Gurugram, formerly known as Gurgaon, has moved way ahead from once being the outpost of Delhi to becoming one of the biggest commercial and financial hubs in North India. Today, the city of Gurugram is surrounded by skyscrapers, buildings, next-level residential societies, etc.
Multinational brands coming to India and setting up their Asian headquarters in the city is surely something notable. In fact, Gurugram is home to offices of more than half of Fortune 500 companies in India, which is why it is also called the Millennial City.
What is more prominent is the fact that with these MNCs coming, the opportunities for many retail business holders have evolved, bringing in so much business. The city offers plenty of opportunities for malls, hypermarkets & supermarket operators, and high street retail. The city is home to 106 hypermarkets and supermarkets, including high-end brands such as Le Marche, Nature’s Basket, etc. It is also home to around ~ 90 operational malls.
Gurugram also has a host of entertainment-cum- food zones such as Cyber hub, Bani Square, Sec-29, Galleria, Good Earth City Center, Cross point, etc. The rent is available in the range of INR 75-450/ Sq. Ft.
All these prospects make Gurugram a hub for retail business as it upholds opportunities one cannot imagine.
In markets like Gurgaon, if you plan to set up a retail venture, it is generally advisable to take support from research & business consulting companies such as The India Watch. Always remember that Gurgaon is fraught with opportunities. However, it is a competitive market, and to succeed in such a market, it is always advisable to get access to valuable insights, information, and data.
The Range of Services by The India Watch includes the following: