Real estate development companies with a vested interest in building commercial properties in urban centres in India prefer to invest in properties that are located at established industrial, commercial, and Information Technology (IT) hubs like Noida. With the development of the Metro railway system in New Delhi, Noida’s connectivity to the capital and the rest of the National Capital Region (NCR) has vastly improved. This has subsequently helped to promote Noida as the foremost commercial and industrial centre in the region. Thus, real estate development firms perceive Noida as a suitable place to develop malls, shopping complexes, and other similar commercial centres. Some of the reasons behind Noida becoming a favoured destination for commercial property development have been discussed below.
Assessing Noida as a Suitable Destination for Commercial Property Development
Purchasing a Business space in Noida is always a lucrative investment, primarily because this region is poised to be one of the foremost industrial and commercial centres in India. Noida is also an established Information Technology (IT) hub. Thus, there is a continuous influx of individuals from the high income group in this region. This incursion of individuals from high income group has become an added incentive for real estate developers to build malls, shopping complexes, and retail centres in Noida. Additionally, with the increased number of start-ups being set up in Noida, there has been a growing demand for commercial spaces, especially amongst young entrepreneurs. Thus, from an investment point of view, purchasing a commercial space in Noida is always a lucrative option.
Facilities that you should look for in a Commercial Space in Noida
If you want to purchase a commercial space in Noida, then consider buying one which is located within a mall or shopping complex. This will ensure that you have easy access to the following facilities:
- The mall will have ample car and two-wheeler parking facilities. This will prove to be advantageous for both your clients and employees. There will also be designated parking spots for owners of the individual commercial spaces in the mall.
- Malls are always centrally air conditioned with a power backup facility. The power backup facility will ensure that even if there is a power failure, the air conditioners will continue to function.
- The retail spaces on the ground floor of a mall will be of double the height in comparison to the store spaces of the upper floors. This will make the stores on the ground floor look spacious and roomy.
Hence, in order to be assured that the commercial property that you purchase is exclusive and to ascertain that the investment is a lucrative one, you should purchase an office space within a mall. Additionally, you should always purchase a commercial property which is located in a commercial or industrial hub. When purchasing a commercial property, consider only renowned real estate developers. This will ensure that the property itself has all the required facilities, and also guarantees the legality of the transaction.