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Footfall, frontage width, and visibility from the main road usually drive retail lease rates more than raw square footage — a smaller high-street shop can outperform a larger unit set back from traffic.
Gurugram commercial demand: The NCR's primary corporate hub, anchored by DLF Cyber City and Golf Course Road for Grade-A offices, with Udyog Vihar serving as a long-established industrial and warehousing corridor.
Significantly — frontage (the street-facing width) drives visibility and footfall more than total area in most high-street locations, so a narrower but well-located shop can command lease rates comparable to a larger, set-back unit.
Most retail shop space is handed over bare-shell or warm-shell, with the tenant responsible for shopfront, flooring, and interior fit-out — confirm this explicitly, since fit-out cost is a major part of total occupancy cost.
Large-scale planned development, starting with early commercial projects in what became DLF Cyber City, gave Gurugram a concentration of Grade-A office towers and corporate campuses that made it the default NCR address for MNC and large corporate offices, ahead of Delhi or Noida.
DLF Cyber City is Gurugram's primary Grade-A corporate office cluster, while Udyog Vihar is an older, established industrial and light-manufacturing area — the two serve very different types of commercial demand within the same city.
Typically a company/business registration or GST certificate, PAN, and identity/address proof of the signing authority, plus financials for larger deals. Requirements vary by landlord and deal size.
Commercial security deposits commonly range from 6 to 10 months' lease amount in India, though this is negotiable and varies significantly by city, property type, and landlord.
Yes — leasing out commercial property in India is generally subject to GST (currently 18%), payable by the tenant in addition to the base lease amount.
A lock-in period is a contractually agreed minimum duration during which neither the landlord nor the tenant can terminate the lease — common in commercial agreements to protect both sides' upfront investment.
Carpet area is the actual usable floor area within the walls. Built-up area adds wall thickness and balconies; a further-loaded "super built-up" figure (common in malls and business parks) also includes a share of common areas like lobbies and lifts.
Most commercial space is handed over "as-is," "warm shell," or "bare shell," with the tenant responsible for interior fit-outs — though some landlords offer a fit-out contribution or free fit-out period as part of negotiation.
