The upcoming year, 2019 is expected to be great for the real estate business. It’s true that this year 2018 was quite amazing towards the property investment and the same is going to be continued next year as well. In the present year, people have decided to make property investment because of the availability of several options in the real estate market, especially in commercial properties. This has given a significant development to the real estate market, compelling enough to persuade individuals to invest in the real estate sector. There are many aspects that will be making a massive impact in the property investment sector next year, especially upcoming commercial projects in Noida. Read below to know about the aspects, going to impact the market in the year 2019.
No one can deny the fact that the co-working culture is seeing a high rise on a global level and startups are also looking for convenient and flexible commercial spaces at reasonable costs. Organizations with the requirement of limited space are renting out their office spaces to other companies. This revolution has given a high rise in the acquisition of commercial properties in Noida and other cities with growth opportunities for businesses. This trend will be continued in 2019 as well.
Builder and developers in the real estate industry are continuously refurbishing their business models so that they can finish the projects within deadline and deliver the property on time. RERA implementation has also increased the transparency and responsibility in property development in India. Due to all these aspects, more and more individuals are getting attracted to the investment options in the real estate market.
One more evolving trend is the growth of Office Retail Complexes in several cities. The concept of ORC or Office Retail Complexes is planned to combine well with the business individuals and office crowd, for retail shops and vendors it’s a predictable commercial place.
The retail industry is a vital fragment of the economy, and retail expansions work as the hot spot for the public for their shopping and leisure requirements. As an asset type, earlier retail was under high pressure, and many builders and developers dropped their plans to build mall mainly due to disproportionate vacancies in malls along with low rentals. A decent retail combination in an office building offers excellent comfort and ease to the office tenants and values to the properties.
The increasing tenancy levels in Grade A commercial properties are providing a significant impact on rental movements, which has also ensured augmented investor assurance in the commercial asset category.
Anthurium is the new commercial project in Noida, located in the central location in sector 73, offering smart digital offices 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.