As new trends emerge in the real estate industry every year and such vogue brings many changes and reconstruction of the market. On this note, a new evolved future tailored configuration has been introduced in the market labeled as the SCOs. It is better known as Shop-cum-Office and is a new concept and a state-of-the-art business paradigm. The latest configuration is opening the door to many business opportunities and prospects. It has been welcomed by many enterprises and such establishments are rapidly growing in the Delhi-NCR region.
This updated infrastructure plan is lucrative in all aspects and inventors are drawn to it as far as the market study goes. Logically speaking investors in all price ranges prefer to choose sizes and units according to their budget and this is why SCO Plots are highly demanded. According to the architectural plan of most of the SCOs generally, shops and retail are placed on the lower floor giving more privacy and a working atmosphere for the offices.
The ideal destination of many SCOs developmental projects has mostly landed in many Metro cities. Delhi-NCR has been recorded as the most tendered location for the SCOs; this is evident clearly. Since such establishments are updated, latest, and modern in nature the amenities that are accompanied are also contemporary. Integrated smart features and innovative settings of power backups are some of the defining features. Access to healthcare and all utility needs are also fulfilled according to the needs of the buyers.
Convenience to new heights is also another essence that SCOs aim to achieve. With every construction and engineering of SCOs infrastructure, it makes sure it is installed with the latest technologically updated lifts, escalators, and spacious multi-level parking. Also, attention to recreational facilities is carefully mapped out with dedicated zones for gyms, spas, and others. This is bringing not just change in lifestyle but in the real estate market. ‘
The tide of inviting SCOs development has also commenced in the city of Gurgaon. SCOs are yet to be another success story in a city known for its high concentration of economic and commercial settlements. This emerging wave in the growing city is in its initial phase but the presence of the corporate district of Cyber Hub, DLF Corporate Park, Emaar Business Park, and Vatika Business Park is making the process even easier and sooner.
Understanding the prevailing ecosystem in the business city establishment such as SCOs goes parallel with the city’s future plan. Exploring new approaches to bring about geographic transformation is in the nature of the region. SCOs configurations such as wide frontage, parking space, common area, and dedicated floors for offices and retails are the star of the show and it brings unlimited opportunities. The commercial real estate sector is on its journey to discover immense possibilities. In this journey, Golf Course Extension Road such as 49, 65 & 66, and sectors adjoining Dwarka Expressway such as 89, 99, 102, 103 & 114 of Gurgaon are expected to be the center of all activity.
As many industry reports after the pandemic have highlighted, CRE (Commercial Real Estate) has marked its presence and instituted itself as an essential part. Retail and Office Spaces are gaining ground and their demand is also simultaneously rising. The said marketplace is growing at an unprecedented rate and according to Mordor Intelligence, the commercial real estate industry is calculated to raise at a CAGR of 13% from 2022 to 2027. The emerging concept of Shop Cum Offices are areas that are largely inviting interested investors to boost commercial spaces
The Government of Haryana has taken it upon itself a responsibility to promote the expansion of SCOs. Under this initiative, prime locations are chosen and buildings are incorporated with commercial spaces, and customization in guidelines with investors’ wishes is available. As per the plan, the SCOs building will be laid out with retail space on the lower floor such as banks, healthcare centers, shops, cloud kitchens, eateries, etc, and office space on the above floors. The lucrative aspects of such establishments are manifolds the capital appreciation is also estimated to be huge. Investment here will bring optimal results for both developers and investors.
Another driving factor in the successful deployment of the SCOs portfolios is the Haryana Government’s commercial plotted colony policy. Now not just Gurgaon but neighboring regions such as Faridababad are moving towards adopting SCOs in the real estate market. The Deen Dayal Jan Awas Yojana is yet another milestone in guiding the commercial sector. It was launched by the Haryana Government in November 2016 to drive more plotted development projects in all the towns of Haryana.
Most of these projects are concentrated in the strategic location of Southern Peripheral Road, and Sohna Road. Cybercity, Golf Course, and Sohna Road are seamlessly connected to Delhi via NH8. This location has flourishing access to the premium infrastructure of the best health care facilities, luxury hotels, retail outlets, and educational institutes. Amenities attached for the mentioned plotted colonies come in handy with essentials such as a gym, cafes, yoga decks, sports areas, and restaurants.
Putting all the benefits in on lens commercial property undoubtedly comes as the most valued asset for inventors. It brings homes a plethora of benefits such as maximum annual rental appreciation, assured long-term asset value, and a never-ending surge in demand and price resulting in better returns. In this scenario, the latest edition of Shop Cum Offices brings about game-changing opportunities adding new essence to the investment in commercial property. One such plotted development in Gurgaon open for investment with a high return is the M3M 114 Market.
Designed by the number 1 real estate brand in Delhi NCR, the trusted M3M brings a pool of opportunities with this commercial project. It comes with dual advantages of premium features and an ideal location. The premium shop cum office space regenerates a medley of luxury and state-of-the-art specifications. M3M SCO 114 accommodates luxury retail shops, office spaces, patio cafes, game areas, studios, and fun zones. Located at the most rewarding location of Gurgaon it is in close proximity to IGI Airport and Diplomatic Enclave.