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Commercial Real Estate gains momentum moving towards tier-II cities like Mohali

The then smaller cities of India were turning into an attractive business prospect due to various factors like prime location, accessibility, improved infrastructure increased connectivity within the suburbs, and most importantly the skilled manpower who were seeking jobs. The Indian real estate had picked momentum up until the year 2019 when covid 19 hits, disrupting the entire world’s balance.

The scenario had changed completely after the covid 19 onslaughts. Bigger cities had witnessed considerable growth pre-covid. Due to high property prices and saturation along with subdued demand led investors were moving towards tier-II cities. The fast-growing infrastructure made it possible for the market to attract industries to settle here. Moreover, with the existing government schemes like GMADA, Smart Cities, and AMRUT the cities have been growing in demand. There has been a rising demand for these cities even before the covid 19 outbreak with people moving in from the metro city to the non-metro ones in search of opportunities. This demand will likely continue since people are returning back, trying to love close to their near loved ones at the same time looking for a window of opportunity. Even the NRIs and HNIs will most likely seek to invest in the commercial realty sector after things normalize.

The commercial real estate sector can thus expect higher rates of deliveries with a higher degree of optimism and professionalism as the unsold inventories are being booked by asset management firms and after the increase in surplus demand of residential properties. One of the prime reasons for this is the lowered rates of interest which will be the driving force making the commercial real estate sector an enticing prospect.

There are many reports which presented figures of rising real estate investments in tier II cities over 20% before the outbreak. This substantially shows the gain in momentum of demand for the tier-II cities. Additionally with the continuous infrastructural developments in the past have boosted the real estate demand in cities like Mohali. The new commercial projects in Mohali can turn out to be lucrative assets. The upcoming Commercial projects in Mohali will have new requirements following the needs of buyers in health and safety. VRS group is one of the most prominent Real Estate companies in Chandigarh that has also developed several Residential Flats in Chandigarh and Mohali.

A report of the real estate market states that nearly 12 percent of people in Delhi-NCR would invest in nearby cities like Jaipur, Mohali, and Chandigarh. The real estate in Mohali is all set to witness a new wave of efficiency with higher deliveries and possession. The increasing demand for residential projects in Mohali will surely boost sales for the commercial sector.

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Reasons to Invest in Real Estate projects in Mohali and Chandigarh during covid

The Coronavirus onslaught has changed the way we see our daily lives, the things of basic necessity we had taken for granted, and the perspective of the entire world. This had disrupted the world economy, travel, trade, and so on causing a ripple across the entire supply chain of the industries. The real estate Projects in Mohali and the real estate projects in Chandigarh were no exception. There has been a delay in the construction of various projects and flats in Chandigarh and across other places of India, problems due to the migration of labor, and other issues. But this adversity has allowed everyone to reinvent new strategies. As it was seen during the real estate crisis in India in the year 2008 after which the industry yielded a multi-fold return after the decade. Thus even today, in such an adverse situation several innovative developers based Chandigarh have introduced their upcoming projects in Mohali. So if you are looking for property to invest in for end-use as a long-term investment then you can consider investing with VRS group. Their latest projects incorporate everything you would need in a flexible, healthy-safe property. Here are some reasons to invest in a property in the year 2021:

The coronavirus outbreak has made the market essentially a buyer’s market. Additionally with the reduced Repo Rate has led to decreasing home loan rates. If you have enough liquidity to make an investment then you can choose from the dearth of options and might as well come across an alluring deal.

There has been a massive change in lifestyle after the outbreak. We have witnessed the advent of work from a home regime which has embraced the new normal. These changes have made it necessary to reinvent the workspaces ensuring a safe and healthy space. This had led to increasing demand for residential properties which in turn will boost the commercial sector too.

A well-thought investment can create a viable asset creation which can turn out to be a life-changing investment. There has also been a rise in optimism amongst people after the vaccination program had started. Other factors include the huge unsold inventory space.

We are at war with the virus and its uncertainty. This uncertainty has made us reflect on the true value of wealth and health which we had taken for granted. The risk of investing is apparent however the prevailing market conditions are lucrative and can be conducive for long-term asset creation. So if you are looking for upcoming projects in Chandigarh or Mohali you can invest with VRS Group.

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Invest with VRS Group’s GMADA Approved Projects in Mohali

As we are burgeoning in modernization with advancement in technology, the citizen is looking for Real Estate Company Chandigarh and other property near Chandigarh. Mohali has a dearth of amenities being well connected both internally and externally. The conveyance of Mohali makes it an ideal place for investment having excellent connectivity with other parts of the Tricity and other states. The presence of the International Airport has immensely contributed to the infrastructural development of Mohali. There has been an increasing demand for residential spaces even during the covid 19 outbreak. This is due to the rising needs of customers due to the advent of work from the home regime and the rising need for larger spaces. Due to the rising needs of the residential property, there will be a consequent positive effect on the sales of the commercial office spaces in Mohali.

