Hey Chadra. If you ask as a whole, will commercial property prices rise? I would say yes. Commercial real estate will rise and right now, the market is only expanding in India, with infrastructure development going on in so many cities. Gift City in Gujarat is going to be back and the commercial real estate is going to skyrocket in Gujarat.
The demand for commercial real estate has always been there and will continue to be as new ventures open up, businesses needing space and new innovative places opening up every day. So, right now is the time to invest in real estate in the commercial sector, with proper research.
The potential for quick returns and a long term appreciation is massive with commercial real estate and investing your money in the right property in a location that is set to grow in the future is a safe bet to make.
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Making the decision of whether to purchase commercial real estate becomes considerably more difficult for someone like myself who is new to real estate investment. Recently, I thoroughly researched will commercial property prices rise since I am planning to invest in it. I found that if the economy increases, the pricing of commercial property will definitely increase.
However, I also found that nowadays, the commercial real estate sector in India appears to be expanding significantly.
The size of the Indian commercial real estate market is at USD 40.71 billion in 2024.
It is predicted that commercial property will expand at a compound annual growth rate (CAGR) of 21.10% to reach USD 106.05 billion by the year 2029.
I came across a news article where I found that a 10-12% increase in property prices is also anticipated by industry experts for 2024. They said it will increase because of a spike in demand for commercial space in metro and tier cities.
The government's emphasis on urbanisation and infrastructure development initiatives, such as the Smart Cities Mission, is also anticipated to increase demand for commercial real estate.
However, several factors, such as infrastructural development, company demand, and economic growth, affect the values of commercial real estate. I also asked a few commercial investors and they told me that the prices will definitely go high as the Indian economy increases. So, I decided to make an investment in commercial real estate. I hope you found this answer helpful.
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Will Commercial Property Prices Rise?
Chadra76
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2024-07-24T15:31:37+00:00 2024-07-25T15:31:50+00:00Comment
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