Buying a Commercial property has always been the best choice for the investors. It has a higher return than the residential property. It also has the option of multi-level parking cum commercial project.
Commercial property yields higher return than residential properties
Investing in commercial property in Delhi can be a rewarding experience. The commercial property market in Delhi is expanding at a fast pace. The yields on commercial properties are significantly higher than residential properties. However, there are some important factors to consider before investing in any property.
Commercial properties offer stable rent for a longer period of time. Hence, investors should consider the tenure of their investment.
Commercial property also provides stable income stream, whereas residential properties do not. In addition, residential properties are much easier to manage, whereas commercial properties have to be maintained by the tenant. In addition, maintenance costs tend to reduce the return on investment.
Residential properties are also easy to sell. However, investors should keep in mind that residential property still needs to be paid rates, taxes, and insurance. They also have to deal with frequent tenant changes.
Commercial property in Delhi is expected to give higher returns than residential property. The overall returns of commercial property are estimated at 13-15 percent per year. Besides, it can provide capital appreciation in the long run. However, this can be dependent on the market conditions.
Commercial property in Delhi is also expected to offer more security than residential properties. There are multiple security measures in place, including 24-hour security, fire suppression system, and visitor parking spaces. There are also a number of amenities available, such as fresh water supply, modern well-maintained washrooms, and a food court.
The rental value of commercial properties can also drop drastically when the market slows down. The number of units sold annually increased by 48 percent. Nonetheless, the rental value of residential properties is still lower than international markets. However, the demand for Grade A pre-leased assets is higher, thus making it more liquid than residential properties.
Multi-level parking cum commercial project
Developing a multi-level parking facility can help solve congestion problems in Karol Bagh. This is one of the key features of the Omaxe Karol Bagh project. It is estimated to provide over 2,400 car parks.
The project will also boast of a world-class shopping centre. It is expected to be a thriving shopping destination in the central part of Delhi. It is also expected to become a preferred shopping destination for regional retailers. Omaxe has already secured all requisite permissions for the project. It is expected to complete the construction by December 2021.
The development will also feature a swanky food court, commercial shop and commercial space. A commercial shop is intended to provide parking at a rate of 2 ECS per 100 sq.ft. This is a fairly new concept.
An impact assessment of the project is a must. It must include a traffic management plan for entry and exit to the site. This will allow commuters to adjust to the new system. It is also a good idea to incorporate a park and ride component. This will eliminate congestion from the commercial hub.
The other good news is that the Omaxe Karol Bagh project is expected to provide a 12% assured return. This is in comparison to the returns of a residential property, which usually yield 3% to 4% gross.
The Omaxe Karol Bagh project is a first of its kind in the city. The company will fund the project with internal accruals of about Rs 250 crore and customer advances of up to Rs 400 crore. The project will also be financed with private equity.
The company will also be implementing a multi-level parking centre in Gandhi Maidan. This is another major project that will boost the city’s retail and leisure options.
Shops are great alternatives for buyers
Located at the heart of the glitzy northern reaches of Delhi, Omaxe Karol Bagh is a gleaming new commercial development. The new shopping destination is touted as the first premium shopping centre in the neighborhood and will be a shopping mecca for the discerning buyer. With its numerous retail options, Omaxe Karol Bagh will be an ideal shopping destination for the modern family. Its location is proximal to Red Fort, Old Delhi railway station, Delhi Metro station, and the Northern Railway station. This centrally located development will be a magnet for retail shoppers and business owners alike. The development boasts several amenities, including a multilevel parking garage, Wi-Fi and a fitness center. Aside from its exemplary amenities, the development also boasts an enviable location and a 9% lease guarantee.
The most important thing to note here is that Omaxe Karol Bagh is a safe place to shop. The project is a gated community, and security measures are exemplary. In addition to the retail and commercial spaces on the first and bottom floors, a host of other amenities are on offer. These include an alfresco dining area, a fitness centre, and a jogging track. Aside from these, Omaxe Karol Bagh offers the occupants of its many units a convenient and hassle-free way to get around the city.
The most interesting part of this development is that it provides the opportunity for aspiring business owners to realize their dreams. This is due to its centrally located location, a high degree of security, and a favourable business environment. Moreover, the development’s amenities are all but free of charge, as are the parking spaces. So, if you’re in the market for a new home in the capital city, Omaxe Karol Bagh is the place to be.
Omaxe Chandni Chowk is a great destination for foreign nationals
Located in the heart of Delhi, Omaxe Chandni Chowk is a multi-level parking-cum-commercial project. It is spread over 4.6 acres of land and will be a prime destination for all types of retail businesses. It has already attracted several national and international brands.
Omaxe Chandni Chowk is a commercial project and will have all kinds of retail stores, shopping malls and food courts. It will also have educational institutes and other business facilities. It is expected to attract a footfall of 4 to 6 lakh people a day. The project is located close to the Chandni Chowk Metro Station and is also near the Sis Ganj Gurudwara.
The project is estimated to generate $400 billion business turnover. The project will have a 100-ft wide HC Sen Marg and a front opening of 500-ft. The project will also have Proper Fire Alarm System, Central Air Conditioning and Water Storage.
The project will have a seating capacity of 1600 people. The mall will have multiplexes, CCTV cameras, power backup, car parking and tiled flooring. This project will have all the business facilities that are required to run a business successfully.
Omaxe Chandni Chowk is a business hub that has a high connectivity across the city. It is expected to attract a large number of businesses from the metro station and other localities. It will be a great destination for foreign nationals.
Omaxe Chandni Chowk is a perfect hypermarket. It will also offer a variety of brands, which will provide convenience to consumers. It is expected to become the gateway for big brands and will also be a good platform for small retailers.
Omaxe Chandni Chowk Delhi is located near the Metro Station, Red Fort and Sis Ganj Gurudwara. It is expected to attract footfall of people from all over the city.