GURGAON/MANESAR

Gurgaon has witnessed an unprecedented growth in the last 10 years following the IT and ITES revolution in the country. It has emerged as India's outsourcing capital. It has become such a popular destination for the commercial real estate that the rentals here have gone up almost three fold in the last three years -from Rs 40 per square feet/month to Rs 120 per square feet/month at present. Most of the supply in pipeline for the next two years in the commercial space is already booked.



Gurgaon is also known for the retail boom. Some of the prominent established and upcoming retail malls in Gurgaon are Sahara Mall, MGF Mall, DT Mall, Ambi Mall and DLFs Regent Mall. Apart from these, the MD of a real estate consultancy firm, Harinder Singh, says that another 20 odd malls are at various stages of constructions in Gurgaon on Golf course Road, Sohna and MG Road.



Gurgaon and Manesar will account for 20% or 39.08 mn sq ft of the upcoming residential supply till 2009-10.

Gurgaon-Sohna Road and Golf Course Road are the locations where maximum residential supply is projected to come up. Courtesy:ET dated. 21-03-08