Which Is The Best Commercial Project In Noida Extension

2024-01-30

Real Estate Investment

How do you decide which property is right? Do you decide by location and best offers?

Are they the only criteria you use?

Are you looking at Noida extension based on these two factors?

If so, then let me tell you what I know of Noida extension and real estate from my experience.

Hello, I am Vivek Raman Co-founder of REGROB. First, I must tell you I have been watching this estate since 2009. This was when the first project was launched in Noida extension. Not a single family had moved here. People started to shift only after 2014.

This is the same year I got my property possession. As I moved here with my family for permanent stay, we soon realized the local transport was still lacking.

Even getting groceries was difficult. We had to commute everyday 8 kms to sector 71 or the city center to get our basic needs like groceries. It was challenging to commute to schools, hospitals, etc.

But now in 2021, we have a 2.5 lakh population here. It is a fully crowded and packed locality. With 60+ apartments occupied and malls, offices, retail shops nearby the place is bustling with people.

Still, more than 50 apartments will be available for move-in in few months. Commercial development is also quite significant.

Not just that, you can take part in 50+ communities dedicated to different activities. Greater noida cycling club, WOW ride, peer to peer charity, Ramleela trust, and Sai Sewa Samiti are a few to name.

With these, you can enjoy the weekend by doing a variety of activities. Be it cycling, charity, exercising, or participating in cultural events of the locality.

End of the day, a real estate value is decided by the people living there. What quality of life is lived affects the real estate rate. Communities that support and enjoy together show an increase in property value.

Some part of Noida extension especially where I live has become overcrowded. I had invested in residential and commercial projects in 2013. It was under construction. Now all property value has been appreciated. Because of that, I am receiving good returns and rentals.

Noida extension is a large area. A lot of construction projects are in full swing. New apartments are rising in other parts of Noida extension.

Commercial projects have been launched. They show potential for real estate appreciation.

In few years, 2-3 lakh people will move to the current 1 lakh population areas. The current rates are also low. I had also invested in Noida extension seeing this opportunity.

I have been living here and experiencing real estate for years. Being investor, real estate brokerage business I have gathered all the local details on the Noida extension. And I have seen the commercials appreciate.

There are few checks that must be considered when investing in commercial developments.

I won't be talking about the nearest metro, highways, nearby schools, or other things. All these are boasted on brochures.

And it is pretty much the same for all projects.

Identify commercial

First, let us understand what is commercial. The commercial is divided into two groups. One, office space. Two, retail shops.

Second, know your reasons.

What to look for

Identify which of the following categories suits your purpose, and then plan accordingly:

• Buy and self-use: Have the benefit of self-utilization, while also getting value appreciation.
• Buy and lease: This offers regular income and long-term value appreciation.
• Buy and sell (short-term): This is generally for quick, small to medium profit. The typical property is under construction and sold at a profit on completion.
• Buy and sell (long-term): This is generally focused on large intrinsic value appreciation over a long period. This offers alternatives to complement long-term goals, such as retirement.

Once you have decided on your purchase needs, you can move to the next important checks.

Neighborhood Knowledge

Deep local market experience allows one to understand hyperlocal market trends, accessibility, and essentially, “Where are the good streets to live?" Local information like connected road, no. of people living in that area, future no. of people that will move to the area, etc.

Localized information is very important for the appreciation of commercial property.

Location of property

The adage "location, location, location" is still king. It continues to be the most powerful factor for profitability in real estate investing.

Most important is to understand the right location of commercial property. But this has to be done according to local people and not for an outsider.

End of the day majority of local people will be the footfall in the area and not outsiders. A permanent resident will consume that property or will take on a lease.

The purchasing power of people

We need to understand what kind of people are living in that locality where commercial is. Importantly, do they have the purchasing power to visit commercial spaces for consumption? This makes a huge difference.

Inventory

An inventory in the real estate parlance means the unsold or held units in a given stock.

Getting the right inventory is very important. Because all good units are held by the builder, investor, and property consultant.

Builder release the best unit to only those who pay a premium for that unit.

Premium units pay higher and better returns than a normal unit in the future. Premium unit is given to institutional and certified property consultants in most cases. Because they sell the unit in masses.

Lease rights

If builders hold 20- to 40% of the property and give them on lease to brands then that commercial will be successful. Reputed builders give their 30 percent of the inventory on the lease to the brand.

This is so that maximum footfall comes in the commercial.

If the builder is earning huge rent by leasing to brands they will take interest in the future maintenance of the property. Long term interest of builders is important for the success of any commercial.

In most cases, builders sell all inventory. And in such cases, the commercial doesn't get much appreciated.

Rera Certified

if you are buying property through property consultant

Every third person is a real estate agent in India. This industry is one of the unorganized sectors in India. 99% of property consultants are not RERA certified.

Most people enter this business without local knowledge or a RERA certificate.

They do a lot of misleading and misselling. Moreover, they cannot be held accountable if things go sour in the transaction. You cannot even track them in government records.

They do freelance dealings. They don't have any domain knowledge about the property. Nor are responsible for the customer.

Freelancer just vomits brochure data in simple words to the customers. If something goes wrong buyers feel cheated and helpless.

Real estate is a much complex subject than the stock market, mutual funds, and other financial instruments.

I have worked in a top position in the mutual fund and other financial industries. And I can tell real estate needs more analysis than any other industry.

RERA is a government body. It gives license to property consultants. RERA gives two types of licenses. One is for an individual and the second is an institutional license. You can check one's RERA no. and certificate on the official government RERA website.

RERA certified consultant is held guilty if they do wrong selling to the client.

An institutional certified RERA consultant is more preferable. Because in this entire company is accountable for wrongdoing a customer. Only big and privately held companies can take this corporate RERA certificate in their name.

Reputed builders often prefer only institutional/ corporate RERA certified consultants to sell their projects.

Buy the right property, not a huge discount. Most of the time customers land up in buying the worst property and worst inventory. All because they got intimidated by offers.

These were just a few starting checks. I have more than 20 checkpoints that I use. If you are interested maybe we can catch up and discuss.

Regrob is the largest tech-enabled real estate brokerage firm with over 50 offices in India.

We work only with Top rated and verified builders who completely meet our parameters. We do so to ensure 120% customer satisfaction.

We have a wide range verified and top rated commercial projects in office space and retail shops in the Noida extension. Price starts from 25 lakh for office space and retails shop starts 50 lakh onwards and no cap on maximum limit. we have exclusive and premium unit. We have property which gives high rental value.

Price of Property depends upon size and location of property .Loan is available on all commercial.

We at Regob have a big research team. They go for on-ground visits and do all due diligence before we sell that project.

Property Management for customer -This service is very unique and .We do property manage for our customer in leasing authorized by builder. We assist 360 degree to resale property in premium price in our large network of investor in future .

Remember, the best investment on the earth is the earth that produces cash flow.

Lets us discuss how to create massive wealth in real estate. Reach us for more details Call: +91-7861008808