Commercial land in Gurgaon is valued on what can be built and leased on it, which makes the permitted floor area ratio as important as the plot size.
The value of a commercial parcel follows what can legally be constructed on it. Two plots of the same size with different permitted ratios are not comparable assets. Establish the sanctioned floor area ratio, ground coverage and height restriction before comparing any two parcels on price.
Commercial land performs on the density of activity around it. A parcel in a stretch that is already trading has a shorter path to income than one in a belt still filling in. Both can be sound purchases, but they require different holding assumptions and should not be priced alike.
On what can be built and leased on it. The permitted floor area ratio matters as much as the plot size.
Approvals depend on the licence and the permitted use. Confirm the sanctioned floor area ratio, ground coverage and height limit before purchase.
Land gives control and no depreciation, at the cost of construction effort, a longer path to income and a thinner resale market.