Investment in commercial property in Gurgaon has always been seen as an exemplary means of expanding the portfolio of assets and restoring good returns. And while we're talking about Gurgaon, it's developed considerably over the last few decades and has made it almost unrecognizable from what it once was. This remarkable journey of development has given this region a new name: the “Millennium City.” Commercial property in Gurgaon has one of the best infrastructure growth which is always on a steady upward course. The establishment of a number of IT parks, MNCs, and SEZs has led to unprecedented developments in the city, attracting people from across the country and abroad.
Building on the pattern in urban centers across the country, Gurgaon's real estate is leading to a revival of investor confidence in the National Capital Region. One of its main reasons for that kind of buoyancy is that it has broken a five-year dry spell, and finally has a strict implementation of the law. The revival of this confidence between buyers could result in an increase in the rates of residential and commercial properties in Gurgaon by more than 10% to 20%.
With the ever increasing population in Gurgaon, the city has experienced a huge rise in the demand for real estate, not only in the residential areas but in the commercial establishments as well.
One of the most prominent builders in Gurgaon is the AIPL group.
Advanced India Projects Limited (AIPL) has been in the real estate business for almost 30 years. They have built 2.5 million sq.ft. of office spaces, 2.8 million sq.ft. of retail spaces and 340 acres of township development. Their major focus is on quality and sustainability. These attributes are visible in their developments which exude durability and best in class technology. Apart from these values, AIPL has continuously focused on innovation in their projects and specialise in integration of modern technology with strong fundamental values. Their continued success in building commercial properties in Gurgaon has been possible due to their consistent commitment to their core values.
AIPL Joy Gallery is a mixed use retail development and is a prominent commercial property in gurgaon. It offers a combined package of Premium Retail, F&B outlets, Food Court, Restaurants, Cafes and an Entertainment Zone. Considering the growth in disposable incomes of people in Gurgaon in l̥ine with rising opportunities, this development offers a handsome opportunity to investors.
AIPL Joy square, located in sector 63 A in Gurgaon is one its kind commercial property in Gurgaon. It is an integrated Commercial and residential property. AIPL has leveraged its upper hand on quality and sustainability to create a feasible residential-retail space. With AIPL Joy Square, the developer has established a unique type of property segment. This has raised the bar for the high-end retail market in the area. This property speaks for the high paced growth of the city itself. There is no doubt that It is touted to become one of the best upcoming commercial properties in Gurgaon.
AIPL Joy Street takes the expertise of AIPL one step further by offering a unique blend of Retail, entertainment, F&B and serviced apartments in a single package.
Serviced Apartments:AIPL offers luxury studios and 1 BHK apartments with world class amenities including housekeeping, 24/7 concierge and reception desk, laundry service, Gymnasium, swimming pool and spa. There has been a consistent influx of young population in Gurgaon from different parts of the country, this has raised the demand for high-end studios. AIPL has truly captured the rising trend and presented a lucrative investment opportunity for the buyers.
Commercial Space:AIPL has a variety of commercial outlets ranging from small to large spaces for different types of businesses. Each space includes the state-of-the-art facilities equipped with modern design and latest technology. In addition to this, there are smart suites office spaces which are fully equipped with modern facilities like data connections, power backup, flexible office setup options, ATMs, restaurants and cafes in vicinity to make the office area more desirable and attract more crowds. All in all, Joy square is a major upcoming commercial property in Gurgaon.
AIPL Business Club is designed to meet the future business needs. The group has held on to its fundamentals of sustainability by developing an office space which has all the facilities that the business would need in future as well. This is an aspect which would attract a large number of businesses.
AIPL Business Club includes co-working spaces, corporate retail spaces, fine dining, valet parking, driver lounge, locker room and shower room for support staff, ATMs, banks, shuttle services to rapid metro, luxury amenities like infinity pool and Golf putting greens.
With almost all the needs of businesses taken care of, AIPL Business Club definitely creates its mark as a major commercial property in Gurgaon.
Commercial Investors have shown great interest in commercial property in Gurgaon, and recently NRIs have also begun to invest in the commercial space, mainly as a result of profitable returns. When we equate investment in the commercial with residential, it can be assumed that returns from commercials are higher. An increase in the number of private equity funds displayed an involvement in the commercial office space in 2018, preceded by the very same in 2019. And with the success of India's first REIT trickling in, the pattern of commercial office space getting the upper hand in real estate holdings will continue. There is a possibility of more injection of liquidity in commercial real estate and builders will come up with more projects in this category.