Gurgaon has emerged as a vibrant industrial real estate hotspot, as the industrial and commercial property market in the city has been buoyed by demand for high-quality office space, factories, and larger warehouses. The booming infrastructure, economic prosperity, and rapid urbanization are laying an ideal platform for the industrial real estate sector. The industrial real estate market is experiencing increased investment from prestigious investors and industry giants and the industrial real estate growth is more noticeable in this city.
The city in the last few decades has emerged as an industrial hub because several industrial investments have been made here because of the proximity to the country's capital New Delhi and NCR. Because of its strategic location and rapid infrastructural developments, the millennium city has become the most sought-after destination for industries, fortune 500 multinational companies, and some major IT companies. Gurgaon has a diverse range of companies, from automobile manufacturers to major telecom players, and is also the third largest financial and banking hub.
Gurgaon proximity to an international airport, good office, and warehouse stock, along with government incentives to the sector has kept this city high on the radar of industrialists and investors. A series of development in the infrastructural sector has further led to several dedicated industrial hubs including Bawal, Dharuhera, Manesar, Neemrana, and Bhiwadi along with Udyog Vihar, Cyber City, and Sohna Road. All the infrastructural developments have increased the interest of developers and hence the industrial boom in Gurgaon is going to stay.
With brands like Toyota, Mitsubishi, Honda, Suzuki, etc. making colossal investments in industrial real estate, Gurgaon is witnessing a significant boost in its industrial real estate sector. To stay close to the huge network of corporates in Gurgaon, many startups are setting up their base in Gurgaon. This is backing the industrial and manufacturing sector with much-needed technology, IT, and innovation support.
Many industrialists are setting up industries in Gurgaon because no other city in India offers such a gamut of skilled professionals in a single place. With diverse industries joining the bandwagon, Gurgaon turns out to be a lucrative option for potential investors.
Gurgaon's strategic location adjacent to NH-48 makes transportation and distribution easy so the city has become a hub for numerous warehouse and logistics providers. The majority of warehouses in Gurgaon are ideally located in areas well connected to the international airport, railway station, NH-48 highway, and several consumption markets of Gurgaon and Delhi. Gurgaon offers quality warehouses having adequate storage options that are also capable of handling hazardous goods. The warehouse and logistics facilities are readily available as and when required by brands. There is a tremendous demand for warehousing and logistics services in Gurgaon because it is one of the greatest consumer markets and several e-commerce giants like Flipkart, Amazon, and Myntra are rapidly expanding their foothold and this is feeding into the demand for warehousing and logistics.
Warehouses in Gurgaon are one of the largest warehousing and logistics markets in India, as the city offers great advantages to third-party logistics companies. The Grade-A warehouse rental in Gurgaon is economical compared to the warehouse rent of its peers. Large-scale development of logistics and warehousing infrastructure is expected in the city because of the Kundli- Manesar- Palwal (KMP) expressway and the Integrated Multi Modal Logistics Park at Bawal spread over 1200 acres. The one km stretch on both sides of the KMP expressway will be an investment zone. An increase in demand for advanced logistics especially bulk and break-bulk cargo and container traffic is expected in the city. The growth of this sector is likely to continue because the investment is more stable.
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