5 Reasons why you should invest in a commercial property in Ahmedabad!
5 Reasons why you should invest
If you did not visit Ahmedabad between 2005 and 2020 – you would be in for a surprise. Ahmedabad now has evolved into one of the finest commercial real estate markets in the country. And when you are in the city, you can see all the reasons why!
Buying a commercial property in Ahmedabad is easier and more profitable than you might think. Most investors in real estate have a tendency to invest either in major cities where rates are hyper-inflated, or in rural areas where they expect development in the coming years. The market of commercial property in Ahmedabad does not come in any of these categories – because it is developing and yet has a lot of room to give you profits.
So, here are the top 5 reasons why you should consider investing in a commercial property in Ahmedabad:
1. Excellent opportunity to get rental income.
Ahmedabad has one of the finest rental markets in the country. People who have given their shops, homes and even industrial units on rent, are easily able to get six figure rents on a monthly basis.
Not just this, thanks to the growing economy of the city, more and more businesses are growing. Hence, if your plan is to have a consistent cashflow for the coming years, investing in a commercialproperty in Ahmedabad will be a masterstroke.2. A commercial property in Ahmedabad will appreciate faster than the rate of inflation.
Most of the commercial property in Ahmedabad, that comes in areas such as Satellite, Prahladnager or Sindhu Bhavan Road has seen appreciation rates beating the inflation rate in India.
Considering an inflation rate of 6% p.a., you will easily be able to get more appreciation on your estate in Ahmedabad over a long term horizon.
3. Ahmedabad has a great mix of public transport, education, medical and entertainment avenues.
Schemes like BRTS and the Ahmedabad International Airport have made the city a great hub of transportation for the entire state and nation. Not just this, educational institutions like the IIM, Delhi Public School and even private universities are in great numbers. Malls like the Ahmedabad One mall have been bought by highly disciplined institutional investors like the Blackstone Group.
4. Ahmedabad is one of the finest cities to
set up a new business in India.
Even if you are not willing
to rent or sell your commercial property
in Ahmedabad, it still makes sense to buy one here. Setting up a new
business in your property in Ahmedabad will give you multiple benefits like
exposure to a growing market, higher per capita income and growing literacy
5. There are several great commercial real estate brands entering the market.
Major brands like the Blackstone Group and Palladium are either already in Ahmedabad or planning to enter the market. This means that when you invest in commercial property in Ahmedabad, you are actually in the company of some of the finest developers and investors in the entire world.