Reasons to Buy Commercial Property in Mohali

Mohali is a planned city located in the state of Punjab. In recent years, it has seen exponential economic and industrial growth following the liberalization of the Indian economy in the nineties. It is one of the major business and commercial hubs of northern India and lies adjacent to Chandigarh. It forms the Chandigarh Tricity region along with Panchkula, which is another satellite city of Chandigarh, the capital of Punjab and Haryana. 

Mohali has, over the past decade, emerged as one of the most important cities of Punjab and of northern India as a whole. It is developing into a hub of the information technology (IT) sector in the state. The state government too has devoted much effort into making Mohali one of the best places to live in in Punjab. All of this has resulted in many businesses and companies from around the country and the world setting up their operations in Mohali. As a result, there is a rising demand for premium commercial real estate in the city and renowned property developers are building state of the art real estate projects in and near the city. 

Some of the reasons why you should consider buying retail or office space near Sector 85 in Mohali have been listed below for your convenience.

• Commercial real estate is an excellent investment option as it offers higher returns than residential property. Both rental returns and capital gains are higher in case of commercial property.
• Property prices in Mohali are more affordable than in the major cities of north India such as Noida, Delhi and Chandigarh. This means you can purchase world-class commercial space in Mohali even with a relatively tight budget.
• Mohali is experiencing rapid economic and industrial growth, which means that investing in the city could be lucrative in the long run. Property prices in Mohali are bound to rise as the city develops further, offering you the opportunity to earn excellent ROI.
• Setting up a business in Mohali can be beneficial as the city is yet to become as crowded and congested as the metros. Hence, the competition is lower, offering higher chances of success. Additionally, Punjab is one of the most affluent Indian states with a lot of disposable income, which means that the residents would be better able to spend on whatever product or service your business is offering.

These are some of the reasons why you should consider purchasing premium retail or office space near Sector 85 in Mohali, one of best locations in the city.

Things to Consider When Buying Commercial Property

Real estate one of the most favored investment options in the world. Most people choose to invest in the realty sector because it offers high returns on investment while also being quite low risk. Buying commercial property is one of the simplest ways of ensuring high returns and excellent capital gains within a short period of time. There are several reasons for this:

• It promises a steadier flow of income because companies and businesses often stay in the same place for years
• Commercial property is more expensive and also experiences a higher rate of capital appreciation
• Commercial property commands higher rent

These are some of the reasons why investing in commercial property is quite a lucrative source of income and an excellent venue for long-term wealth creation. Before making such an investment, however, you must ensure that the property you purchase has some of the hallmarks of premium commercial property. Some of the things that you must consider when choosing a commercial space or plot to buy have been listed below.

• Location: The commercial property that you choose to invest in must be advantageously located in or near a major commercial hub of the city. It should, additionally, be easily accessible and well connected via roads and highways to all parts of the city and beyond. The location of the property is important because it plays an important role in attracting customers, clients and even employees to a business.
• Amenities: When purchasing a commercial space, you must make sure that it provides all the necessary amenities that are required for the smooth operation of a business. These facilities include hundred percent power backup, uninterrupted water supply, hi-tech security, adequate electrical points for all the equipment of the business, etc.
• Space: The property or plot that you buy must be big enough to comfortably accommodate not just the staff of an organization but also all of its equipment, machinery, etc. If you are purchasing retail space, then it must have enough room to display the wares of the shop while also allowing customers to move around and browse the products quite comfortably.

Hence, if you have been planning to buy commercial plots in Mohali or spaces in Mohali, Chandigarh or any other major north Indian city, then you should definitely ensure that it has all of the above-mentioned characteristics of good commercial property. You can contact a reputed property developer in the area to know about the best commercial real estate projects being built in the city of your choice.