Gurgaon can now be counted as being one of the hottest real estate destinations of Asia, especially in terms of commercial property rentals. Investments from across the world are pouring in while a host of national and multinational companies especially from IT and Business Processing Outsourcing (BPO) sector have already gained a strong foothold in the city - gradually evolving in an amazing attractant for foreign and Indian investors.

Some other vital reasons for a speedy growth in commercial real estate rentals in Gurgaon is the effective utilization of massive possession of land banks by the developer groups like DLF, Ansals, Unitech, Vipul, etc. into office space, BPO centers and residential complexes, hi-tech business environment. Also, Gurgaon's proximity to the international airport is also an asset to its business viability.

Capital values of properties are rising continually and so does the rental values. According to the industry reports, the average rental values in Gurgaon rose by 103.70 per cent, over the past 12 months.

Good news for investors who are interested in the property market of the NCR region, especially Gurgaon, is that commercial rental property in Gurgaon is leading far ahead than the residential property.

Over the last few years this sudden boom in the office space rentals in Gurgaon has also helped the residential rentals to rise pretty well. At present, the office rentals at major commercial destinations of Gurgaon hover between Rs 110 and Rs 130 psft for the non-IT industries and Rs 60-80 psft for the IT companies. Infact, the present scenario of commercial property rentals in Gurgaon is such that the demand is exceeding supply.

One very technical aspect as to why investors are flocking on in Gurgaon is the fact that more than 50% percent of the commercial and residential area in Delhi is covered by government establishments and most land banks are in the hands of DDA and NDMC and so people are becoming more focused in the outskirts, especially Gurgaon where a large number of builders are coming up with rental commercial properties at sites.

Gurgaon is still far ahead in NCR in terms of demand for the office space as MNCs like IBM, SAP, Satyam, Dell, KLG Systel, Keane India Ltd, British Airways, Convergys, Genpact, Hewitt, American Express, PriceWaterhouseCoopers, etc. are acquiring a large area of land on rental in Gurgaon, which is in return generating a big amount of rental revenue.

This constantly increasing boom in Gurgaon has indeed inspired international investors like the US-based Blackstone Group, Sam Zell's Equity International, Columbia Endowment Fund, etc to show interest and Gurgaon is still expected to come up with many surprises in the future.

It is also very expected by the real estate analysts that in the next couple of years many international investors and commercial developers might bring in at least 100 million dollars in the Indian real estate market. With this exceedingly good commercial response, Gurgaon real estate market is growing in leaps and bounds.