office space for rent in IT/ITes SEZ Gurgaon.
Office space for rent in SEZ Gurgaon is becoming one of the most demanding spaces for IT/ITEs companies who want to have large space. These office spaces are demanding since it falls under special economic zone and avails numerous benefits to the tenants as well as the developer. We have some good options for unfurnished office space for rent in SEZ Gurgaon at various locations at very attractive rentals. The following article will enable the tenant to understand the key features of SEZ as well as how it can be beneficial for them. We have numerous options in each prime SEZ buildings of Gurgaon and the details are within this article.
As per the research of various leading IPC’s(International Property Consultants), the demand for SEZ in Delhi NCR has increased a lot. One of the top IPC “CBRE” has declared the following details in an interview.
The report ‘SEZs in the Sunset Era: To Go or Not to Go?’ says that SEZ space accounts for 22 percent of office stock in India and cities like Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Mumbai, and Delhi-NCR account for 80 percent of the stock. The report states that almost 30 percent of overall SEZ stock was added in 2015 to the first Half of 2018.
“More than 20 percent of the upcoming office supply lined up for completion over the next two years in India is expected to consist of SEZ developments and 80 percent of this supply pipeline is expected to come up in Chennai, Hyderabad, Bengaluru, and Delhi-NCR,” the report stated.
What do you mean by SEZ (Special Economic Zone)?
SEZ (Special Economic Zone) is the special approved land by the central government to the builder where the builder built it within the permissions granted by the government.
The Developer may allow land in the processing area on lease basis to a person desiring to create infrastructure facilities for use by the prospective Units. The Developer shall not sell the land in a Special Economic Zone. Such developed building in SEZ can be given on lease with various benefits to the tenants.
With an intent to give impetus to forex reserves of the country, Government has been regulating the export-import policy and has introduced various schemes for promoting exports of both goods and services. Special Economic Zones (SEZ) and Export Oriented Units (EOUs) schemes are also part of this export promotion strategy.
An SEZ is a specified demarcated duty-free territory, which for the purpose of trade operations is deemed to be considered outside the customs territory of India. Set up primarily to promote exports, even GST regime continues to incentivize SEZ units by extending due benefits for their authorized operations.
With regard to outward supply made by an SEZ unit, if an SEZ unit makes any domestic clearances (i.e. within India), the customer will be required to file a bill of entry (BoE), pay BCD and IGST on the transaction and report it as a part of his inward supply as imports. Alternatively, if SEZ makes domestic clearances without the cover of BoE, such transactions will be required to be reported by SEZ as its outward supply.
What are the Key Advantages of SEZ Units in India?
- It gives 15-year tax holiday in a block of the first 20 years.
- Exemption from duties on all imports for project development.
- No foreign ownership restrictions in developing zone infrastructure and no restrictions on repatriation.
- Freedom to develop township into the SEZ with residential areas, markets, playgrounds, clubs, and recreation centers without any restrictions on foreign ownership.
- Income tax holidays on business income.
- Exemption from import duty, GST and other Taxes.
- 10% FDI allowed through the automatic route for all manufacturing activities.
- Procedural ease and efficiency for speedy approvals, clearances and customs procedures and dispute resolution
- Simplification of procedures and self-certification in the labor acts
- Artificial harbor and handling bulk containers made operational throughout the year.
- Houses both domestic and international air terminals to facilitate transit, to and fro from major domestic and international destinations.
- Has the host of Public and Private Bank chains to offer financial assistance for business houses.
- A vibrant industrial city with an abundant supply of skilled manpower, covering the entire spectrum of industrial and business expertise.
- Well connected with the network of public transport, local railways, and cabs.
- Pollution free environment with proper drainage and sewage system.
- In-house Customs clearance facilities.
- Easy access to an airport and local Railway Station.
- Full authority to provide services such as water, electricity, security, restaurants and recreational facilities within the zone on a purely commercial basis.
- An abundant supply of technically skilled manpower.
- An abundant supply of semi-skilled labor across all industry sectors.
