Gurgaon is officially known as Gurugram and is the country’s second-largest information technology hub. The city is situated on the Delhi-Haryana border and is one of the major satellite cities of Delhi. Gurgaon is also the third-largest banking and financial hub and the largest medical tourism industry in India. In terms of total wealth, the city ranks as the eighth largest in the country. Furthermore, Gurgaon is home to the headquarters of many of the country’s largest companies and thousands of medium and small-scale businesses as well.
What are SCOs?
Shop-cum-Offices, also known as SCO, is a commercial real estate asset class that has seen immense growth in the last few years. Gurugram is known as the most prominent and profitable location for Shop-cum-Offices in the National Capital Region. SCOs generally consist of co-working spaces, offices, hypermarkets, cafes, restaurants, and retail units, among others. In addition, SCOs also offer commercial spaces for banks, gyms, fitness centres, ATMs, banks, and healthcare facilities.
SCOs are mostly located in commercial districts that offer easy connectivity to the city. A recent study revealed that there is about 71.6 acres of land under SCO in Gurugram, and the market is expected to expand 30 to 40 per cent every year, making it the perfect opportunity for real estate investors to invest in Gurugram.
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SCOs in Gurugram:
Currently, many plots in Gurugram are under SCO development. Several sectors that are close to Dwarka Expressway in Gurugram offer an excellent opportunity for SCOs. In addition, the news of the opening up of the Gurugram section of the Dwarka Expressway has attracted the interest of many real estate developers and investors.
Shop-cum-Offices is a real estate market trend that, interestingly, proved to be a lucrative investment for realtors at the time of the global pandemic. This is because, during those times, the sales of other residential and commercial sectors had seen a downfall. In the NCR region, Gurugram stood out as a hub for SCOs. The city has witnessed an overwhelming amount of land under the SCO development and SCO projects, which are in close proximity to Golf Course Extension Road and Dwarka Expressway, two of the poshest localities in Gurugram. Additionally, these SCO projects have also registered a rise in sales owing to the conducive corporate environment and flexibility for real estate investors in the building plans and customizations.
The first six months of 2022 saw companies calling their employees back to the office. This led to a demand for office spaces in Gurgaon, which is also known as India’s SCO Capital. The start-up culture, though, may witness a slump in funding but it is still ably supported by schemes introduced by the government of India. In addition, this has created an increased demand for co-working spaces, which can be beneficial for start-ups of all sizes. Co-working spaces are cited as plausible financial investments for early-age start-ups.
SCO in Dwarka Expressway:
Dwarka Expressway in Gurugram has now become a hotspot for SCO investments. The area presents developers and investors with a number of options for commercial use. Plenty of Shop-cum-Office plots are available and up for sale in the market, which can be developed and designed by investors according to their preferences and needs. Additionally, several well-built and designed buildings are further defined by levels, each of which can be allotted to a specific commercial use. For instance, retail spaces, office spaces, hypermarkets, and more. Furthermore, these SCOs are developed on a low-maintenance module and also offer a plethora of other benefits such as spacious parking spaces, security measures, and more.
Eco-friendly Measures in SCO:
These days, many eco-friendly measures are successfully being incorporated into SCO projects. This is done to ensure a smooth functioning environment for SCOs while simultaneously reducing the impact of environmental damage caused during the development and in later stages. On top of that, the SCO projects are being supplied with rainwater harvesting systems and solar light provisions to meet the ESG targets set by real estate developers for the numerous projects.
Commercial Projects in Gurgaon:
The incredible increase in demand for office space has made Gurgaon a hotspot for SCOs. The city is offering a range of commercial projects that are built on a low-maintenance module and offer excellent connectivity to nearby areas. Adani Realty is a top real estate company in India, offering a range of premium SCO plots in Gurgaon, which makes for the perfect opportunity for real estate investors. Miracle Mile, Aangan Galleria, Aangan Arcade, and Oyster Arcade are currently some of the best commercial projects in Gurgaon. These commercial projects are designed with state-of-the-art infrastructure and feature a range of world-class amenities and facilities. Furthermore, these SCO projects are strategically located in the city to help ease the everyday commute of buyers.
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Gurgaon is home to numerous posh localities and societies and is renowned as the IT hotspot in India. The demand has increased for various reasons in the city. New Gurgaon is strategically located between New Delhi, Manesar, and Gurgaon and is now an upcoming SCO hotspot in the country. With the number of existing and upcoming demands for office and retail spaces in the city, it is an excellent area for real estate investors and developers to invest in SCOs. The city’s convenient connectivity to Delhi NCR and many other major cities in the country makes it perfect for businessmen. Owing to these reasons, SCO development and investment in Gurgaon will soon see a rise!
Adani Realty is known for its stellar delivery reputation and legacy of building some of the most luxurious homes in the country. Now, Adani Realty also offers beautifully designed commercial projects in Gurgaon to ensure smooth commercial activity. We promise a comfortable yet luxuriant lifestyle, along with access to world-class amenities and facilities for a secure experience. Their trust and excellence are integrated with beautiful design aesthetics and cutting-edge construction techniques to develop exemplary projects in India’s most promising cities.
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