How do you compare the average market price and circle rates in buying a commercial property?

In the housing sector of India, over the past five years, the latest data points towards a concentrated difference between the actual market prices of the commercial property and the circle rates in the major cities.

DELHI-NCR

In Gurugram, the market price at Expressway of Dwarka stood at about Rs 5,340 per sq ft while the circle rate of the commercial property in Gurgaon is about Rs 4,133 per sq ft. At the Sohna Road, the market rate is about Rs 6,710 per sq ft, up 35 per cent from the respective circle rate of Rs 4,969 per sq ft. Golf Course Road tips an average market price of the real estate of about Rs 13,150 per sq ft while the circle rate is about Rs 7,530 per sq ft.

In Noida, the market price on the respective Expressway is about Rs 5,075 per sq ft while the circle rate is about Rs 4,366 per sq ft. At central Noida, the market rate is basically Rs 4,920 per sq ft as against the respective circle rate of Rs 3,685 per sq ft.

Difference Between The Avg Market Prices And The Circle Rates

Anaraock said its data of research shows the difference between the average market prices of the real estate and circle rates, which was as elevated as 100% in assured localities of Pune, Mumbai, and Gurugram in the year 2015, currently stands at a mere 6 per cent difference.

NEW DELHI

The average market prices of the real estate quoted by the developers around various major Indian cities are about 6 per cent to 75 per cent higher as compared to the price of the government-prescribed circle rates, the particular value at which the stamp duties are paid and all the properties are properly registered, said the real estate consultant Anarock.

The final report comes in the background of heavy conjecture that all the developers might be forced to reduce their respective prices in view of high bank assessment and unsold inventory and also an economic slowdown because of the two-month nationwide lockdown.

A guidance value, circle rates, or ready reckoned (RR) rates are basically the value set up by the state government under which a commercial property cannot be actually registered. Each area inside a city has its own ready reckoner rate on which the particular stamp duty is collected.

In a major trend that is seen in the sector of Indian housing over the past five years, the new data points towards an abridged distinction between the ready reckoner (RR) rates and the real market prices in the principal (sale by the developer) segment in the top cities, said by Anarock in a statement.

MUMBAI

In Mumbai, the average market prices of the commercial property in the Lower Parel are about 6 per cent higher at Rs 34,660 per sq ft as compared with the RR(ready reckoner) rate of Rs 32,609 per sq. In Worli, the actual market value is Rs 38,560 per sq ft while the RR(ready reckoner) rate or circle rate is Rs 35,350 per sq ft.

BENGALURU

According to the latest data for Bengaluru, the market price of commercial property at Rajajinagar is about Rs 13,300 per sq ft as in opposition to the circle rate of Rs 9,012 per sq ft. At Indiranagar, the market rate is about Rs 11,500 per sq ft while the RR(ready reckoner) rate is Rs 10,312 per sq ft.

Not only this, but the average market prices of the real estate at Kharadi and Baner in Pune also higher by 7 per cent and 10 per cent correspondingly than the circle rates in these particular localities.

Source: https://www.spacecreattors.com/blog/circle-rate-of-commercial-property.php

What are the Top Four projects to invest in commercial property in Gurgaon?

Investment in commercial property in Gurgaon has always been seen as an exemplary means of expanding the portfolio of assets and restoring good returns. And while we’re talking about Gurgaon, it’s developed considerably over the last few decades and has made it almost unrecognizable from what it once was. This remarkable journey of development has given this region a new name: the “Millennium City.” Commercial property in Gurgaon has one of the best infrastructure growth which is always on a steady upward course. The establishment of a number of IT parks, MNCs, and SEZs has led to unprecedented developments in the city, attracting people from across the country and abroad.

Building on the pattern in urban centres across the country, Gurgaon’s real estate is leading to a revival of investor confidence in the National Capital Region. One of its main reasons for that kind of buoyancy is that it has broken a five-year dry spell, and finally has a strict implementation of the law. The revival of this confidence between buyers could result in an increase in the rates of residential and commercial properties in Gurgaon by more than 10% to 20%.

With the ever-increasing population in Gurgaon, the city has experienced a huge rise in the demand for real estate, not only in the residential areas but in the commercial establishments as well.

One of the most prominent builders in Gurgaon is the AIPL group.

