Gurgaon, also known as Gurugram, is a rapidly growing city located in the state of Haryana, India. Over the years, it has emerged as a leading commercial hub in the National Capital Region (NCR) and has attracted significant investment in the real estate sector. One of the key segments of the real estate market in Gurgaon is retail projects. If you are planning to invest in a retail project in Gurgaon, it is important to understand the factors that affect the price of such projects and how to find affordable options.
Factors Affecting the Price of Retail Projects in Gurgaon: Several factors affect the retail project price in Gurgaon. Some of the key factors include the location of the project, the amenities and facilities offered, the size of the project, and the reputation of the builder. Projects located in prime locations such as MG Road, Golf Course Road, and Sohna Road are likely to be priced higher than projects in other areas. Projects that offer premium amenities such as 24/7 security, power backup, and parking facilities are also likely to be priced higher. The size of the project is another factor that affects the price. Larger projects with more retail space are likely to be priced higher. Finally, the reputation of the builder is also an important factor. Projects developed by well-known builders with a proven track record of delivering quality projects are likely to be priced higher.
Average Price of Retail Projects in Gurgaon: The price of retail projects in Gurgaon varies depending on the factors mentioned above. According to a recent report by real estate consultancy firm JLL, the average price of retail space in Gurgaon is around INR 18,500 per square foot. However, prices can range from INR 7,000 per square foot to INR 40,000 per square foot depending on the location, amenities, size, and builder reputation.
Tips for Finding Affordable Retail Projects in Gurgaon: Finding affordable retail projects in Gurgaon can be a daunting task, but it is not impossible. Here are some tips that can help you find a retail project that fits your budget:
Research: Do your research and explore different areas of Gurgaon to find out which areas are more affordable.
Compare: Compare the prices and amenities of different projects to find the best value for your money.
Negotiate: Don\'t be afraid to negotiate with the builder or developer. They may be willing to offer you a better price or more flexible payment terms.
Look for under-construction projects: Under-construction projects are often priced lower than completed projects. However, make sure that the builder has a good track record and the project is likely to be completed on time.
Consider partnering with others: If you are unable to afford a retail project on your own, consider partnering with other investors to pool your resources and buy a project together.
The cost of retail projects in Gurgaon varies depending on several factors such as location, amenities, size, and builder reputation. While the average price of retail space in Gurgaon is around INR 18,500 per square foot, it is possible to find affordable options by doing your research, comparing prices and amenities, negotiating with the builder, looking for under-construction projects, and partnering with others.