Buying a commercial property involves a fair bit of research. Regardless, of whether you are buying it as an investment or starting your own venture. It is important to analyze the different parameters before sealing the deal.
Most of the people belonging to the commercial buyer’s segment have proper knowledge of the realty market. Buyers putting their money into commercial properties know that it has comparatively better liquidity than the residential houses. Also, one has to bid a greater amount while buying commercial property. Residential properties have relatively lower yields.
A buyer needs to evaluate region-wise aspects before buying, like growing industries, connectivity, employment opportunities, the official framework of the deals, etc. The booming manufacturing, start-ups, and IT sector, Pune’s commercial real estate is witnessing significant growth.
We have focused on many aspects affecting the buyer’s perspective and zeroed down some hot location in Pune. Considering the following points will help you to choose the ideal commercial property.
Arguably, location is the most important element because the return of investment (ROI), majorly depends on it. Check the vacancy percentage of the location before pitching for it. If it is less than 5% then will hamper the rental yield and capital appreciation. Currently, hot locations in Pune are Kharadi, Baner, Hinjewadi, Wakad, Nashik Phata (Kasarwadi), Wakad, and Munda. If you are looking for office space at Nashik Phata, Kasarwadi then Sukhwani Business can be a good and time tested option. They provide a property with ideal configurations and high appreciation. Also, choose a location that has adequate visibility, proper connectivity, and modern infrastructure.
Contact a Reputed Developer
All the market leads have a good track record and always follow an ethical path to maintain it. Hence, there will be less risk of falling into a trap and facing losses. Contact builders with MahaRERA registration so that you will be certain about the property. One just developer is the Sukwani Constructions, who have created their goodwill in the market for the past 30 years.
Look into the Paperwork
Keep all your ownership and mortgage documents in order as it is important to get a fair deal and timely possession. Along with inquiring the legal formalities, make sure to probe the lease structure. Usually, it is a nine-year or 15-year lease with escalation every three or five years, respectively.
Growth Prospects Related to the Property
Whether you are looking for a long-term investment or not, a buyer should always consider the rental trend and price appreciation of the property and location. Consider putting your capital in a pre-leased property for instant income generation.
Office Size and Fit-outs
Office size will depend upon the number of employees and budget. Another parameter to regard is the scope of growth of your company size. If you are opting for a well-furnished space then it can cause a relative dent to your pocket. Still make sure that the office space you are opting for has general facilities like cubicles, conference rooms, interior cabins, air conditioning, flooring, wiring and ceiling, etc.
Looking for the office space at PCMC? Explore the finest space at Sukwani Business located at Nashik Phata, Kasarwadi. It has a strategic location, high-end amenities, and well-developed infracted, that too at a modest price.