Emaar EBD 114

EBD 114 is not about apartments, and it is not about shops in a mall either. It is a shop-cum-office (SCO) plot development by Emaar India in Sector 114, Gurgaon, which means you buy a plot and get the right to a building of your own on it. The project covers about 11.4 acres and has 86 plots, and each one can go up to five levels, ground plus four, to a height of 15 metres. It is registered under RERA, registration number GGM/451/183/2021/19, and you can check it on the state RERA portal before booking.

The development is under construction, and the whole idea is flexibility. You could run a restaurant on the ground floor and lease offices above, or set up a showroom, a clinic or a cultural venue.

Sector 114 is at the Delhi end of Gurgaon. For an SCO, the surrounding population matters most, because shops and restaurants depend on people living and working nearby. Before choosing a plot, look at which road it faces, how visible it is and what the footfall is likely to be.

The big difference from most commercial buys is that you own your own commercial building rather than a unit in a shared mall. There are 86 plots on about 11.4 acres, each allowed up to G+4, a maximum height of 15 metres, with flexible use for shops, offices, restaurants or cultural spaces. Ample parking is planned within the development, and the developer is Emaar, the Indian arm of the Dubai developer behind the Burj Khalifa.

The common infrastructure is commercial in nature. It includes air conditioning, an entrance lobby, passenger and service lifts, power backup, fire fighting, 24x7 security with CCTV and housekeeping, along with provision for a cafeteria, ATM and banking access, landscaped greens and car parking. The development is described as Vaastu compliant. Exactly how these apply to individual SCO buildings is worth clarifying with the developer.

Plots come in four sizes. One of about 107.64 sq.yd is around ₹5.20 Cr, one of about 125.58 sq.yd is around ₹6.07 Cr, one of about 143.51 sq.yd is around ₹6.93 Cr, and the largest, about 220.06 sq.yd, is around ₹10.63 Cr. So plot sizes run from 107 to 220 sq.yd, with prices starting around ₹5.2 Cr. These figures are indicative and move with availability and plot position, so check the current price sheet.

An SCO plot suits a business owner who wants a building to call their own, or an investor comfortable with commercial leasing who would rather own the whole structure than a single shop. Control is the big advantage, since you decide the tenant mix and the layout.

The flip side is that commercial income is not guaranteed. It depends on footfall, tenants and the wider economy. Check the construction timeline, who builds the structure and at what cost, the permitted uses on your specific plot and the HRERA registration before you commit.

Emaar India is the Indian arm of Emaar Properties, the Dubai developer behind the Burj Khalifa. It has been in Gurgaon long enough that many of its projects are lived in, including Palm Hills, Palm Premier and Palm Heights in Sector 77, Gurgaon Greens and Imperial Gardens in Sector 102, and Palm Gardens in Sector 83. Walking through any of these will show you how its developments have held up.