Kumar Builders talks about the increasing investments in commercial property
The ‘Make in India’ campaign has resulted in a significant increase in the commercial and industrial sector in India. Kumar Builders points out that this has also resulted in high prospects of commercial property investments. The campaign has lead to a major shift in the preference of property buyers with new developments in the commercial properties like office spaces, manufacturing units, warehouses etc.
The official spokesperson of Kumar Builders said, “The investment in commercial properties has become a lucrative option for property seekers in the current scenario of real estate sector. It has lead to the decrease in the residential real estate across various major cities like Delhi NCR, Mumbai, Chennai, Bangalore etc. The investment in commercial properties is an apt choice with great potential of high return on investments (ROI).”
Talking about the new investment choice of investors, Lalit Kumar Jain, CMD, Kumar Urban Development Ltd (KUL) and former Chairman and President, CREDAI says, “Currently, demand for commercial properties is much higher than it was about three years ago. The rental values of commercial properties have increased two-folds in many cities. With Gross Domestic Product (GDP) going up, investments in commercial properties are bound to give healthy returns in the coming few years. The net absorption of office spaces is only to set to rise on account of the government’s ‘Make in India’ campaign and an overall pick up in the economy.”
Amit Modi, Director, ABA CORP suggests, “In the ongoing real estate environment, investments in commercial properties are practical, especially for those who have the capacity to pay the down payments. In addition to capital appreciation, buyers can look up to regular cash flows in the form of monthly rentals, which can range between eight and 11 per cent, as against two to four per cent in residential properties.”
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