Commercial Real Estate gains momentum moving towards tier-II cities like Mohali

The then smaller cities of India were turning into an attractive business prospect due to various factors like prime location, accessibility, improved infrastructure increased connectivity within the suburbs, and most importantly the skilled manpower who were seeking jobs. The Indian real estate had picked momentum up until the year 2019 when covid 19 hits, disrupting the entire world’s balance.

The scenario had changed completely after the covid 19 onslaughts. Bigger cities had witnessed considerable growth pre-covid. Due to high property prices and saturation along with subdued demand led investors were moving towards tier-II cities. The fast-growing infrastructure made it possible for the market to attract industries to settle here. Moreover, with the existing government schemes like GMADA, Smart Cities, and AMRUT the cities have been growing in demand. There has been a rising demand for these cities even before the covid 19 outbreak with people moving in from the metro city to the non-metro ones in search of opportunities.   This demand will likely continue since people are returning back, trying to love close to their near loved ones at the same time looking for a window of opportunity. Even the NRIs and HNIs will most likely seek to invest in the commercial realty sector after things normalize.

The commercial real estate sector can thus expect higher rates of deliveries with a higher degree of optimism and professionalism as the unsold inventories are being booked by asset management firms and after the increase in surplus demand of residential properties.  One of the prime reasons for this is the lowered rates of interest which will be the driving force making the commercial real estate sector an enticing prospect.

There are many reports which presented figures of rising real estate investments in tier II cities over 20% before the outbreak. This substantially shows the gain in momentum of demand for the tier-II cities. Additionally with the continuous infrastructural developments in the past have boosted the real estate demand in cities like Mohali. The new commercial projects in Mohali can turn out to be lucrative assets. The upcomingCommercial projects in Mohali will have new requirements following the needs of buyers in health and safety. VRS group is one of the most prominent Real Estate companies in Chandigarh that has also developed several Residential Flats in Chandigarh and Mohali.

A report of the real estate market states that nearly 12 percent of people in Delhi-NCR would invest in nearby cities like Jaipur, Mohali, and Chandigarh. The real estate in Mohali is all set to witness a new wave of efficiency with higher deliveries and possession.   The increasing demand for residential projects in Mohali will surely boost sales for the commercial sector.

Reasons to Invest in Real Estate projects in Mohali and Chandigarh during covid

The Coronavirus onslaught has changed the way we see our daily lives, the things of basic necessity we had taken for granted, and the perspective of the entire world. This had disrupted the world economy, travel, trade, and so on causing a ripple across the entire supply chain of the industries. The real estate Projects in Mohali and the real estate projects in Chandigarh were no exception. There has been a delay in the construction of various projects and flats in Chandigarh and across other places of India, problems due to the migration of labor, and other issues. But this adversity has allowed everyone to reinvent new strategies. As it was seen during the real estate crisis in India in the year 2008 after which the industry yielded a multi-fold return after the decade. Thus even today, in such an adverse situation several innovative developers based Chandigarh have introduced their upcoming projects in Mohali. So if you are looking for property to invest in for end-use as a long-term investment then you can consider investing with VRS group. Their latest projects incorporate everything you would need in a flexible, healthy-safe property. Here are some reasons to invest in a property in the year 2021:

The coronavirus outbreak has made the market essentially a buyer’s market. Additionally with the reduced Repo Rate has led to decreasing home loan rates.  If you have enough liquidity to make an investment then you can choose from the dearth of options and might as well come across an alluring deal.

There has been a massive change in lifestyle after the outbreak. We have witnessed the advent of work from home regime which has embraced the new normal. These changes have made it necessary to reinvent the workspaces ensuring a safe and healthy space. This had led to increasing demand for residential properties which in turn will boost the commercial sector too.

A well-thought investment can create a viable asset creation which can turn out to be a life-changing investment. There has also been a rise in optimism amongst people after the vaccination program had started. Other factors include the huge unsold inventory space.

