Investing in new commercial projects in Gurgaon can be very profitable, but you must make sure they are located at the prime locations.
Gurgaon has evolved from a mere suburb to one of the largest financial hubs of the country. Gurgaon has witnessed this growth due to the corporate mammoths that chose to build their offices and headquarters in this city. With most businesses shifting their base to Gurgaon, the commercial real estate sector has also seen considerable growth.
According to the experts, investing in commercial properties is more profitable than investing in residential properties. So if you want to get good returns, you must consider investing in the upcoming and new commercial projects in Gurgaon. But you must remember one thing – to get the best results, it is important that you invest in the right commercial projects in Gurgaon.
When it comes to commercial properties, the location is much more important than the amenities provided. So when looking for commercial properties, the first thing you should look for is a property in a prime location. Benefits of investing in a commercial property in a prime location are as follows:
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If you have invested in a commercial property with an intention of renting, it will be easier to find good quality tenants in a prime location.
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If you have invested in a property with an intention of selling it, chances are you will get considerably high resale value due to the high demand of commercial properties in prime locations.
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You will also be quickly approved for a loan, for a property located in a prime location because the chances of capital loss are very rare.
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Finding good quality candidates for your organization will also be easier since people want to work with companies who have their offices located at convenient locations.
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A business located in a prime location will have better visibility and credibility, so the growth ratio will be higher as compared to businesses located in other locations.
Now that you know, investing in new commercial projects in Gurgaon located in the prime locations is the best, how would it be determined whether a specific location is prime or not? It should not be very difficult; there are certain areas that are more popular than the others such as Sohna Road, Golf Course Road, etc. Apart from these, the following factors will help you decide whether a specific location is prime or not:
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Proximity to the business centre and commercial hubs
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Accessibility of the location – whether it is close to the bus terminus, metro railway, etc.
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Infrastructure – presence of restaurants, movie halls, shopping malls, etc.
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Amenities offered
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Presence of other commercial projects
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Future development prospects
The facilities offered within a commercial property should be considered later; in order to evaluate whether the value of the commercial property will increase in the future or not, you need to consider the surroundings and the future development prospects of the area. If there are chances of new commercial projects to come up and improvement of infrastructure, then you may expect to get good returns.
So before investing in commercial properties, make sure you evaluate each and every aspect of the property to get the best returns.
Author Bio: Chetan Naidu is a freelance writer with years of experience in writing on various topics. His recent write up talks about investing in commercial projects Gurgaon.