Commercial Properties in Gurgaon

A few years ago the rent of commercial properties in Gurgaon, had gone down to Rs.80 per sq ft per month but today its sky-rocketing with prices like 150-160 per sq ft per month. The real estate residential prices are touching the sky after the success of these commercial properties and the prices have increased from Rs.1200 per sq.ft to Rs.4000 per sq.ft. Big builders like DLF and Unitech are also coming up with amazing projects after witnessing such a positive response of public for malls.
Even the small time builders are now interested in making commercial properties and lending their most of the part on rent. Because of the increased commercial demand the mall space rentals in Gurgaon have increased by almost 60% in the past two years. One very significant fast fact about commercial properties in Gurgaon is that return through rent on the investment in commercial properties is the highest among all segments like residential and office space.
Compared to all the commercial properties around the world, mall rentals in India are quite high. It is because of couple of reasons like the existing regulatory policy and operations of too many speculative investors in the industry. The commercial property in malls of Gurgaon is undoubtedly going astronomical. The rent rates in the malls of Gurgaon are touching an average of Rs.400 to Rs.500 per. Sq. ft., which has to be around 75-Rs 100 per sq. ft. These rates mentioned are excluding the common area maintenance.
But nothing has been able to influence the commercial properties craze in Gurgaon, which is evident from the statistical figure which refers to over a dozen malls being already functional in the area and another dozen malls is at the planning stage. A few of the well-known operational malls in Gurgaon are - MGF Plaza, Sahara Mall, Mega mall, City Centre, Metropolitan Mall, Centrum plaza, JMD Regent Arcade and lately the Specialty mall - Gold Souk.