Bolstered by strategic place and speedy infrastructural developments, Gurgaon has emerged as a sought-just after location for Fortune 500 multinational corporations and IT firms. The area is residence to numerous enterprise districts characterized by integrated developments encompassing workplaces, retail spaces, meals and beverage outlets and entertainment alternatives.
With this area nearing saturation, the concentrate is now shifting towards New Gurgaon that has emerged as a vibrant hotspot of residential and industrial activities. Excellent connectivity and a spate of infrastructural developments have led to the emergence of numerous industrial hubs in the vicinity of New Gurgaon, such as Manesar, Neemrana, Bawal, Dharuhera and Bhiwadi on one hand, and Cyber City, Sohna Road, Udyog Vihar on the other.
The rise of workplace spaces has invariably strengthened social infrastructure in the vicinity, like schools and larger educational institutions, banking and monetary corporations, industrial and retail spaces, restaurants and meals and beverage outlets, entertainment and recreation spaces and a great deal more. The region is residence to top firms such as Grey Orange, TCS, American Express, and quite a few more. Leading brands such as HDFC, ICICI, KFC Sodhi’s and The Body Shop, and so on have sprung up in the area. Moreover, Big Bazaar, Decathlon and Cinepolis are anticipated to make inroads into the area quickly.
The untapped prospective of New Gurgaon has prompted numerous genuine estate developers to foray into the area. The state-of-art workplace spaces combining retail, entertainment, meals and beverage amenities below one roof are the hallmark of their realty offerings.
Prominent amongst the developers betting major on New Gurgaon is DLF. The developer has about 300 acres of land in this area. It has ambitious plans for the improvement of more than 25 million sq. ft of region in the future. Its marquee providing – DLF Corporate Greens – is redefining the landscape by way of very best-in-class amenities and enhanced buyer knowledge. A current deal amongst DLF and American Express, worth Rs 300 crore for nine acres of land – is a testimony to the tremendous prospective of the area.
“The Millennium city Gurugram has surfaced as a template for future cities and not just a real estate hub. As a bold and future-focused city and having a strategic location which facilitated excellent connectivity, it is asserted as India’s newest hub for corporates to establish their headquarters, which includes most of India’s Fortune 500 companies. In the last decade, Gurugram’s soaring success has given way to emergence of New Gurgaon, as the new nerve centre and the sub-business district of Gurugram. IT and Manufacturing companies have reasonably dominated this region leading to an explosion of residential hubs around these commercial developments, gentrifying the changing landscape,” says Karan Kumar, CMO, DLF Ltd.
“Located strategically between Manesar and Gurgaon, the area not just enjoys seamless connectivity to New Delhi and other peripheral areas, but its planned infrastructure and availability of housing options across categories make New Gurgaon a preferred location for many. The increase in demand and the rise in ‘walk to work’ culture have led to leading commercial and retail brands settling in this area, making it the upcoming commercial hub of NCR,” adds Kumar.
Plaza at 106 by VIRIDIAN RED is positioned at a prime place of Dwarka Expressway in sector 106 Gurgaon. According to business authorities, the project is an best amalgamation of multi-utility studio, retail and industrial spaces.
Vatika Group and Elan Group are also amongst the dominant players in the area. Vatika Group homes all its verticals occupying 1 lakh sq. ft. campus-style workplace in the 1 million sq. ft. of prepared-to-move-in industrial and retail space INXT. Elan has come up with offerings such as Elan Mercado – a 3 acre-integrated improvement with a mix of High-Street Retail, Foodcourt, Multiplex & Luxury Serviced Residences in Sector 80, New Gurgaon.
Vineet Taing, President, Vatika Business Centre, says, “With diversified industries not limited to hospitality, healthcare, retail, banking, education, and many others joining the bandwagon, makes it more attractive for potential investors. Vatika Group, which holds the largest chunk of real estate offerings here in New Gurugram, has also relocated all its verticals occupying 1 lakh sq. ft., campus-style, office which is a part of 1 million sq. ft. of ready-to-move-in commercial and retail space INXT has in the offering, in lines with its vision to be a part of New Gurugram’s growth story. We would soon be launching our Business Centres, Managed Office Spaces and Sub-leased fitted-out spaces in Vatika INXT.”
The commissioning of the Delhi-Mumbai Industrial Corridor and Dedicated Freight Corridor will open new vistas of possibilities and unlock the financial prospective of New Gurgaon. Moreover, next-generation mobility systems such as Regional Rapid Transit System (RRTS) and Delhi-Faridabad Metro Rail Link will boost connectivity, thereby attracting numerous more corporations to establish their base right here.
According to business authorities, amid infrastructural developments and enhanced developers’ interest, New Gurgaon’s industrial boom is right here to remain, fuelling residential developments and transforming it into a prominent nerve centre and the sub-enterprise district of Gurugram on the lines of DLF Cybercity.