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AIPL’s Business Club Secures Rs 100/sq ft Rental on Golf Course Extn Road, Gurugram

Gurugram/NCR, March 26, 2024: AIPL Business Club on the Golf Course Extension Road has clinched a deal exceeding Rs 100 per square foot in rental value, a benchmark for this location. 

AIPL has secured leases for 6,12,000 square feet of space within this property from leading companies, informs a press release issued by the company. The total area of this commercial project spans over 6 Lakh square feet, offering amenities such as 17,000 square feet dedicated food court, 6 level car parking etc. The leading names i.e. Deloitte, Cargill Foods, British Airways, Ford Motor Company and many more have already chosen to set up their offices at AIPL Business Club and the building is currently having 96% occupancy. 

Commenting on this development Anil Pankaj Singh, (VP – Corporate Leasing) AIPL, said that this extraordinary feat not only marks a significant milestone for the property but also symbolizes a broader trend in the industry—Grade A office spaces are commanding unparalleled demand and value like never before. 

While multinational corporations continue to bolster their presence in India, there is a parallel trend of domestic companies gravitating towards Grade A office spaces, particularly those built with sustainable features. For instance, in cities like Gurugram, flight to quality is evident and tenants are increasingly willing to pay a premium for office complexes constructed by green building standards. 

“Rental rates have escalated across most business districts in Gurugram, with the Golf Course Extension Road experiencing a major appreciation. Given the limited availability of Grade A office spaces, we anticipate sustained strong demand and further upward trends on rental rates throughout 2024” added Singh.