About AIPL Group:

Advanced India Projects Limited (AIPL) has been in the real estate business for almost 30 years. They have built 2.5 million sq.ft. of office spaces, 2.8 million sq.ft. of retail spaces and 340 acres of township development. Their major focus is on quality and sustainability. These attributes are visible in their developments which exude durability and best in class technology. Apart from these values, AIPL has continuously focused on innovation in their projects and specialise in the integration of modern technology with strong fundamental values. Their continued success in building commercial properties in Gurgaon has been possible due to their consistent commitment to their core values.

LET US HAVE A LOOK AT THE FOUR MOST PROMINENT COMMERCIAL PROPERTIES IN GURGAON

#1 COMMERCIAL PROPERTY IN GURGAON – AIPL JOY GALLERY

AIPL Joy Gallery is a mixed-use retail development and is a prominent commercial property in Gurgaon. It offers a combined package of Premium Retail, F&B outlets, Food Court, Restaurants, Cafes and an Entertainment Zone. Considering the growth in disposable incomes of people in Gurgaon in l̥ine with rising opportunities, this development offers a handsome opportunity to investors.

Project Highlights –

• Located in Sector – 66, Gurgaon
• Project Area: 4.28 acres
• Price Starting at Rs. 60L
• Expected Possession: June 2024
• 24X7 security service.
• 11% assured returns.

#2 COMMERCIAL PROPERTY IN GURGAON – AIPL JOY SQUARE

AIPL Joy Square, located in sector 63 A in Gurgaon is one it's kind commercial property in Gurgaon. It is an integrated commercial and residential property. AIPL has leveraged its upper hand on quality and sustainability to create a feasible residential-retail space. With AIPL Joy Square, the developer has established a unique type of property segment. This has raised the bar for the high-end retail market in the area. This property speaks for the high paced growth of the city itself. There is no doubt that It is touted to become one of the best upcoming commercial properties in Gurgaon.

Project Highlights –

• Located in Sector – 63 A, Gurgaon
• Project Area: 2.84 acres
• Price Starting at Rs 25 Lakhs
• Property Under Construction
• Expected Possession: January 2022
• Premium amenities
• 11% assured returns

#3 COMMERCIAL PROPERTY IN GURGAON – AIPL JOY STREET

AIPL Joy Street takes the expertise of AIPL one step further by offering a unique blend of Retail, entertainment, F&B and serviced apartments in a single package.

Serviced Apartments: AIPL offers luxury studios and 1 BHK apartments with world-class amenities including housekeeping, 24/7 concierge and reception desk, laundry service, Gymnasium, swimming pool and spa. There has been a consistent influx of young population in Gurgaon from different parts of the country, this has raised the demand for high-end studios. AIPL has truly captured the rising trend and presented a lucrative investment opportunity for the buyers.

Commercial Space: AIPL has a variety of commercial outlets ranging from small to large spaces for different types of businesses. Each space includes state-of-the-art facilities equipped with modern design and the latest technology. In addition to this, there are smart suites office spaces which are fully equipped with modern facilities like data connections, power backup, flexible office setup options, ATMs, restaurants and cafes in the vicinity to make the office area more desirable and attract more crowds. All in all, Joy square is a major upcoming commercial property in Gurgaon.

Project Highlights –

• Located at Sector-66, Golf Course extension road, Gurgaon
• Price Starting at Rs. 70L
• 100% power backup
• Data connection
• High-end 1 BHK and Studio Apartments
• Expected Possession: September 2020
• Get 11 % assured returns

#4 COMMERCIAL PROPERTY IN GURGAON – AIPL BUSINESS CLUB

AIPL Business Club is designed to meet future business needs. The group has held on to its fundamentals of sustainability by developing an office space which has all the facilities that the business would need in future as well. This is an aspect which would attract a large number of businesses.
AIPL Business Club includes co-working spaces, corporate retail spaces, fine dining, valet parking, driver lounge, locker room and shower room for support staff, ATMs, banks, shuttle services to rapid metro, luxury amenities like an infinity pool and golf putting greens.

With almost all the needs of businesses taken care of, AIPL Business Club definitely creates its mark as a major commercial property in Gurgaon.

