May 12, 2025 |
Old vs New Gurugram: Attracting Investments! An Insight Into City’s Exponential Rise as Premier Retail Hub
Gurugram has emerged as one of India’s most dynamic commercial real estate destinations. The city has evolved rapidly from a suburban outpost to a business and lifestyle hub. Gurugram, which is one of satellite towns of Delhi, enjoys a strong corporate presence and continuous infrastructure upgrades, thus attracting investment across sectors.
As per Cushman and Wakefield, Delhi-NCR saw a retail leasing volume of 0.41 MSF in Q1 2025, higher by 1.5X QoQ and 2.2X YoY. Main Street leasing led space take-up with a 61 per cent share with Gurugram displaying 52 per cent in quarterly leasing.
Gurugram: A Major Retail Hub
Pankaj Jain, founder and CMD, SPJ Group, said that Gurugram’s commercial growth is defined by two distinct and equally promising zones – Old Gurugram and New Gurugram . He said that while Gurugram is witnessing new developments, Old Gurugram is reclaiming the spotlight as a strong commercial neighbourhood hub. With a population density nearly three times that of New Gurugram, the vicinity offers stronger footfall.
“In New Gurugram, shopping complexes face challenges due to segregated density. Old Gurugram has well-settled communities and it has very limited real estate activity. But the region is expected to generate higher returns. In Old Gurugram, areas like sector 14 are emerging as a prime spot for retail activities as it enjoys the benefits of retail developments, brands and investors with its ready catchment and established connectivity,” Pankaj said, adding that “we see Old Gurgaon as a future-ready retail hub, with all elements, business ecosystem and an active consumer base in place to drive urban retail developments.”
According to India Ratings and Research, the total supply in Indian commercial real estate is expected to grow by 5-6 per cent YoY in FY2026, taking the total inventory to about 1,360 million sq ft. Gurugram will contribute majority to this.
Boom In Gurugram’s Commercial Activity
Uddhav Poddar, CMD, Bhumika Group, said that Old Gurugram is the city’s original commercial hub and home to some of its most established business clusters, such as MG Road, Udyog Vihar, and Sector 14.
“These areas have long been favoured for their strategic proximity to Delhi, strong metro connectivity and high population density. The presence of traditional high-street retail, corporate offices and hospitality infrastructure continues to drive commercial activity in the city,” he said.
Speaking about New Gurugram, he said that the region is evolving as a next-generation commercial hub. The area offers seamless infrastructure, modern developments and proximity to new residential catchments. “The Dwarka Expressway corridor is seeing robust interest from organised retail and corporates. Developers see this as the ideal zone for scalable retail and mixed-use projects. The combination of infrastructure growth and increasing brand interest is making New Gurugram a compelling investment frontier.”
New-Age Real Estate Developments
Sandeep Chhillar, founder and chairman, Landmark Group, said that New Gurugram continues to evolve as the epicentre of new-age real estate developments across residential, commercial and retail developments. Designed with a future-forward vision, this region is attracting a new wave of commercial activity, including Grade A office spaces, luxury retail formats and townships. Projects like upcoming RRTS, proximity to the Delhi- Mumbai Industrial Corridor will further enhance the region’s significance as a commercial hub.
“With planned infrastructure, wider roads and ample greenfield development opportunities, New Gurugram offers a clean slate for contemporary urban planning,” he said.
Brands Prioritise Locations
“For commercial and retail developments, we see a definitive shift in the market scenario. The consumer base majorly comprises young, aspirational and digitally native, creating demand for curated, high-quality retail spaces. We see New Gurugram as the most future-forward part of the city, where infrastructure like the Dwarka Expressway is accelerating its transformation into a real estate powerhouse,” Sandeep added.
“Old and New Gurugram have different dynamics and are contributing to the city’s commercial future. While MG Road and Udyog Vihar offer legacy value with high occupancy and footfall, New Gurugram is writing a new chapter. As a developer, we are actively seeking New Gurugram to capitalise on the distinct opportunities it offers. Since brands today want a mix of traditional visibility and modern infrastructure, we foresee New Gurugram delivering the exact,” Rajjath Goel, MD, MRG Group, said.
Source : ET Now News
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