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Why choosing a prime location like PCMC will ensure a solid foundation for your business?

Location Of The Month | 24th January, 2022

Pimpri Chinchwad (PCMC), which was mostly an industrial district until the 1990s, has evolved into a residential hub and its closeness to Hinjewadi has redefined it into a central commercial zone.

PCMC is now regarded as a gold mine for commercial investment by investors throughout Maharashtra's real estate sector.

When it comes to buying commercial property in Pune, the most helpful detail to understand is that location is key. The location or region where you choose to operate your business, whether it's a shop or an office can make or break its viability. Pune is one of the city's neighbourhoods that checks all of the commercial real estate investment boxes.

Why is PCMC the Best Location Option for your Business?

#1. Well-connected to the rest of the city

PCMC is well-connected to Pune and several other neighbouring industrial and IT zones, such as Chakan, Talegaon, Talawade, Alandi, Markal, Hinjewadi, Baner, Balewadi, Dehu Road, and others via bus and different internal roads as well as the major Mumbai-Pune and Mumbai-Bangalore highways.

Furthermore, the growing metro system that begins in Pimpri and connects other sections of the city and beyond, including downtown Pune, is viewed as a big possible advantage that will assist commercial property owners who have already engaged in or are planning to invest in any commercial property for sale in Pimpri Chinchwad.

#2. Increase in rental income

The two most important variables that lead people to make commercial investments in PCMC are rent potential and rent appreciation. However, the rent is heavily influenced by a variety of factors such as the location, the size of the commercial space, the nearby business opportunities; whether furnished, semi-furnished or unfurnished, the assorted variety of use (for example, whether it can be transformed into an office or used solely as a shop) and so on.

Furthermore, PCMC benefits from a significant annual rent increase. The yearly average is somewhere between 8% to10%. Although in some regions that have been actively developed in terms of residential growth, entertainment alternatives and so on, the growth rate might reach as high as 12-14 percent annually.

#3. Growth in property valuation

Residential growth has a significant impact on commercial valuation. Many of PCMC's neighbourhoods are currently experiencing rapid residential construction. Wakad, Ravet, Pimple Saudagar, Rahatani, Punawale, Shahu Nagar     etc. are among others.

Meanwhile, villages or tiny agricultural settlements on PCMC's fringes have blossomed into thriving communities. Although the appreciation rate of commercial properties is comparatively lesser than that of residential properties, the rate is frequently site-specific, with a yearly average of roughly 5-6 percent.

Conclusion

Investing in a commercial property in Pune is a very wise investment. Commercial assets frequently provide higher financial benefits than residential ones, but they also pose more risks.

Before you choose the greatest investment option for you, acquaint yourself with the city's commercial ecosystem, understand everything you can about the property developer and then choose the correct one, such as Gera Developments and most importantly, be meticulous with the paperwork.

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