The rise of real estate in tier 2 markets of the Tricity

Lately, the tier II and tier III cities have witnessed an advent in the real estate market emerging as the hottest potential investment destinations in India. Mohali and Chandigarh are one of such cities which has now transformed into mega growth center where big real estate company in Chandigarh and Mohali are now capitalizing on the opportunity bringing in subsequent infrastructural growth at a rapid rate. The history of Punjab is a testimony to the fact that Punjab has been a land of opportunities and the Tricity is living proof in itself.

With the increase in the number of NRIs and expatriates showing their interest in the real estate market, there has been an expansion and growth in the real estate market providing gainful investment options. It has led to the expansion of inward remittances by the state and these remittances are used to create an asset. The rising aspiration of the NRIs in this market and the market itself influenced by the foreign culture has led to the growth of integrated societies, modern apartments, and modern commercial hotspots. With time, living in these modern-urban structures has become a statement of distinctive living.  The upcoming commercial projects in Mohali and commercial property in Chandigarh carry the influence and inspiration from the west aiming to deliver alluring lifestyles and opportunities within our country.

The new commercial project in Mohali has become a prime choice of investors with their sharp increase in areas like SAS Nagar, 3B-II, Phase V, and VI. The heavy football and affordability with terms to the feature makes commercial realty hold scope for both appreciations in capital and also through regular income through monthly rentals. The advent of top-notch professional and educational institutes, shopping centers, and entertainment zones has brought an increase in demand in the real estate market in both residential and commercial spaces. There has also been an increase in demand for rental shops, office, and retail spaces.

Also with the reforms in the realty sector and the initiatives of the government, these tier-II cities are turning out to be one of the most desirable locations and since people are now looking for better job opportunities leading and a better life, this led to the ultimate rise in demand of the residential accommodation. This is perhaps the best time to invest here.

The Perks of investing in a commercial real estate in Mohali

If you find yourself wondering why to even invest in the real estate market, then the answer is straightforward and simple. It is mainly due to the perks in the long run as it can help achieve financial independence. It has been clear time and again that the benefits of commercial real estate are rewarding.

Real estate is a tangible asset that comes with many beneficial aspects with a high potential yield if done right. Even in this subject, the market is prone to risks as it is not immune to economic changes such as inflation. However, these risks can be mitigated thereby achieving higher turnouts with safer investments. So if you are looking for commercial property near Chandigarh you can opt for investment in Mohali as it will make good returns on investment. Since location greatly affects the growth of the business the strategic location of the commercial office space in Mohali is crucial. If the office space is easily accessible then it will increase the workflow of the company. There are many GMADA approved projects in Mohali that offer high football, such as the one from the VRS Group. The projects form VRS offer perfect office spaces with high-end amenities and features at hand.

The benefits of investing in commercial real estate are as follows:

• Potential Returns in investment:

The probability of high returns in investment is what makes commercial real estate a strong investment option. Investment in Commercial real estate fetches far higher returns over time than other assets. Since Mohali has been gaining quite a lot of momentum in recent years, this makes investment in a commercial estate safe and profitable.

• Equity:

The commercial estate is a long-term investment and can achieve good steady heights if done right with proper management. Equity refers to the amount that an investor has made up in an asset over time. Investors can build equity pretty fast by investing in commercial real estate. The benefit will be even more as the property appreciates its value.

• Cash Flow and Tax Benefits:

Commercial real estate provides long-term steady cash flow as you might as well generate monthly rental income. And with depreciation, you can reduce the total tax burden significantly.

• Diversification in an investment portfolio:

An investment in such a type of asset can help achieve higher turnouts as diversification can help boost the portfolio.

The high probability of potential turnover and strong performance of this segment in the market is what makes investment in commercial property in Mohali a strong investment.

Commercial office space in Mohali for sale by VRS Group

With Mohali pegged as one of the fastest booming investment destinations the workforce is rising. The superfluity of the companies mushrooming around the city is a testament to its massive growth. The commercial property in Mohali abounds in huge numbers with the rising demand of people for property near Chandigarh. Mohali houses many IT companies and big MNCs. Some of the best, well-developed GMADA approved projects in Mohali provide lucrative scope for investment in a commercial office space in Mohali. Moreover, Mohali is a house to the big IT companies who have moved in to capitalize on the opportunity.