With the added reforms by the government, Mohali can again rise to be transformed into a future IT hub. Mohali had undergone a radical transformation abounding in loads of luxuries and civic amenities especially after the boost of RS 25 crore by the PUEIP (Punjab Urban Environment Improvement Programme), Phase II. The added push for rural development catering to the urban needs of people under the PUEIP with the hope to transform Mohali. The real estate market has seen people moving towards the northern region. Before covid, Mohali had experienced accelerated growth in the real estate market. Mohali has done a good job of captivating people’s attention. SAS Nagar is one of the thriving spots of the Mohali Real Estate Market.

There are many affordable GMADA approved projects in Mohali like the Suntec City, an integrated township, and District One- a state-of-the-art commercial project in Mohali. These projects enjoy high football, situated in a prime location with maximum utilization of space with great architectural design. Moreover, Mohali is blessed with great weather located close to the foothill of the Shivalik Range. Mohali assures a serene environment with lush greenery, scenic lakes integrated with modern architectural establishments. Mohali boasts of great conveyance which makes the city a great choice for buyers.

Buying a property is one of the biggest decisions of an individual’s life and it is a financial outlay. Considering the market scenario if you have enough liquidity then you can look forward to making an informed decision for a long-term return.

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Re-organization of the Commercial Real Estate to Fight The Current COVID Scenario

The wrath of the Coronavirus has been devastating in contrast to the epidemics and pandemics, the economic blip over the past century. However, there has been a new trend with regards to commercial real estate as an outcome of the Coronavirus outbreak. There has been robust creditworthiness of tenants with a majority of IT ventures renewing the contracts. Moreover, there has been a new introduction of innovative flexible leasing models. Additionally, the way things used to work in commercial space has been redesigned with abrupt changes in the way work was done. There has been a push for mass remote working practices with a complete reorganization in lifestyle. These converging factors have influenced the behavior of the entire market developing new implications for Commercial real estate. The country must prepare for and shape the new normal.

The world was remade after the Coronavirus outbreak. This is true for the Real estate players as well. This paved a way for the CRE to reassess their business expectations, identify and resolve the current business threats. The companies have started to deal with the present scenario, managing continuity and improving liquidity management. The market has also evaluated the need to improve the operations and tenant support. More so with the advent of remote working and technology used since the covid outbreak.

Moreover, the real estate market has emerged stronger than in the pre-COVID period. There has been a key change in the trends for commercial real estate as a consequence of the covid outbreak. The new-age Commercial Real Estate market has redesigned and organized its operational strategy.

The reentry to the physical spaces

As the world prepares to recover and return to live a normal life, Commercial Real Estate must implement effective plans to transition back into physical spaces. The Commercial Real Estate developers must readjust their physical spaces like offices, retail spaces, commercial venture assets to fit in with the latest guidelines and while keeping in mind buyers-tenant's requirements/preferences around various security and health safety factors. The return to the physical spaces will be leaded by various reasons altogether. One of the key real estate companies in Chandigarh that is offering such features is the VRS Group. They have now come up with a new commercial project in Mohali and residential flats in Chandigarh. The properties developed caters to the current requirement of the market. The increase in demand and supply for the residential projects in Mohali will surely benefit the upcoming Commercial projects in Mohali. This trend is true for all the leading cities of the country.

We will now explore how the CRE has redesigned itself to curb the covid disaster

Promotion of wellbeing and technology use

The pandemic has given the market an opportunity to reassess the operational procedure, a reevaluation of the strategy. The world was not used to or either well prepared for this new way of, ‘Remote working’. There has been an increase in investment by companies across the spectrum towards technology and tools that enhance the virtual working environment. This has promoted the well-being of the employees. Moreover, increased technology usage has helped in automation and in making informed decisions which have been driving efficiency, enhancing the skills of the workers.

Improved cybersecurity measures and data privacy efforts

With the advent of technology, the usage of analytical tools and techniques has helped originations to improve their business. However, this also creates more concerns for privacy breaches in data and security. Thus Commercial real estate ventures must enhance cybersecurity to strengthen privacy measures.

The shift towards tenant engagement and preferences. Focus on Liquidity and capital management

With the rising risks in liquidity, there has been a continual need for the companies to preserve liquidity, reducing the fixed costs and exploring other refinancing options for capital management.

Continuity in business and enhanced disaster recovery strategy

The pandemic has exposed the company’s preparedness for disaster. It is well evident that most of the companies in and around India were not prepared in response to a disaster and in this case pandemic. It also shows the lack of equipment for employees to work remotely from the convenience of their homes. This has made several companies around the globe aware of the need to react and respond to the pandemic while coming up with a robust disaster management strategy and recovery plans. This will surely help businesses to maintain business continuity in the future.

