Explore Commercial Property Opportunities in Gurugram

A well-located high-street retail unit with a signed tenant typically delivers 6-8% gross on current capital values. Office floors in Grade-A buildings run 7-9% gross. SCO plots vary widely — a corner plot with frontage on a high-footfall side can exceed 9% once built out and leased, while a badly positioned plot in the same colony may struggle to clear 4%. Net yields run roughly 1-1.5 percentage points below gross after maintenance, property tax and vacancy provisioning.

SCO gives you freehold land ownership, control over the build-out, no dependence on a maintenance agency and the ability to construct for a specific tenant's requirement. The trade-off is that you carry construction cost and execution risk, and the ticket size is larger. Strata retail is lower ticket and ready to lease, but you own an undivided share with common-area maintenance obligations and no control over neighbouring tenant mix. For investors with ₹5 crore plus and a 7-10 year horizon, we usually favour SCO. Below that, well-chosen strata retail in a proven catchment is more practical.

We look at the resident population within a three-kilometre radius and its absorption timeline, the office seat count that will be operational within walking distance, competing retail supply either delivered or licensed in the same catchment, the anchor tenant mix and whether those anchors have actually signed or are merely in discussion, and the access pattern — which side of the road carries the evening footfall. A project can be beautifully built and still fail on the last point alone.

GST on under-construction commercial property is 12% with input tax credit available, versus 5% without credit on residential. If you are leasing the asset commercially and are GST-registered, that input credit is typically recoverable, which materially changes the effective cost. Rental income is taxed as income from house property with the standard 30% deduction, and capital gains on sale after 24 months qualify for long-term treatment with indexation. We work these through with partner chartered accountants before you commit, because the post-tax yield is the only number that matters.

Yes, and we would prefer to be involved before you buy precisely so the asset is leasable. Our leasing mandate covers tenant sourcing and screening, lease negotiation including escalation and lock-in terms, fit-out supervision, and ongoing rent and renewal management. On retail we also advise on tenant mix so you are not placing a competing brand next to your existing tenant.

Materially so. Gurugram's commercial corridors carry deep new supply, which means pricing power sits with the buyer and project selection matters enormously. Dwarka is a DDA-planned sub-city with very limited new commercial land release, so inventory is scarce and institution-grade. The Yashobhoomi convention centre and the airport express metro have added a footfall and hospitality demand layer that Gurugram's suburban retail does not have. Different risk, different return profile — both worth holding in a portfolio.