Gurgaon is no more known as the Farmer’s land, especially after it has become a place for sprawling skylines, noteworthy businesses, a pivot for startups, bistros, shopping malls, urbanized lifestyle with endless nightlife and clubs. In other words, the city of Gurgaon (now Gurugram) has everything that millennials aspire to. More than half of fortune 500 companies are located in Gurgaon, because of which it is also sometimes called the millennial city of India.
It is situated 30 kms from the national capital New Delhi and is one of the biggest metropolises in India in terms of economic wealth. The city, which is spread across ~ 732 km scores high in terms of the Human Development Index. The average per capita income of Gurgaon is over INR 400,000, growing at a CAGR of over 9% over the past 10 years.
Now, coming to the reasons why this city can be an ideal place to begin your startup or establish a new branch of an already established business -
Infrastructure: Gurgaon has some sprawling roads, overpasses, and underpasses that have made it a cosmopolitan city. Upon that, it is equipped with India’s first intelligent traffic system that enables the city to have better control and traffic navigation. This ultimately results in making office-hour travelling quite convenient for the people aspiring to work in the city. These infrastructural and technological advancements contribute in making Gurgaon a true millennium city of the nation.
There are bus services as well as Rapid metro transit system supporting the mass commute of the people. The yellow line of Delhi Metro has been extended till Huda City Center in Gurgaon, thereby seamlessly connecting Gurgaon with New Delhi and Noida.
Luxurious Lifestyle: Biggest businesses in the nation are taking the go-ahead towards Gurgaon, which leads to millennials making their way to this job hub. It also leads to building elite-class residential space, followed by luxurious cafes, restaurants, shopping malls, business parks, recreations, etc. Also, Gurgaon has various showrooms offering luxurious cars to keep up with the position and status the working class has been uplifted to. People living in this city have access to all the best amenities. And to call it the Silicon Valley of North India will not be a crime.
Some of the prominent residential and commercial hubs in Gurgaon include DLF Phases (1-5), Sushant Lok, MG Road, Golf Course Road, Golf Course Extension, Udyog Vihar, etc. Gurgaon is also party to some upcoming destination such as Sohna, Sohna Road, Dwarka Expressway, etc. In future, these destinations will also drive a major portion of Gurgaon’s housing, commercial, industrial demand.
New Business Capital: Bangalore and Mumbai have proudly worn the crown of being business and startup capitals of the nation. But space scarcity has been demonstrated to be a curb in their growth. Upon that, Gurgaon has a great scope for expansion and enjoys contiguity to the national capital of the country, i.e., Delhi. These elements have quickened the development of the city. Most businesses are shifting from Delhi to Gurgaon due to restricted supply and high-rise prices. The city of Gurgaon is the 3rd largest BFSI and 2nd biggest IT/ ITES market in the country.
These aspects, along with many others, make Gurgaon the right choice of place for you to begin your new venture or open another office of your globally proclaimed business.
In a place like Gurgaon, if you plan to start a new venture, open a branch of an existing business, or 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.
Our team at The India Watch has done its research and knows what location, domain, infrastructure, etc., will suit what type of business in the city. Thus, we can be your business advisor for the best outcomes.
The Range of Services by The India Watch includes the following:
In addition to dealing with Indian clients, we also deal with international clients and investors and help prepare end-to-end market entry road maps for them.