Thus it is seen that there is a clear shift in the workplace behavior post covid. This pandemic has given companies an opportunity to re-evaluate and redesign their strategy creating new safe experiences for the employees.

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Post-Covid effects on the Real Estate Market

The second wave of Covid 19 has yet again disrupted the supply chain of the global market. As far as the realty sector in India is concerned, the recovery of realty estate which was beginning to show signs of recovery has derailed from the path. Property experts say that property sales in the realty sector have decreased since April. However, this situation could have an adverse effect on the realty sector in India if the number of cases of infections is not sustained. As India continues with its vaccination drive, there is a positive impact of the program on real estate. With the impact, today the real estate executives are facing a tough time marinating their liquidity and the value of keeping their tenants with proper safety measures. The tenants are also burdened with the deferment they might face or lapse in their lease payments due to liquidity pressure. The market is expected to pick up its pace in the transaction volume when it enters the recovery phase.

Sources from Knight Frank's global survey reports that occupiers are looking for offices to increase employee wellbeing, collaboration as well as talent attraction. The Indian corporates can expect the pandemic to influence the strategy of the realty sector in the next three years. This can be a good opportunity for occupants interested in Commercial office spaces in Mohali.

The market looked strong with good leasing activity and availability of capital before the pandemic arrived. However, executives of real estate are now identifying the best way possible to recover the losses they have incurred with the opportunities coming into their way and the availability of capital. It is important to create a mix into their management dimension to tackle this situation of crisis. The people and tenant’s safety is of utmost importance for the real estate executives and the short-term need must be met. The real estate must thrive upon the remote working processes.

We Have witnessed the blessing digitalization has been in this situation. The effective strategy in decision-making responsibility- “work from home”, has brought into light new efficient ways of working. Digitalization has paved the way for remote working during the global pandemic. This has lead organizations to shift and implement new strategies implementing digitalization. Multiple revenue targets have been met in the trade and commerce.

Observing the current trends of buyers in the supply chain of the realty sector, the demand for real estate property may decrease as well. Moreover, in spite of India’s apex bank's decision to maintain a status quo on the policy rates as of 7th April, banks like SBI decided to increase the home loan interest rates. However, as India continues with its vaccination drive, there is a positive impact of the inoculation program that will be evident on the real estate sector. The economy can expect some recovery this year. According to the Indian Brand Equity Foundation (IBEF), Indian real estate is expected to reach USD 1 trillion by the year 2030 and will contribute to 13% of the GDP of the country by the end of 2025. The residential sector is expected to grow under the PMAY scheme of the government with an FDI of up to 100% for township and settlement projects by the government. Thus growth can be expected in the demand for commercial-office space due to the suspected rise in the residential housing units.

Even though the impact of covid 19 on the realty sector in 2019-20 was devastating, 2021 presents optimism and hope for better days leading to recovery. The rising demand for residential properties can be seen as a result. Thus if you are looking for property near Chandigarh then the residential flats in Mohali developed by the VRS Group can be the right choice for you. VRS is a renowned realty developer who has developed several sustainable GMADA approved projects in Mohali and Chandigarh.

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The latest real estate trend- Low Density Housing

Most of the real estate trends arise due to the constant demand of people for improved, better residential places creating an entirely different type of housing. Soon after the outbreak of the Novel Coronavirus pandemic, the housing demand trend has seen a gradual shift giving rise to low-density properties mostly in major metropolitans including Mohali and Chandigarh. The real estate companies in Chandigarh will now try to accede to the demand of these low-density residencies. Recently, GMADA had also approved low-density real estate projects in Mohali.

What is Low-density Housing?

Low-Density Housing can be described as housing with a particularly low number of housing units on any residential block or if otherwise stated it can be described as the less number of families per amount of a given space in housing space. Here a sense of non-intrusiveness and spaciousness are the main key elements that define the motto of the project. The rising demand for low-density homes is mainly due to the desire of prospective buyers to find a balance between a metropolitan city and a very small town as it directly means less crowding, fewer automobiles, more space, and a clean healthier surrounding. The spread of covid-19 is yet another reason why people are seeking to settle in low-density residencies.

What are the problems associated with high-density housing?

It is almost impossible to find solace amidst the rush in the daily life of the metropolitan city. Overcrowding, lack of housing spaces, and rapid urbanization have led to an obstruction to privacy and personal space. This is one of the reasons why people try finding an escape from the rush once in a while in the form of weekend getaways. Also, as we have seen during the outbreak of pandemic initially that in high-density areas the spread of the virus was more prevalent as a result of which soon after the pandemic there has been a rise in demand for the low-density housings.

