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Why should you buy commercial property in Pune?

Why should you buy commercial property in Pune?

On the one hand, commercial properties in Pune are significantly more expensive than residential buildings and require more maintenance. On the other hand, they can provide good returns on investment than rented or sold residential buildings. The benefits are proportional to the extent of the risks taken, as is the case in many investing options.

The most important thing to remember when investing in commercial property in Pune is that location is everything. Whether it’s a shop or an office, the location or region where you choose to open your business can make or break its success. Pune is one of the city’s neighborhoods that ticks all the boxes about commercial real estate investment.

 

Sukhwani Constructions briefs about the benefits of investing in a commercial property in Pune:

Connectivity and visibility:

When it comes to commercial real estate investment, visibility and accessibility are critical. Pune has a strong connection, which can help your company gain visibility. The primary highways are going through the region. The city is well connected with one major and three minor Railway Stations ST bus depot. Both Pune railway station and Shivaji Nagar Bus Stands are close by and offer good transport services.

 

Proximity to job hubs:

Having your business or office space close to other commercial and employment hubs will always provide you a competitive advantage. Pune provides convenient access to Pune’s various employment hubs. Pune has Hinjewadi IT Park, Magarpatta City, and Amanora Park Town, and World Trade Centre, Cerebrum IT Park, and the EON IT Park.

 

Social infrastructure:

Pune is regarded for having excellent social infrastructure, which is a plus for any commercial real estate investment. Good International Schools, International colleges, and institutes are in the neighborhood. The leading hospitals and Nursing homes, popular shopping complexes contribute to the development.

Pune has a high rate of property price appreciation, and demand for real estate in the area is gradually increasing.

 

Rent Increases

Owners of commercial property in Pune might expect more rental income. Because commercial buildings are a source of revenue for the tenant, they often take up greater space in more central locations and offer more services and resources.

The two most important variables that lead people to make commercial investments in PCMC are rent potential and rent appreciation. The rent, on the other hand, is heavily influenced by a variety of factors such as the location, the size of the commercial space, the nearby business opportunities, whether the space is furnished, semi-furnished, or unfurnished, the diversity of use (for example, whether it can be converted into an office or used solely as a shop), and so on.

 

Appreciation of value

It’s normal to practice renting out business property to meet operational costs while also profiting from the propertys’ increased worth.

Residential growth has a considerable impact on commercial valuation. A large portion of Pune is currently undergoing massive residential development. Wakad, Ravet, Pimple Saudagar, Rahatani, Punawale, Shahu Nagar, and Moshi are among them.

Villages or tiny agricultural settlements on the outskirts of Pune, on the other hand, have all blossomed into bustling towns. Although commercial assets appreciate at a slower rate than residential buildings, the rate varies depending on the location, and the annual average is around 6%.

 

Relationships between businesses

The interaction between the landlord and the tenant is more business-to-business. Interactions are professional and kind regularly.

Both parties usually aim to reach a long-term agreement that benefits both of them.

 

Conclusion:

Commercial property in Pune is a good investment. Commercial buildings often provide greater financial rewards than residential properties, but they also come with more dangers.

Before you make the investment option that’s best for you, familiarise yourself with the city’s business landscape, learn everything there is to know about the real estate developer, and choose the right one like Sukhwani Constructions, and, most importantly, be diligent with the documentation.