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The initiative by the Government of Haryana in inviting investments to Gurgaon has brought about the active growth in knowledge based industries like IT Services. This has created demand for office space and consequently to residential properties in Gurgaon.
In commercial space reputed developers like DLF, Unitech, Vipul, Vatika, JMD, Omaxe Parsvnath, Suncity Projects Ltd. are pushing the concept of workspace, urban living and leisure time in all directions. The realty boom is unbridled but eminently sustainable.
Malls in Gurgaon have been instrumental in giving a pattern to mass affluent household spends as retail and commercial business is becoming specialized. There are a number of large format retail stores in Gurgaon and existing formats are changing radically according to size and category.
Office spaces in corporate buildings as well as in commercial centers like IMT Manesar, Pace City, InfoCity and Udyog Vihar in Gurgaon have catapulted Gurgaon to become the Commercial hub of India. Golf course road has become the hub of corporate office space with several grade A building like Global Foyer, Vatika Towers, Augusta Point, Centrum Plaza, Orchid Square and Vipul Tech Square coming up here. Sohna road is also witnessing hectic office space development by developers like Spaze, Bestech and Omaxe.
The proposed Expressway to Jaipur, Metro Rail connection to Delhi and the Special Economic Zone to be developed by Reliance Industries are already adding value to Gurgaon apartments for builders and owners. About eight SEZs are expected to be set up which have mandates to build up residential areas or zones in order to improve the total infrastructural class in their respective areas.
The assortment existing in residential segment has Bungalows, Houses, Villas, Flats, Farmhouses, Penthouses and much more. Most of the residential units have power backup club house facilities, multipurpose hall, pool, day care, car washing facilities and children's play area. The Uppal group, Rahejas, DLF and Unitech are vying for the SEZ developments in Gurgaon.
Other areas developing fast as a shopping street are Sohna Road, National Highway no 8, Dlf Phase I, Dlf Phase II, Dlf Phase VI, Sector 15 Part 2 and many more. Hilton Hotels Corp., the second-largest US provider of rooms, and joint venture partner DLF Ltd, have plans to invest $1.5 Billion for setting up a chain of hotels across the country, around 50 to 75 hotels. Today group in alliance with InterContinental Group has come up with a 235 room Five Star Hotel in on NH-8 opposite Signature Towers. Vatika is also developing the Westin Hotel on M.G. Road and is expected to commence operations by 2010. HUDA has auctioned big pieces of land in sector 29 Gurgaon for Hospitality related developments.
Healthcare in Gurgaon is being developed on a world class platform. Artemis Health Institute (AHI), at Gurgaon is a 500-bed super-specialty flagship hospital established by Artemis Health Sciences (AHS) - a healthcare venture launched by the promoters of the Apollo Tyres Group. Dr. Naresh Trehan is coming up with a multi-disciplinary medical city named "MediCity" in sector 38 Gurgaon, with training institutes, R&D centre and special synergy of both alternative and modern medicines for treatment to be setup in Gurgaon. "MediCity" promises to bring in a new era of medicine. It plans to integrate super specialties like cardiology, neurosciences, oncology, and high-end orthopedics among others. Ranbaxy Group Company too has started work on its 950-bed Fortis International Institute of Medical Sciences; spread over 10.7 acres of land in the heart of Gurgaon. Other Hospitals in Gurgaon include Max Healthcare, Privat, Umkal and Paras Hospital.
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