Are you looking to invest in commercial property or want to buy a shop in Pune? If yes, Pune should be at the top of your list. With its strategic location, thriving business ecosystem, and excellent weather conditions, Pune is fast emerging as a hub for commercial real estate investments. In this article, we will discuss why you should buy a commercial shop in Pune.
Top 5 Reasons Why Should You Buy a Commercial Shop in Pune?
Infrastructural Development Advantage:
Pune has been witnessing rapid infrastructural development in the past few years. With the development of several highways and flyovers, commuting within the city has become much easier. Additionally, the upcoming metro rail project is expected to improve connectivity further. This development advantage makes Pune a lucrative destination for commercial property investments.
An important hub for technology companies:
Pune is known as the “Oxford of the East” and is home to several prestigious educational institutions. It is also fast emerging as a hub for technology companies. Companies such as Infosys, Wipro, TCS, and IBM have set up their offices in Pune. This has led to a rise in demand for commercial spaces in the city.
Lucrative Business Prospects:
Pune is not just a hub for IT companies, but also for several other industries such as automobile, manufacturing, and pharma. This diverse business ecosystem makes Pune a lucrative destination for commercial investments. Moreover, Pune has a large population, which translates into a large consumer market, making it an attractive destination for businesses looking to expand.
Facilitate the growth of start-ups:
Pune has emerged as one of the top start-up destinations in India, thanks to its supportive ecosystem and easy availability of resources. The government has also taken several initiatives to encourage start-ups in the city, such as setting up incubation centers and funding programs. By buying a commercial shop in Pune, you can tap into this growing start-up market and lease your property to start-ups looking for affordable office spaces.
Excellent weather conditions:
Pune has pleasant weather throughout the year, making it an ideal destination for both businesses and individuals. The city experiences mild winters and summers, which is a welcome relief from the extreme weather conditions in other parts of the country. The comfortable weather conditions make Pune a desirable destination for businesses looking to set up their offices and employees looking for a better quality of life.
Are there any advantages to buying a commercial shop in Pune?
A Rise in the Value of Commercial Real Estate:
One of the most significant advantages of buying a commercial shop in Pune is the potential for the property’s value to increase over time. As Pune continues to grow and develop as a city, commercial real estate is becoming increasingly valuable. According to a report by JLL India, Pune is one of the top ten emerging markets in the world and has seen significant growth in the commercial real estate sector. As a result, investing in a commercial shop in Pune can be a wise long-term investment.
Rent and Lease Options Are Available:
Another advantage of buying a commercial shop in Pune is the availability of rent and lease options. Pune is home to a diverse range of businesses, from startups to established multinational corporations, and as such, there is a high demand for commercial space. This demand creates opportunities for landlords to rent out their commercial properties to tenants, generating a steady stream of income.
Opportunities for New Businesses:
Pune is a thriving business hub, and there are numerous opportunities for new businesses to establish themselves in the city. Buying a commercial shop in Pune can provide a business with a physical space to operate from, giving them a greater sense of legitimacy and stability. Additionally, owning a commercial shop can be a cost-effective way for a business to establish a presence in a prime location, as opposed to renting or leasing a property.
Different Options for Buying a Commercial Shop in Pune:
Business centers are a popular option for those looking to buy a commercial shop or shop on rent in Pune. These centers are typically multi-story buildings that offer a range of commercial spaces, from small offices to large retail spaces. Business centers often come equipped with amenities such as meeting rooms, conference facilities, and shared reception areas. They are an excellent option for businesses looking for a turnkey solution, as everything from the infrastructure to the maintenance is taken care of.
Malls are another popular option for buying or renting a commercial shop or showroom in Pune. Malls offer a diverse range of commercial spaces, from small kiosks to large retail spaces. Additionally, malls provide businesses with high foot traffic, making them an excellent location for retail businesses. However, malls can be more expensive than other commercial options due to the premium placed on the location and amenities.
Residential Building with Shops:
Residential buildings with shops are an excellent option for those looking to invest in a commercial spaces in Pune. These buildings are typically multi-story residential buildings that have commercial spaces on the ground floor. This option is ideal for businesses that cater to residential customers, such as grocery stores, convenience stores, or restaurants. Additionally, residential buildings with shops offer a built-in customer base, as the residents of the building are potential customers.
To sum up, purchasing a commercial spaces and commercial properties at Westfield03 Baner is a promising investment opportunity, thanks to the potential for increased commercial real estate value, rental and lease options, and room for new business ventures. Nevertheless, it is crucial to explore the different options available before making a decision.
After conducting a comprehensive analysis, we highly recommend Westfield03 as the optimal option for purchasing a commercial spaces in Pune. Their commercial spaces are strategically situated, outfitted with contemporary amenities, and feature adaptable payment plans. Furthermore, their exceptional customer service guarantees a seamless purchasing experience.
If you are seeking a profitable and hassle-free investment, consider purchasing a commercial shop in Pune at Westfield03 Baner.
Q. How to find commercial shops for sale in pune?
Ans. Simply google your query “Commercial Shop For Sale” with location mention or contact us.
Q. How much does a commercial shop in Pune cost?
Ans. The cost of a commercial shop in Pune depends on several factors, such as the location, size, and amenities. However, on average, a commercial shop in Pune can cost anywhere between INR 50 lakhs to INR 10 crores.
Q. Are there any legal requirements for buying a commercial property in Pune?
Ans. Yes, you need to ensure that the property you are buying has all the necessary legal approvals and clearances. It is advisable to hire a lawyer who specializes in commercial real estate transactions to ensure a smooth and hassle-free transaction.
Q. Is it easy to find tenants for a commercial property in Pune?
Ans. Yes, Pune has a large and diverse business ecosystem, making it relatively easy to find tenants for your commercial property. However, it is essential to price your property competitively and provide the necessary amenities to attract tenants.