Real estate is one of the most solid assets to invest in. Property prices don’t waiver much, making it a stable wealth generator. In cities like Pune, you would be spoilt for choice when looking for commercial property for sale. But making a property purchase involves a huge financial investment. Given that, there are many factors that you must consider before signing on the dotted line, the developer’s reputation being an important one. Picking Naiknavare Developers ensures your money is safe. One of the ‘Real Estate Icons of Pune’ in 2022, they have successfully delivered an array of residential and commercial projects.
Is commercial property more profitable than residential? This is a valid question, considering that it is an expensive investment. Let us explore.
Is Commercial Property More Profitable Than Residential?
Pros of Commercial Property
Income from Rent: Rental income generated from commercial property is generally higher compared to residential properties. This holds especially true when talking of office spaces/retail/industrial spaces.
Stable Income: Generally, commercial properties are acquired on longer lease periods, thereby providing more stable income over a longer period as compared to residential properties.
Better ROI/ Higher appreciation: If your commercial property enjoys a good location, its value may appreciate substantially and in a short period, offering a handsome return on your investment.
Cons of Commercial Property
A commercial property has its challenges, too.
Higher Purchase Price: When you pick a commercial property for sale, it would have a higher upfront cost compared to residential properties.
Risk of Vacant Property: If the location of your property is not very good or doesn’t suit businesses, it is quite likely that you may have a tough time finding tenants. Also, if the property is vacant for long, you miss out on your rental income for a long time.
Unstable Market: Commercial properties are affected by market volatility. If the overall economic conditions are not so favourable, rents might get slashed, or there may not be any takers.
Expertise Required: Managing commercial properties often requires a deeper understanding of business operations, lease negotiations, and property management.
Given their benefits and challenges, commercial properties need to be managed well. If you have been actively looking for commercial shops for sale in Pune, you must check out 7 Business Square by Naiknavare Developers, one of the best commercial properties for sale in Pune.
7 Business Square by Naiknavare – USPs
Located at Ganeshkhind Road, Shivajinagar in Pune, 7 Business Square has an edge over other business complexes given its premium location.
Blessed with a well-developed infrastructure, connectivity with other parts of the city, public transport facilities, etc., & 7 Business Square is an enviable address to own a home at. There is a 100% power backup facility for all common areas and business centres. To address parking woes, there is an option for mechanical car parks and valet parking, too. The complex has 24*7 security and CCTV surveillance. Besides, there is a dedicated zone for Yoga & meditation and also a Café Bar for recreation. These premium facilities in the complex truly make it the best commercial property for sale in Pune.
Location
What makes 7 Business Square all the more alluring for buyers is its strategic location and the excellent connectivity it offers. The location of a business is of paramount importance if you’re looking for a good footfall. Ganeshkhind Road Shivajinagar is a central location, which makes every other place very conveniently accessible. Having a retail/ office space here will give your business more visibility and more business. Also, Shivajinagar enjoys a thick catchment, given the densely populated neighbourhood. This would facilitate more customer footfall for commercial spaces in the vicinity.
Naiknavare Developers have given Pune some of the best commercial spaces in the town. Town Square at Viman Nagar and Seasons Square at Aundh boast of the best of locations in Pune. The happy customers in these commercial spaces will vouch for the construction quality and overall amenities in these projects.
Now the question arises: Is it worth buying commercial property in Pune?
Yes, without a doubt! An established IT hub, an emerging manufacturing hub, and an outstanding academic centre, Pune offers a load of opportunities. In the last few years, there has been a huge influx of migrant population in Pune in search of employment and academic pursuits. The Maharashtra Govt. is leaving no stone unturned to develop the city on a fast-paced model. Given this thrust, there is no dearth of commercial residential property for sale in Pune. The commercial property rates in Pune are inching Northwards now. An investment into a property at this time will fetch you fortunes in years to come.
Blessed with an excellent location and equipped with exquisite amenities, these Commercial shops for sale in Pune at 7 Business Square will be an asset in your investment portfolio by all means. If you are scanning commercial property for sale in Pune, check out 7 Business Square.