Thursday, 24 May 2018

Factors to Consider while Purchasing a Commercial Property in Noida

Noida, a part of the New Delhi National Capital Region (NCR), is a premier commercial hub in Northern India. Thus, in order to meet the growing demand for commercial spaces that come replete with all modern facilities, different types of commercial properties are being developed by realtors in Noida. Reputed real estate development firms are increasingly investing in developing commercial properties like fully furnished studio apartments that come with commercial licenses and high-end shopping malls. 
Selecting a Type of Commercial Property
When you purchase a commercial property in Noida, the first thing that you must take into consideration is the business activities carried out by your company. If, for instance, you are a retailer and would like to purchase a retail store in Noida, it is advisable that you check out the shopping malls and hyper marts being developed near the Noida Metro Station. Shopping malls that have direct access to the Metro station will ensure ease of travel, thereby attracting more customers. Similarly, if you want to purchase an office space in prime location in Noida, check out the business towers being developed by reputed real estate development firms. Thus, depending upon the type of commercial and business activities carried out by your company, you must select a particular type of commercial property.

Features that a Commercial Property must have

While investing in a commercial property in Noida, you must keep the following points in mind:
  • Ensure that the property is located in close proximity to arterial roads and important by lanes. This will make it easier for your company employees, customers, and stakeholders to commute to and from your office.
  • The retail space or office space that you purchase should be in a commercial property that has ample parking space.
Moreover, if you are investing in a retail space then ensure that the shopping mall in which your retail store is located has all facilities like food court, Cineplex, and other entertainment facilities. These are essential to attract individuals from the higher income group who form an important part of the urban population of Noida.


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