Pune, the perfect union of cultural and contemporary vibes, hosts brilliant investment opportunities. There are plentiful options to invest in commercial property in Pune. From SCO plots to retail shops, it has a platter to explore. Although, with abundant opportunities to discover, here are things to remember while venturing into the Pune property market.
Preferred Locations to Invest in Best Commercial Projects in Pune?
- Baner - The locality with posh residential catchments and IT hubs asks for retails shops. Located in west Pune, it is the choicest shopping destination after central Pune.
- Kharadi - Another spectacular new-age living locality near Viman Nagar is ideal for investment in commercial property in Pune.
- Hinjewadi - Home to landmark Rajiv Gandhi Infotech Park, Wipro, Cognizant, and more, it is a place for employment hub. Thus, capital appreciation on commercial property in Pune, Hinjewadi, will amplify with time.
- Wakad - With quick connectivity to IT Parks, residential catchments, and airports, Wakad is the choicest location to buy retail shops in Pune. This populace locale in the city will drive immense returns on investment.
Why invest in Commercial Property in Pune?
- The city has an influx of students, raising demand for distinguished products across educational streams.
- With the continuous downpour of IT and other industries in the city, there is a significant rise in living standards. Thus, commercial projects in Pune bring the internationally acclaimed brands under one roof.
- The surge in migrant professionals' amplify the demand for premium restaurant and food chains.
- A commercial property in Pune garners a better return on investment than a residential one. Thus, it is wise to invest in retail shops in Pune.
Commercial Property in Pune by Godrej Properties
Godrej Properties, a trustworthy name in Pune's real estate domain, introduces a high-street commercial property. Godrej Carnival, the biggest retail shopping destination bang on the Mumbai-Pune expressway, spans 2.3 acres. The project ensures quick travel feasibility from PCMC, Chakan, Wakad, and Hinjewadi. Godrej Carnival has retail shops in Pune with 80m retail frontage and an exclusive central plaza. The 10,000 sq. ft. area is dedicated to the f&b industry in this commercial property in Pune.
Things to Consider while Investing in Commercial Property in Pune
- Location Assessment - The entire city demands more shopping malls, fine-dine restaurants, and entertainment plazas. It's ideal to evaluate the residential faction, commercial requirements, and transport feasibility. Ok on these parameters set the note for purchase of retail shops in Pune.
- Property Layout - Don't rush in to close the deal because of the property price. Ask for property layout, as space plays a crucial role in business. Firstly, check if the property has space for efficient operations. Secondly, check if it fits in RERA rules and regulations. With these pointers checked, there shouldn't be a second thought to invest in commercial property in Pune.
- Risk Density - Often, a locality seems to be prime but doesn't have enough footfall. In this case, investment can be risky. Check for footfall during peak and leisure time to mark footfall estimates. Think twice before investing in retail shops in Pune, as a locality with lesser footfall can trim your expectation of lucrative returns.
- Stamp Duty - Check for stamp duty charges for property registration in Pune. The Maharashtra State Government incurs 1% less stamp duty on property registration in the name of female owners.
