Intro: Noida is primarily popularized as the residential hub for the affordable to mid-segment, but the place is turning out to be a commercial hub too.
When an area's residential population begins to rise, the movement of the commercial segment becomes evident. Noida is experiencing the same phenomenon as the need to provide commercial facilities is gaining a voice. To help the people, social infrastructures such as malls, shopping centres, malls, restaurants, and offices are coming up; infrastructural changes such as comprehensive metro and road connections, announcements such as Jewar Airport and Film City are coming up.
Greater Noida Industrial Development Authority’s (GNIDA) decision to assign six acres in Techzone 4 to a Japanese company to set up a 70 MW data centre is expected to transform the region into an attractive data centre hub due to infrastructure availability and to help the company decentralize from conventional strongholds in Mumbai and Chennai. Real estate markets in the area are also expected to be boosted; this would be the second data centre project here after 20 acres in Knowledge Park 5 was given to a real estate firm to set up a 200 MW data centre. With such announcements, individuals are showing more interest in the region and thus increasing the need for business. With commercial ventures, such as Gulshan One29 in Sector 129, the Noida skyline is shifting. In Noida, including all developers' projects, there will be an investment of more than Rs 10,000 crore over the next four years in the commercial segment. Since several commercial projects in Noida are coming up in this area, such as malls, shopping centres, restaurants, office spaces, etc., over the next two to three years, there would be 15-20 percent growth in commercial real estate. Several group housing societies have been delivered to Noida in the last few years, leading to the need for a large number of commercial spaces.
Speaking of the commercial occupancy level in Noida, it can be said that it has increased in the last five years. The area provides larger spaces to occupiers at competitive prices and is often one of the favoured commercial real estate choices in this micro-market. It was bound to happen as residential growth accompanied commercial development. The projects in noida expressway are gaining momentum with retail stores, banquets, multiplexes, and restaurants. The lease model, which is working wonders for the commercial segment here, is the preferred option of realtors.
The government lowered the circle rates here in August 2019 to make it more investor-friendly. The reduction for floor-wise commercial property is 21 percent, and for individual commercial property, 21.5 percent. In addition, the central government provides new start-ups with tax relief for a term of three years from the date of their commencement of operations. These all suggest unparalleled investment advantages. As an attractive investment proposition, commercial real estate has emerged for private investors as well as institutional funds.
With connectivity growing through the expansion of NH-24 and the presence of expressways, Noida is becoming a hub for commercial development. Hence, it is attracting the attention of developers with sound credentials in retail and commercial property development. As a result, the region is experiencing a growing number of launches and leases of ongoing and upcoming commercial projects in Noida Expressway.
Commercial segment is booming in Noida
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Whether you are searching for a home via conventional needs (Cash or Mortgage) or an investor looking to expand your portfolio, let our award winning services guide you in the right direction.https://www.myhomesa.com
What is a commercial real estate property?Buildings for retailBuildings for office space.Warehouses.Buildings for Industrial purposesBuildings for apartmentsBuildings that have retail shops, office space, etc.Investment in commercial Estate increases your income, compared to renting to a single-family, which yields a profit of around 2-4%, commercial estate gives you a profit of around 6-12% on the price it was purchased.
Commercial real estate has specific hours when the shops are open, you won’t have to worry about any hassle at night, unlike renting for housing where you can be called for maintenance anytime.The retail tenants manage their space by themselves as they need to catch the customer’s eye, you can save yourself putting extra efforts into that.You can have more business to business customer relationships with the tenant which will help in keeping the conversation professional.Retail tenants have to maintain their image for their customers, for which they take care of the property which is in the common interest of both the tenant and the landlord, hence the quality and value of the property increases with time.If your commercial real estate property is in a very premium location, megabrands would be interested in your property, and because they have to maintain a very good reputation amongst their customers, your property’s condition will improve along with its value.
Shops like Adidas store or Starbucks would further increase the value of your property.You don’t have to pay any expenses on the property, it is the job of the lessee to pay the taxes and expenses.
You only need to pay the Mortgage.To have access to the best Investment property commercial Real Estate services, visit Infinity commercial group.
Virtual reality is the technology that helps the client to virtually visit properties and experience immersive, three-dimensional walkthroughs of properties.
This saves you time, travel expenses, energy waste and can visit more sites in far less time.
Potential buyers or renters can virtually visit dozens of locations and decide which are worth visiting in person and can have a better decision-making process.Benefits of VR Technology in Real EstateThe practical uses of virtual reality in the real estate industry are unlimited, but some still have doubts about whether or not it is worth it.
Saves TimeThis is probably the biggest benefit – virtual reality saves time for both buyers and home realtors.
Real estate agents can conduct virtual tours at their office where homebuyers can visit houses and apartments at any time without wasting realtors time.2.
Unlike personal visits which can be rushed, VR home tours allow the potential buyer to focus their attention on details.
Whether you are searching for a home via conventional needs (Cash or Mortgage) or an investor looking to expand your portfolio, let our award winning services guide you in the right direction.https://www.myhomesa.com
Whether you are searching for a home via conventional needs (Cash or Mortgage) or an investor looking to expand your portfolio, let our award winning services guide you in the right direction.http://www.myhomesa.com/
What is a commercial real estate property?Buildings for retailBuildings for office space.Warehouses.Buildings for Industrial purposesBuildings for apartmentsBuildings that have retail shops, office space, etc.Investment in commercial Estate increases your income, compared to renting to a single-family, which yields a profit of around 2-4%, commercial estate gives you a profit of around 6-12% on the price it was purchased.
Commercial real estate has specific hours when the shops are open, you won’t have to worry about any hassle at night, unlike renting for housing where you can be called for maintenance anytime.The retail tenants manage their space by themselves as they need to catch the customer’s eye, you can save yourself putting extra efforts into that.You can have more business to business customer relationships with the tenant which will help in keeping the conversation professional.Retail tenants have to maintain their image for their customers, for which they take care of the property which is in the common interest of both the tenant and the landlord, hence the quality and value of the property increases with time.If your commercial real estate property is in a very premium location, megabrands would be interested in your property, and because they have to maintain a very good reputation amongst their customers, your property’s condition will improve along with its value.
Shops like Adidas store or Starbucks would further increase the value of your property.You don’t have to pay any expenses on the property, it is the job of the lessee to pay the taxes and expenses.
You only need to pay the Mortgage.To have access to the best Investment property commercial Real Estate services, visit Infinity commercial group.
Virtual reality is the technology that helps the client to virtually visit properties and experience immersive, three-dimensional walkthroughs of properties.
This saves you time, travel expenses, energy waste and can visit more sites in far less time.
Potential buyers or renters can virtually visit dozens of locations and decide which are worth visiting in person and can have a better decision-making process.Benefits of VR Technology in Real EstateThe practical uses of virtual reality in the real estate industry are unlimited, but some still have doubts about whether or not it is worth it.
Saves TimeThis is probably the biggest benefit – virtual reality saves time for both buyers and home realtors.
Real estate agents can conduct virtual tours at their office where homebuyers can visit houses and apartments at any time without wasting realtors time.2.
Unlike personal visits which can be rushed, VR home tours allow the potential buyer to focus their attention on details.