Since due to rapid growth and urbanization the cities are getting denser and crowded people are shifting towards low-density residences for a more spacious and peaceful living. The upcoming projects in Chandigarh and upcoming projects in Mohali are going to offer just that, which means that with low-density housing there will be a greater share of amenities and more open spaces per resident.

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Why you should invest in the upcoming commercial real estate?

Real estate comes with associated risk and a reward. This balance of risk and reward must be always kept in mind particularly when investing in an upcoming commercial property in Chandigarh or Mohali. Generally known to be alluring and lucrative, the commercial real estate market is very desirable mostly due to its cash flow, appreciation, and growth over time since it is stable. There are many commercial real estate companies but one of the most reliable real estate companies in Chandigarh is the VRS Group whose upcoming commercial projects in Mohali can bring your investment goals to reality so that it becomes a stable source of income for a distinctive future.

The reason why you must invest in commercial real estate are as follows:

It can ensure long term cash flow and can bring diversification to your portfolio

Commercial properties can be turned into a lucrative source of income and can also act as a long-term safety net with respect to your other investments which carries a higher probability of risk. It can serve as long-term financial security, however, it would be wise not to expect indefinite exponential growth.

Tax Benefits

Huge tax benefits is one of the most sought incentives to invest in a commercial property. An investor can save on taxes in multiple ways like by depreciating the value of the property, huge tax can be saved on the income.

Hedge against inflation

An economy is dynamic in nature and it often undergoes inflation in such given case rates of goods and services rise. By putting the money in a commercial property you can get huge benefits due to inflation. By an increase in the real estate rate at a mere higher rate than inflation, the investor can get protection against inflation which significantly adds to the growth.

Investment in a new commercial project in Mohali will be far more ideal than investing in a residential property. Moreover, investment in commercial real estate reaps higher cash flow on a monthly basis which can be relied upon in the long term if management is done right. Cash flow will be higher than what you would get from a single reality when it comes to the physical size of the property. Also, the time span of leases here is more extensive than the residential one. So if you are keen to bring diversity to your investment portfolio invested in commercial real estate now for a better distinctive future.

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The rise of real estate in tier 2 markets of the Tricity

Lately, the tier II and tier III cities have witnessed an advent in the real estate market emerging as the hottest potential investment destinations in India. Mohali and Chandigarh are one of such cities which has now transformed into mega growth center where big real estate company in Chandigarh and Mohali are now capitalizing on the opportunity bringing in subsequent infrastructural growth at a rapid rate. The history of Punjab is a testimony to the fact that Punjab has been a land of opportunities and the Tricity is living proof in itself.

With the increase in the number of NRIs and expatriates showing their interest in the real estate market, there has been an expansion and growth in the real estate market providing gainful investment options. It has led to the expansion of inward remittances by the state and these remittances are used to create an asset. The rising aspiration of the NRIs in this market and the market itself influenced by the foreign culture has led to the growth of integrated societies, modern apartments, and modern commercial hotspots. With time, living in these modern-urban structures has become a statement of distinctive living.  The upcoming commercial projects in Mohali and commercial property in Chandigarh carry the influence and inspiration from the west aiming to deliver alluring lifestyles and opportunities within our country.

The new commercial project in Mohali has become a prime choice of investors with their sharp increase in areas like SAS Nagar, 3B-II, Phase V, and VI. The heavy football and affordability with terms to the feature makes commercial realty hold scope for both appreciations in capital and also through regular income through monthly rentals. The advent of top-notch professional and educational institutes, shopping centers, and entertainment zones has brought an increase in demand in the real estate market in both residential and commercial spaces. There has also been an increase in demand for rental shops, office, and retail spaces.

Also with the reforms in the realty sector and the initiatives of the government, these tier-II cities are turning out to be one of the most desirable locations and since people are now looking for better job opportunities leading and a better life, this led to the ultimate rise in demand of the residential accommodation. This is perhaps the best time to invest here.

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The Perks of investing in a commercial real estate in Mohali

If you find yourself wondering why to even invest in the real estate market, then the answer is straightforward and simple. It is mainly due to the perks in the long run as it can help achieve financial independence. It has been clear time and again that the benefits of commercial real estate are rewarding.

Real estate is a tangible asset that comes with many beneficial aspects with a high potential yield if done right. Even in this subject, the market is prone to risks as it is not immune to economic changes such as inflation. However, these risks can be mitigated thereby achieving higher turnouts with safer investments. So if you are looking for commercial property near Chandigarh you can opt for investment in Mohali as it will make good returns on investment. Since location greatly affects the growth of the business the strategic location of the commercial office space in Mohali is crucial. If the office space is easily accessible then it will increase the workflow of the company. There are many GMADA approved projects in Mohali that offer high football, such as the one from the VRS Group. The projects form VRS offer perfect office spaces with high-end amenities and features at hand.

