5 Things to Know About Buying A Commercial Space in Noida
NOIDA tries to offer you the unrivaled amenities accessible in it. NOIDA has evolved as a planned, integrated, contemporary Industrial City, well connected to Delhi by a network of roads, national highways, and the ultra-modern DND flyover, giving inter-road links to other areas of the country. NOIDA, spread over 20,316 hectares and with several sectors fully developed, provides a pollution-free high level of life and a highly supportive industrial environment with its distinctive infrastructure giving various, unrivaled services.
One of the largest industrial cities in Asia is not far from Delhi, but far away from dust, dirt, and pollution. Noida is the country’s industrial wonderland. NOIDA is one of the largest planned industrial cities in Asia. Established in 1976, it aims to develop an integrated industrial city for industrial growth in the region. According to the Uttar Pradesh Industrial Zone Development Act, it better symbolizes the harmony between human habitat and industrial enterprises.
Owning a commercial place in NOIDA is always a great choice because it is just so magnificent. But do you know, there are few things which need to be taken care of before buying a commercial place in NOIDA?
- Location: –
The first important thing to consider while buying commercial land is the location. When there is a lot of circulation of crowd day in and day out near the area we are choosing to buy, the value of land automatically increases, and the prices are always high. Considering it as a one-time investment, if we buy land at such crowded places at high places, we can sell them at a high price too, in the future.
- Amenities: –
If you are planning to give that land on lease to any commercial constructions like malls or houses amenities should be checked. Are the power and water supply good? Is it near to metro? Are the malls, gyms, food courts, and theaters nearby? Are we in a crowded location?… Such things are to be taken care of.
- Quality-
The next one on the list is quality. One should ensure that the land is of good quality. Prior check for any big stones on the land is important. Because it takes additional cost for us to clear them in the long run. Check if the commercial land is even. If the land is uneven, it adds to additional costs on our wallet.
- Find a lender bank, thorough check the documentation and Insurance: –
Being economically stable is important. Make sure to have proper documents and rely on verified banks. Beware of fraudsters who give you ransom and charge double when their time comes. It is better to approach as many people as you can and know the market rate of that property. Don’t for taking insurance for the land you are going to buy.
- NOIDA toy park: –
The news of 134 companies investing in NOIDA’s toy park has become a hot topic. It gives employment to over 6000 people. Owning a piece of land near this toy park and giving it for residence, will be beneficial to the buyer. Buying a commercial office place in this area should be highly considered.
