| duction | | | | from Multinational companies, large business |
| Gurgaon is the most happening place in the real | | | | houses, foreign investors, Non-Resident Indian |
| estate when it comes to commercial property | | | | (NRI) etc. |
| lease. Let’s take a look at some of the | | | | A healthy and hi-tech business environment: |
| pivotal factors that have contributed to some of | | | | Gurgaon is home to offices of several MNCs as it |
| the highest returns to investors, investing in | | | | provides a healthy and hi-tech business |
| commercial lease, not to forget the residential | | | | environment. It offers fully-furnished offices and |
| lease as well. | | | | corporate spaces developed by DLF, Unitech, |
| The factors for growth in commercial real estate | | | | Vatika and Vipul. The coming up of world class |
| lease in Gurgaon | | | | business centers and cybercity is attracting the |
| The leading corporate offices: Gurgaon is one of | | | | MNCs in a big way. By paying a little extra, the |
| India's major outsourcing hubs, housing major | | | | MNC clients can set up their office without |
| multinationals such as Agilent, Alcatel, American | | | | bothering about other necessary services like |
| Express, British Airways, Convergys, eFunds, | | | | security, investment in interiors, data cabling and |
| Ericsson, KLG Systel, Keane India Ltd., Fidelity | | | | Internet connectivity, utilities, internal |
| Investments, Genpact, HCL technologies, Hewitt, | | | | housekeeping, besides electrical and AC provisions. |
| Hindustan Lever Limited (the Indian division of | | | | Real estate investors in favor of commercial |
| Unilever), IBM, Siemens, Flextronics, Coca-Cola, | | | | lease: International investors like the US-based |
| GSK, General Motors, Gillette, HP, Hitachi Metals, | | | | Warburg Pincus, Blackstone Group, Broadstreet, |
| Nestle New York Life, Nokia, Pepsi, Trinity BPM, | | | | Morgan Stanley Real Estate Fund (MSREF), |
| Xerox, etc. The biggest car and motorcycle | | | | Columbia Endowment Fund, California Public |
| manufacturers in India, namely Maruti Udyog and | | | | Employees' Retirement System (CalPERS), Hines, |
| Hero Honda also have plants in Gurgaon. | | | | Tishman Speyer, Sam Zell's Equity International, JP |
| Proximity to the international airport: Gurgaon's | | | | Morgan Partners and Amaranth Advisors have |
| proximity to New Delhi and its airport and | | | | been found to show interest. A few funds |
| availability of good quality and cheaper office | | | | belonging to Warren Buffet's Berkshire Hathway |
| buildings and residential complexes have proved | | | | are also interested. A 100% FDI in real estate is |
| attractive to many companies who have shifted | | | | now attracting overseas developers are closer to |
| their corporate and back offices from New Delhi's | | | | the commercial real estate market. |
| business centres to Gurgaon. | | | | Conclusion |
| Cheap availability of land: The vast expanses of | | | | Commercial developers and investors interested in |
| land in Gurgaon makes it easier for multinationals | | | | commercial lease can expect to bring in at least |
| to set up their lavish office space here in | | | | $100 million in the Indian real estate market. |
| Gurgaon, than any other place in India, where | | | | Today there are agencies, research analysts, and |
| commercial lease is an expensive affair. Gurgaon | | | | experts in the real estate management who can |
| offers an excellent location to start up an industry | | | | help you to find a prime commercial property. |
| as it is in close contact with cosmopolitan world, | | | | With the flow of investments into the country, |
| being close to the National Capital of Delhi. It | | | | commercial real estate is the first procurement |
| offers excellent law and order situation with | | | | option that a potential investor seeks for. So as |
| peaceful environs. These pivotal factors have | | | | they forayed into the untested market in India, |
| helped it attract a sizable number of investments | | | | they preferred to lease their office spaces. |