Quoted as the next big IT hub by The Times of India, Mohali is emerged as an educational hub for students that welcome numerous multi-national companies and generating employment. While students here are on the lookout for flats for sale in mohali, investors are fetching for lucrative commercial spaces.
Thus, if you are planning to invest in a commercial space in Mohali, the following things should be kept in mind to make a wise and sensible decision:
Budget
The first and foremost thing that influences your real-estate investment is the amount of budget you are willing to spend. Finalizing your budget can be tricky as you would have to settle on an amount that will fetch you a property that fulfills all your requirements so that you neither have to splurge nor be close-fisted.
Location
Another aspect that you will be able to pay attention towards just after settling down on a budget plan is the location. If you are investing in real estate for commercial purposes you need to be extremely cautious regarding the location as the area should be well-known, reputable, easily accessible and safe. These factors will contribute to the value of your purchase and will yield you good returns in the future as well.
Infrastructure
Infrastructural facilities pay a major role in the day-to-day functioning of a commercial space. And no matter if you are buying the space as your own work space or planning to put it up for rent/lease you would surely need some basic infrastructural amenities like: water supply, electricity supply, proper sewage system, internet/connectivity range, etc.
These are some of the noteworthy things an investor should consider while buying a commercial space in Mohali.
