May 4, 2025 |
Rising Rental and Leasing Investment Fuels Gurugram’s Commercial Real Estate Growth, Says Report
Gurugram is raising its demand for commercial and mixed-use development projects, contributing to the city’s urban landscape. Prime locations like SPR, New Gurugram, and Dwarka Expressway are experiencing a growing number of office spaces.
Indian cities have outpaced major global centres in terms of rental and leasing activity, with the top seven hubs experiencing a growth of 4 to 8 percent. According to a report by real estate services firm Vestian, the country’s expansion-driven leasing market sets it apart, positioning itself for steady growth and prosperity. Delhi NCR registered a growth of 8.2 percent, showcasing a substantial rental growth.
This growth forecast has been seen as a stark competition to major global markets, including New York, Boston, Hong Kong, Seattle, and Shanghai, which have experienced a decline, while India witnessed a steady upward movement.
Gurugram, recognised for its growing corporate presence, has been a steady contributor to this rental growth. The city is raising its demand for commercial and mixed-use development projects, contributing to the city’s urban landscape. Prime locations like SPR, New Gurugram, and Dwarka Expressway are experiencing a growing number of office spaces.
This surge has been seen due to strong demand from the flourishing Global Capacity Centers (GCCs), unicorn startups, and IT firms. The office space market has seen a surge in demand from global companies, including Google and Smartworks, aggressively securing space due to the city’s robust economic growth, large consumer base, rapid urbanisation, and seamless availability of skilled workforce at competitive rates. There have been several other big-ticket deals during the last few years, with commercial buildings seeing a growth in sales volumes.
Gurugram – A Preferred Destination for Residential/Commercial Realty Sector
The city’s connectivity to Delhi and other places makes it a preferred destination for companies. Gurugram also offers premium residential properties, allowing working professionals to find homes closer to their workplaces. While being a top residential and commercial choice, Gurugram has achieved an edge due to its varied entertainment hubs, including retail spaces, grade A malls, and restaurants. The Indira Gandhi International Airport is also close to the city, along with seamless metro connectivity reaching new heights.
Co-Working Spaces in Gurugram
In this market, co-working spaces are also making a strong presence, bringing Gurugram to the forefront. Office spaces boasting modern amenities are seeing a growing demand. Gurugram’s latest leasing growth is attributed to its status as a leading hub for commercial presence in India. Strong infrastructure, connectivity, and residential demand continue to shape the market, attracting investors and buyers. In the coming years, it will continue to prosper and make a home for major MNCs and upcoming startups from across the world.
The city’s strategic connectivity, modern infrastructure, and demand for flexible office spaces have placed its status as a preferred destination for corporate expansion. With thriving co – working spaces and premium residential developments complementing its commercial growth, Gurugram continues to redefine urban real estate dynamics, positioning itself as a global hub for rental growth driven by investment.”
Source : ET Now News
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