About premium spaces

The swanky malls and what have you have turned the commercial scene upside down
If there is any city that has taken the real estate market in the country by storm it is Gurgaon. The city can boast of going overboard at that and it is unstoppable yet. Welcome to the city of malls. Malls are the latest craze on the commercial circuit of upmarket real estate locales in India.

They are expansive shopping-cum- restaurant-cum-cinema outlets with the glitter of glass and granite and what have you to make your visit an exciting experience. “Malls add zing to shopping and our weekend life,” says Abhinav who, with his family, spends a Sunday each on a Mall on the Mehrauli-Gurgaon, now better known as MG road. The day is passed shopping, window-shopping and dining at a restaurant.

Often this is combined with a movie at the multiplex in one of the malls. That takes care of the evening as well. But then that is a hip time spent at the mall. Malls are also great place to while away your time in the air-conditioned setting, zipping up and down the escalators or elevators.

They are a great place for the kids, says Susan. The kids are sliding over the granite floors. You just need to be careful about use of escalators – “long back we heard a child crushed into an escalator at the Indira Gandhi International Airport in Delhi; that incident is fresh in our mind and sends shivers down our spines,” says Barkha, a resident of Gurgaon.
In the wake of malls the commercial rentals in Gurgaon are following a steep rise. Thus retail space on rent in the city is becoming premium.

Even office space has been attracting medium to top MNCs across the city. There surely is a rush for the premium spaces, for all know what is available will soon be out of reach.

About this author:

Smantha Sen is an associated editor of website http://www.realtymantrarentals.com. The website is a rent guide, dedicated to provide all information required for rental properties all across India. Your queries and suggestions are welcomed at smanthasen@gmail.com.

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