The Rise of Commercial Real Estate in New Gurgaon: A Game Changer for Investors

Over the past two decades, Gurugram has attracted global giants, nurtured India’s IT/ITeS growth, and set benchmarks for modern business infrastructure. According to Knight Frank, NCR’s office leasing grew by 27 percent y-o-y, hitting an all-time high. Gurugram accounted for 65 percent of the total office leasing during the period, indicating a sharp rise of 900 bps compared to the same period last year.

However, as traditional hubs like Cyber City and Golf Course Road reach maturity, the spotlight is shifting to New Gurgaon.

In New Gurgaon, infrastructure is the force that unlocks its true potential. The region is being shaped by game-changing projects like the Dwarka Expressway, which will dramatically cut travel time to Delhi and IGI Airport. The Central Peripheral Road (CPR) is further strengthening intra-city connectivity, seamlessly linking business hubs and residential clusters. With proposed metro extensions on the horizon and government-led plans for integrated urban development, the region is becoming central to NCR’s future, setting the stage for sustained commercial growth.

The momentum in New Gurgaon is being fueled by a steady rise in occupier demand. Corporates, IT/ITeS firms, and agile co-working operators are increasingly turning their gaze to this corridor, drawn by its affordability and connectivity advantages. As per Vestian, in Delhi-NCR, the office space absorption surged 130 percent to 2.62 million sq ft in the second quarter of 2025 calendar year, with Gurugram office market contributing the rest.

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This shift is creating a surge in demand for Grade-A commercial property in Gurgaon, modern retail complexes, and mixed-use developments that can support the work-live-play lifestyle. Unlike older markets that are battling saturation, New Gurgaon offers room to grow, making it an attractive proposition for businesses seeking flexibility and investors eyeing sustainable, long-term value creation.

Ashok Singh Jaunapuria, MD and CEO, SS Group, says, “New Gurgaon represents the natural evolution of Gurugram’s commercial landscape. With the Dwarka Expressway nearing completion and the CPR providing seamless intra-city connectivity, the area is now firmly on the radar of corporate occupiers. What sets it apart is the balance of affordability and scalability. It allows businesses to grow without the cost burden seen in traditional hubs, making New Gurgaon an epicenter for anyone eyeing long-term value creation.”

Ashwani Kumar, Pyramid Infratech, says, “The commercial growth story of New Gurgaon is deeply tied to its emerging ecosystem. Unlike saturated micro-markets, here we are seeing commercial projects in New Gurgaon, high-street retail, and co-working hubs meeting the evolving demands of global businesses. Further, commercial assets here are more accessible yet promise strong yields as connectivity projects become operational. In our view, New Gurgaon is already transitioning into a commercial hub where both institutional and retail investors can participate in NCR’s real estate boom.”

Moreover, prices here are still far more accessible than Gurugram’s prime corridors, but the rental yields and appreciation potential are steadily climbing. Complementing it is the residential base—large townships in Sectors 81–95 are already housing thousands of families, creating a ready consumer and workforce pool. This built-in demand makes offices, retail, and mixed-use spaces more viable. In many ways, New Gurgaon isn’t just offering returns; it’s shaping into a complete ecosystem where businesses and people naturally feed into each other.

Mohit Gawri, VP- Sales, RISE INFRAVENTURES, says, “For investors, timing is everything, and right now New Gurgaon offers a classic first-mover advantage. Corporate occupiers are actively scouting for space here, driven by lower rentals, upcoming infrastructure, and the convenience of being closer to IGI Airport. Demand is broad-based, spanning IT/ITeS, startups, and even established multinational firms. From a consultant’s lens, this is a market where returns will compound as leasing activity strengthens and capital values catch up with Gurugram’s prime locations. The momentum is only beginning, and those who secure quality assets early will be best positioned to ride the long-term appreciation curve.”

Vishal Sabharwal, Head Sales, Orris Group, says, “Commercial real estate in New Gurgaon is evolving into a ‘destination market.’ What differentiates it is the integration of residential, retail, and office within one geography, promoting a true live-work-play environment. This integrated approach makes it highly attractive for occupiers, while giving investors assurance of consistent footfall and end-user demand. For us, New Gurgaon is about unlocking a new way of urban living where commercial spaces thrive on built-in demand and future scalability.”

Thus, with world-class infrastructure projects nearing completion, expanding residential catchments, and growing corporate confidence, New Gurgaon is ticking all the right boxes for sustainable commercial real estate investment. For investors, it offers both security and opportunity—an early chance to be part of a market still in its growth phase but clearly on an upward trajectory.