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Gurgaon’s emergence as a retail space hotspot

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Millennium City Gurgaon in the recent time has become a leading financial and industrial hub with the third-highest per capita income in India. The city has 3,775 sq ft of modern retail space per 1,000 population.

It is relatively young, when compared to other cities like Delhi, Mumbai and Hyderabad and has most of the retail sector in the modern format with a striking 78 per cent being concentrated in malls. The Millennium City also leads in the modern retail space for households earning more than `300,000 per year, closely followed by Central Delhi, Noida and South Delhi. The concept of mixed-use spaces has contributed to the ample modern retail space in Gurgaon, and owing to the corporate character of the city, ground floor retail spaces in office buildings add to its modern retail footprint. Continue reading “Gurgaon’s emergence as a retail space hotspot”

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Retail Space for Lease: Step by Step Progress

Investing in a property is a tough decision, and once you make up our mind for the same, it is certain that you want the best. For businessmen starting their own business, one option is to opt for retail spaces for sale or opt for a retail space for lease. However, renting is always a better option. When you look around, you will find various retail spaces for rent, and this is when people tend to get confused. In this confusion, everything looks the same and narrowing down the options becomes a tedious task. Always make sure that before you sign any agreement, you are sure of the choice you have made. To make your work a little easy, we bring to you ways in which you should proceed while searching for a retail commercial property.

retail spaces

  • Step 1: Never take a hasty decision. You will have a number of options around you, so make sure you explore all the options before choosing a commercial space. Choose a location near the malls or plazas or choose a space that offers ample of parking space. Which place is offering you what can only be known once you have a look at all the options available.
  • Step 2: Never go out of your budget. While calculating the budget also include the hidden costs and the cost of insurance. This will give you an idea of the monthly expenditure you will have to bear. Most of the times, people miss out on calculating the hidden costs, which later on becomes extremely heavy on the pockets.
  • Step 3: Once you have narrowed down a few choices, do not go only by the outer appearance of the building, instead do a walk-through. Check the interiors and talk to the landlord to get all the necessary information about the rental scheme. Also discuss the tenure of the rental and clear out any other doubts that you have in your mind related to the property.
  • Step 4: When you have finally made your choice, check the rental agreement. This is the only time when you can negotiate, so make full use of the situation. Make sure that when you negotiate, you discuss about the monthly rental, security deposit, availability of parking space and decide on a date when you can move in. If all the above parameters are within your reach and expectation, you can move a step ahead.
  • Step 5: Always make sure that you read the lease before signing it. If you are not fully aware of any of the legal terms mentioned in the agreement, do not let it go. Take the agreement to your real estate lawyer, understand what exactly is written in the agreement and only then sign it.

If you move step by step in your search, chances are that you will make less mistakes and find exactly the kind of property that you have been looking for.

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Real Estate in Gurgaon Offers Retail Spaces for Sale

Due to the advent of real estate developers in Gurgaon, commercial space in the city has experienced the taste of success quite fast. Today, most of the malls and retail outlets are superbly designed and are equipped with latest technologies. From the country’s largest mall to the retail properties, real estate in Gurgaon, India is booming at a rapid pace. BPO, IT companies, hospitality industry, automobile industry and even pharmaceutical industries are acquiring space in the city. Owing the big and small companies, today Gurgaon has become one of the most renowned commercial hubs.

retail spaces in Gurgaon

In order to reflect the nature of product and company, the retail space is very well maintained. If you are planning to buy or avail retail space for lease, it is very essential to keep the designing beforehand. Also, before finalising the space check the interior and location.

Retail commercial property in Gurgaon is constructed keeping factors like contemporary architecture, perfect planning and use of world-class material in mind. Moreover, these retail spaces for sale are constructed with only environmental friendly and harmless material. These spaces are constructed with ingenious designs, along with intelligent use of spaces and modern architecture. The spaces have separate rooms for meetings, conferences, trainings and also lunch. While choosing a retail space, make sure all the basic amenities like effective communication system, proper internet and mobile signal and uninterrupted Wi-Fi, power and water connections are available.

If you are not willing to buy the space, you can take the office space on lease. The office spaces available are quite reasonable with all the facilities available. The state-of-the-art communication system, banks and ATMs, restaurants and all necessary facilities are available near to all these offices. Moreover, these commercial properties are surrounded with lush green landscapes and have a proper transport mode available. In close proximity, you will get airport, national highways connected to major city, trucks, buses and autos for commuting of goods. For the employees and clients, there is an adequate parking space and safety in order to protect them even in wee hours.

Consequently, Gurgaon has become one of the highly preferred commercial hubs for the start-ups as well as established companies.