What are the major objectives of Special Economic Zones in India?
- Generation of additional economic activity.
- Promotion of exports of goods and services.
- Promotion of investment from domestic and foreign sources.
- Creation of employment.
- Development of infrastructure facilities, etc.
What are the best options for office space for rent in SEZ Gurgaon?
Office space for rent in DLF Cyber City Gurgaon (IT/ITES SEZ ).
DLF presents a one-stop destination for the IT/ITES world at Building number 6 at DLF Cybercity Gurgaon. It is a “LEED Gold Certified building”, it is an integrated technology Park offering modern workspaces to the IT and ITES companies. It is strategically located just off the NH-8 and in close proximity to the airport and is directly linked through the expressway to Delhi and other main locations of Gurgaon. Among the various office space for rent in SEZ Gurgaon, this building has been most demanding from various years.
Office space for rent in ASF Insignia, Gwal Pahari Gurgaon (IT/ITES SEZ ).
ASF Insignia is at Gwal Pahari Gurgaon and is an ITES SEZ having 3 huge buildings by the name of Kings Kanyaon. There is approx 3.5 million square feet office space within these 3 buildings.
Office space for rent in Gurgaon Infospace Ltd. Sector 21 Gurgaon (IT/ITES SEZ ).
Infospace is an SEZ with 3.7 million square feet planned development. It is spread across 28 acres of land. The business complex is equipped with a food court, health club, ATM’s etc. This SEZ is at Sector 21 Gurgaon and has 9 towers with approx 3.7 million square feet office space. Among the various office space for rent in SEZ Gurgaon, this building has been most demanding from various years.
Office space for rent in DLF World Tech Park Gurgaon (IT/ITES SEZ ).
World Tech Park is situated at sector 30 Gurgaon and is on main NH8 which resolves all the communication problems. It is A Grade It/ITes SEZ developed by DLF and has Office spaces, Retails spaces (Food court, GYM, F&B, Banks/ATMs,etc.), spread over 44 acres of land. Among the various office space for rent in SEZ Gurgaon, this building has been most demanding from various years.
Office space for rent in Candor TechSpace, Tikri Sector-48 Gurgaon (IT/ITES SEZ ).
Candor TechSpace has 3.25 million sq. ft. office space with 0.03 million square feet retail space for the food court, F&B, Banks/ATMs, Gym (Fitness Zones), convenience shopping and Daycare. It is at the very prime location at Tikri (Subhash Chowk), Sector 48 Gurgaon which makes easy to communicate to NH8 and Golf course road. Among the various office space for rent in SEZ Gurgaon, this building is becoming one of the most demanding from the last couple of years.
Office space for rent in Ascendas Singbridge Gurgaon (IT/ITES SEZ ).
Ascendas Singbridge is a multinational company and is Asia’s leading sustainable urban and business space solutions provider and has headquartered in Singapore. Ascendas Singbridge is coming up with the (ITPG) International Tech Park Gurgaon (IT/ITes Sez) at Golf course extension road Gurgaon. This SEZ is of 60 acres with approx 7 million square feet office space. It is in the scenic foothills of Aravalli, the park will offer ideal space for the business environment for creativity and ideas to blossom. It is nearby to the rapid metro station (Sec-55/56) with just a 5-min drive from ITPG. Among the various office space for rent in SEZ Gurgaon, this building is becoming one of the most demanding and will be demanding in the upcoming years.
Leasable Space Details in Ascendas Singbridge:-
- Total office space: Approx. 1 million sq ft.
- Ground + 9 Floors+ 3 levels of Basement parking.
- Average floor plate: Approx. 50,000 sq ft.
- Proposed LEED gold rating by USGBC.
- Car-parking slots: 1744 car park space.
Also Read :- Office space for rent on Sohna Road Gurgaon.
For further details about commercial office space for rent in Gurgaon feel free to contact our leasing experts. We have some good options for the tenants who are seeking the office spaces in IT/ITes SEZ or in normal commercial buildings. We can offer you the best options with very effective rentals.