Over time, things are improving after the pandemic. In recent times positive growth has been registered in real estate investments. Still, people in Tricity are confused about whether a 2bhk flat in Kharar would be a better investment asset or investing in commercial buildings.
If you are also in a dilemma, then you are in the right spot. Drive through the write-up and get an idea of why a commercial property in the Kharar region is a good choice as an investment asset.
Affordable
In Tricity, investing in a commercial space in Chandigarh is not affordable for many. It is highly costly but even if you have low-budget, you can invest in a commercial property near the Mohali-Kharar region.
Better Prospects
The area around Kharar and Mohali is expanding and growing. The road and other infrastructure are good and more housing societies are settling in. In comparison to Chandigarh and the major sectors of Mohali, the prospects of Kharar seems better. It is easy to find property for sale in Kharar and these are available because the future of growth lies in this region.
New Shopping Centers
You can find a mall near Sunny Enclave Kharar, and many shopping centers are opening up in this area. The rising high-rises and low-rises have created a customer base in Kharar. The people living in societies near this are willing to buy things from a mall in Kharar, Punjab rather than going to sector 17 Chandigarh market or a mall in Chandigarh. This not only saves fuel but allows them to spend less time commuting.
Greenery
The new and expanding Kharar region lies in the lap of nature. The greenery and the availability of fresh and clean oxygen make it not only a good option to buy a house in Kharar but also evolves as a perfect place for green shopping centers. Nirwana Square offers the best shopping center in the Kharar area.
Price Appreciation
In recent years the property in Kharar and Mohali has risen tremendously. On the one hand, where real estate has hit a hard road in other parts of Tricity, properties in Kharar have experienced price appreciation. Past five years it is only surging and if experts are to be believed this area will become a hot spot for buyers and investors in the coming decade.
Easily Available Loans
Another thing that many buyers worry about while investing in a commercial space is money. The cost of a commercial property is higher than a 3bhk flat in Kharar. Therefore, you seek loans but in areas that are popular for the disputed property, it is difficult to find financers, especially reputed banks. In Kharar, you can get your loan on commercial buildings too sanctioned easily and not at a whopping interest rate.
Note – Nirwana Square One has tie-ups with all major banks in the Tricity – State Bank of India, Punjab National Bank, Bank of Maharashtra, Union Bank, Syndicate Bank, Oriental Bank of Commerce, Punjab &Sind, ICICI, Axis, HDFC, etc.
Creates a Source of Regular Income
Once you invest in a commercial property, you do not have to worry about income. It becomes a source of a steady income and you can save money even after deducting the EMIs. You can lease the property and create a safety net of income.
Amazing Deals Available
The Kharar area is in a growing phase, so you can find some amazing deals from any real estate agency in Mohali, Kharar, etc. Not just in residential properties like an independent house for sale in Kharar. You can find some alluring deals in commercial spaces in the Kharar region. It is difficult to find such deals in commercial real estate anywhere in Tricity.
Bottom Line
Investing in commercial property is always considered one of the best investment asset-creating options. Unlike other areas in Tricity, Kharar offers low-budget and highly profitable prospects. So, it is prudent to invest in commercial real estate properties in Kharar as it will give you a better return in terms of rent. Further, you can sell it in the future when the price appreciates. In a way, you will always be on the profitable side of this investment.