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Huge supply of office spaces in Gurgaon

1 Comment Sub Category:Commercial Real estate,Gurgaon,Realty News Posted On: Oct 29, 2012

office spaceOne of the  major commercial regions of Delhi-NCR, Gurgaon is witnessing a fast paced development and demand of office space in less than 10,000 sq ft category off late.

The city has been witnessing a great demand for office property which has an area of about 1000-5000 sq ft. Also with the increased supply of commercial projects by various popular developers has also resulted in the oversupply of these units.

Rental value starts from Rs 25 per sq ft to Rs 140 per sq ft based on the location, facilities and the developer.  The demand is pushed forward by banking sector, consultancies, heavy engineering companies, insurance companies and many others who are not able to either find space or cannot afford. However, it was seen that there is an increased demand for the units with 1000-5000 sq ft in Gurgaon.

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