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Saket commercial Space Snap Shot

Saket District Center is one of the most recent developments on DDA auctioned land for district centers, and has swiftly become one of the most popular shopping and office space destinations in entire Delhi.  Most of Indian as well top international retail brands have their retail outlets and office space set up here. Saket benefits greatly from its affluent neighboring colonies like GK I and II, C.R. Park, Sainik Farms, Haus Khas, Panchsheel Enclave and Malviya Nagar. Saket also becomes a compelling destination for commercial office space because of its strategic location that provides a great access from all parts of Delhi as well as good proximity from commercial center of Gurgaon as well as Faridabad.

The Saket District Centre is spread over 50 Acres of land mass and has a built up of over 2000000 sq ft of luxury retail and A grade commercial office space. Currently the Saket district center has 8 (Select Citywalk, Metropolitan Mall, Southern Park, ABW Rectangle One, and Square One, Rasvilas, DLF Southcourt, DLF place) commercial towers with retail as well as office space, three 5 star hotels and a few commercial buildings of government bodies.

Major Commercial Towers:

Select City Walk  Developed by a joint venture between the select group and Aarone group Select Citywalk is pitted as the best mall in India and is home to world’s best retail brands. It has over 1 million of shopping space spread over 3 levels, ground, first and second floor and a about 100000 sq ft of outdoor landscaped plaza with water bodies, colored lighting etc. It also has around 60000 sq ft of commercial office space on higher floor spread across 4 levels. Average office space rates: 125/sq ft – 150/sq ft

MGF metropolitan  Developed by the MGF group, Metropolitan Mall is one three of the front facing malls of Saket district center however has not been able to make good use of its great front facing location as the other two citywalk and DLF place. Currently the mall clientele is mainly mediocre Indian retailers with the exception of a few like shopper stop, Volkswagen and a few big F&B outlets. It has over 300000 sq ft of retail space spread across 3 levels along with an exclusive commercial space tower which has about 100000 sq ft of A grade commercial office space. Average commercial office space rates: 125/sq ft – 150/sq ft 

DLF Place  DLF place is another front facing mall of the Saket district center and pulls good crowd for its location which is adjacent to Select city walk. Mall is developed by DLF Group and has a total built up area of around 400000 sq ft of which about 300,000 sq ft is used up as prime retail space across three level and remainder 100000 sq ft is being used by multinational companies for commercial office space use. Some of the big brands include, Hemlays, Marks & Spencer, Titan, UCB, Nike, Puma, DT cinema, Hardrock café, TGIF etc. International hotel chain Hilton is running a 5 star property from within the same complex. Average commercial office space rates: 125/sq ft – 150/sq ft 

The South Court  Developed along the lines of DLF place by DLF developers its about the same size as DLF place however has been able to gather momentum till date, partly because it’s a new mall and it will take time before brands start to full up the space. Currently a famous art gallery (Kiran Nadar Museum of Art) is the biggest tenant beside a few other early movers. Beside a retail area it also has about 100000 sq ft of commercial office space in upper levels between 3rd and 7th floor and is occupied by some of the best MNC for office space use. The parking area includes both surface and a 2-level basement parking, sufficient enough to accommodate about 700 cars. Average commercial office space rates: 125/sq ft – 150/sq ft

Southern Park  Developed by TDI, Southern Park has emerged as one of the finest commercial office complex of Saket District center. It has a total built up space of about 250000 sq ft spread across huge contiguous 6 levels. The building has two levels of dedicated basement parking space besides adequate surface parking, and a heat reflective glass arcade make the whole complex truly international-class. Average office space rates: 125/sq ft – 150/sq ft

ABW rectangle one  Developed by ABW developer it has an approximate built up area of 200000 sq ft with neo – modern architecture. Has large floor plates of 30000 sq ft each. The building has two levels of dedicated basement parking space besides adequate surface parking, and a heat reflective glass arcade make the whole complex truly international-class. Rectangle-1 has become a favourite of renowned companies like OTIS, Swatch, Balrampur Chinni Mills, Hapag Lloyd, Regus Business Centre, Star Cruises, HTC and Hitachi. Average commercial office space rates: 125/sq ft – 150/sq ft 

Rasvilas  Developed by Saluja Constructions, Rasvilas is one of recent developments in Saket district center keeping in view the high A grade commercial space demand. Rasvilas has emerged as one of the finest commercial office complex of Saket District center. It has a total built up space of about 250000 sq ft spread across huge contiguous 6 levels. The building has two levels of dedicated basement parking space besides adequate surface parking, and a heat reflective glass arcade make the whole complex truly international-class. Average commercial office space rates: 125/sq ft – 150/sq ft

Square One   Developed by Fargo estates Square one is another complex which was designed as a office cum retail complex however it has now reduced to be a commercial office space tower because of new peripheral development around it. Square One has an approximate built up area of 200000 sq ft and is primarily being used as commercial office space. Building has a basement parking to accommodate around 200 cars.  Average commercial office space rates: 125/sq ft – 150/sq ft

In case your company is looking to lease/rent commercial office Space in Saket or just doing some looking around to see if you can save some money by moving out to a cheaper and better location, feel free to write to us at admin AT delhirealestateblog.com or just send us a message via whats your requirement!