It's not as large as metropolitans of Mumbai or Bangalore but is never behind them in terms of growth potential. In fact, here you will find most sophisticated corporate and IT parks of India housed by prestigious business conglomerates from all across the world.

Appreciably, the city has developed a robust infrastructure of high-quality roads and real estate to cater to the demands from the cross segments of corporates, investors, expatriates and end users.

Current Scenario

As investments keep pouring into the city, the IT, ITES and BPO sector lead the growth bandwagon. If industry experts are to be believed, the growth of Gurgaon's real estate rental trends is primarily driven by expansion plans of the existing companies, who have been satisfactorily running their operations from the city.

Such positive trends and developments have not only uplifted the economic prospects of the State in general or Gurgaon in particular, but have also created plethora of job opportunities for the Indian youth.

Meanwhile, another major positive implication of the growing economy of Gurgaon comes in the shape of heavy demand for residential and commercial spaces as professionals from all across the country flock into there dream work destination.

Along with the growing demand for office spaces; there has been a simultaneous demand for housing.

This has not only raised the capital and rental values; the latest property trends indicate that there will be appreciation as the city continues to expand.

As property prices in Gurgaon skyrockets and home loan rates soar high, there has been a growing demand for rental properties in Gurgaon. The MNCs in particular are opting to rent state-of-the-art office spaces so as to test the water before moving to invest and make expansion plans.

Besides, catering to the overwhelming demands for office space rentals, there have also been demands for retail space rentals which include the mall spaces, showrooms and shops.

This growth in retail space rentals can be in some way connected to the buying capacity of the residents of the city; coupled with the relaxation in FDI in retail.

Last but not the least, the most important trend that signifies the growth and demand for Gurgaon rental properties is the upsurge in business for residential rentals.

On one end, while the residential rentals segment includes apartments and flats rentals for both the budget and luxury segments; the independent houses and higher end segments like villas, condominiums and penthouses cater to the rich and famous in the corporate world and expatriate clients.

Future Outlook

Like any other city, renting house in Gurgaon is considered a more affordable and compliant option for executives who look to stay in the vicinity of their workplace.

As the economy surges ahead, the rentals segment is also undergoing significant progressions, in the city. As per statistics, the rentals of Grade A offices in Gurgaon which were Rs 30-33 per sq. ft a month six months ago have shot to Rs 60-65 a sq. ft now.

Another, revolutionary entry into the rental business in Gurgaon is demand for service apartments, service offices and vacation rentals.

Service apartments and vacation rentals have given a new dimension of making life comfortable and make you feel at home away from home. These services have proved to be beneficial for corporates who travel to Gurgaon on short assignments.

With this the real estate rental segment in Gurgaon promises comfortable transitions for both investor and end-user.