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Commercial Lease: Gurgaon Has An Advantage - Articles SurfingIntroduction The factors for growth in commercial real estate lease in Gurgaon The leading corporate offices: Gurgaon is one of India's major outsourcing hubs, housing major multinationals such as Agilent, Alcatel, American Express, British Airways, Convergys, eFunds, Ericsson, KLG Systel, Keane India Ltd., Fidelity Investments, Genpact, HCL technologies, Hewitt, Hindustan Lever Limited (the Indian division of Unilever), IBM, Siemens, Flextronics, Coca-Cola, GSK, General Motors, Gillette, HP, Hitachi Metals, Nestle New York Life, Nokia, Pepsi, Trinity BPM, Xerox, etc. The biggest car and motorcycle manufacturers in India, namely Maruti Udyog and Hero Honda also have plants in Gurgaon. Proximity to the international airport: Gurgaon's proximity to New Delhi and its airport and availability of good quality and cheaper office buildings and residential complexes have proved attractive to many companies who have shifted their corporate and back offices from New Delhi's business centres to Gurgaon. Cheap availability of land: The vast expanses of land in Gurgaon makes it easier for multinationals to set up their lavish office space here in Gurgaon, than any other place in India, where commercial lease is an expensive affair. Gurgaon offers an excellent location to start up an industry as it is in close contact with cosmopolitan world, being close to the National Capital of Delhi. It offers excellent law and order situation with peaceful environs. These pivotal factors have helped it attract a sizable number of investments from Multinational companies, large business houses, foreign investors, Non-Resident Indian (NRI) etc. A healthy and hi-tech business environment: Gurgaon is home to offices of several MNCs as it provides a healthy and hi-tech business environment. It offers fully-furnished offices and corporate spaces developed by DLF, Unitech, Vatika and Vipul. The coming up of world class business centers and cybercity is attracting the MNCs in a big way. By paying a little extra, the MNC clients can set up their office without bothering about other necessary services like security, investment in interiors, data cabling and Internet connectivity, utilities, internal housekeeping, besides electrical and AC provisions. Real estate investors in favor of commercial lease: International investors like the US-based Warburg Pincus, Blackstone Group, Broadstreet, Morgan Stanley Real Estate Fund (MSREF), Columbia Endowment Fund, California Public Employees' Retirement System (CalPERS), Hines, Tishman Speyer, Sam Zell's Equity International, JP Morgan Partners and Amaranth Advisors have been found to show interest. A few funds belonging to Warren Buffet's Berkshire Hathway are also interested. A 100% FDI in real estate is now attracting overseas developers are closer to the commercial real estate market. Conclusion
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