AIPL Business Club Breaks Records with Rs 100/sqft Rental Deal on Gurugram’s Golf Course Extension Road

Gurugram, March 14, 2024: The commercial real estate landscape along Gurugram’s Golf Course Extension Road (GCER) is witnessing unprecedented growth, with AIPL Business Club leading the charge by securing a landmark rental deal exceeding Rs 100 per square foot. This milestone highlights GCER’s emergence as a premier business destination, drawing top companies seeking modern office spaces.

Mr. Anil Pankaj Singh, VP of Corporate Leasing at AIPL, emphasized the significance of this achievement, stating, “This extraordinary feat not only marks a significant milestone for the property but also symbolizes a broader trend in the industry—Grade A office spaces are commanding unparalleled demand and value like never before.”

The demand for Grade A office spaces is driven by both multinational corporations entering India and domestic firms gravitating towards sustainable work environments. As Mr. Singh noted, “Rental rates have escalated across most business districts in Gurugram, with the Golf Course Extension Road experiencing a major appreciation.”

Golf Course Extension Road’s strategic location and excellent connectivity, coupled with key infrastructure projects like the Delhi-Mumbai Industrial Corridor (DMIC) and Delhi-Mumbai Expressway, further enhance its appeal to businesses. With developers like DLF investing in the area, GCER is solidifying its position as a prime business hub in Gurugram.