Commercial properties in the Zirakpur location are the most productive and profitable investment options. Being a strategic location, Zirakpur offers various benefits to investors. Its proximity to different cities makes it a priority real estate location for buyers and investors. In this informative, we will discuss all the major benefits of investing in commercial properties in Zirakpur and the nearby areas.
However, it is not so easy to locate the high-quality real estate products under a set budget. The smart move is to hire a professional realtor like “Cascade BuildTech”. The team of highly skilled and experienced professionals will help you trace quality commercial properties located at the premium locations that will incur sustainable Rental Income for you. Make sure, you invest in a profitable commercial project in Zirakpur.
Major Driving Factors
Before we discuss about the benefits, let’s understand about all those factors that drive profits out of your commercial property. If you are an experienced buyer, you may be aware of these factors. However, if you are a first timer, you may need to pay attention towards these factors.
- Increasing Market Value
A hotspot location with ample high-quality commercial property options determines the market value of the targeted property. Zirakpur is such a marketplace where you will find maximum factory outlets, international retail brand shops, big banks, IT firms, and corporate offices of multinational companies. You can invest in different types of business towers constructed by the reputed builders and developers.
- Increasing Population
It has been observed that the population is increasing. The biggest reasons behind it are that people from different states like Delhi, Himachal, Haryana, Punjab, Rajasthan, Uttarakhand, and Uttar Pradesh are migrating to this sub-city. It’s atmospheric conditions, infrastructure quality, high living standards, comfort, modern amenities and other features compel them to invest in this location.
- Infrastructural Development
Infrastructure development is rapidly taking place in this location. In the past two decades, Zirakpur has become one of the most prominent real estate sites for banks, businesses, buyers, corporate firms, investors, and retailers. The main flyover connects people to several other cities and sub-cities. Upgraded building designs, hybrid office setups, green zones, and various other amenities compel them to invest in the commercial projects in Zirakpur.
- Proximity To The Major Cities
As we have already discussed above, Zirakpur is a strategic city and it is the central location that connects you to various nearby cities, sub-cities, and villages. It is located on the National Highway, and so, it also connects you to Delhi/NCR, Himachal Pradesh, Patiala and other cities of Punjab. You can travel from this city to any other city by air, road, or train.
Benefits Of Owning Commercial Properties In Zirakpur
Having a commercial property in Zirakpur can be advantageous in many ways. It is one of the hotspots near Chandigarh City. Here, you can invest in different types of commercial and residential properties that will yield higher capital returns for you. The increasing market value and sustainable higher rental income from a commercial property make it one of the most profitable real estate sites in the northern region of the country. Let’s discuss some of the major benefits;
- Affordable Investment Options
Zirakpur is known for affordable commercial investment options. However, in the past couple of years, the market rates have risen unexpectedly, which has given multiplied profits to the existing owners. You can still invest in several budget-friendly commercial projects, and you can earn a really high return within the span of two to three years.
- Capital Growth
It has been observed that the tri-city real estate market is booming, and in the past few years it has yielded unexpected profits. Investors and owners have experienced motivating capital gains. The owners have seen an 8-12% hike in the market value of their properties within the year or two. The strategic locations like the PR-7 road, VIP road, and Ambala-Highway Road are the epicentre of the world-class commercial properties.
- Demand & Economic Growth
In the past few years, demand for commercial properties in the Zirakpur location has increased. This positive variation is taking place due to technical upgradation, infrastructural development, innovative construction designs, and the involvement of big builders. Another reason is the economic growth. The increase in job opportunities in the location helps individuals to plan for new business ventures and invest in commercial projects.
- Higher Rental Income
One of the biggest motivational factors that compels buyers and investors to invest in the Zirakpur commercial projects is the higher rental income. The city offers better rental income to owners as many business firms, banks, factory outlets, and big retailers look for fully furnished or semi-furnished commercial properties in the city. The monthly rental is quite higher than in other cities in Zirakpur.
- Income Stability
Investing in different types of commercial properties can be a great source of stable income. You can buy or invest in a co-working space. It is a new trend. The market where multiple companies share working space together as per their schedules. You can also invest in rental commercial properties, showrooms, and corporate buildings. A new trend is rising in the market where multiple investors put their money on one commercial project, and they divide the profit margins.
- Long-Term Tenant Lease
Because of its advantageous location, tenants look for long-term lease agreements so that they don’t have to relocate their commercial setups often. This helps an owner to have a stable rental income. However, even a short-term lease can also be profitable as you don’t have to face any disputes with the old tenant. You can keep changing tenants sometimes, and you can also increase the standard rental charges every year.
Conclusion
If you are planning to invest in commercial properties in Zirakpur, and you want to work out the best available projects, you can connect with an expert real estate consultant in the city to get the best possible solutions. You can give your inputs to help your consultant find the best match as per your needs and motives.