Project Highlights –

• Price starting at Rs. 55L
• Project Area: 4.18 acres
• Located in Sector-62, Golf Course Ext. Road, Gurgaon
• Ready to Move-In
• World-class amenities
• Business Lounge & 24×7 Concierge Services
• 11% assured returns

THE PATH FORWARD –

Commercial Investors have shown great interest in commercial property in Gurgaon, and recently NRIs have also begun to invest in the commercial space, mainly as a result of profitable returns. When we equate investment in the commercial with residential, it can be assumed that returns from commercials are higher. An increase in the number of private equity funds displayed an involvement in the commercial office space in 2018, preceded by the very same in 2019. And with the success of India’s first REIT trickling in, the pattern of commercial office space getting the upper hand in real estate holdings will continue. There is a possibility of more injection of liquidity in commercial real estate and builders will come up with more projects in this category.

Source: https://www.spacecreattors.com/blog/top-commercial-property-in-gurgaon.php

Why AIPL Joy Gallery Is The Best Commercial Premium Investment In Gurgaon?

ABOUT GURUGRAM’S REAL ESTATE MARKET

Gurugram real estate has been the hot topic for discussion in the Indian Real Estate market for the last few years as it is counted as one of the top locations to invest in. While the city is popular for both residential and commercial properties, it especially peaks the interests of commercial real estate investors due to its growth and development.

In terms of revenue collection, Gurugram’s real estate market is one of the best in India. Gurugram’s commercial properties are bought by many big industries, multinational companies (MNCs), corporate businesses, and big retail brands.

Gurugram is especially famous among the public for its entertainment hubs, shopping centres, high rise malls, food courts, lounges, etc. The recent advancement in connectivity and transportation system has also added to the reputation and has made it the eye of the fish for many investors looking for enticing opportunities.

In this article, we will be telling you about one such opportunity for commercial real estate investors.

About The Developer Of AIPL Joy Gallery

Advance India Projects Limited (AIPL) is a big name in the Indian real estate industry. They offer a wide range of properties including residential, commercial and retail properties in premium locations of Delhi (NCR), Punjab, Rajasthan and Maharashtra. With over three decades of experience, AIPL has grown and thrived immensely in the real estate market. The innovation and excellence of their projects have continuously taken them to new heights.

AIPL is known to be the master of commercial real estate properties. In Delhi (NCR) alone, through their landmark commercial projects, they have developed and managed commercial spaces for over 70 MNCs and Indian corporate houses.

They believe in change and with their motto – “Dream the Change. Create Change. Live the Change.”, it is clear that they want to bring the change they want to see and live in. They view each of their new dreams; new projects as an opportunity to exceed the expectations of their customers and create a bigger impact than last time by elevating to a new level of success. They want to fulfil the desires of their clients and create value for their shareholders.

About AIPL Joy Gallery

AIPL Joy Gallery is a high-end mixed-use premium Retail Development located on the main Golf Course Extn. Road in Sector 66, Gurugram. It is spread over 4.28 acres of land and offers 720 units in 1 tower. It is the future of retail in the city with Premium High – Street Retail, F&B outlets with a food court, Restaurant and Cafes, and Entertainment Zone. The project offers retail shops on ground, first and second floor and office spaces from there on up to 24th floor.

AIPL Joy Gallery is designed by world-renowned DP Architect who is known in the real estate industry for his work in designing retail projects, resorts, hotels, commercial offices and residential projects. Some of his best works include The Dubai Mall, The Orchard Central, Singapore and Select City Walk, Delhi.

The location of this project offers a lot to its owners. The property is near Township and group housing development which is advantageous for the business. It also receives engagement from a large working population from ITSEZs that are in close proximity to the area.

Project Highlights Of AIPL Joy Gallery

• AIPL Joy Gallery is home to spectacular shopping outlets.
• The project is strategically located to invite customers for retailers.
• AIPL Joy Gallery is surrounded by commercial office spaces, retail malls, and high-end residential projects.
• AIPL Joy Gallery is a hypermarket which gives retailers a certain edge over their competitors.
• AIPL Joy Gallery offers high – street retail to its customers.
• AIPL Joy Gallery has F&B outlets with a Food Court.
• AIPL Joy Gallery offers Restaurants & Cafes for the leisure of the public.
• Entertainment Zones are also offered by AIPL Joy Gallery furthering the experience of the public shopping at the project.
• AIPL Joy Gallery offers restaurant spaces with green terraces embracing the sustainability goal.

