The current trend in the Delhi NCR real estate market indicates a notable decline in commercial rental prices. Numerous businesses are relocating their offices from Gurgaon to other regions within NCR, primarily due to the exorbitant rental rates that Gurgaon has become synonymous with. In fact, many commercial spaces in Delhi are now offering fully furnished office options at significantly lower costs, reflecting a substantial shift in the rental landscape of Gurgaon's commercial sector. While a clearer picture of this evolving scenario will emerge shortly, it is evident that change is already underway.
As observed, companies appear to be implementing a dual strategy for cost reduction by moving their operations away from high-rent areas. The first, and most apparent, method is evident in the slashing of rental expenses. The second approach, though not as direct, addresses the well-established transportation expenses associated with Gurgaon's reputation as a major commercial hub. Most companies provide conveyance for their employees, many of whom commute from various areas. Thus, when a business relocates, it inevitably contributes to a decrease in transportation costs as well.