What is the full form of SCO in real estate?

The real estate market in India is constantly developing, especially in the commercial sector, where SCOs are becoming increasingly popular. Moreover, SCO plots provide additional opportunities for generating revenue. SCOs are inventive commercial establishments growing in popularity in the real estate industry. 

The SCO plots in Gurgaon region have witnessed a significant increase in the adoption of this concept due to its substantial advantages. The real estate sector has responded to the challenges of the pandemic by introducing a model that guarantees high returns, and SCOs have emerged as a crucial component of this model.

All you need to know about SCO in real estate 

SCO, short for shop-cum-office, refers to a type of commercial property owned freehold (100%) by the owners. SCO is an innovative investment opportunity in real estate and commercial property. In Gurgaon, SCO plots are classified as freehold commercial property, in which builders provide clients with plots or spaces to create their own shops, offices or retail spaces, including restaurants. It allows them to build retail shops and offices on their land. Such type of commercial property is becoming increasingly popular in major cities in India. This is because SCO spaces are modern, authentic, and equipped with all the necessary facilities to offer comfort and accessibility, making them ideal for setting up a new enterprise. SCO spaces effectively combine the best retail and office settings, ensuring a perfect setup for any business. 

Impact of SCO plots in Gurgaon’s real estate sector 

Knight Frank's study predicts significant residential and commercial real estate market growth in upcoming years. It has led to an increase in the popularity of shop cum offices, which are now recognized as an asset class for new-age investors looking to expand their portfolios. The market dynamics and the efforts of grade-A commercial developers are driving this growth, as shop cum office plots cater to both the retail and office segments. According to research conducted by 360 Realtors, many prominent developers have initiated SCO projects in Gurgaon. The area occupied by SCO plots in Gurgaon is approximately 71.6 acres (as of 2022). Moreover, its market size has been growing annually at 30-40%.

Why should you consider investing in SCO plots in Gurgaon?

By investing in an SCO plot, you can benefit from reduced expenses on maintenance and other charges. Because an SCO plot is a freehold property, you can utilize, lease, and develop it as your preference. These plots are typically constructed in highly sought-after locations that are easy to access, making them highly valuable for investors and builders. Investing in a prime area property is a sound decision, as it ensures a high flow of potential customers, tenants or investors.

Conclusion 

Commercial properties that combine office complexes and retail, also known as SCOs, are becoming increasingly popular in urban areas and Tier 2 cities. These unique setups have proven to be successful and profitable ventures for businesses. If you're looking for a new opportunity, consider exploring SCO plots in Gurgaon with the best real estate agents to expand your business venture.