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  • Commercial space provides better opportunity for investment

    Commercial Property IStock 000057766298 Small

    Photo Courtesy: Internet

    The return on investment (ROI) on housing assets was quite satisfactory in the past. In some cases, it was even doing amazing good business, depending on the locations, amenities and etc.

    In India, historically the rental yields for residential assets have always been low; capital appreciation alone was sufficiently dynamic prospects for most real estate investors.

    However, in the last two-three years the hype relating to the residential property investment has faded out with a prolonged slowdown. This has affected the capital appreciation overall.

    The continuing sluggishness on the residential property market, coupled with the associated re-investment cycle risks, will also pay a significant role in driving more investments towards various categories of commercial real estate.

    In the present scenario, the demand for the office space is growing faster: its demand is higher than the residential space.

    Vineet Taing, president of Vatika Business Centre, says: “After RERA and GST came into force, the residential market saw a slow down with limited new launches and tepid sales. However, the commercial realty has remained robust with sustained demand. There is an increasing demand for office space which has led to the growth of business centre, virtual offices, as well as the co-working spaces. In the Delhi/NCR, the New Gurugram region and Dwarka Expressway are set to get a boost both in terms of office spaces as well as retail.”

    Developers are with the view that the demand for commercial real estate has increased in the recent time with the sale of its properties like shops, malls and office space has swelled. The reason for this is the higher rental returns.

    “The purchasing of commercial properties such as shops, malls, offices and storage facilities, has grown in recent years. The rental returns in commercial real estate is higher than in residential sector especially in a place like NCR, which is inviting more number of investors in this sector. The Indian commercial real estate is also attracting realty players from all over the world. This is increasing the need and competition in this sector; as a result the buyers are getting the best,” said Ravish Kapoor, Director Elan Group.

    “Necessity for office spaces is rapidly increasing largely due to massive upsurge of startup landscape, M&A deals, favorability towards manufacturing in India and emergence of our country as a major investment destination. Businesses today are expanding and creating a demand of larger commercial space to accommodate their increasing employee base. Additionally, there is a surge in demand of under construct commercial projects due to higher rental values and scarcity of ready- to- move in office space. Therefore, the sector is witnessing and will continue to see an upswing trend in office spaces. 

     Investing in a commercial property has always been considered more profitable as commercial investments yield higher rental values than that of residential. Further Reforms like RERA offers broader and safer investment options to small investors ensuring more and more investment swing towards commercial,” said Ashish Arora, Director Distribution, Viridian RED

  • New Gurgaon: An emerging residential and commercial realty destination

    New Gurgaon 600x386

    Photo Courtesy: Internet

    The city is well-connected to three major highways, has a good number of affordable properties and future growth prospects

    New Gurgaon is fast emerging as a realty destination in the NCR as the city is beautifully stoked by commercial as well as the residential properties. Although delay in the completion of Dwarka Expressway has resulted in the slowdown of the work, this has not affected much to the development of the area.

    “Sectors close to the national highway are registering good movement. People working in the offices located at National Highway Toll Plaza prefer this area due to the proximity to their office location. Affordability is also one factor that is driving demand in this area. Social amenities like local markets, schools, etc are developing fast with families living in this newly developed area,” says Surabhi Arora, Senior Associate Director (Research) at Colliers International India.

    New Gurgaon is well-connected to three major highways which are National Highway 8 (NH8), Kundli–Manesar–Palwal Expressway and Dwarka-Gurgaon Expressway, which makes this place an ideal destination for commercial as well as residential.

    Many developers have their projects here that have delivered or are to deliver their projects in this area.

    Hariender Dhillon, VP (sales) at DLF, says: “New Gurgaon has emerged as a preferred choice in the Delhi NCR for buyers in the last few years. The area is strategically located between Manesar, Gurugram and Delhi with direct connectivity to NH-8. The spate of recent infrastructure developments in the area like Southern Peripheral Road (SPR), Dwarka Expressway, and Kundli-Manesar-Palwal Expressway, once complete, will bolster connectivity. With significant habitation even today, the occupancy rates in the zones are expected to increase rapidly with the new infrastructure developments fully in place.”

    The city has a number of good educational intuitional which is helping the population in around the area to swell properly.

    "There is an increasing demand for office spaces which has led to the growth of business centres, virtual offices, as well as co-working spaces. Speaking of Delhi NCR, New Gurugram region and Dwarka Expressway are set to boost both in terms of office spaces as well as retail."   - Vineet Taing, President, Vatika Business Centre 

     

    “A recent report by the real estate consultancy Knight Frank has identified New Gurgaon as one of the top 10 residential destinations in India, from an investment point of view, up to 2020. The region has many ready-to-move-in apartments and other social infrastructure, hence swelling its demand for the real estate sector,” Rahul Singla, Director of Mapsko Group says.

    Availability of all the above-mentioned factors in this city makes this place as the newest hotspot of realty destination

     

  • Vatika Business Centre partners with Truecaller to bring trust and security into Office Automation Sector

    Nami Zarringhalam Co Founder And Chief Strategy Officer Truecaller With Vineet Taing President Vatika Business Centre

    Gurgaon: Vatika Group collaborates with Truecaller, the world’s leading communication platform. This is a first-of-its-kind partnership that Truecaller has done globally, starting first with Vatika Business Centres. Vatika Business Centre has always believed in strategic tie-ups with innovative tech companies that improve the workplace realities to make it more secure and experiential.

  • Why the Vatika-True Caller app is something to look forward to?

    Padmini Ramesh

    In a move that may revolutionalize the check in process, Vatika Business Cente and the popular caller ID App-True caller have collaborated together to create a first of its kind service which seeks to make information exchange much simpler and just a matter of seconds.  Why this is even more exciting is that it is for the first time True Caller is venturing into North India. The App is designed in a way wherein anyone wanting to use the facility of Vatika is just required to feed his/her number in the App. This leads to an automatic transfer of the entire information of the customer pre recorded with True Caller, to the Vatika database. As against the earlier system, which required the customer to enter all his details ranging from phone number, picture, email id, address etc which spanned over minutes, this application would require the customer to give just his phone number, hardly a matter of few seconds, following which the True Caller application would send the entire database of the customer to Vatika Business Centre. What’s more interesting is that the customer has the facility of changing his information, in case something is incorrect and the change would get recorded in True Caller’s database as well. The service would be available at all Vatika Business centers spanning India and would require the customer to have the True Caller application pre installed.