Gurugram, officially known as Gurgaon, is India’s second-largest information technology hub and the thirdlargest banking and financial hub. Situated on the Delhi-Haryana border, Gurugram has rapidly evolved into a major satellite city of Delhi. The city’s impressive growth and development have made it a prime location for investment, especially in Shop-cum-Office (SCO) plots. As the eighth largest city in terms of total wealth, Gurugram is home to many of the country’s largest companies, thousands of medium and small-scale businesses, and a burgeoning medical tourism industry.
What are SCO Plots?
Shop-cum-Offices (SCO) are a unique commercial real estate asset class that has seen substantial growth in recent years. SCO plots in Gurugram, the most prominent and profitable location in the National Capital Region (NCR), typically consist of co-working spaces, offices, hypermarkets, cafes, restaurants, and retail units. They also provide commercial spaces for banks, gyms, fitness centers, ATMs, and healthcare facilities.
SCO plots are strategically located in commercial districts that offer easy connectivity to the city. According to recent studies, approximately 71.6 acres of land in Gurugram are under SCO development, with the market expected to expand by 30 to 40 percent annually. This rapid growth presents an excellent opportunity for real estate investors to invest in Gurugram.
SCO Plots in Gurugram
Many plots in Gurugram are currently under SCO development, particularly in sectors close to the Dwarka Expressway. The announcement of the opening of the Gurugram section of the Dwarka Expressway has attracted significant interest from real estate developers and investors. The SCO real estate market trend proved lucrative even during the global pandemic, with Gurugram standing out as a hub for SCOs.
The city has a significant amount of land under SCO development, especially near Golf Course Extension Road and Dwarka Expressway, two of Gurugram’s poshest localities. These SCO projects have registered a rise in sales due to the conducive corporate environment and flexibility for real estate investors in building plans and customizations.
Demand for SCO Plots
The first half of 2022 saw companies calling their employees back to the office, leading to a surge in demand for office spaces in Gurugram, also known as India’s SCO Capital. The city’s startup culture, despite a potential slump in funding, is supported by various government schemes, increasing the demand for co-working spaces. These co-working spaces are considered plausible financial investments for early-age startups.
SCO Plots on Dwarka Expressway
Dwarka Expressway in Gurugram has now become a hotspot for SCO investments. The area offers developers and investors numerous options for commercial use. Many SCO plots are available for sale, allowing investors to develop and design these spaces according to their preferences and needs. These plots can be used for retail spaces, office spaces, hypermarkets, and more. Furthermore, these SCOs are developed on a low-maintenance module and offer numerous benefits such as spacious parking spaces, security measures, and more.
Eco-friendly Measures in SCO Plots
Eco-friendly measures are increasingly being incorporated into SCO projects to ensure a smooth functioning environment while reducing environmental impact. SCO projects are equipped with rainwater harvesting systems and solar light provisions to meet the Environmental, Social, and Governance (ESG) targets set by real estate developers.
Commercial Projects in Gurugram
The demand for office space has made Gurugram a hotspot for SCO plots. The city offers a range of commercial projects built on a low-maintenance module with excellent connectivity to nearby areas. These commercial projects are designed with state-of-the-art infrastructure and feature world-class amenities and facilities. Strategically located, these SCO projects ease the everyday commute of buyers.
WAL Developments: Leading the Way
After successfully delivering WAL Street 73, WAL Developments is coming up with a new SCO plots project on Dwarka Expressway. This new project is set to be a landmark in Gurugram, offering premium commercial spaces designed to meet the needs of modern businesses. With a focus on sustainability and innovation, WAL Developments continues to lead the way in creating exceptional real estate opportunities.
Summing Up
Gurugram, renowned as an IT hotspot in India, is home to numerous posh localities and societies. The city’s strategic location between New Delhi, Manesar, and Gurugram makes it an upcoming SCO hotspot. With the growing demand for office and retail spaces, Gurugram presents an excellent opportunity for real estate investors and developers to invest in SCO plots. The city’s convenient connectivity to Delhi NCR and other major cities makes it an ideal location for business investments. With ongoing and upcoming SCO projects, Gurugram is set to see a significant rise in commercial real estate investments.
By choosing to invest in SCO plots in Gurugram, you are not only tapping into a lucrative market but also contributing to the city’s rapid development. Stay ahead of the curve with WAL Developments and explore the promising opportunities in the heart of NCR. Visit our website to learn more about our projects and how we are shaping the future of real estate in Gurugram.