The benefits of investing in commercial real estate are as follows:

• Potential Returns in investment:

The probability of high returns in investment is what makes commercial real estate a strong investment option. Investment in Commercial real estate fetches far higher returns over time than other assets. Since Mohali has been gaining quite a lot of momentum in recent years, this makes investment in a commercial estate safe and profitable.

• Equity:

The commercial estate is a long-term investment and can achieve good steady heights if done right with proper management. Equity refers to the amount that an investor has made up in an asset over time. Investors can build equity pretty fast by investing in commercial real estate. The benefit will be even more as the property appreciates its value.

• Cash Flow and Tax Benefits:

Commercial real estate provides long-term steady cash flow as you might as well generate monthly rental income. And with depreciation, you can reduce the total tax burden significantly.

• Diversification in an investment portfolio:

An investment in such a type of asset can help achieve higher turnouts as diversification can help boost the portfolio.

The high probability of potential turnover and strong performance of this segment in the market is what makes investment in commercial property in Mohali a strong investment.

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Commercial office space in Mohali for sale by VRS Group

With Mohali pegged as one of the fastest booming investment destinations the workforce is rising. The superfluity of the companies mushrooming around the city is a testament to its massive growth. The commercial property in Mohali abounds in huge numbers with the rising demand of people for property near Chandigarh. Mohali houses many IT companies and big MNCs. Some of the best, well-developed GMADA approved projects in Mohali provide lucrative scope for investment in a commercial office space in Mohali. Moreover, Mohali is a house to the big IT companies who have moved in to capitalize on the opportunity.

One of the examples is the District One project by the VRS Group. It sprawls along an area of about 4.05 acres. This coveted commercial property offers double-story bay shops, four-story SCO Sites, a food hub and convenience market, and high-end retail with a factory outlet. Situated in a prime location- the dividing road of sectors 67 & 68, right between Airport road and Municipal Corporation, District One offers all that you would need in an ideal commercial property.

District One is located at an advantageous location ensuring a robust cash flow, commercial leasing, and high scope for rental income.  It fulfills all the requirements from having the picturesque infrastructure to conveyance, accessibility to the dearth of amenities and facilities, this project has it all.  The city of Mohali is well connected to the other prime locations which makes it an ideal asset for commercial property investment.

It is always advised to invest in properties that offer great amenities and facilities at the price point. Just a prime location is not enough to help you fetch higher returns. District One by VRS Group is sure to help you attain good business exposure with its unparalleled design and planning. This project is sure to fetch good tenant retention, along with higher rent and capital appreciation. This makes it a very coveted investment in real estate.

District One by VRS Group presents a unique opportunity for creating a revenue-generating real estate asset in the prime location of Mohali. To get a quote and for more information visit vrsventures.com

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Live A Hassle-Free Life At Luxurious Apartments Crafted By VRS Builders And Promoters

Owning a property in Mohali with VRS Builders and Promoters comes with numerous advantages as one of the key advantages of an apartment is the security of your family. Conveniences such as power and water backup, uninterrupted supply of cooking gas would help you to live a hassle-free life. VRS Builders and Promoters is known as one of the top construction companies in India. Over the period of time, the group has delivered a number of projects that have set a standard for the entire Indian real estate market. 3 BHK Flats in Mohali, offered by VRS Builders and Promoters are a perfect balance of architecture and style. The apartment’s interior and exterior are beautifully designed keeping in mind, all the modern-day requirements of home buyers.

Buy Luxury Apartment At A Reasonable Price

For most people buying a house is the most expensive purchase they will ever make in their lives.  There are government programs that help people get into houses without a lot of money, but houses are still expensive.  Several individuals consider buying luxury apartments in Mohali is not within the realm of possibility, because of the costs associated with houses and life in general.  Property Sector is an incredible way to build wealth, thanks to the ability to buy real estate below market value. People with a modest salary can buy luxury apartments in Mohali if they make some sacrifices and plan their real estate purchases well.  Before you get to a place for buying 3 BHK flat in Mohali, it will take time and hard work. But now, it is not difficult anymore to buy 3BHK flats in Mohali due to the budget problem. VRS Builders and Promoters provides a wide range of luxury apartments in Mohali equipped with modern amenities at a reasonable cost so that people can own their dream house without making much effort.  

