Retail Space

Commercial Property has various facets and one of the important facets is Retail Space or Retail Property. To put it simply, retail spaces are shops that sell products. These could be clothing shops, departmental stores, cosmetic stores, and even pharmacies. One can imagine that the sterling growth of Gurgaon has led to the opening up of a plethora of retail spaces for the use of shop owners who want to provide the residents of Gurgaon and all those who come to the City, with a great shopping experience.

The Shopping Malls

Gurgaon could literally be called a City of Shopping Malls or a Shopping Paradise. The amount of shopping malls in the City will actually make your mind boggle. All the shopping malls in Gurgaon offer retail space to various kinds of shops, or shall we say products. The great benefit of shopping malls is that once you are inside one shopping mall, rest assured you will be able to purchase a majority of your shopping requirements in that single mall.

They are indeed the one stop retail solution for shoppers and entrepreneurs. Another benefit of such shopping malls is the fact that a large number of product brands converge to offer you the full spectrum of choices. Here, you can get the best of both international and domestic brands; each vying for your attention. A shopper is the King or Queen of this shopping domain.

From the Shop Owners Perspective

Shop owners in Gurgaon have to pay a hefty price for the retail space. The problem being the increasing demand for retail space and not enough space to go around! Moreover, with the advent of international retail chains, the competition is not just in the retail space in Gurgaon but the competition all over India is tough. These chains are willing to put in a large amount of money for a retail space in a profitable location. Thus, the price of retail space in Gurgaon has hit the roof. Domestic retailers and potential shop owners have to shell out the kind of money that these international chains are capable of spending.

As can be imagined, it is an expensive process, but well worth it. With the amount of footfalls in shopping malls, you are assured of potential customers. This is the reason why retail space in Gurgaon is gone before the retail project is even complete.

Here is a very small list of the shopping malls that offer retail space.

» DLF City Centre
» The Galaxy Mall
» MGF Mega City Mall
» Oxaxe Plaza
» The Plaza
» Ambi Mall
» Sahara Mall
» DLF Grand Mall
» MGF Metropolitan Mall
» The Gold Souk Mall
» DLF Grand Mall
» The Landmark Mall
» Gurgaon Central
..And many more

Retails Space in Shopping Complexes and Streets

There is retail space available in the various shopping complexes as well. These spaces might be a little cheaper than the space offered in shopping malls but the difference in expense might be very small to warrant attention. However, the fact of the matter is that even these spaces are in great demand and you will have to be very quick if you want to lease one or even buy one. Every City in India has its very own street that is famous for shopping. Even Gurgaon has one, but most retail space in such streets is already occupied by shops that have been in operation since ages.

This article should give you a brief idea of the retail space scenario in Gurgaon. If more information is needed on the same one should get in touch with a property developer or a real estate agent.