How to Find Good Property in Chandigarh

How to Find Good Property in Chandigarh

Property in Chandigarh can only be good if you are able to evaluate and separate good ones from the poor ones. Normally, your success is influenced by your blueprint. If you are able to draw out a good plan, you will succeed and the reverse is also true. Since investing in commercial property is far much better than investing in any other field, you will want to go for the best deals and nothing less. Hence, you might want to consider the following tips in evaluating smart property deals;

Learn the awareness of the insiders

To be successful in business, you need to change your thinking into that of a professional. For instance, you will want to find out mist facts related to the property before you invest in it. Compare it against other properties to find out how mush income you are likely to get from the business. In addition, look at the cash flow and duration of the leases. Finally, decide on the dimension that is more beneficial on your part!

Plan your Involvement

Setting your limits is another ideal step in getting property in Chandigarh. You will have to compare the amounts that you will spend in the deal against that which you will gain. Determine the amounts that you can afford to ensure you do not start with credits.

Choose the good deals only

A good deal is easily known; they allow you to exit from them whenever you want to quit. This also allows you to be keen to look out for damages so they are repaired before you move in.

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Chandigarh City Center Zirakpur Property Investment

Chandigarh City Center Zirakpur Property Investment

So if you are looking at commercial property, here are some tips that might help you.

Location

“Investors need to establish the soundness of the location and its demand/supply dynamics. If they do not engage in sufficient research, they may end up buying into micro markets which have or will have high vacancies,” Nair says. NRIs must ensure that the economy, job market and population growth in the market is healthy.

Type of property

There are different kinds of commercial properties that are available. The popular ones are retail and office spaces. “Till a few years ago, only large units were available in both, making it difficult for a small investor to invest. However, there has been a change and smaller spaces are becoming available,” says Pankaj Kapoor, Founder and Managing Director at Liases Foras Real Estate Rating & Research Pvt Ltd.

“Many developers, especially in cities such as Mumbai, are today offering smaller units of space (as small as 500-1,500 square feet) in Grade A buildings. Investors looking at retail space can now consider a multitude of affordable options in free-standing high street outlets or shops in malls,” 

In fact, if you are looking at buying retail space, it is advisable to look at high street. In a strata sale model, shops in a mall are pre-sold to individual investors. The developers selling a store as a unit and investor can hunt for a tenant.

Out lay and expected returns

Experts suggest that the minimum budget you should have in mind for a commercial investment is Rs 3-4 crore.
Kapoor pegs the rental yield from commercial properties at 12%. Rental yield is nothing but the annual rent divided by the property value. “Often, buyers tend to ignore rental yield and instead focus only on capital appreciation. However, rental yield is a very important parameter as it represents productivity of the price. When you buy a commercial property, make sure that you can get a rental yield of at least 11-12%. An yield of less than that means the property is overvalued,” Kapoor explains.

According to Nair you can expect returns of 10-11% per annum from commercial investment. “Remember, you do not only make a profit on the sale of appreciated commercial property – the rental cash flows of a well-located office or shop space are considerable. Unlike with a residential property, the income that can be generated from commercial property is what determines its value. In other words, the capitalisation rate is actually the measure of the demand for the property. For those who do their homework well, investing in commercial property is a high-adrenaline and high-returns game,” he says.

Due diligence

Like any other property purchase, commercial real estate investing too calls for a fair share of due diligence.

Check the developer credentials, potential for infrastructure development, access to public transport and quality of property management in the project. If you are investing in a retail store, consider the frontage, foot-fall and the dynamics of the adjoining catchment

“If you are an investor looking at an income producing office asset, look at the break-up of cash flows, the vacancy factor, expenses such as maintenance, property tax and building insurance, lease term, lock-in period and expiry dates, long-term capital appreciation potential, and refurbishment, refinancing and repositioning potential,” 

Chandigarh City Center Zirakpur Location

Chandigarh City Center Zirakpur Location

 Situated in the Heart of Zirakpur – On 80Ft. Wide VIP Road.
2. Just 5 Minutes Drive From Upcoming Chandigarh International Airport.
3. Next to the busiest highway of India NH 22, “Delhi-Chandigarh” National Highway.
4. Ready catchment of 1 Lac Resident Families & Nearly 5 Lac City in & around Customers.
5. High Footfall due to its centric location & High Demand, Scarce Supply.
6. Grand Entry / Exit with Secured Boom Barriers & Security Post.
7. Spread in Aprox.10 Acres. Aprox.700 Ft. Huge Frontage.

https://www.google.co.in/maps/place/Chandigarh+Citi+Center/@30.638369,76.819467,17z/data=!3m1!4b1!4m2!3m1!1s0x0:0xf6bdb7d0c16a14c5

Chandigarh City Center Zirakpur Features

Chandigarh City Center Zirakpur Features

1. Situated in the Heart of Zirakpur – On 80Ft. Wide VIP Road.
2. Just 5 Minutes Drive From Upcoming Chandigarh International Airport.
3. Next to the busiest highway of India NH 22, “Delhi-Chandigarh” National Highway.
4. Ready catchment of 1 Lac Resident Families & Nearly 5 Lac City in & around Customers.
5. High Footfall due to its centric location & High Demand, Scarce Supply.
6. Grand Entry / Exit with Secured Boom Barriers & Security Post.
7. Spread in Aprox.10 Acres. Aprox.700 Ft. Huge Frontage.
8. Shopper’s Haven – All Favourite Brands under one Roof.
9. Surrounded With Landscaped Parks / Lush Green Area & Kids Play Area.
10. Run Through Quick Service Lane.
11. Earthquake Resistant RCC Framed Structure.
12. Basement Parking of over 1800 + Cars.
13. State of the Art Waiting Areas.
14. High Speed Lifts in All Blocks.
15. Upto 6 feet wide Common Staircase.
16. Upto 8 Feet Wide Walking Corridors.
17. Ample Natural Air & Light in almost all areas.
18. Multiple Common washrooms on Every Floor.
19. 24 Hrs Purified Water Supplies.
20. Power Backup For Showrooms, Lifts And Street Lights Etc.
21. Sensor / Controlled Lighting & Water Systems For Maximum Conservation.
22. Complete Wi-Fi Enabled Centre / Zone.
23. Round The Clock CCTV Monitoring to ensure maximum protection from Fire & Theft.
24. Fully Finished Showroom / Shop Floors. (Basic Electric Fittings, Flooring, Paint, Wet Points, AC Provisioning etc.).
25. Minimum Loading – Maximum Usable Area. (Maximum Value for your Hard Earned Money)
26. Low Maintenance Cost due to Open Air Retail Plaza.
28. High Rentals Expected Due to High Demand Scarce Supply & Assistance in Lease.
29. Flexible Payment Plans.
30. No Hidden Charges, Complete Transparency.
31. & Lots More…
 Investment Options Starts From as Low as 11Lacs Only.
 Get Assured Return Even on 25%, 50% & 100% Payment.
 Get Assured Return on Every Installment. (SPL.PRO PLAN)
 Monthly Installment Plan. (SPL.MIP)
 Also Get Limited Period benefits & Save Up to 13.43 Lacs.

Space for Shoe Brands Retail Outlets

Space for Shoe Brands Retail Outlets

A man (or a woman) is known by his/her shoes, so no shopping place can be complete unless they have thriving shoe portals.

 At Chandigarh City Center Zirakpur, shoe stores that cater to every taste and pocket will ensure that everyone finds their perfect fit.

Retailing outlets of major brands and local shoe manufacturers alike can find a place for their shoe stores and become bes t selling brands of the future.

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