The commercial real estate market in the NCR region is undergoing a paradigm shift, with new trends setting higher benchmarks. As businesses seek greater flexibility and investors focus on high-return assets, SCO (Shop-Cum-Office) spaces have emerged as a preferred choice. These spaces seamlessly combine retail and office functionalities within a single unit. Experts highlight that SCO complexes are gaining popularity among developers, particularly in the micro-markets of Delhi-NCR.
SCO complexes are gaining traction due to their ability to accommodate a wide range of businesses, including retail outlets, corporate offices, healthcare facilities, and fitness centers. Their versatility, coupled with affordable entry costs and high rental yields of 9-10%, makes them a lucrative investment choice for both developers and investors. They house high streets, hypermarkets, offices, retail units, co-working spaces, restaurants and cafes, along with spaces for healthcare centres, banks, ATMs, fitness centres, and gyms. According to JLL, the Delhi-NCR region recorded 9.4 million sq. ft of net absorption for 2024, with Q4 alone contributing 2.9 million sq. ft—its best quarterly performance to date.
Unlike conventional malls or commercial complexes, SCOs offer independent ownership, land ownership rights, and the flexibility to modify or expand structures as per business requirements. This autonomy, combined with strategic locations in high-growth corridors of Delhi-NCR, has fueled their increasing popularity. In Noida, micro markets like Noida-Greater Noida Expressway and Greater Noida West region, are the major hubs that are witnessing a shift towards SCO developments. Meanwhile, cities like Faridabad and Ghaziabad are also swiftly turning into preferred SCO destinations. In Gurugram, sectors along high-growth corridors like the Dwarka Expressway, Golf Course Road, and Golf Course Extension Road have been a frontrunner in the SCO boom.
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Commenting on this trend, Vineet Chellani, Founder & CEO of Asset Deals, Asset Group, says, “The rising popularity of SCO developments in NCR reflects how they are serving the modern demand for convenience and multi-functionality. As businesses seek spaces that offer both visibility and operational efficiency, SCOs have gained momentum in various strategic locations of the region. Gurugram, in particular, has become a magnet for such developments. Further, with robust infrastructure development, policy incentives, and high-yield potential, Gurugram’s SCO segment is witnessing unprecedented investor interest, positioning itself as a structural growth story rather than a fleeting trend.
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