One of the examples is the District One project by the VRS Group. It sprawls along an area of about 4.05 acres. This coveted commercial property offers double-story bay shops, four-story SCO Sites, a food hub and convenience market, and high-end retail with a factory outlet. Situated in a prime location- the dividing road of sectors 67 & 68, right between Airport road and Municipal Corporation, District One offers all that you would need in an ideal commercial property.

District One is located at an advantageous location ensuring a robust cash flow, commercial leasing, and high scope for rental income.  It fulfills all the requirements from having the picturesque infrastructure to conveyance, accessibility to the dearth of amenities and facilities, this project has it all.  The city of Mohali is well connected to the other prime locations which makes it an ideal asset for commercial property investment.

It is always advised to invest in properties that offer great amenities and facilities at the price point. Just a prime location is not enough to help you fetch higher returns. District One by VRS Group is sure to help you attain good business exposure with its unparalleled design and planning. This project is sure to fetch good tenant retention, along with higher rent and capital appreciation. This makes it a very coveted investment in real estate.

District One by VRS Group presents a unique opportunity for creating a revenue-generating real estate asset in the prime location of Mohali. To get a quote and for more information visit vrsventures.com

5 basic Bhangra Moves Every Beginner Should Learn

In recognition to Bollywood dance classes online and pop music videos where the essence of Punjabi culture is always merged, Bhangra is no longer just a traditional Punjabi dance, but a powerful dance form known worldwide. When dhol (drum) and peppy music begin anywhere, few can resist going to the rhythm. However, there is much more to Bhangra than the loud shouts and arm movements in the air. There may be many occasions when you can join in the joyful festivals with the spirit of basic Bhangra steps. If you wish to be part of this dancing culture, here is our guide to a few basic dance steps that will allow you to join the celebration without hesitation.

Punjab

One of the most common steps of all Bhangra dancers, the Punjab is very easy to follow. All you have to do is throw both hands up in the air, cross one leg in front of the other, and make two hops back to the starting position. Shaking on the shoulders as you jump and moving your hands will add more shrug to the movement. This is done by taking turns with each leg.

Chappu

This movement makes the dancer look like he is paddling a boat. Prop, usually, a long rod is used to make Chappu. It starts by bending the knees, and when you need to jump on the other leg, start moving the stick, which is like a rowing motion.

Mahia

To make Mahia, you need to clap your hands, take one hand back and forth in a circular motion, and bring it back to strike again. As you use your right hand to move, move forward with your right leg and return to a standing position as you clap your hands. This is one Mahia. To make Double Mahia, you can use both hands differently.

Phull

In this step, bring both hands in front of your body under the abdomen and rotate your wrists. At the same time, lift your left leg to the right side of the knee while flexing your right leg. Next, jump on your left leg as you raise both hands toward the ceiling while keeping your right leg in a bent position.

Lahria

Another step from Bhangra is Lahria. To do this, you hold one hand on the back and move the other one and forth. Start by raising your right hand up, bring it forward while doing a little hop by placing your right leg forward, then return the hand down to the waist. Variations of this step include Double Lahria and Chutki Lahria

Bhangra is widely known today, sometimes more popular than the Bollywood dance classes as steps from this Punjabi dance form are incorporated even into exercise activities to add fun and practice to the workouts. The fastest and cheapest way to take a few Bhangra steps is to get in touch with Ucanji dance classes online which also ensures several other courses such as online Bollywood dance classes for kids. There are plenty of online dance tutorials are available with Ucanji but Bhangra is all about speed, balance, and systematic movement. But most of all, it's about celebrating and having fun. So it's okay if you miss a beat or two. Immersion on special occasions and moving your body to the rhythm is very important!

Why should you invest in commercial property in Mohali? Reasons why it is safe to invest in real estate, Mohali

Higher returns on investment and growth probability- If you are seeking to invest a good handsome amount of capital in a property near Chandigarh like Mohali then you must ensure that it makes good positive returns on investment. Even though Mohali is a promising destination for investment, you cannot hope to gamble with such a big sum and end up making a bad investment. The cost of some properties appreciate and some do not, this is due to the location, the utilities it offers its design, and appeal to name some of the factors.  So one must, however, conduct thorough research before investing. The investor should also take into consideration the lessee, the rental prospects of the given property. This ensures the best and stable way of recovering your investment from a commercial property.

