The growing demand for retail stores, high street, office space and co-working space has made the retail and commercial segment a better option than residential. Experts are also telling the best time to invest in the segment, so that they can get maximum returns.
At present, the investment size in the residential category has become huge, the returns have become equally small. If you have made up your mind to invest in real estate, then you can cash in on the boom in retail and commercial segments. The increasing demand for retail stores, high street, office space and co-working space has made the retail and commercial segment a better option than residential. Experts are also telling the best time to invest in the segment, so that they can get maximum returns.
25 percent growth will be seen in the commercial sector
Behind the strong growth of commercial property is the start-up culture and the influx of multi-national companies (MNCs) into the country. If we talk about Delhi NCR, then many data centers are being established here. Because of which there has been an increase in lease property demand in the commercial property market. According to experts, a growth of 20-25 per cent can be seen in the commercial sector, which will be more than the growth in the last 3-4 years. Market experts say that retail income is about to cross 15 per cent and in 2023, the price of commercial space may see an increase of about 15-18 per cent.
Increase in manufacturing units and start-ups
The demand for commercial space is continuously increasing in Delhi NCR, which includes NH-9, Noida, Greater Noida and Yamuna Expressway located in Ghaziabad and Gautam Buddha Nagar. IT, ITES, BFSI, large scale manufacturing units of many categories and the speed of start-up growth has increased. Item World Chairman Sandeep Sahni says that positive demand is being seen. After post Kovid, there has been an increase in the transactions of commercial property. By the way, soon brands like Westside, Croma, Starbucks, Judio, KFC, Chaos etc. can be seen in Phase-1 of ithem Galleria Mall, spread over 2.86 acres, located in ithem World Greater Noida.
Increase of people with good income in towns
According to Himanshu Garg, director of RG Group, high income people are being seen in many small towns as well. There has been a significant increase in the number of these people. In such a situation, along with residential, commercial projects are also being launched. Very soon they are coming up with a shopping arcade at RG Luxury Homes in Greater Noida West, which will have approximately 41,912 square feet of dedicated shops, kiosk area and space for other commercial activities. According to Suresh Garg, Vice President of CREDAI Western UP, there has always been a demand for property in Delhi NCR. Now, along with residential, there has also been an increase in commercial demand.
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