MODERN CONCEPTS REDEFINING COMMERCIAL REAL ESTATE

Desires and dreams are the most powerful drivers that can take a development to another level altogether. Concepts and ideas are born from these desires to achieve something new and unique, something that can be a transformation or something that can become a benchmark. With such a frame of mind, developers in NCR are planning and building unique structures with distinctive set of facilities and amenities not only to pamper or attract customers, but to redefine today’s commercial real estate.

   India is in a phase where the demand for commercial property is on the rise and developers are coming out with more and more commercial offerings. NCR market is an example of such a development where destinations are been exclusively shaped up to develop commercial centres. Destinations such as Gurgaon and Noida expressway are illustrations of stunning commercial developments of modern Indian real estate. These destinations began as the hub for industrial setups and for the last decade or two; private players have understood the importance of the provided infrastructure and to convert them into commercial destinations with different concepts in different projects.

Earlier, almost every commercial project just offered studio apartments, office spaces or retail spaces. Now days, we see the concept of virtual spaces, fully furnished service apartments, banquets, shopping malls, high street retail and much more. To the surprise of everyone, developers today are very smart and believe in offering almost all of these units under one roof. This is the concept of modern commercial real estate; to provide the users of the project with everything at just one destination so that one does not have to wander from place to place for meetings, conferences, shopping, eating or anything else one can think off.

 With such plans in mind, KPDK Buildtech is a new entrant in the NCR market who is soon going to launch its maiden commercial project ‘Newtown Square’ in Sector 95 A, Gurgaon. The company has unique plans for its project, wherein they will offer food court, banquet, high street retail, service apartments, retail space and much more. The concept of high street retail promises to offer top-notch brands across the globe in just one gallery. Having a banquet in a commercial project will allow companies to have corporate events along with parties. Food court will make sure that no body needs to leave the premises to hunt for one restaurant. Another most prominent reason why the project is sure to get advantage is the strategic location that it shares. The project is located on main Pataudi road which is in proximity to KMP expressway, Dwarka expressway and NH8; where a lot of residential construction is going on. This residential construction will pave way for a lot of footfall at the project due to the food courts, banquet, multiplex and retail. With such remarkable facilities, location and offerings, the project is sure to take the region with a surprise. M. K. Gupta, Chairman, KPDK Buildtech says, “There is a lot of competition in real estate market of NCR. In order to stay ahead of it, one needs to be very thoughtful and creative. We have left no stones unturned to offer rare facilities and that also, in one structure only. Our project will be able to satisfy all the commercial needs of its users. With the concept of high street retail, we wish to provide the users with the best brands of the world at their footsteps. Nobody will have to go to posh markets of Delhi to search for such high end brands anymore”.

    Sailing a similar boat, realty major of NCR; Cosmic Group had launched its commercial projects Cosmic Corporate Park at Sector 140 and Cosmic Masterpiece at Sector 154, Noida expressway. These projects has been spread across several acres with office spaces, IT plots, studio apartments, virtual spaces and much more; providing seven star facilities along with modern and comfort lifestyle such as spa, themed restaurant, restro bars, serene pool and much more. SushantMuttreja, CMD, Cosmic Group says, “The main purpose of coming out with these projects was to offer office spaces along with all the possible luxurious amenities for a daily office commuter. Modern day commercial development demands luxury, comfort, style and return; and with our projects we believe to satisfy all those requirements as well. The daily routine of a modern day corporate employee is so stressful that they do not have any time for recreational activities. In our project, we are coming equipped with all such facilities so that one can work and relax”.

Ansal Housing’s Ansals Town Walk located at Sector 104, Gurgaon is inspired by the international “High Street” markets and corporate culture, where the retail environment has been designed to provide an informal atmosphere for shopaholics, especially those who like to shop post office hours and not on holidays. It is a perfect location for modern day offices. The floor plans cater to large corporates and small enterprises as well, including personal offices. The project is providing varied eating options for one and all. Fine dining restaurants, coffee bistros or simply take-away joints so that your wish can be fulfilled. In a crux, the project is a right mix of retail and corporate. KushagrAnsal, Director, Ansal Housing says, “The demand for commercial real estate has grown so much in India that, developers are under extreme pressure to perform well. Offering the same stuff every time is not allowing the project to be successful. They are being pushed to think deep and come out with something that has not being seen or heard off much. Hence, today we see offerings that are very rare across the globe. In order to fulfil most needs, the builders are putting every possible unit and amenities in their projects so that the customers have different options to choose from and all the requirements are met in one project only”.

  With such a high demand and lots of concepts to choose from, customers today are getting the best in the market. At the end of the day, this is not only helping individuals or companies but the nation in general as development of one region at a time will mean development all around.