Location Advantages Of AIPL Joy Gallery

• The location of AIPL Joy gallery is in the Village – Badshahpur, Sector – 66 of District – Gurugram which is 1.10 km away from SH-13 which makes it easily approachable.
• The nearest railway station is Old Gurgaon Railway Station which is 10.30 km away in the NNW direction from AIPL Joy Gallery.
• It is well connected to the Sohna Road and Golf Course Road.
• The nearest airport which is located on Southern Peripheral road (SPR) is 30-minute drive away.
• AIPL Joy Gallery is easily accessible from NH8.

Amenities Offered By AIPL Joy Gallery

The following amenities offered by AIPL Joy Gallery are what makes the investment worth each penny as these will add to the experience of the public, inviting more customers and boosting the business.

1. ATM
2. Lift
3. Fitness Center
4. Food Court and Multiplex
5. Front Facing Shops
6. High – Street Retails Shops
7. Entertainment Zone
8. F&B outlets
9. Office Space & Open to Sky
10. Visitor Parking

PRICE OF AIPL JOY GALLERY

Configuration	Size	Price
Ground Floor – Retail Shops and Anchor Store	900-3500 sq. ft	Price on request
First Floor – Retail Shops	700-1200 sq. ft.	Price on Request
Second Floor – Retail Shops, Food Court and Restaurants	600-1200 sq. ft.	Price on request

Conclusion

AIPL Joy Gallery Gurgaon located in sector 66 is one of the flourishing high street mix commercial projects. Based at bang on Golf Course Extension Road, it features great pace. The premium commercial location also acts as a prime aspect for commutation for the people. Result in a bother free commutation leaving the traffic bedlam of the city. Whether you wish to invest in a Foodcourt, Multiplex, anchor shops, office space or service apartment, each and every segment guarantees secure returns on your investment. Book your preferred space in AIPL Joy Gallery Gurgaon today and own your premium luxury space in the millennium city. To find out more about AIPL Joy Gallery or familiarise yourself with the best real estate investment opportunities, reach out to us at Space Creators and our top experts will cater to all your queries.

Source: https://www.spacecreattors.com/blog/aipl-joy-gallery-best-investment-in-gurgaon.php

Why choose a Commercial Property for rent in Gurgaon?

Since the last two decades, Gurgaon has changed from an economical wasteland to an IT hub. It is one of the fastest rising sectors in India in terms of Commercial Real Estate. Commercial property in Gurgaon and its real estate market is getting a hot property and is attracting the attention of investors as they are getting quite big returns on commercial property and high profits on investments.

Here are a few major reasons to get a commercial property for rent in Gurgaon:

1. Major IT Hub - Gurgaon comes under the major IT hubs of India; as a result, it’s quite popular among commercial property investors and real estate companies. Further, one can easily find skillful manpower, as this city is proximity to cities like Faridabad, Noida, Delhi, and Ghaziabad.
2. Excellent Infrastructure - Gurgaon has witnessed a remarkable upgrade of infrastructural in the past couple of years, which in turn has given a major urge to the growth in this particular region. Areas such as Sohna Road, Dwarka Expressway, and Golf Course Extension are some of the really good areas in Gurgaon where commercial property investors can benefit from a good return on investment (ROI). Owing to all these compensations, Gurgaon has seen investment rise in properties including educational institutions, hospitals, resorts, hotels, housing, and commercial premises.
3. Extensive Transport Network - Apart from the economic activity of Gurgaon, it has practical advantages from several other parts of the city. The biggest benefit of this city is its ability to link, via Rapid Metro System and Delhi Metro. In addition, it has the facility of standard private shuttles and bus routes which provide transport from to and from the airport of the city.
4. Many Multinational Companies - There are a plethora of multinational organizations showing their interest in real estate of commercial property in Gurgaon given the fact that it is a major IT hub of India. Further, businesses are also booming and many domestic industries have established their base in this city. Gurgaon’s popularity as a major investment destination for real estate can be clearly seen by the fact that all foremost real estate players such as Unitech, DLF, Godrej Properties, Indiabulls, and Tata Housing have a commercial project here.
5. High Return on Investment - Commercial property in Gurgaon produces higher returns against the investments.

Conclusion:

No doubt, Gurgaon has become a hot spot for both investors and real estate companies owing to its several benefits. Gurgaon is a perfect place for investment in commercial property because it not only offers you infrastructure, but also provides you potential customers and proper security. We at Space Creators are leading edge in providing all the solutions regarding real estate in Delhi NCR and Gurgaon.

