The Current Shift in Real Estate Investment Patterns
Gurugram, like any other world-class city has adapted to the changing face of real estate. People are looking to invest more and more, both in residential and commercial units, for better returns in the future. This trend has developed significantly in the last few years with malls and multiplexes coming up along the major city roads. It is estimated that the city itself has more than five hundred malls and multiplexes currently in operation and more than a hundred more are expected to come up in a few years due to high levels of customer demand.
Main Drivers of Growth: Mall Miles and New Forced Outgrowing Market Areas
In the first decade of this transition, the Mehrauli Gurgaon Road and Sohna Road dominated my shopping habits, rather new sectors have been the attractive construction sites recently in Gurgaon. Malls and additional sectors along the Southern Peripheral Road (SPR) and Northern Peripheral Road (NPR also known as Dwarka Expressway) have equally excited promoters.
Smart Investment Choices: Shop-Cum-Offices (SCOs)
Investors and buyers now look for hassle-free deals where they float the money with builders and go about their business, while the Government is happy to see the envisaged decent returns on planned investment in the commercial space. Shop-cum-offices (SCOs) have started to get huge funding, and their success has inspired real estate developers to think differently than before and look at SCOs quite favorably. It is hardly a surprise that SCOs have attracted new aged investors who see them as a safe bet rather than SRA or commercial construction.
Challenges and Opportunities in Gurugram’s Real Estate Sector
Gurugram’s real estate market has changed beyond recognition over the last couples of decades, bringing both prospects and challenges at the same time. The growth of the city has also picked up further because of the high demand & supply orientation of the market. Gurugram, as an NCR’s real estate hub offers great potential owing to well-established infrastructure and superb facilities and presents an investors dream in today’s modern day. The pandemic has changed the outlook of the people in terms of their interest towards safeguarding the future, where many are keen in investing in real estate assets with a view to providing high returns to their family.
The Emergence of Commercial Units and High Street Commerce in Paulshausen
In the last few years, the demand as well as the supply for Commercial spaces has increased markedly, more so, for the SCOs in Gurugram. The area is becoming more popular among commercial property purchasers with this trend facilitating the construction of over more such retail spaces. SCOs are also marketed by the real estate agencies as having several advantages such as scope for individualization, fully integrated business environment, and a strong retail scene that develops high street retail in this millennium city with its skyline enhanced by premium architecture and active infrastructure designers.
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