We all know that this is the high time to invest in Commercial real estate business. But one must keep in mind that as this is a very interesting business, one has to be very alert all the times. There are several factors that are to be kept in mind while buying a property. The market first of all and then competitors around, the location, the amenities provided by the situation, other institutions and companies, type of people in the area, their occupation so on and so forth. However, even after knowing them one has to follow certain steps in order to make the process of buying a complete success. Here are such few points which are discussed below:
Identify the right location: When it comes to investing in commercial property, the location is all-important. But one can judge a good location by different parameters like accessibility and visibility, social infrastructure, proximity to commercial hubs and ethical concerns. The location should be easily accessible via various modes of transport, to consumers and to all other stakeholders. The commercial enterprise should attain adequate visibility in this area. The locality should have a well-developed social infrastructure in place. Being close to other commercial hubs gives the locality an added advantage. The land on which the property is constructed should be free of any legal disputes, monetary liability and environmental concerns as well.
Quality of property: One should look out for a LEED Gold/Platinum certification to ensure that the property meets quality standards. The finer details like the interiors, fittings, and fixtures, elevators, look of the lobby, etc. contribute to the value appreciation, making the transaction a worthwhile investment. Two commercial properties in the same location can vary greatly in terms of quality.
Evaluate the scope for growth: Parameters like the demand vs. supply ratio, market rent vs. in-place rent and rental yield ratio can indicate the scope for growth. A pre-leased commercial unit is a good option for generating rental income right away, while larger units are preferable for better long-term returns.
Assess the market drivers: There are certain factors that often drive a market. Like the different government policies are there. If it is beneficial for the real estate market then one should buy commercial properties during this time.
Profile of tenant: If the client is looking for a tenant, then the person should always go for a tenant with reputation. This will make the further processes more direct and simpler in place of unnecessary problems in future. In connection to this one for example can talk of the two completed projects of Anthurium, which are The Corenthum & i-Thum respectively.
Look to diversify: One requires to diversify while buying a property and should not be thinking in a stereo-typical manner. An out of box thinking might help the client to hit the market in the most rightful way.
Get the documents in order: Having the rightful documentation is the first thing to be done in the process of buying a commercial property in order to avoid hassles as the end.
Keeping the above-mentioned aspects in mind one can happily invest in one of such upcoming commercial projects in Sector-73, Noida of Delhi NCR. Anthurium is a commercial property that can aid investors and buyers to avail maximum benefits from their property. Anthurium is the new commercial project, offering office spaces to be bought in Noida with smart digital and virtual offices for businesses. The place is situated at the most convenient location for employees and companies. Anthurium offers fully equipped offices allowing business owners to get maximum benefits from their investment. Moreover, this group has already completed its two projects beforehand which has already been successfully delivered. To talk about them they are The Corenthum & iThum of Sector-62, Noida which are nothing but a testimony of the facts they claim for their name in terms of customer satisfaction.