AIPL JOY SQUARE : BEST COMMERCIAL PROPERTY IN GURGAON

After launching 3 key commercial projects in Golf Course Ext. Road – AIPL Business Club, AIPL Joy Street & AIPL Joy Central, AIPL has come up with its much-awaited project, AIPL Joy Square. Located in the centre of 20000+ residential units with entrance on the 150m wide expressway, housing top-quality High-Street Retail Shops, Food Court & Serviced/Studio Apartments, AIPL Joy Square is an opportunity no investor can miss at all.

• Location: Golf Course Extension Road
• Pricing: 24 Lacs* Onwards
• Possession: December 2021
• Property Type: Commercial, Retail and Serviced Apartments

Retail Shops

9000 per sqft. – 17000 per sqft. Onwards

• Booking Amt: 5L*
• Assured Return: 11%*
• Flexi Payment Plans

Food Court

9600 per sqft. Onwards

• Booking Amt: 5L*
• Assured Return: 11%*
• Flexi Payment Plans

Serviced Apartments

7800 per sqft. Onwards

• Booking Amt: 5L*
• Assured Return: 11%*
• Flexi Payment Plans

HIGHLIGHTED AMENITIES

1. The Project is spread over approximately 2.84 acres
2. Open rom all four sides
3. Ground plus 9 Floors with 4 levels of basement plus surface parking
4. Ground and First Floor- High Street Retail
5. Second Floor- Food Court, Restaurants, Café & Retail Shops
6. Third to Ninth Floor- Luxury Serviced Apartments
7. 24×7 Security
8. Elevator Facility
9. Food Court
10. Supermarket and Clubhouse
11. Fitness Gym
12. Visitor Parking Facility

AIPL Pricing Trends

Strategically located on the Golf Course Extension Road, AIPL is launching its one of the most remarkable projects in Sector-63A in a very attractive price bracket. Joy square, which is spread over an area of 3 acres enjoys close proximity to the proposed metro station and is well connected to Sohna Road and IGI Airport.

This magnificent project by AIPL has Retail Area on Ground and First Floor, Food Court on the Second Floor and exquisite fully furnished serviced apartments from 3rd floor onwards. Joy Square is surrounded by high-income group residential area including the likes of Anand Raj Estate, Adnani Samsara, Pioneer Park etc, giving this project an extra edge for your investment.

About AIPL

With a mission to create better, AIPL is India’s premier real estate development company and is known to build quality spaces since 1991. With a multi-dimensional portfolio of retail, commercial and residential segments, AIPL has been redefining the real estate development industry for the past 25 years. Largely known for its high-end delivery and transparency in the market, AIPL has delivered commercial development of over 2 million square ft and residential development of 250 acres.

Frequently Asked Question?

Why You Should Invest in AIPL Joy Square?

1. Safety:

• AIPL has a legacy of delivering projects before time with top-most quality
• Safe investment project, approved by H-RERA No.- 962/2017/1247
• Possession by December 2021, construction is on full swing
• Flexible payment plans with loan facility

2. Location:

• 4 Side Road Connectivity with entrance on 150m wide expressway
• Located in the heart of Sector 63A Golf Course Extension, Gurgaon
• Prominently Located on Greater Southern Peripheral Road
• Surrounded by 20000+ current & upcoming Top Residential Apartments
• 30-minute drive from the airport with easy connectivity to NH8 and Metro

3. Appreciation:

• Architecture by DP Architects- the name behind Dubai mall, Select City etc.
• Double Heighted Retail Shops
• Maximum Visibility
• 200% expected Return on Investment under Appreciation

4. Leasing:

• Lease assurance to be provided by AIPL
• AIPL has a strong team on 15+ resale experts
• Previous AIPL Projects have received massive success on the leasing front
• Top Retail, Food and Fashion have already been onboarded

5. Resale Benefits:

• Mix Land Projects will bring great footfall and hence will create a lot of users requirement
• Residential area near project surroundings will create a huge demand for retail shops
• Small shops in the project will create more liquidity
• 20,000+ families residing near the project

Why You Should Invest in AIPL Joy Square?

Retail Shops: 9000 per sqft. – 17000 per sqft. Onwards

Food Court: 9600 per sqft. Onwards

Serviced Apartments: 7800 per sqft. Onwards

Source: https://www.spacecreattors.com/blog/aipl-joy-square-best-commercial-property-in-gurgaon.html