Gurugram is one of the fastest-growing cities in the National Capital Region (NCR) and has long been a point of interest in terms of business growth, technology advancements and urban planning. The Haryana Shahari Vikas Pradhikaran plans to develop the sector into a prominent business centre that will have a positive impact on Gurugram’s commercial property. Additionally, the present land in this area is 482 acres, of which 100 acres have already been converted into residential societies, markets, hotels, etc. However, the HSVP is also likely to provide an overall increase in the appearance of this sector by mainly concentrating on the 382 acres of the vacant plot. Sector 29 will be expanding the business horizon, increasing the demand for commercial real estate and providing a wide range of opportunities for companies looking for shared spaces to establish their presence in this developing area.
Connecting Sector 29 to Key Business Hubs
Sector 29 brings an unmatched connectivity that sets it apart from other business complexes in Gurugram. It is closely connected to major commercial routes and business parks such as NH-48 and Cyber City. Given the location, this brings an easy opportunity to reach Delhi NCR and IGI Airport, making it one of the ideal locations to get direct access to local and global markets.
Retail Growth and Entertainment Destination
Sector 29 is well-known for its vibrant nightlife, hustling restaurants, and aesthetic cafes; the potential for more retail and entertainment exposure stands in its development into a CBD. With more businesses shifting to this area, various changes will be required, like upscale shopping, entertainment, and lifestyle venues. The growth of this industry will see the introduction of luxury retail chains, shopping malls, and cultural expo centres. As sector 29 continues to develop, it is soon set to become the commercial and cultural hub of the city.
Government Initiatives and Infrastructure Growth
HSVP’s new policies and master plans are the vision behind CBD, as these policies aim to develop a sustainable, smart infrastructure that addresses the requirements of the businesses. The government prioritizes sustainable urban development, including the provision of green areas and traffic control. These progressive policies position Sector 29 as the future-ready destination, placing it as the urban growth model.
The Rise of Commercial Opportunities in Sector 29
The transformation of Sector 29 into a CBD will be a hub for multinational companies (MNCs), start-ups, and co-working spaces. The sector will grow in corporate offices, retail stores, and luxury hotels. As the demand for commercial space continues to grow, all types of businesses will eagerly tap into this ecosystem. With the best amenities, quality office space, and international standard services, the area is bound to attract global corporations looking to get into the booming real estate sector of Gurugram.
Benchmarking Sector 29 Against Other CBDs
- Connaught Place (Delhi): The development of a new business complex and green infrastructure is set to bring a business-oriented, cutting-edge alternative to the current commercial hub.
- Cyber City (Gurugram): Sector 29 offers new features and infrastructure, fostering existing commercial zones and providing companies with diversified space options in an expanding, modern environment setting.
- Bandra-Kurla Complex (BKC, Mumbai): Sector 29 offers enhanced connectivity and strategic positioning to the brands, thus becoming a superior option over BKC. With excellent connectivity to highways, Metro, and IGI Airport, it ensures unparalleled connectivity for national and global businesses for improved performance.
For companies, investors, and real estate developers, Sector 29 represents an opportunity to be included in development that will shape Gurugram’s economy for generations ahead. As the space keeps expanding, it will become a key driver in determining the future of Gurugram’s real estate space, making the city one of India’s business hubs. Additionally, a far more advanced sidewalk setup will include skywalks and foot overpasses. Further, it would introduce proper landscaping, advanced transformation, and absolute wastewater treatment for visitors and working professionals in the area.