The growing demand for retail stores, high street, office space and co-working space has made the retail and commercial segment a better option than residential. Experts are also telling the best time to invest in the segment, so that they can get maximum returns.
At present, the investment size in the residential category has become huge, the returns have become equally small. If you have made up your mind to invest in real estate, then you can cash in on the boom in retail and commercial segments. The growing demand for retail stores, high street, office space and co-working space has made the retail and commercial segment a better option than residential. Experts are also telling the best time to invest in the segment, so that they can get maximum returns.
25 percent growth will be seen in the commercial sector
Behind the strong growth of commercial property is the start-up culture and the influx of multi-national companies (MNCs) into the country. If we talk about Delhi NCR, then many data centers are being established here. Because of which there has been an increase in lease property demand in the commercial property market. According to an estimate, the commercial sector may see a growth of 20-25 percent, which will be more than the growth seen in the last 3-4 years. As per predictions of market experts, retail income is set to cross the mark of around 15 per cent and commercial space prices are likely to increase by around 15-18 per cent in 2023.
Read this also:- LIC-Adani jugalbandi hit, trust worked, now results are visible
Increase in manufacturing units and start-ups
NH-9, Noida, Greater Noida and Yamuna Expressway located in Ghaziabad and Gautam Buddha Nagar will continue to see prime commercial office demand from industries to some extent; IT/ITES/BFSI, large scale manufacturing units of many categories and start-ups are increasing the pace of growth. The recently concluded, UP GIS (Uttar Pradesh Global Investor Summit) 2023 has given an opportunity to the investors from all over the world to expand. Noida International Airport, high-speed metro from Jewar to New Delhi, freight corridors, transport hub at Bodaki are developments that make this sector the most sought-after investment destination for business and commercial activities.
Read this also:- Big news: Government again extended the date to link PAN with Aadhaar, got extension till June 30
Boom in commercial property transactions
Sandip Sahni, chairman of Itham World, a company building retail and commercial space in Noida and Greater Noida, says positive demand and a massive increase in infrastructure quality have boosted leasing of retail space and commercial real estate post-pandemic. Transactions have grown and will definitely grow by a higher margin in the coming quarters. iThem World will soon be giving possession of brands like Westside, Croma, Starbucks, Judio, KFC, Chaayos etc. in Phase-1 of iThem Galleria Mall, spread over 2.86 acres in Greater Noida.
Read this also:- Why there is a furore in Adani shares, after Hindenburg this report created trouble
Increase of people with good income in towns
Himanshu Garg, director, RG Group, makers of the residential project RG Luxury Homes, says that metropolitan cities and towns have seen a rapid growth in the well-off population. He informed that now we are coming up with a shopping arcade at RG Luxury Homes in Greater Noida West, which will have about 41,912 square feet of dedicated shops, kiosk area and space for other commercial activities. The dominant acceptance of prices and lack of alternatives in good retail and commercial locations have also fueled demand in the market, especially in densely populated areas, which has fueled a sustained peak in demand for retail space.
Read this also:- EPFO’s big decision, the government increased the interest on your PF
Residential and commercial demand grew rapidly
Suresh Garg, Vice President, CREDAI Western UP, says that as far as demand is concerned, real estate in Delhi-NCR has always been considered the center of attraction. The demand for residential and commercial has increased rapidly. Real estate properties and investment subsidiaries will be created for the sole purpose of investing and making money, and this development will control the market. In fact, commercial real estate, which generates income in the form of rental, ROI and income-generating properties, has now become a sought-after investment option.
Source: www.tv9hindi.com
: Language Inputs
