Sunny, you ask a good question, whether has commercial property increased in value. Well, immovable property, especially when it is commercial, is like a sure shot way to say that its value will increase over time. Of course, it doesn’t go for every commercial property, but the majority, on average, if you see, when you make the right investment by considering all the factors, commercial properties increase in value pretty quickly.
The last few years have seen rapid development in infrastructure in not just the tier 1 cities of Mumbai, Bangalore, Hyderabad, but also the tier 2 and 3 cities, where commercial properties have gone up in rates very fast.
Since business demand will always be there and physical infrastructure is an indispensable part of the business, demand for commercial properties in a premium location will always be there and you will see a steady rise in rates too.
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I was planning to invest in commercial real estate, but after reviewing the prices, I started wondering, has commercial property increased in value. Upon researching, I discovered that the cost of commercial real estate in India has been rising rapidly, attracting the attention of real estate enthusiasts and investors.
How Much has Commercial Property Values Increased Since 2015?
India, which gained widespread recognition in the early 2000s as a low-cost outsourcing destination, has moved to higher-end processes in the manufacturing, engineering, and artificial intelligence industries.
Since 2015, commercial property values in India have seen substantial growth. This growth has been driven by factors such as,
Rapid urbanisation and economic expansion in places like Noida, Bangalore, Mumbai, and Delhi have resulted in a high demand for commercial space.
Large-scale infrastructure projects, for example in Delhi, the extension of the metro system, and the Delhi-Noida-Direct Flyway, directly impacted in rising commercial real estate costs.
Rising consumer spending and demand for retail locations, such as shopping centres and malls, drive up the cost of commercial real estate.
By attracting enterprises with world-class infrastructure and tax advantages, SEZs and business hubs drive up property prices and demand.
This growth reflects the sector's recovery and resilience, especially post-COVID-19, which had temporarily stagnated the market in 2020 and early 2021. It is essential for investors to comprehend these aspects if they intend to make commercial real estate investments.
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Has Commercial Property Increased in Value?
Sunny
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2024-07-23T08:40:59+00:00 2024-07-23T10:24:45+00:00Comment
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