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Why should you invest in commercial property in Mohali? Reasons why it is safe to invest in real estate, Mohali

Higher returns on investment and growth probability- If you are seeking to invest a good handsome amount of capital in a property near Chandigarh like Mohali then you must ensure that it makes good positive returns on investment. Even though Mohali is a promising destination for investment, you cannot hope to gamble with such a big sum and end up making a bad investment. The cost of some properties appreciate and some do not, this is due to the location, the utilities it offers its design, and appeal to name some of the factors.  So one must, however, conduct thorough research before investing. The investor should also take into consideration the lessee, the rental prospects of the given property. This ensures the best and stable way of recovering your investment from a commercial property.

Source of steady income- Investing in commercial property at a just location offers you better appreciation in the long term. Also, you can get good steady rental returns. If you have put your money in the commercial property primarily for investment purposes then choosing the right location and deciding on the types of spaces in demand will make the most significant difference. A good investment with locational benefits can help you make the cost of investment in just the half time than the time needed to raise that sum with rental returns. 

Better liquidity- Liquidity directly depends on the location of the property. This is solely due to the high demand for the property in that given area with good conveyance and vicinity to amenities.

A wide range of options to choose from- With high competition in the market you get a wide range of choices in design and location.

You can find many investment-worthy commercial properties in Mohali. District One by VRS group can be the right choice for you and offers great social amenities that can take your business to new heights. VRS is a RERA certified realty developer who has laid many flats in Mohali as well as many residential flats in Chandigarh.  

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The Shift in the realty market with the commercial office spaces in Mohali gaining traction

Witnessing massive growth, Mohali in Chandigarh has become one of the most significant destinations for investment. Chandigarh has already shown a positive sentiment as far as economic growth is concerned. Various real estate companies in Chandigarh have already reaped the benefits. Commercial property in Chandigarh presents a great prospect for investment being a city with one of the highest per capita incomes in the country. However, Mohali, a satellite city lying southwest of Chandigarh has emerged to be one of the most important cities in Punjab. This planned city has a lot to offer which has been vital in the growth of the real estate segment.

Smart city initiative- With the continual efforts and initiatives of the state government like the Smart City Mission, Housing for all by 2022, and the GMADA (Greater Mohali Area Development), Mohali has witnessed rapid urbanization and growth potential. You are offered ample opportunities and choices for commercial investment with GMADA approved projects in Mohali. District One is an upcoming state-of-the-art project that offers commercial office spaces in Mohali.

Influx of IT industries- It has become a commercial hub for investors, companies and investors are putting their money in the market. With ample land parcels and marvelous infrastructures, Mohali has become an ideal destination embarking the attention of investors. This presents plenty of job offers for the population and with Ghar Ghar Naukri by the government, the prospects become even better.

Urbanization and overall growth- The economic growth has led to the overall growth of the realty market in Mohali with commercial properties luring a good amount of traction.  

Demand in the housing sector- the flourishing commercial sector has led to the growth in residential properties. With governments support various housing schemes by GMADA helps meet the needs of housing demand in the city.

Infrastructure- Enjoying an advantageous location Mohali offers great connectivity and bustling infrastructural facilities. It abounds in educational institutions with all kinds of other various important social amenities needed to lead a quality life.

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Mistakes to avoid while buying residential projects in Mohali

So, you have worked hard for years and years now to be able to purchase your dream home in Mohali or are looking for flats in Chandigarh. But you deign and end up living with desolation in your home as it did not turn out as you expected it to be. If you are in this state, disarrayed with a year of ending up like this then this blog is to ameliorate your far. There are just a few aspects that you should never miss your notice. Luckily, one might as well get just the right location for living considering the relative closeness to the office or workplace, ease of availability of transportation in that area, amenities such as food palaces, educational institutions, medical care centers and others keeping in mind your as well as your family’s needs in hope of having an ideal, perfect home. But most of the times, in pursuit of perfection and sheer excitement of getting the keys of your dream home in your hands can make you commit quite a number of such an irreparable mistakes which you might regret later.

So, we present before you some of the most common blunders that you can and should avoid to experience a blissful, happy life.

·      Miscalculation of the finances

              If you are looking for residential projects in Mohali and have planned to take a home loan then making a fair assumption or calculation of the monthly income would be the smartest choice for a well prepared buyer. This marks as the most vital step in purchasing a residential apartment.  Often interested buyers commit the mistake of purchasing such a place which makes them burden with a lifetime of heavy monthly EMIs, adding an extra dent in the pocket with the additional costs of insurance and taxes. One can easily avoid this by getting a clear idea of what you want with careful panning and calculation. Check if what you are seeking to invest in is even worth the price point or if that is what you are looking for. Avoid being in this situation by carefully planning a budget, fixing it and then sticking to it.

