The location of a property undoubtedly plays the most important role while making an investment in the real estate sector. It is not a concealed fact that making an investment in a commercial property situated in a prime location can prove to be the most beneficial and prudent decision in the long run.
These prime locations are more profitable. People are willing to pay a higher price for getting a commercial property situated in a high-traction location. According to recent stats, the real estate sector in India is on a growth path, and more people are willing to invest in commercial properties.
Advantages of commercial properties in a prime location
For all those investors who are willing to invest in commercial property but do not hold a clear notion regarding the importance of commercial property investment in the prime location, mentioned below are some of the advantages of investing in a commercial property located in a prime location.
- Higher returns
If a person invests in a commercial property situated in a prime location for the purpose of renting it out, then they can easily get a higher return on their investments. There are numerous business owners out there who are looking for a commercial property located in the center of the city that can be easily accessible to all their employees and customers.
- Easy and instant loan approval
Purchasing and investing in a commercial property in a prime location can also be a great option in the situation when you require instant loan approval from a leading bank or any financial institution. Commercial properties situated in a prime location hold a higher return on investment and fewer possibilities of a capital loss; the banks count it as a more credible investment, increasing the possibility of easy and instant loan approvals on those properties.
- Easy access to the property
There are many who leave an organization due to daily commute issues. If you choose to invest in commercial properties in a prime location, then you need not fret about this problem. These properties can be accessed easily with multiple transportation lines. This can increase the number of people who wish to work for your business as well as the foot traffic in your establishment.
How to identify whether the location is prime or not?
Now that you have understood the importance of commercial property investment in a prime location, another question that might arise in your mind is how a person can identify whether the location of a commercial property is prime or not. Mentioned below are a few of the points that will assist you in determining the same.
- Ease of access: The primary element that makes any location prime is the ease of access. Can your employees or customers find the property without any hassle? Can they safely, quickly, and conveniently travel to your property?
- Proximity to hubs: A prime location is always close to all the commercial hubs and prominent places in the city like restaurants, shopping complexes, hospitals, etc. This ensures better convenience for people visiting your property.
Making an investment in the commercial property situated in a prime location has increased rapidly over the last ten years. Bear in mind all the above-stated points when choosing commercial property in a prime location and relish the maximum advantages of owning a property.
Omaxe Chowk is a great choice if you are looking for a commercial property in a prime location in Delhi, NCR. Still, under construction, this property is expected to be 22-feet high, situated adjacent to Chandni Chowk metro station. Omaxe Group has several other (similar) commercial projects under its belt.