For any retail store owner, selecting a suitable location for his store is absolutely essential. The primary reason behind this is that the profitability of a retail store will depend on the footfalls. The greater the number of prospective customers visiting your store, higher will be chances of making a successful sale. Real estate developers, thus, are more interested in constructing multiplexes in areas like Noida, which is already an established commercial center. The multiplexes in Noida also double as lucrative commercial centers, which makes it easier for realtors to sell retail spaces to companies, offices as well as retail store owners. Some of the reasons behind the growing importance of Noida to build multiplexes have been discussed in the following section
Noida as a Suitable Region to Build Multiplexes
Industry observers believe that the New Delhi National Capital Region (NCR) is poised to see a major increase in commercial property development in the upcoming years. Noida being a very important part of the NCR has also witnessed an exponential growth in the retail industry. Real estate developers in Noida are building multiplexes that have retail spaces, as well as exclusive office areas. Moreover, purchasing retail shops in Noida can be very high paying as the property appreciation rate in this region is higher than the rest of NCR. If you purchase a retail space in a multiplex in Noida, you can be assured that it will be in the proximity of public transport systems like the Metro and arterial roads. This will make it easier for customers to visit the multiplex and subsequently, increase the footfalls in your store. If you purchase a retail space within a multiplex in Noida, you can also be assured of many additional facilities, some of which have been discussed below.
What to Expect from a Multiplex in Noida?
Renowned real estate developers who have been building multiplexes in Noida for many years mention that a typical commercial building will ensure that it provides the following facilities:
The multiplex will have multiple parking levels. This ensures that there is sufficient parking space for all visitors to the multiplex. Additionally, multiplexes also have commercial office areas. There will be dedicated parking lots made available to customers purchasing commercial space within a multiplex.
In a multiplex, there will be entertainment centres, movie halls and eateries. In other words, the multiplex will have all modern facilities to attract more and more customers.
The multiplex itself will be surrounded by landscaped gardens and water bodies to add to the overall ambience of the area.
Thus, purchasing a retail space in a multiplex in Noida is indeed a lucrative investment. However, it is advisable that you purchase the space from a renowned commercial property developer so that you get the correct valuation of the commercial space that you wish to purchase.