The beautiful and cultural city of Pune has always stood apart from all other growing cities. There’s just something about Pune that makes it so desirable. It might be the beautiful weather throughout the year, or it could be the touch with its rich heritage. Regardless of what it is, Pune is so distinctly recognizable, owing to the vast development that has taken place in almost all economic sectors of Pune. It holds a strong job market, owing to this rapid development. There have been several migrations from various parts of the world to capitalize on this opportunity. Huge players of the IT and automobile market have Pune as their stronghold. Many areas like Hinjawadi are home to many SEZs. Because of this development, the real estate prices in most locales of Pune are on the rise, making it an ideal spot for profitable investments.
Benefits of Investing in Commercial Real Estate
Real estate has always been the go-to investment apart from gold for Indians. This is mainly because of the low-risk factor involved in real estate. In very rare cases, real estate investments project losses but there are tips to take care of that too! First, let’s check out the advantages of investing in commercial real estate.
Potential for high ROIs
There’s a rising demand for quality commercial real estate owing to the large-scale development in Pune, and as you know, the prices rise with the rising demand. Hence, it is quite likely to deliver substantial profits.
Ensures a steady flow of cash
Real estate is not a business where prices fluctuate daily but over time. If you choose to rent out your property, your commercial real estate will grow in value over time while you receive a significant sum as the rent every month. Even if you have an EMI, the rent will cover a majority of it, creating a profitable situation for you.
Lesser maintenance costs
There are maintenance costs in commercial real estate just like residential, but in commercial, they are usually taken care of by the tenants. This saves you a significant sum of money over time and relieves you of extra stress.
High demand leads to greater liquidity
When a commercial property is well-planned and thoughtfully placed in ideal locations, they never run out of customers. Even if one tenant chooses to leave, that property will sell like hotcakes, and keeps itself occupied.
Tips to invest in commercial real estate!
- Choose your location carefully as that is the most important factor that will dictate everything about your project. A bad project in a good location is a better option than a good project in a bad location. So, when you find a good project in a good location, don’t think twice.
- Choose a builder with a good presence and reputation in the market. This guarantees the quality of the project and the time of delivery. Reputed builders have strict standards of excellence as they aim to maintain their reputation in the market. This also minimizes the likeliness of fraud.
- Ensure that the infrastructure is top-notch along with quality amenities in your premises. This is an important point as your infrastructure and amenities will be one of the main reasons that dictate how much appreciation your property deserves over time.
- Do your research, find out everything you can about the market for an educated decision. Feel free to consult any expert in the market because real estate investments involve a lot of money, so it’s better to make good decisions by taking quality help.
- Decide on the kind of commercial property that piques your interest and set a budget that you are willing to spend. These two points will set the base for a better and quicker decision as you won’t waste your time on projects that don’t fit these criteria.
- Check for the legal issues that might come back and haunt you. Ensure that all documents are in order and the ownership has been rightfully transferred.
- Check the layout of the project and make sure you visit the site. This helps in gaining a deeper understanding of your investment and will also allow you to inspect the quality and design of the project.
At Pyramid Lifestyle, we create a nurturing environment with modern technology where your business will grow to its fullest potential. Our commercial project, Pyramid Axis is thoughtfully placed in the ever-growing locale of Baner. These evolved office spaces offer seamless connectivity and are located right in the middle of the hub of advancement. Pyramid Atlante is a blend of residential and commercial. It offers exclusive retail shops in Wakad. This popular area of Pune ensures a large footfall, and the real estate prices have been on the rise, making it a lucrative spot for investment. Visit www.pyramidlifestyle.com to know more about us and our projects. Book a site visit with us today!