A person can be assured of long-term income when it comes to commercial properties. Recently, the rental income on commercial properties in Pune is rising steadily. Furthermore, the government’s policies are slowly turning Pune into an IT hub. This has kick-started the demand for more offices as lots of IT companies are setting up their offices in Pune. Not only established companies but,u new companies are also choosing Pune as their hub. Therefore, Pune is becoming the epicenter for better commercial properties. You can find some of the finest residential projects in Pune that can be chosen as your dream home.
Due to the rise in demand for good commercial properties, the rental growth has risen over 10 percent annually. In Pune, Kharadi and Baner are the prime locations where people are looking for office spaces for rent or sale. As more and more established companies and start-ups are looking for better offices in these areas, the people are considering this period as the right time to buy office space. According to the experts, by investing in the commercial properties in Pune, one could double their investment value in 2.5 years. As Kharadi is growing at an exceptional rate, a person could expect to get huge value appreciation rates in the coming years, besides high rental income in the present. Contact the professionals to find out more about the properties in Pune.
Good quality, delivery of the property on time and good projects are the few things that the real estate companies are offering to the people in Pune. Good real estate companies can help the people to achieve a good ROI after they have invested a big sum of money. Apart from affordable pricing, good infrastructure and amenities are other contributing factors. Other areas that are going to give better ROI are Wagholi, Hadapasar, and Hinjewadi, apart from Kharadi and Baner. This is because they are Pune’s sub-urban areas which are under developing stage. Moreover, with the outbreak of good projects, investing in these areas can help the investors to ease their tax burdens as well.
Due to this rise in demand, experts forecast a significant rise in the rental value even for the smaller offices. An investor could diversify his portfolio by investing in the commercial property. This is possible through the lucrative plans offered by the real estate developers.
The following are other contributing factors that can give investors better ROI:
- Less Vacancy– As the demand for office spaces are growing, therefore, the commercial properties would not remain vacant for a long time. This will consequently ensure a regular and steady flow of rental income for the investors.
- Better Lease– In comparison to residential properties, the commercial properties can be rented out not only for longer time periods but it can also fetch a good rental income.
Investing in the commercial property in Pune is highly beneficial but it is also advised to be carried out with good planning and research work. Meanwhile you can also check the residential properties in Pune if you are planning to buy a house.