·      Overlooking documentation of all sorts viz paperwork, legal verification of land paper, approvals and so on

             Authenticity and documentation is also undeniably one of the most chief factor that comes to play while purchasing a property. If this is overlooked one might end up losing everything, both their hard earned money and the property itself. So needless to say, make sure to check if the documents of the property are even legal, authentic and up to date. If you are opting for home loan the bank itself upon approval from the bank, the bank checks all the parameters, documents, certificates. It is even better if the approval is from a nation Nationalized Bank. You might as well consider handing it over to your legal consultant for a thorough verification check just to be sure and to be in the safe side.

·      Lack of research about the realty developer and the background of the builder i.e. Builder’s Reputation

              In this modern era of tech and advancement, even though you can do a quick “Google Search” about the company, inside out finding about its whereabouts, it is always advisable to do an in person field check.  As we have all heard seeing is believing, see for yourself by visiting the area of the development to get an idea if you are really paying for what you truly desire. Talk to the residents who have purchased the older projects, asking about the whereabouts of the projects is always a good idea. It would not hurt doing some field research, after all it is the matter of your dream home, make no mistakes. It is always natural and safe to purchase to purchase from a reputed, skillful builder with experience and a good track record of the previous projects. You must also preferably buy properties from RERA Certified companies. As per the RERA (Real Estate Regulatory Authority) Certification, a builder is expected to register the project under the board. This ensures customers protection against fraud throughout the period of development of the project. So, a company certified under RERA leads to formulation of a system wherein projects delays, costs, quality and other such related aspects are dealt with transparency.  Also be sure to check whether the developer is over leveraged or not. Builders who are financially strong and able ensure timely completion of the project within the given time frame. For other details about the company, you should directly contact the concerned office for more transparency and other details.

·      Ignoring and overlooking other norms of RERA

             RERA binds all the commercial and residential real estate projects with land over 500 square meters or projects with eight apartments to register with the Real Estate Regulatory Authority for even launching that project. The agent or the builder’s registration is mandatory as well which ensures that there be no unfair trade means, aiding you in identifying frauds.  As mentioned earlier there are many benefits of RERA Certified projects. Suppose if you are looking or are prospecting to invest in an upcoming project in Mohali and if the promoter fails to produce the possession on time then that company is liable to pay you the entire amount back if you wish to leave and cut the deal of agreement. If you wish to stay then the builder has to pay you interest for every month of delay till the possession is fully furbished and produced to you.  

·      Blindly relying on the Promoter/ Real estate agent/ Broker

While prospecting for a RERA Certified project does save you from some risks, for things to work completely for your advantage NEVER blindly trust the agent. Rather do your own research. It is likely and obvious that the agent is direly seeking cessation of the deal, being persuasive, confounding you with the glittering facilities and perks.  Most often the broker can themselves be an agent of the company who is developing the plot, looking for ways to close the deal.

So, while taking the suggestion/ advice of the real estate broker do not be completely dependent or be lured away by what they are selling.

·      Dearth of research and study about the market itself

The real estate market’s dynamics keeps on varying.  Before investing all of your hard earned money over the years onto a property that you have been eyeing for so long now, see if it is even the right time for making the investment or not. Research not only about the dynamics but also about the various aspects of the project from previous ownership, type to the background of the developer. A thorough research about these aspects of our dream home would surely turn out to be worth the effort.  

·      Overlooking associated hidden costs

Check if the given price lost by the builder marks the additional hidden costs which might be levied while handing over the apartment. It is probable that the builder will throw in some extra charges where you might be running on a fixed tight budget. The extra charges can be imposed on the given things:

» Plumbing Cost

» Wiring Cost

» Maintenance Fees

» Transformer

» Funds for Association

»Property Tax

»Club House Charges

»Water and Electricity utility supply charges

»Other legal charges

 A prospective buyer will always diligently study all the factors before making an investment. But the real estate market is prone to risks and people make mistakes. It is also certain that these mistakes will cost you a lot of money. However these mistakes can be avoided by keeping in mind the above explained aspects to avoid a bad investment and to embrace a luxurious life in your dream home.

If you are looking for real estate projects in Mohali integrated with dynamic lifestyle but are still confused then the projects from the VRS Group are the best for you. Every project crafted so far has been made keeping in mind the needs and aspirations of the customers ensuring utmost satisfaction, bringing dream homes into reality since its inception. VRS is a trusted RERA Certified company who has brought many dreams into reality giving their customers the dream home they wished for. VRS is also one of the leading real estate company in Chandigarh with years of expertise in the real estate market.

For more details about your dream home visit vrsventures.com.

