As Pune continues to grow consistently through the years, businesses are eager to expand their operations in Pune. “Companies like Credit Suisse Services, Tata Consultancy Services (TCS), Deutsche Bank and Bajaj Finserv leased large office spaces for expansion purposes in Q1 2018. We expect the leasing momentum to continue with the influx of new supply”, says a report by Colliers.In addition to this, under 10,000 startups initiative by NASSCOM, Pune is one of the most promising startup destinations in the country.
This is a clear indication that the commercial property market in Pune is bound to yield strong returns in the years to come, as businesses and startups, will drive the demand up. In such circumstances, investors should not delay in buying commercial property in Pune.
To find the right property for you and to have an excellent buying experience, it is advised you opt for a good commercial property agent in Pune. How would a commercial property agent make a difference?
The Right Location
Pune is growing, but not all neighbourhoods are growing at the same scale or pace. Research firmly suggests that investors should buy commercial property in Pune, especially in micro markets like Baner, Bund Garden, Viman Nagar, Kalyani Nagar, Hinjewadi, Kharadi, Magarpatta, among others. A competent commercial real estate agent in Pune can help you get you the property that you desire in the location that is the most profitable.
Inspection and Negotiation
If you are a new buyer you may not understand the building standards and the clauses in the property agreement. A commercial real estate agent can help you identify and navigate through the complex challenges associated with a commercial real estate deal.
Price is often the primary point of contention between the buyer and the seller. If you hire a commercial property agent, he will negotiate wisely on your behalf and give you the best real estate deal that you can ask for.
Awareness of Market Trends
Market trends have a strong impact on commercial real estate buying decisions. For example, a report by Colliers states that, “the Special Economic Zones (SEZs) in Pune are gaining renewed interest among occupiers as new supply comes onstream, especially in locations like Kharadi and Hinjewadi. A few developers have converted earlier launched residential projects into commercial developments. Large occupiers in Pune are looking for pre-commitments in state-of-the-art buildings with modern amenities and facilities for their employees” and “we expect Kharadi and Hinjewadi to remain the most popular locations among occupiers. In our opinion, new supply should continue to entice technology occupiers’ focus towards micromarkets such as Kharadi and Hinjewadi in the next three years.”
Now you may not be aware of this, but a commercial real estate agent will leverage this information to give you a better real estate deal.
Where is the real estate market in Pune headed? Which are the places that will give you the maximum ROI in the future? A commercial real estate expert will be able to easily answer these questions and guide your purchase in the right direction.
At Brick Folio, we strive to maximize the returns of our clients buy helping them buy the right commercial property in Pune.
Want to more about Brick Folio, the best commercial real estate agency in Pune? Contact us now!