaon's reputation as one of the country's real estate hotspots has grown as a result of India's expanding startup environment and its surging entrepreneurial culture. According to data, Gurgaon is home to approximately 1500 startups, further establishing the area as a real estate investment bonanza. In fact, the majority of the units released were sold in Gurgaon's Sector 89, Sector 106, and Sector 62 micro markets. Property values in the area have increased by 9% year over year, with prices lying between INR 6400 and INR 6600 as of June 30, 2022.

The city has become a goldmine of potential for real estate players due to factors like the ones mentioned above, as well as the significant shift in consumers' attitudes toward the residential real estate market and their preference for modern amenities, accessibility, an immersive lifestyle, and open, ventilated spaces. NRI investors also view commercial space in Gurgaon as a viable choice for investments as residential / commercial properties are still being built there. In fact, NRI investments in Indian real estate totaled over USD 14.9 billion in FY22, exceeding predictions made in FY21, with Gurgaon emerging as the top choice in the nation's north.

Gurgaon performs better than the other areas, despite the fact that the Delhi NCR region is densely populated with many business experts, entrepreneurs, and other workers living there. Due to its proximity to Indira Gandhi International Airport and greater safety rating as compared to Noida, Gurgaon has fewer theft, vandalism, and armed robbery incidents. In contrast to Noida, which saw projects abandoned by reputable real estate companies, the city fared better in terms of confidence. Overall, Gurgaon is a market for real estate investors that is rapidly expanding and has several prospects.

Like most other industries, commercial space in Gurgaon and gurgaon real estate has also been significantly impacted by the pandemic. This is evident in how the sector is run, customer tastes and expectations, and the growing interest of investors in certain areas like Gurgaon. It is safe to claim that the Gurgaon real estate and commercial space in the Gurgaon market would greatly benefit from the rise in real estate investments given the abundance of positive trends. After all, the city has something to offer everyone.

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Best commercial projects in Gurgaon

Gurgaon nowadays is becoming the sensational place to make a better lifestyle, there has been a survey where it shows 65% of youth lives in Gurgaon. 

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