Gurgaon - The Commercial and Retail Hub

The Draft Master Plan 2021 i.e. Gurgaon Master plan 2021 proposes integrated development of Gurgaon and IMT i.e Industrial Model Township project.
Feb. 10, 2011 - PRLog -- Gurgaon Master Plan 2021 proposes wider roads with allocation of more areas for residential, commercial, SEZ and other important purposes with some other big projects on the agenda.

The demand for commercial office space in Gurgaon is always high. With IT & BPO industry having its grand existence in the city making it the cyber city, high valued. As a matter of fact, the city is the emerging corporate centre of India and has become the pride of the present commercial property in India.

The emergence of India as a major market has necessitated the multi-national corporations to shift their focus to the Indian sub-continent. The national capital, housing the offices and accommodations of the innumerable functionaries and staff of the umpteen Central and State government departments, institutions and instrumentalities along with those of the private sector, cannot provide sufficient facilities for the new entrants. In such a scenario, Gurgaon, lying in the National Capital Region with sufficient infrastructure, proved a better bet for the corporations to open their Indian offices. World class infrastructure and amenities, ample facilities have collectively marked it as the hottest destination.

Retail, one of India’s largest industries, has presently emerged as one of the most dynamic and fast paced industries. India is being seen as a potential goldmine for retail investors from over the world and latest research has rated India as the top destination for retailers for an attractive emerging retail market.

Currently the share of retail trade in India's GDP is around 12 per cent, and is estimated to reach 22 per cent by 2010.According to Government of India estimate the retail sector is likely to grow to a value of Rs. 2,00,000 crore (US$45 billion) and could yield 10 to 15 million retail jobs in the coming five years; currently this industry employs 8% of the working population.

Gurgaon is already a nucleus for retail development and it is fast becoming a major retail giant. The retail segment of Gurgaon is experiencing an unabated growth. Retail includes space for boutique shops, banks, shopping malls, fashion/ garment stores, restraints, supermarkets and corporate suites to name a few. The growing corporate culture of the city has made the demand for retail space on lease soar higher.

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Tags:Gurgaon, Money, Commercial, Property, Delhi, Noida, New Delhi, Real Estate, Projects, Construction, India, UK, Services
Industry:Architecture, Business, Retail
Location:Mohan Co-operative Industrial Area - Delhi - India
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Page Updated Last on: Mar 22, 2011

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