Commercial property tends to multiply rapidly than residential one in the long run. Purchasing a commercial space is altogether a different ball game, and there are many advantages linked to it.
Before you plunge to purchase commercial space, you need to weigh what will add value to your property and how to maximize your future profits.
Commercial spaces, by their location, are likely to fetch businessmen & entrepreneurs. Offices close to railway stations or metros are a key consideration for an investor. In a bustling city like Mumbai, with traffic congestion worsening, employers will opt for public transport in the vicinity. The ease of commuting because of nearing train stations is beneficial to the employee and employer and invariably increases the future land value.
Commercial offices are shooting in Andheri East. Andheri East is a busy mix of residential homes and corporate offices and is known for its fast-growing food market. Lunch spots for Indian food and upmarket hotel restaurants serving gourmet European & Pan-Asian cuisine. Lounge bars & lively pubs with DJs draw an after-work crowd, making it an ideal destination.
If you find a commercial office space in Andheri East strategically, then settling down for a space near public transport is a good option. Office spaces near Andheri railway Station and Metro station are ideal for a populated city like Andheri.
A higher level of demand for property near the railway station has been observed in Mumbai. People in Mumbai are prioritizing the travel time. Entrepreneurs are also willing to pay more for places that are within walking distance.
Getting commercial office space in Andheri East is not only beneficial to save travel time, but you also see environmental positives such as less pollution and emission due to low fuel consumption.
Accessibility to transport is not the main driver for land value growth; not all transport types are regarded equally in Mumbai.
- The Mumbai Suburban Railway station consists of exclusive inner suburban railway lines augmented by commuter’s rail on main lines serving outlying suburbs to serve the Mumbai Metropolitan Region.
• Spreading over 390 km
• It operates 2342 train services
• Carries more than 7.5 million commuters daily
(according to Wikipedia)
Below are some facets of buying a commercial office space in Andheri East.
1. The City
The bustling suburb with emerging commercial complexes makes it likely for any businessman, entrepreneur, or investor to invest here. The rise in corporate offices is because of its work-friendly culture. Sustaining employees with the flexibility of travel and other amenities is something this place has to offer.
2. Transportation
If you plan to buy a commercial office space in Andheri East, it is advisable to check for transport. Travelling can become quite cumbersome without local transport in a city like Mumbai. It can also add to the overhead cost of an enterprise.
3. Time
You cannot buy time, but it definitely can save time. Not only yours but even your employees. There is so much on your plate as an entrepreneur, and if projects or tasks get delayed just because the employee turned up late to work due to heavy traffic, it can stress you up. If you are already living in Mumbai, you very well know how much time it takes to travel in an overpopulated city like this. It is why entrepreneurs are ready to pay more to buy property near railway lines and metros.
Conclusion
We hope that the outlined article will help you invest in the right commercial property in the suburb of financial capital. Chandak Group of Developers is providing such commercial office spaces in Andheri. Visit their website http://www.chandakgroup.com to know more.
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