There are over 70% investors in India who expect improvement in sales in this year. The Indian market seemed to have witnessed a revival in 2016 and Mumbai turned out to be the most sought-after investment destination for investors. There has been an equal demand for commercial properties.
Rich investors in India have switched to buying commercial property instead of housing in the past few years which has followed the drop in residential property rates in major Indian cities. Commercial property comes as a great option where investors can rent out their offices and shops to several businesses and have a continued source of income in the form of rentals.
Builders and developers too are constructing commercial spaces in an attempt to venture the commercial real estate in an effort to respond to the rising demand. Commercial properties in the vicinities of residential properties can do exceptionally well in the real estate because people love to have the convenience of having their workplaces and leisure activities within the vicinity of their homes. This is due to the high amount of traffic in big cities and overly crowded public transport.
Hiranandani Communities builds townships with these requirements in mind. They aim to establish community living in the philosophy of Live, Work and Play. They build these communities with a good balance of residential and commercial spaces.
Hiranandani Builders have been known for their previous project in Thane and Powai. Their new commercial and housing projects are under construction in Alibaug, Panvel and Chennai.