Maintenance Charges for Flats in India: Calculation and Breakdown
2025-03-27 02:21:34
Shop-cum-office (SCO) complexes are gaining traction in Delhi-NCR’s real estate market, offering a seamless blend of retail, office spaces, recreational areas, and food zones. These hybrid structures cater to a wide range of businesses, including high streets, hypermarkets, co-working spaces, restaurants, cafes, healthcare centers, and fitness hubs. Their versatility, combined with relatively low entry costs and rental yields of 9-10%, makes them an attractive investment option.
Experts highlight that SCOs have become a preferred choice for developers and investors, particularly in the NCR micro-market. The increasing demand is driven by small and medium enterprises (SMEs) and startups seeking cost-effective, multifunctional business solutions.
The commercial real estate sector is witnessing robust growth, with India's office market achieving a record-breaking absorption of 66.4 million sq. ft. in 2024, projected to reach 65-70 million sq. ft. in 2025, according to a FICCI-Colliers report. Additionally, India's office real estate market is expected to grow from $33.41 billion in 2024 to $117.04 billion by 2029, at a CAGR of 28.5%, further strengthening the case for SCO investments.
SCO projects are flourishing across NCR, with Gurugram leading the way—71.6 acres of land have been developed for SCOs in the past two years, expanding at a rate of 30-40% annually. Key hotspots in Gurugram include Dwarka Expressway, Golf Course Road, and Golf Course Extension Road. In Noida, areas along the Noida-Greater Noida Expressway, sectors 98, 62, 72, and 73 are witnessing rising demand. Similarly, Faridabad and Ghaziabad are emerging as preferred SCO destinations due to their affordability and high return on investment.
Industry leaders affirm the growing prominence of SCOs in commercial real estate. Manoj Gaur, Chairman of CREDAI National, emphasizes their efficiency and convenience, while Mohit Goel, MD of Omaxe Group, notes the increasing interest from investors and end-users in the last two to three years.
With substantial capital appreciation—prices appreciating by 350-450% between 2011 and 2020—and a 25% rise in absorption rates, SCOs are set to remain a dominant trend in NCR’s commercial real estate market.
2025-03-27 02:21:34
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