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SCOs to Become the Face of Commercial Real estate

The real estate sector is experiencing new trends and the developers are constantly innovating to satiate the demands of the investors and end-users. The unique concept of shop-cum-office spaces (SCOs) has emerged as a dominant trend to stay here. It allows owners to establish anything from a restaurant to a store/shop to an office. The developers have been experimenting with the mixed-use format to draw the attention of occupiers making SCOs the new face of commercial real estate.

Investment in an SCO project is a great opportunity for investors. Since the pandemic, the industry has witnessed a massive change in the retail segment, and changing preferences have accelerated the demand for SCOs in upright locations. In Faridabad, World Street by Omaxe boasts luxurious amenities and services. The spaces have exquisite interiors as well as exteriors. Besides, with scope for innovation in design and architecture, SCOs have become a rage. World Street, for example, is inspired by world renowned shopping streets and offers exquisite spaces. New businesses can look forward to investing here. It will certainly be the most prudent investment ever made because it encapsulates lifestyle-rich integrated development.

The clients can utilize SCO spaces for multiple uses like banks, healthcare, auto showrooms, offices, eating joints, cloud kitchens, etc. along with offices in the same area. The mixed-use format can go well with the requirements of retails and office spaces, catering to the demands of the investors or buyers. In the coming period, demand for SCOs from reputed developers in emerging locations like Faridabad will witness a meteoric rise. Also, the open sky dining, easy movement of vehicles, shop-while-you-walk concept etc. offer today’s generation a European feeling of rejuvenation during their day outs. With COVID emerging as a threat, SCOs caught the fancy of developers and brands as shoppers showed an inclination towards these destinations. World Street in Faridabad saw unprecedented footfall when the economy opened after lockdown 1 and 2 in 2020 and 2021 even as Malls across Delhi-NCR presumably remained empty for a considerable period. Events form an integral part in providing a wholesome retail experience and SCOs offer sufficient space, environment and ambience to cater to the burgeoning crowd. World Street has shown this during the several events organised through the past few years.

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