Gurgaon is within the range of a few hours from the national capital. The urban population is available for service and commercial projects providing the much-needed office space. Gurgaon has become the true mirror of changing India, with its shiny buildings and glimmering malls, the real estate investors are flocking the city like never before. In Gurgaon rents and labor is cheaper than Delhi. Udyog Vihar and Sohna Road have surfaced as the most prevalent office spaces in Gurgaon. Here are the few reasons office spaces are becoming popular choice for investors in Gurgaon
The horizon for the investment needs to be much larger in the case of office spaces, secondly, a smart investment is for there is a very less scope of flipping these properties. A typical investment horizon in office space is 5 years. Also, generally these spaces are much bigger than a house and need bigger investment amount. However, the rental yield is also much higher than what you will earn while leasing a house. An investment of 10 crores can easily bring in a yield of 9-10% annually and Gurgaon being the hub of all the business activities, you may charge an even higher amount.
Option for Smaller Investments
The city has now seen a steep rise in the demands for smaller offices as man new entrepreneurs are now flocking to the city with their startup ideas. Smaller office spaces are also becoming a trend in Gurgaon, and even a small initial investment can add office space to your portfolio, making it much more diverse and safe.
Office spaces in Gurgaon are also pleasing investors for one more reason. The growing demand for office space has resulted in the provision of pre-leasing the space even before it is built. This ensures that your initial investment would be covered within a few years without you having to worry about it going unrented.