Industry experts advise to invest in commercial segment in real estate this year
Real estate sector has not been untouched from the global crisis, which according to the industry experts is going to spring up once again
This year began with the nationwide vaccination drive that everyone was looking forward to, which will work as a growth booster for all the sectors. And the real estate sector has not been untouched from the global crisis, which according to the industry experts is going to revive once again. With all the projects to be back on track, the commercial real estate sector is one particular segment that all investors have been eyeing on.
The reason behind industry experts advising to invest in commercial real estate projects is the high demand of the new office spaces as many companies are anticipated to reopen with the end of the pandemic. Along with this, there are many more opportunities in the commercial segment promising a long term income to the investors. To add on to this, 'virtual space' is a trending element in the commercial segment, which is ideal for investors who are not interested in the maintenance or property type, but in the long term returns.
As per the industry experts, to name a few projects that are trending in the commercial real estate sector in 2021 are M3M ECO (Everybody Can Own) and Element One by Satya. On the other hand for high end investment, the investors should consider 32nd Avenue Milestone, which is India’s first GRIHA certified commercial property that also hosts the headquarters of speculator brands, such as The Hans Motors and MG Motors. These mentioned projects are pre-leased and ready to move in.
According to Mr. Sunil Kumar Sisodiya, chairman and founder of Geetanjali Homestate, “COVID took us through such unprecedented times, where we learned that we all should invest in real estate to have a secured future. And since the commercial segment is going to be the growth driver for the real estate sector this year with many projects on the run, investors can choose to invest as per their budget from the various options in the market.”
(With inputs from Mr. Sunil Kumar Sisodiya, Chairman & Founder of Geetanjali Homestate.)