The first quarter of 2019 is ending on a good note with Indian real estate industry gaining confidence; the simple explanation to why India’s rank in World Bank’s Ease of Doing Business index has improved by 23 spots and now India at 77th position.
The present improvement in the market, especially in the commercial office space has brought major benefit to the Indian real estate industry. For instance - The NCR investors are showing more interest in investing their resources in large commercial office space in Noida.
The demand for office space in India is boosting up, which is the key factor behind strengthened investment in commercial real estate. The first quarter of 2019 is expected to end on high records with both buying and leasing volume and demand. As a result of the large office space deals, there is significant improvement in the average deal size, 27% to be precise. Similarly, the average leasing has also improved and is currently at the highest position ever for office space in the Indian real estate history.
The present improvement in the market, especially in the commercial office space has brought major benefit to the Indian real estate industry. For instance - The NCR investors are showing more interest in investing their resources in large commercial office space in Noida.
The demand for office space in India is boosting up, which is the key factor behind strengthened investment in commercial real estate. The first quarter of 2019 is expected to end on high records with both buying and leasing volume and demand. As a result of the large office space deals, there is significant improvement in the average deal size, 27% to be precise. Similarly, the average leasing has also improved and is currently at the highest position ever for office space in the Indian real estate history.
Thus, Indian real estate market, especially commercial sector, is all set to break the previous records and this is the clear indicator of a healthy buying and leasing market. In keeping with views of the experts, ‘the rising financial picture gives a positive backdrop for uninterrupted growths in the commercial real estate market. The major IT and technology brands are predicting close to 10-12% of annual growth by 2020, which directly will help the large and small office space market to remain strong in 2019.
The key commercial office space market in NCR, especially Noida, continue to go from strength to strength in both rental and purchase. This is good news for both developers and investors. The property markets in such cities have turned out to be very dynamic as both the established and new developers are all geared up to meet the demands of their existing and potential clients.
Based on the above information, it is quite evident that it is a good idea to invest in commercial real estate now. Here, we are summarizing a few pointers to explain why and what must be kept in mind while investing in a commercial real estate.
• Culture of Business Enterprise
The culture of entrepreneurship is benefiting the commercial real estate. The business houses are not only over-seas based but most of them are Indians and young entrepreneurial businesses that are working hard and making their name in the market. Since, Indian entrepreneurs are no longer dependent on over-seas financial assistance for their growth and business needs, there is high demand for office spaces in Tier-I cities.
• Higher Returns
In India, the returns in real estate are the highest as compared to the rest of the world. And this is even more when the property under consideration is the commercial office space. In order to achieve passive income along with the tax benefits, one should consider investing in commercial real estate.
• REITs – working towards proficiency
With the introduction of Real estate Investment Trusts or the REITs, commercial real estate is in the hands of a very professional Asset Management Company. The REITs aim at creating liquidity, transparency and depth in the real estate market. Putting your resources in the property in which a REIT has a share is a good idea, because all the risk factors will be taken care of or the due diligence will already be done and there are almost nil risks involved.
• Amenities in the Property
Whether buying for business needs or for rental purpose, make sure the property has good facilities and services, chief among which include – parking space, fire safety measures, power backup, good quality wiring and overall construction material. Especially, when it comes to office spaces – facilities related to seating spaces must be scalable to accommodate future employees.
With Indian Economy all geared up to grow in the coming years, there is obviously more demand for large commercial office spaces. It is in this context that reference can be made of Anthurium as the most advanced technology savvy large commercial office spaces situated in the heart of sector-73, Noida. The industry leader’s first choice, Anthurium offers its investors best place with best possible returns. The place has all the benefits of a prime property in terms of resources, amenities, branded companies and crowd pull. So, put your resources in Anthurium – the RIGHT property for your business needs and cherish the benefits.
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