So, what are Commercial properties, they may refer to shops, showrooms,spaces, offices, warehouses, industrial buildings, or “mixed use” buildings, where the property may have a mix, such as retail, office and apartments.
Like most real estate investments, investing in commercial property requires sound research and planning. Right time Right Price Right Place for good returns
In Pune, majorly all the IT firms are concentrated in 2-3 suburbs. These areas also have offices and homes to cater to the Hubs and an upcoming social infrastructure to meet the needs of the growing population .
Apart from this, many hospitality firms and educational institutions too are increasing, as Pune is known as the Oxford of India, one of the best cities for education.
Reasons
- Capital Appreciation: Commercial Real estate investments have increased in value — over the long term. This is called appreciation and adds to your net worth without your doing anything! The appreciation can be from increasing rents or from the market’s valuing the asset higher than it was in the past.
- Return on your Investment: The commercial real estate offers a return between 6% to 8% return on your investment. Retail spaces yield higher rental yields.
- Demand:The demand for office spaces is gaining momentum as companies are looking to consolidate or expand due to improving business sentiment.
To Explore The Various Commercial Properties In Pune
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21.11.2023
Why is Pune’s Real Estate Market Booming?
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