 

Source of steady income- Investing in commercial property at a just location offers you better appreciation in the long term. Also, you can get good steady rental returns. If you have put your money in the commercial property primarily for investment purposes then choosing the right location and deciding on the types of spaces in demand will make the most significant difference. A good investment with locational benefits can help you make the cost of investment in just half time than the time needed to raise that sum with rental returns. 

 

Better liquidity- Liquidity directly depends on the location of the property. This is solely due to the high demand for the property in that given area with good conveyance and vicinity to amenities.

 

A wide range of options to choose from- With high competition in the market, you get a wide range of choices in design and location.

 

You can find many investment-worthy commercial properties in Mohali. District One by VRS group can be the right choice for you and offers great social amenities that can take your business to new heights. VRS is a RERA certified realty developer who has laid many flats in Mohali as well as many residential flats in Chandigarh.  

The Shift in the realty market with the commercial office spaces in Mohali gaining traction

Witnessing massive growth, Mohali in Chandigarh has become one of the most significant destinations for investment. Chandigarh has already shown a positive sentiment as far as economic growth is concerned. Various real estate companies in Chandigarh have already reaped the benefits. Commercial property in Chandigarh presents a great prospect for investment being a city with one of the highest per capita incomes in the country. However, Mohali, a satellite city lying southwest of Chandigarh has emerged to be one of the most important cities in Punjab. This planned city has a lot to offer which has been vital in the growth of the real estate segment.

Smart city initiative- With the continual efforts and initiatives of the state government like the Smart City Mission, Housing for all by 2022, and the GMADA (Greater Mohali Area Development), Mohali has witnessed rapid urbanization and growth potential. You are offered ample opportunities and choices for commercial investment with GMADA approved projects in Mohali. District One is an upcoming state-of-the-art project that offers commercial office spaces in Mohali.

Influx of IT industries- It has become a commercial hub for investors, companies and investors are putting their money in the market. With ample land parcels and marvelous infrastructures, Mohali has become an ideal destination embarking the attention of investors. This presents plenty of job offers for the population and with Ghar Ghar Naukri by the government, the prospects become even better.

Urbanization and overall growth- The economic growth has led to the overall growth of realty a market in Mohali with commercial properties luring a good amount of traction.  

Demand in the housing sector- the flourishing commercial sector has led to the growth of residential properties. With governments support various housing schemes by GMADA helps meet the needs of housing demand in the city.

Infrastructure- Enjoying an advantageous location Mohali offers great connectivity and bustling infrastructural facilities. It abounds in educational institutions with all kinds of other various important social amenities needed to lead a quality life. 

 

Mistakes to avoid while buying residential projects in Mohali

So, you have worked hard for years and years now to be able to purchase your dream home in Mohali or are looking for flats in Chandigarh. But you design and end up living with desolation in your home as it did not turn out as you expected it to be. If you are in this state, disarrayed with a year of ending up like this then this blog is to ameliorate your far. There are just a few aspects that you should never miss your notice. Luckily, one might as well get just the right location for living considering the relative closeness to the office or workplace, ease of availability of transportation in that area, amenities such as food palaces, educational institutions, medical care centers, and others keeping in mind your as well as your family’s needs in hope of having an idea, perfect home. But most of the times, in pursuit of perfection and sheer excitement of getting the keys of your dream home in your hands can make you commit quite a number of such an irreparable mistakes which you might regret later.

So, we present before you some of the most common blunders that you can and should avoid to experience a blissful, happy life.

·      Miscalculation of the finances

               If you are looking for residential projects in Mohali and have planned to take a home loan then making a fair assumption or calculation of the monthly income would be the smartest choice for a well-prepared buyer. This marks the most vital step in purchasing a residential apartment.  Often interested buyers commit the mistake of purchasing such a place which makes them burdened with a lifetime of heavy monthly EMIs, adding an extra dent in the pocket with the additional costs of insurance and taxes. One can easily avoid this by getting a clear idea of what one wants with careful planning and calculation. Check if what you are seeking to invest in is even worth the price point or if that is what you are looking for. Avoid being in this situation by carefully planning a budget, fixing it, and then sticking to it.   

