Like other top cities of the world, Gurugram also has witnessed a new trend in real estate. In this trend, a prospective property buyer is seen normally choosing or preferring investing in the residential and the commercial units both to secure the best future. This trend picked up momentum in recent years with malls mushrooming along with multiplex establishments in the city largely coming up in good numbers all along the major city roads. As on date, there are more than five hundred malls and multiplex establishments operating from across the city and hundred others are to see the lights of the day over the next few years, thanks to high demand from customers. While, first decade of the era witnessed Mehrauli Gurgaon road and Sohna road emerging as the mall miles, new Gurgaon sectors emerged as the best choice for promoters in the later decade such as sectors along the southern and northern peripheral roads (SPR & NPR – also known as Dwarka expressway).
The property buyers want to play smart and safe which is good – for them as well as for promoters and as well as for the government finding high return potential in the commercial sector such as in shop-cum-offices (SCOs) attracting huge investments. As the trend clicked, its spectacular success, indeed, encouraged the real estate promoters who see it as a fruitful scheme unlike the past. And there is nothing wrong in assuming that the SCO markets have allured the new-age investors since SCO can be regarded as a safe and secure return on investment.
The real estate sector in Gurgaon has gone through massive changes – involving opportunities and manifold challenges both – over the past few decades, when its development speed has been superb to meet the high demand and supply scene. Let’s not forget Gurgaon is a real estate hotspot in the entire national capital region. The strong infrastructural development and world-class amenities not only boost the development of Gurgaon but at the same time make it a dream destination for modern-age investors. Given the reason, pandemic has brought a sea change to people’s outlooks regarding a safe and secured future, the real estate sector investment is best understood. Most people are now interested in owning real estate properties to earn a high rate of return for a safe future for their kids. In this regard, SCOs in Gurgaon become the foremost choice with all its exclusivity and conveniences.
Recent years also witnessed rise in demand and supply in commercial spaces such as SCOs in Gurgaon because it became the most sought-after destination for commercial property buyers and thereby many state-of-the-art retail spaces also have been developed in recent years. As rated high by real estate agencies – the liberty of customization, a comprehensive business ecosystem, and a flourishing marketplace all this supports the SCO and high street retail shop environment cum culture in millennium city, having world-class architecture and dynamic facilities.