We are at war with the virus and its uncertainty. This uncertainty has made us reflect on the true value of wealth and health which we had taken for granted. The risk of investing is apparent however the prevailing market conditions are lucrative and can be conducive for long-term asset creation.  So if you are looking for upcoming projects in Chandigarh or Mohali you can invest with VRS Group.

Invest with VRS Group’s GMADA Approved Projects in Mohali

As we are burgeoning in modernization with advancement in technology, the citizen is looking for Real Estate Company Chandigarh and other property near Chandigarh.  Mohali has a dearth of amenities being well connected both internally and externally.  The conveyance of Mohali makes it an ideal place for investment having excellent connectivity with other parts of the Tricity and other states. The presence of the International Airport has immensely contributed to the infrastructural development of Mohali.  There has been an increasing demand for residential spaces even during the covid 19 outbreak. This is due to the rising needs of customers due to the advent of work from the home regime and the rising need for larger spaces. Due to the rising needs of the residential property, there will be a consequent positive effect on the sales of the commercial office spaces in Mohali.  

With the added reforms by the government, Mohali can again rise to be transformed into a future IT hub. Mohali had undergone a radical transformation abounding in loads of luxuries and civic amenities especially after the boost of RS 25 crore by the PUEIP (Punjab Urban Environment Improvement Programme), Phase II.  The added push for rural development catering to the urban needs of people under the PUEIP with the hope to transform Mohali. The real estate market has seen people moving towards the northern region. Before covid, Mohali had experienced accelerated growth in the real estate market. Mohali has done a good job of captivating people’s attention. SAS Nagar is one of the thriving spots of the Mohali Real Estate Market.  

There are many affordable GMADA approved projects in Mohali like the Suntec City, an integrated township, and District One- a state-of-the-art commercial project in Mohali. These projects enjoy high football, situated in a prime location with maximum utilization of space with great architectural design.  Moreover, Mohali is blessed with great weather located close to the foothill of the Shivalik Range. Mohali assures a serene environment with lush greenery, scenic lakes integrated with modern architectural establishments.  Mohali boasts of great conveyance which makes the city a great choice for buyers.

Buying a property is one of the biggest decisions of an individual’s life and it is a financial outlay.  Considering the market scenario if you have enough liquidity then you can look forward to making an informed decision for a long-term return.

Reach Pro Group: Ideology and Focus to Build Future Ready Projects

Guided by incomparable excellence, the Reach Pro Group created its place in the world of Real Estate within a short span of time while maintaining transparency, consistency, and commitment. Instead of bragging claims, we allow our work to speak for itself and follow a customer-centric approach as we believe in providing space to show that it is a one-time investment.

Adding Prominence To Future Ready Projects

The group has merged its unrivaled brilliance to the landscape of commercial properties in Gurugram that once started looking conventional. At the end of 2019, one of the highlights of the real estate sector was growth, seen in the commercial segment. Despite the dramatic increase in the number of commercial space in Gurgaon, buildings were empowered by the futuristic vision to meet the demand of being a perfect space while having top-notch convenience to demonstrate the advantage of future-ready projects and this is what Reach Pro Group is focusing on since its inception. Below are a few pointers that will define the plus of being futuristic.

A Prime Location Is The Key

Almost always, the best location is above the wish list of big businesses. Gurugram presents a number of challenges; such as the need to be close to important business regions, available travel routes to work, time spent on travel, access to large spaces, etc. architectural marvels raised by Reach Pro Group are in a position to address many of these challenges. Situated in the heart of Gurugram, our spaces provide a unique working lifestyle to grow. It also helps in enjoying last-mile connectivity. The availability of public transportation system makes travel faster and saves money for many people.

Flexible And Thoughtful Space In Construction

Most large offices are designed to make visitors feel welcomed; instead of powerful closed workplaces, businesses today want a larger, open, or collective setting where people work together, connect and create collaboratively. Reach Pro Group works well for these types of workplaces; large commercial retail property with long columns, without columns, high ceilings, and large windows offer a beautiful exterior view, allowing businesses the freedom to build bespoke genuinely while getting the most out of every square meter.

