If you have decided to invest in a commercial property in Pune, bravo! You have made the right decision as a commercial property in Pune would fetch you great returns on your investment. The growing commercial property rates near Koregaon Park Pune are a testament to this. Smart investors who have made the wise decision to buy commercial office space in Pune are reaping the benefits already, and it is not surprising at all. For those who are still in dilemma whether or not to invest in a commercial property in Pune, here are a few reasons that might allure you to to buy commercial office space in Pune.
The Gigantic Growth of Pune’s Real Estate Industry
Pune is taking pride in its upwards trajectory when it comes to the growth of the real estate industry here. To put it in number, Pune’s real estate scenario has seen over a whopping 6.9 million sq. ft. of new projects enter the market in the year 2022. And needless to say, commercial property in Pune forms a significant part of it. This might give you an idea of the humongous demand for commercial property in Pune. It’s no wonder then that commercial property rates near Koregaon Park Pune have also witnessed an astounding growth in the past few years.
Great Returns on Investment - one of the many reasons why commercial property rates near Koregaon Park Pune are multiplying
When you buy commercial office space in Pune, you can benefit from the fact that commercial tenants sign a longer contract as compared to the residential tenants. Since the rentals of a commercial property in Pune would always be higher than the rental for a residential property in that area, you will also get higher returns on your investment. So, if you are looking for regular and higher returns on your investment, a commercial property in Pune is your best bet.
High Annual Rental Appreciation - a significant contributor to the commercial property rates near Koregaon Park Pune
When it comes to the annual rental appreciation, a commercial property in Pune has always had an edge over the residential properties in the same location. Research shows that while the annual rental appreciation of a commercial property in Pune has been around 8 to 11 percent, a residential property has fetched just somewhere between 1.5 to 3.5% annual rental appreciation.
Pune - a popular destination because of its ease of living
Pune was ranked 2nd in the Ease of Living Index for the year 2022. Its favourable climate and growth opportunities have attracted people from all over India, making it a cosmopolitan city and an alluring destination for investors who seek to cash-in on the demand and buy commercial office space in Pune.If you wish to explore investment options in Pune, check out the commercial property rates near Koregaon Park Pune, and analyse the growth to arrive at the smart decision of investing in a commercial property in Pune.
Increase in the Number of Startups and Businesses have played a major role in the rising commercial property rates near Koregaon Park Pune
There has been an unimaginable rise in the number of startups and businesses in Pune, in recent years. If reports are to be believed, more than 3000 startups have registered themselves in Pune. Startups often require less space and prefer to operate from a co-working space. You could check out commercial property rates near Koregaon Park Pune, invest in a commercial property in Pune after analysing the rates, and then convert that space in a co-working hub to earn regular returns on your investment.
Infrastructure and future development has led to the rise of commercial property rates near Koregaon Park Pune
Already blessed with robust infrastructure, the city of Pune is gearing up for an array of infrastructure development projects in the near future. If you are looking for a commercial property in Pune, a few of the future infrastructure projects that could give your investment a boost are -
Pune Metro Rail Project
Pune Ring Road Project
Pune Smart City Mission
Pune Airport Expansion Project
Check out the commercial property rates near Koregaon Park Pune, and buy commercial office space in Pune now to make the most of this future infra development and reap great dividends on your investment.
If you wish to buy commercial office space in Pune, take a look at Kohinoor Business Tower. This premium commercial property in Pune is located in Koregaon Park Annexe - Pune’s emerging business hub. Kohinoor Business Tower comes with contemporary spaces ideal for every industry, well-planned features and a thoughtful layout, making it an ideal investment if you are looking to invest in a commercial property in Pune.
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