Gurgaon is one of the fastest growing cities in India. With a population of more than 2 million, it is rapidly becoming one of the country’s leading business hubs. The city offers numerous advantages for running a business, including ample office spaces and high-quality infrastructure. If you are looking to run a commercial business in Gurgaon, then this article is for you! Read on to know everything you need to know about buying commercial space in Gurgaon, from what type to look for to how much it costs per square feet.
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What type of Commercial Space is Available in Gurgaon?
There are basically two types of commercial spaces that you can buy in Gurgaon. These are Office Space and Retail Space.
- Office spaces are ideal for offices, schools, hospitals and other professional organisations.
2. Retail Spaces, on the other hand, are great for restaurants, shops and other retail establishments.
Both types of spaces come with different features and benefits. In this article, we will take a look at each of them in detail. Office Space – Offices are the most common commercial spaces that you will find in Gurgaon. This type of space is ideal for a range of businesses, including law firms, interior design studios, accounting firms, financial institutions, and more. The office space you choose will depend on the purpose of your business and the type of customers you want to target. You should also keep in mind the number of employees you will need to hire.
How to Buy Commercial Space in Gurgaon?
Buying a commercial property in Gurgaon is a straightforward process. You will have to identify the right property by interviewing the stakeholders in the space. You will also have to seek legal advice if you have any doubts. Once you have identified the right property, you can submit a proposal and negotiate the price with the seller. You can also choose to sign a long-term lease with your landlord. There are a few other methods that can help you buy commercial space, but they are less common.
Factors That Determine the Cost of Commercial Space in Gurgaon
– Type of Property – The type of property you intend to buy will determine the final cost. Naturally, more modern properties will cost more than those in a state of decay.
– Location – The type of location you choose will also have a bearing on the final price. A posh location will cost more than a location in a less-trafficked area.
– Condition – The condition of the property will affect the price as well. A property in a highly decrepit condition will cost less than one in a good condition.
– Market – The last factor that determines the cost of a commercial property is the market. A booming market will reflect in the price of the property.
Conclusion
Buying commercial space in Gurgaon is a simple and affordable process. You can buy office spaces or retail spaces. Office spaces are best for businesses such as offices, schools, hospitals, and other professional organisations while retail spaces are best for restaurants, shops, and other retail establishments. The type of property you buy will have a bearing on the final price while the other factors such as the condition of the property, the location, and the market will affect the price as well.