·      Overlooking documentation of all sorts viz paperwork, legal verification of land paper, approvals, and so on

              Authenticity and documentation are also undeniably one of the most chief factors that come to play while purchasing a property. If this is overlooked one might end up losing everything, both their hard-earned money and the property itself. So needless to say, make sure to check if the documents of the property are even legal, authentic, and up to date. If you are opting for a home loan the bank itself upon approval from the bank, the bank checks all the parameters, documents, certificates. It is even better if the approval is from a nation Nationalized Bank. You might as well consider handing it over to your legal consultant for a thorough verification check just to be sure and to be on the safe side.

·      Lack of research about the realty developer and the background of the builder i.e. Builder’s Reputation

               In this modern era of tech and advancement, even though you can do a quick “Google Search” about the company, inside out finding its whereabouts, it is always advisable to do an in-person field check.  As we have all heard seeing is believing, see for yourself by visiting the area of the development to get an idea if you are really paying for what you truly desire. Talk to the residents who have purchased the older projects, asking about the whereabouts of the projects is always a good idea. It would not hurt doing some field research, after all, it is the matter of your dream home, make no mistakes. It is always natural and safe to purchase from a reputed, skillful builder with experience and a good track record of previous projects. You must also preferably buy properties from RERA Certified companies. As per the RERA (Real Estate Regulatory Authority) Certification, a builder is expected to register the project under the board. This ensures customers protection against fraud throughout the period of development of the project. So, a company certified under RERA leads to the formulation of a system wherein project delays, costs, quality, and other such related aspects are dealt with transparency.  Also, be sure to check whether the developer is over-leveraged or not. Builders who are financially strong and able to ensure timely completion of the project within the given time frame. For other details about the company, you should directly contact the concerned office for more transparency and other details.

·      Ignoring and overlooking other norms of RERA

              RERA binds all the commercial and residential real estate projects with land over 500 square meters or projects with eight apartments to register with the Real Estate Regulatory Authority for even launching that project. The agent or the builder’s registration is mandatory as well which ensures that there be no unfair trade means, aiding you in identifying frauds.  As mentioned earlier there are many benefits of RERA Certified projects. Suppose if you are looking or are prospecting to invest in an upcoming project in Mohali and if the promoter fails to produce the possession on time then that company is liable to pay you the entire amount back if you wish to leave and cut the deal of agreement. If you wish to stay then the builder has to pay you interest for every month of delay till the possession is fully furnished and produced to you. 

·      Blindly relying on the Promoter/ Real estate agent/ Broker

While prospecting for a RERA Certified project does save you from some risks, for things to work completely for your advantage NEVER blindly trust the agent. Rather do your own research. It is likely and obvious that the agent is direly seeking cessation of the deal, being persuasive, confounding you with the glittering facilities and perks.  Most often the broker can themselves be an agent of the company who is developing the plot, looking for ways to close the deal.

So, while taking the suggestion/ advice of the real estate broker does not be completely dependent or be lured away by what they are selling.

·      Dearth of research and study about the market itself

The real estate market’s dynamics keep on varying.  Before investing all of your hard-earned money over the years onto a property that you have been eyeing for so long now, see if it is even the right time for making the investment or not. Research not only about the dynamics but also about the various aspects of the project from previous ownership, type to the background of the developer. 

Thorough research about these aspects of our dream home would surely turn out to be worth the effort. 

·      Overlooking associated hidden costs

Check if the given price lost by the builder marks the additional hidden costs which might be levied while handing over the apartment. It is probable that the builder will throw in some extra charges where you might be running on a fixed tight budget. The extra charges can be imposed on the given things:

» Plumbing Cost

» Wiring Cost

» Maintenance Fees

» Transformer

» Funds for Association

»Property Tax

»Club House Charges

»Water and Electricity utility supply charges

»Other legal charges

 

A prospective buyer will always diligently study all the factors before making an investment. But the real estate market is prone to risks and people make mistakes. It is also certain that these mistakes will cost you a lot of money. However, these mistakes can be avoided by keeping in mind the above-explained aspects to avoid a bad investment and to embrace a luxurious life in your dream home.

If you are looking for real estate projects in Mohali integrated with a dynamic lifestyle but are still confused then the projects from the VRS Group are the best for you. Every project crafted so far has been made keeping in mind the needs and aspirations of the customers ensuring utmost satisfaction, bringing dream homes into reality since its inception. VRS is a trusted RERA Certified company that has brought many dreams into reality giving their customers the dream home they wished for. VRS is also one of the leading real estate companies in Chandigarh with years of expertise in the real estate market.

 For more details about your dream home visit vrsventures.com.