However, the fast world of real estate and growth cannot be moved without creating prime location opportunities for commercial retail investment, like Gurgaon. The city, popularly known as the “Millennium City,” has emerged as India’s commercial hub of economic growth and urban development. Corporate culture has been expanding, and thriving business hubs combined with rapidly growing populations make Gurgaon a hot spot for investors looking for quick returns from commercial retail spaces. Companies like SPJ Group, who have been deeply associated with Gurgaon’s real estate space, will offer enough reasons to attract a seeker of a retail outlet, but what about the city that makes Gurgaon such a powerful hub for commercial investments in retail space? This blog is aimed at letting you know why investing in rental spaces in Gurgaon can prove to be the best decision.
Economic growth and corporate expansion:
This is one of the prime reasons Gurgaon has become a wholly hub for investments in the commercial retail space. Multinational companies, IT giants, and strong corporate environments with many start-ups fuel the demand for retail spaces. According to a Colliers International report, Gurgaon generates a large amount of the NCR’s economic output and thus markets itself as a prime contributor to the Indian economy.
With the growth of businesses, so is the requirement for retail spaces to accommodate corporate employees and residents. Malls, high-street retail outlets, and F&B spaces would be required to meet the demands of Gurgaon’s high net worth and well-heeled population. A retailer will see strong footfalls and a chance to succeed in this rapidly growing urban centre.
Thriving Real Estate Market
Thriving real estate market: Gurgaon is booming with commercial investments. With retail options in every possible form—under one massive mall, standalone, and mixed-use structures—this city has everything. Golf Course Road, Cyber City, and Sohna Road have turned into prime retail locations because corporate offices and residential hubs lie nearby.
Additional features that enhance its appeal are that rentable commercial spaces allow businesses and investors an opportunity to leverage Gurgaon’s massive potential with no liability attached to the purchases themselves. For ROI-high-seekers, this means a chance to accumulate rental income in locations where retail demand is perpetually high.
Rental Yields are High
Gurgaon has the highest rental yields in the NCR for commercial retail spaces. Its strategic location, connectivity, and infrastructure features make it an attractive destination for retailers interested in expansion. According to a JLL India report, depending on the location and the type of rental income commercial property, one can yield rental returns between 6% and 10% in commercial spaces in Gurgaon. That would mean stable and recurrent sources of income for investors.
High-end commercial areas located in most commercial corridors, such as Cyber Hub, Sikanderpur, and MG Road, retain a steady demand for them, making these spaces great options for rental investments. Among the numerous locations in Gurgaon that boast prime sites for investing in commercial retail space, it offers a plethora of opportunities to buy high-street retail, shopping complexes, or even single stores. Here are the top areas for retail investment in Gurgaon:
Sector 14 is a happening market in Gurgaon, especially the HUDA Market, which is ideal for small to medium retailers. Sector 29 is the gastronomic and nightlife hub, which attracts not only locals but also corporate clients sitting near Cyber City. Cyber Hub, which is situated in the IT district, is Gurgaon’s most premium commercial area; here are high-range restaurants and shops attracting rich customers and promising a high return in rental value. Sohna Road and Golf Course Extension Road are two of the fastest-growing commercial corridors, with office and retail spaces emerging fast through luxury residential developments, thus attracting investors.
SPJ Group’s Vedattam: A Key Retail Space Investment Opportunity
Coming to retail investments in Gurgaon, SPJ Group leads by example with its upcoming venture, Vedattam, located in Sector 14, Gurgaon. This will be a class-beating retail and commercial investment proposition for the investor, offering the singular opportunity to be a part of one of the most in-vogue and busy commercial high streets in the city. Conceptualised to meet the rapidly growing needs of modern-day retail, Vedattam aims to incorporate the following amenities:
Five Expanded Floors:
Vedattam is a retail-dedicated building that offers several spaces ranging from high street to multi-brand boutiques and F&B outlets.
Strategic Locality:
Located in Sector 14, one of the most developed commercial regions of Gurgaon, Vedattam enjoys exceptional connectivity and consistent passage of customers across its ambit.
High Footfalls:
Once completed, Vedattam is expected to attract substantial foot traffic, providing businesses with the visibility they need to succeed.
Modern Amenities:
Top-line amenities would be offered to uplift the retail experience, making it a one-stop shopping destination for shoppers.
The other trend that is increasing the demand for retail space rentals in Gurgaon is the coming together of e-commerce and physical retail space. Businesses are now using an omnichannel strategy where it combines a walk-in physical store with the convenience of online shopping. It has become a pronounced trend in retail space on rent in Gurgaon identified as high-end retail areas where customer experience becomes more prominent. An investment in a commercial retail space in Gurgaon supports a hybrid business model that will help to create more customer engagement through physical touchpoints in conjunction with the ease of e-commerce. Retail spaces like Vedattam are designed to cater to such forward-thinking businesses that want the best of both worlds.
Why Now is the Right Time to Invest
The ongoing infrastructure development in Gurgaon, especially the expansion of Delhi Metro and highway connectivity, has further boosted Gurgaon to prime real estate status. Retail space rentals in Gurgaon could be a priority for investors seeking long-term stability and high returns on investment. The upcoming project from the top real estate company in Gurgaon, SPJ Group’s Vedattam is just the right investment for an investor looking to tap into growth opportunities due to the rising retail market in Gurgaon. Strategically located and highly visible, owing to modern amenities, Vedattam offers investors the opportunity of ROI realisation while being a part of one of the most happening commercial real estate markets in India.
Conclusion
Investing in rent commercial retail spaces in Gurgaon is undoubtedly a smart move for 2024 and beyond. With a promising economy, high rental yields, and strategic location, Gurgaon remains an attractive destination for both investors as well as retailers. Investments like Vedattam by SPJ Group give a chance to tap into one of the most promising commercial spaces that can be found in Gurgaon. Investment time has finally come, and there should not be any further loss of growth in the retail landscape of Gurgaon.
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