A Well-Designed Working Environment

A work environment that helps attract and retain talent is all possible because of the way, Reach Pro Group approaches its development, which includes well-lit and open office space for lease in Gurgaon that offers a warm feeling, and the factor which almost everyone in the office enjoys. While businesses are looking for structures that explore these boundaries, they are also more interested in buildings that benefit from the concept of the ‘Futuristic Approach’. We look forward to striking a balance - well-designed commercial spaces at an ideal location, designed to keep operational costs in check, an iconic property with sensible amenities and facilities for the convenience of its employees

The latest real estate trend- Low Density Housing

Most of the real estate trends arise due to the constant demand of people for improved, better residential places creating an entirely different type of housing. Soon after the outbreak of the Novel Coronavirus pandemic, the housing demand trend has seen a gradual shift giving rise to low-density properties mostly in major metropolitans including Mohali and Chandigarh. The real estate companies in Chandigarh will now try to accede to the demand of these low-density residencies. Recently, GMADA had also approved low-density real estate projects in Mohali.

What is Low-density Housing?

Low-Density Housing can be described as housing with a particularly low number of housing units on any residential block or if otherwise stated it can be described as the less number of families per amount of a given space in housing space. Here a sense of non-intrusiveness and spaciousness are the main key elements that define the motto of the project. The rising demand for low-density homes is mainly due to the desire of prospective buyers to find a balance between a metropolitan city and a very small town as it directly means less crowding, fewer automobiles, more space, and a clean healthier surrounding. The spread of covid-19 is yet another reason why people are seeking to settle in low-density residencies.

What are the problems associated with high-density housing?

It is almost impossible to find solace amidst the rush in the daily life of the metropolitan city. Overcrowding, lack of housing spaces, and rapid urbanization have led to an obstruction to privacy and personal space. This is one of the reasons why people try finding an escape from the rush once in a while in the form of weekend getaways. Also, as we have seen during the outbreak of pandemic initially that in high-density areas the spread of the virus was more prevalent as a result of which soon after the pandemic there has been a rise in demand for the low-density housings.

Since due to rapid growth and urbanization the cities are getting denser and crowded people are shifting towards low-density residences for a more spacious and peaceful living. The upcoming projects in Chandigarh and upcoming projects in Mohali are going to offer just that, which means that with low-density housing there will be a greater share of amenities and more open spaces per resident.

Why you should invest in the upcoming commercial real estate?

Real estate comes with associated risk and a reward. This balance of risk and reward must be always kept in mind particularly when investing in an upcoming commercial property in Chandigarh or Mohali. Generally known to be alluring and lucrative, the commercial real estate market is very desirable mostly due to its cash flow, appreciation, and growth over time since it is stable. There are many commercial real estate companies but one of the most reliable real estate companies in Chandigarh is the VRS Group whose upcoming commercial projects in Mohali can bring your investment goals to reality so that it becomes a stable source of income for a distinctive future.

The reason why you must invest in commercial real estate are as follows:

It can ensure long term cash flow and can bring diversification to your portfolio

Commercial properties can be turned into a lucrative source of income and can also act as a long-term safety net with respect to your other investments which carries a higher probability of risk. It can serve as long-term financial security, however, it would be wise not to expect indefinite exponential growth.

Tax Benefits

Huge tax benefits is one of the most sought incentives to invest in a commercial property. An investor can save on taxes in multiple ways like by depreciating the value of the property, huge tax can be saved on the income.

Hedge against inflation

An economy is dynamic in nature and it often undergoes inflation in such given case rates of goods and services rise. By putting the money in a commercial property you can get huge benefits due to inflation. By an increase in the real estate rate at a mere higher rate than inflation, the investor can get protection against inflation which significantly adds to the growth.

Investment in a new commercial project in Mohali will be far more ideal than investing in a residential property. Moreover, investment in commercial real estate reaps higher cash flow on a monthly basis which can be relied upon in the long term if management is done right. Cash flow will be higher than what you would get from a single reality when it comes to the physical size of the property. Also, the time span of leases here is more extensive than the residential one. So if you are keen to bring diversity to your investment portfolio invested in commercial real estate now for a better distinctive future.

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.