How rental yields in Gurugram compare with yields in its suburbs
Gurugram, renowned as the Millennium City, has long dominated NCR’s office and residential landscape, where modern India works and lives. However, suburban regions like Manesar, Bhiwadi and Sohna Road are now offering serious competition driven by affordable housing and buoyant commercial activity. For real estate investors in 2024, weighing rental yields across zones is key to identifying assets with maximum appreciation potential.
As per market estimates, Gurugram currently provides commercial rental yields of 7-9% for office spaces in Cyber City and Udyog Vihar and 2.5-3.5% for residential properties in Golf Course Road. In comparison, emerging suburbs offer yields upwards of 10% for commercial realty around independent IT/ITeS hubs in Manesar and 4-5% for housing projects along Sohna Road given lower property rates.
Certainly, Gurugram holds strong allure, led by established connectivity and more evolved social and retail infrastructure. Areas like Golf Course Road deliver premium luxury rentals, while Cyber City and Udyog Vihar boast the highest commercial demand from corporate occupiers. However, peaking property prices alongside stressed infrastructure constrain yields in core areas. Congestion issues are nudging companies to re-evaluate realty budgets, as work-life proximity gains priority too. This is providing growth avenues for suburbs to garner spillover demand.
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Bhiwadi offers a compelling case. Upcoming metro connectivity alongside affordable rates for industrial plots and housing projects entice companies and labour pools. It’s proximity to Gurugram’s prime commercial hubs enables workers’ easy access too. As a result, Bhiwadi’s rental yields
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