Reach 3 Roads, a commercial development by Reach Group, occupies a strategic position on Southern Peripheral Road (SPR) in Sector 70A, Gurgaon. This corridor has rapidly transformed into a high-growth hub, benefitting from proximity to major arterial roads such as Golf Course Extension Road, Sohna Road, and the Dwarka Expressway (NH-248BB). The area is surrounded by affluent residential catchments, including sectors 66-75, which house over 50,000 families and a growing corporate workforce. For investors seeking commercial assets with strong rental potential, Reach 3 Roads stands out among premier new projects in Gurgaon along the SPR belt. The project is registered under HRERA (Yes), ensuring regulatory compliance and transparency. With a total land parcel of 7.5 acres and 80% open green area, the development offers a low-density environment rare for commercial hubs. The expected delivery is December 2020, and the current price range starts from Rs. 24 Cr for larger configurations, with unit sizes spanning 335 to 4865 sq.ft., catering to both retail and office space requirements.
The commercial real estate market in Gurgaon has shown resilience, particularly along SPR, which connects to key business districts like Cyber City, Udyog Vihar, and the upcoming IMT Manesar. Reach 3 Roads is designed to capitalise on this demand, offering Grade-A retail and office spaces. The project comprises two commercial towers with a G+18 floor elevation, providing a total of 350 units. The configuration mix includes retail shops on lower floors and office spaces on upper levels, with double-height retail shops and high-speed elevator banks. The development features a triple-height grand atrium, multi-level escalators, and centralized HVAC systems (VRV/chiller plants), aligning with international standards. For businesses, this means efficient floor plates and modern infrastructure. The project's location ensures direct metro access via the proposed metro extension along SPR, further enhancing connectivity for employees and customers. With 80% open area, the landscape includes pedestrian plazas and green spaces, creating a pleasant environment for shoppers and professionals alike.
Within the commercial units at Reach 3 Roads, high-visibility frontage and efficient floor layouts are key features. Retail spaces are designed to accommodate anchor stores, multi-cuisine food courts, and entertainment zones, while office floors offer flexible sizes from 335 sq.ft. to 4865 sq.ft. The project includes a multiplex and a landscaped pedestrian plaza, which are expected to drive footfall. The developer, Reach Group, has a track record of delivering commercial projects in NCR, including Reach 3C and Reach 3A in Gurgaon. Their focus on quality construction and timely delivery is evident in their past projects. The project's master plan includes dedicated parking, 24x7 security, and power backup. For investors, the mix of retail and office spaces provides diversification. The expected rental yields for commercial properties in this corridor range from 7.0% to 9.5% gross, depending on the tenant profile and lease terms. With the area's growing population and corporate presence, demand for quality commercial space is robust.
Investment in Reach 3 Roads offers potential for capital appreciation, given the infrastructure upgrades in the region. The Southern Peripheral Road is slated for widening and improved intersections, which will reduce travel time to the airport and Delhi. The project's HRERA registration adds a layer of security for buyers. Financing options are available from leading banks and NBFCs, with commercial lease rental discounting offered for pre-leased units. The price point of Rs. 24 Cr for larger units may seem high, but it reflects the prime location and the scale of the development. Smaller units starting at 335 sq.ft. provide an entry point for investors with lower capital. The project's completion status is under construction, with delivery expected by December 2020. Prospective buyers should note that the project is designed to cater to both end-users and investors, with flexible lease structures. The surrounding catchment includes reputed schools, hospitals, and residential townships, ensuring a steady stream of customers and employees.
Establishing a lucrative benchmark for Grade-A commercial projects in Gurgaon, projected rental returns for Reach 3 Roads are competitive. The area's average rental for retail spaces is INR 150-250 per sq.ft. per month, while office spaces command INR 70-120 per sq.ft. per month. With 350 units, the project aims to create a vibrant commercial ecosystem. The developer's reputation and the project's amenities, such as the food court and multiplex, are expected to attract high footfall. For investors, the key is to evaluate the lease terms and tenant mix. The project's open area of 80% is a unique selling point, offering a refreshing environment compared to congested commercial hubs. As Gurgaon's commercial landscape evolves, Reach 3 Roads is positioned to benefit from the growth of SPR as a business corridor. The project's RERA registration and the developer's track record provide confidence. However, buyers should conduct their own due diligence and consider factors like maintenance costs and vacancy risks.
In summary, Reach 3 Roads presents a compelling opportunity for commercial investment in Gurgaon. Its location on SPR, flexible unit sizes, and modern amenities make it suitable for businesses and investors. The project's compliance with HRERA and the developer's experience add credibility. With the expected delivery in December 2020, early investors may benefit from pre-launch pricing. The price range of Rs. 24 Cr for larger units and the availability of smaller units cater to different budgets. As the region continues to develop, capital values are likely to appreciate. For those looking to invest in Gurgaon's commercial real estate, Reach 3 Roads is a project worth considering. Always consult with financial advisors and verify project details from official sources before making a decision.
