There are few other cities in India that are as planned and organized as Chandigarh. The city is full of green open spaces, wide and pristine roads and well maintained civic infrastructure. Owing to these factors, there is no surprise that Chandigarh is fast becoming a real estate hub with many major developers launching projects in and around the city.
When it comes to commercial property, many different formats (Like Malls, SCO etc) are making their presence felt in Chandigarh, leaving no dearth of choices for buyers and investors alike. However, this abundance can become a serious problem, if you are not careful in making your choices. With so many options available, finding the right property can be a real task, and a holistic assessment is necessary before making the final choice. Let us look at some of the factors that must be considered for buying a property in Chandigarh: 1. Understand Your Business Requirements - Before you even start looking for an office space, you must first understand what kind of property is best for your business. Different businesses have different real estate needs, for example, the requirements for a retails business will be vastly different from that of corporate establishments. 2. Pick The Right Location – You should consider buying a commercial space in a location where the market is not saturated and there is sufficient scope for growth in the future. One such location where the future looks bright is “New Chandigarh”. New Chandigarh has all the amenities that a growing city requires like new schools, hospitals, shopping malls etc. and many eminent developers have chosen this location for their new projects. The potential in “New Chandigarh” is immense, and can prove to be a lucrative option for investors as well as buyers. 3. Study the Property Layout: There is no point in Buying Commercial Property in Chandigarh which does not suit the needs of your business. A good way of checking if a property is good for your business or not, is to have a look at its layout plan. By looking at the layout plan you can get a fair idea about the size of the shop/office that your business needs the area within the property which is best for you and also a comprehensive understanding of the building as a whole. Before buying a commercial property one must make sure that it has been designed intelligently. 4. Choose The Right Developer – This is one factor in which there is no scope for compromise. Before investing in a commercial space, you must assess some of the earlier projects of the developer. Many new developers have launched a project in Chandigarh, but, it is always better to go for a commercial property that is being developed by a reputed real estate company. Quality, experience & reputation go a long way in ensuring that you’re hard earned money is being invested in the right place. 5. Do A Proper Value Assessment – Doing a meticulous valuation of the property you are investing in is essential. Studying all the facilities that are being offered by the developer and collecting information from similar properties in that location can give you a fair idea if a property has been priced correctly or not. Be it location, layout plans, quality or integrity, the Curo group is very sensitive about the needs of its buyers and its latest project “Curo One – New Chandigarh”, which is a perfect combination residential apartments and commercial property, is a fitting representation of its values. Related Source: Homely Investments on the Best Residential Spaces in Chandigarh
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