Revolutionizing Urban Living | The Rise of Mixed-Use Real Estate in Gurugram

Mixed-use developments are integrated real estate projects that combine multiple asset classes, including commercial office spaces, retail outlets, residential apartments, and hospitality establishments within a single development.

Gurugram has emerged as one of India’s most dynamic commercial real estate markets, driven by rapid urbanization, a growing corporate ecosystem, and world-class infrastructure. As a major business hub in the NCR region, the city hosts MNCs, IT Parks, and co-working spaces. In recent years, there has been a shift in real estate investments, with increasing preference for mixed-use developments.

According to Mordor Intelligence, India's commercial real estate market is currently valued at USD 49.30 billion and is projected to reach USD 128.40 billion by 2030, growing at a CAGR of 21.1%.

Rising Demand for Mixed-Use Developments

The demand for convenience-driven spaces and higher rental yields has been on the rise. Investors are increasingly looking at Gurugram’s mixed-use projects as lucrative opportunities.

Better Space Utilization

Pankaj Jain, Chairman & CMD, SPJ Group, highlights that mixed-use developments ensure better space utilization compared to standalone commercial or residential projects. This maximizes land efficiency and profitability.

"From an investment perspective, these developments offer multiple revenue streams, including office leasing, retail rentals, and residential sales. This makes such properties a future-proof asset class," he said, adding that areas like Sector 14 and other micro-markets are witnessing an upsurge in urban lifestyle preferences.

Right from shopping, dining, and entertainment to creating a self-sustaining ecosystem, such projects attract both businesses and consumers.

Convenience and Accessibility

Prakash Mehta, Chairman and MD, Ocus Group, notes that changing work and lifestyle preferences have contributed to the rising inclination toward projects that offer convenience and accessibility.

“Gurugram’s retail real estate is booming due to its strategic location, strong infrastructure, and evolving urban landscape. The presence of multinational companies, metro, and highway connectivity makes the city a hotspot for investors. High-street retail and premium shopping destinations in mixed-use projects are seeing strong demand, ensuring stable rental yields and capital appreciation," he said.

As developers, he emphasized, "we see an increasing preference for integrated developments in Gurugram."