"Gurgaon continues to dominate as a corporate hub with increased investments in real estate by institutional investors and developers," CBRE said in a statement.
Gurgaon has become the new Central Business District of NCR with over 70 per cent share in office leasing.
"With over one billion dollar of investments by way of land acquisition and financing, the overall long term outlook is bullish with commercial office markets in overdrive and emerging areas of Gurgaon offering excellent residential development opportunities," CBRE said.
This is driving significant institutional interest (as well as investment commitments) to capture the growth wave of increasing lease rents and high sale prices. Further, increase in such demand is further leading to an increase in working population thereby generating additional housing demand.
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"Investments by institutional investors and developers alike show enhanced confidence in Gurgaon's future. Future ready trunk infrastructure such as roads, power and water; ready social infrastructure clubbed with affordability has been the key driving factors of the region," said Anshuman Magazine, Chairman-India & South East Asia, CBRE.
In addition to bullish investors, prominent international developers from China and other neighboring countries are evaluating Gurgaon as their first market for investment.
Reputed developers have joined hands with strong institutional investors to actively acquire strategic land positions within emerging areas of Gurgaon, which is a clear indicator of the expected long term dividends, the consultant said.