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An Investment in the upcoming projects in Mohali for a hassle free tomorrow

A timely investment today in Mohali can ensure timely growth. An investment should not be a tricky one and if done correctly mitigating the errors, can turn out to be the easiest way to ensure great returns. In the modern world with rising expectations and standard, people are seeking ways to invest in quest of making their post retirement life comfortable. Most of the people prefer putting their money in banks, stocks, funds or ornaments, while on the other hand some choose to invest in commercial property in the real estate niche. A well timed decision done today to invest in the upcoming commercial projects in Mohali or in the upcoming projects in Chandigarh is profitable making the investment valuable. Mohali is without a doubt the most preferred choice being the residential focal point for people in and around the Tri-City. VRS Group is coming with its commercial and residential projects, out of which the District 7 and LA Canela are the most prominent projects. The just price and pristine location is sure to gain exposure in future which makes investment with VRS Group the right choice.

VRS’s latest project District 7 and LA Canela, will surely add value to your venture ensuring a future full of great return. Various industries and booming IT companies have ensured whooping growth for Mohali. This in turn attracts the professionals already working in the area which facilitates demand of housing projects.

Such locational benefits can turn to be a really great prospect and hence increases the likelihood of good returns. So if you are looking for upcoming projects to invest in, the search ends here with VRS Group.

VRS has delivered high quality standard projects with its innovation and years of expertise in the realty sector. VRS has in fact built homes that add value to people’s life without any compromise in quality standards, bringing dreams to life. Their approach of single mindedness has made sure every conveniences and comfort of their clients get fulfilled. This assurance, reliability in the work has made VRS one of the leading real estate companies in Chandigarh.  

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Why to go for investment in the upcoming commercial projects in Mohali?

Chandigarh has always been on the top list of everybody and is a major hub of settlement. It has always been a center of attraction for real estate developers because of the beautiful ambiance, lush greenery which proves to be a great workplace for the workers too. It also offers employment opportunities with a number of global technology giants moving in this city. People from all over the country have been seeking to settle in this city. Chandigarh offers a wide opportunities for everybody. Being loaded with all state of art amenities, Chandigarh is one of the wealthiest place in the country. It has a high quotient living standard with almost everything one might need to settle in the ideal city. It is also known to be as the first planned city of India. But if you are looking for upcoming projects in Chandigarh then you can consider Mohali as an alternative which has already embarked the attention of builders and investors. Mohali has a growing retail market with magnificent infrastructural facilities. It has become one of the hottest selling cites.

In this blog, we will talk about why Mohali is ideal for you and also about some of the things a purchaser ought to keep in mind before purchasing any property.

As we already know purchasing a commercial property is often a tough task. Even though investing in real estate has proved to be highly desirable and a profitable decision, but it has a lot of associated risks. A land is a rare asset and it cannot be produced instantly in the blink of an eye. The supply of land is quite high, limited due to a lot of investors and homebuyers alike are competing to buy a property or plot. Real estate investments do offer a good high value risk return but the risks involved are too high which you can mitigate using your experience making the investment less risky. Important factors which make real estate investments less risky are as follows:

1)     Geographical area- One needs to make sure that the location of the property comprises of plenty of amenities and resources along with less mortgage rates. Any property with higher inflation rates needs to be looked after prior making an investment. The best thing about Mohali is that it boasts about great connectivity and conveyance, and a property can be procured with a nominal budget. Mohali has direct connectivity to cities like Ludhiana, Chandigarh, Ropar, and Himachal Pradesh, so on. Its close proximity to Chandigarh makes it the second best option for commercial and residential sector. Mohali is well connected internally with an active roadway network which includes about 52 kilometers of National Highway and 1272 kilometers of state highways. Moreover, Mohali has all the amenities making it an ideal place. About 260 acres of land has been allocated for the establishment of hospitals and medical healthcare centers.

2)     Market Behavior- Recent market behaviors suggests Mohali to be a preferable place for investment. Since the advent of the leading IT companies and other global giants here, there has been a rise in demand in the market for properties. Since the population is rising and a lot of major companies are settling in, Mohali is rising high on demand for ventures. Recent market behavior shows a good history of land appreciation as this city is rapidly developing making investments here to be safer and less prone to risks.

3)      Population density of the area- A large number of people reside here in Mohali and the population here has been rising owing to its rapid growth in terms of opportunities and employment.

4)     Lower inflation rate

5)     Area Value

With these basic things in mind if you are planning to invest in upcoming commercial projects in Mohali then you should do it without hesitating as this sector is always growing. You can safely trust VRS Group for this purpose because with their years of experience in this business they can provide you with advanced modern projects so you can make the most out of your ventures. VRS Group values your needs and so their upcoming projects- District one, Suntec city, La Canela among the others can cater to all the criteria of a potential investor. VRS Group is one of the most prominent real estate companies in Chandigarh. Each and every project is RERA certified which gives you yet another reason to trust this community. So don’t miss out an opportunity of investment and for any more information about the upcoming projects visit our website vrsventures.com

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Make the best out of the Commercial projects in Mohali

While the working class has gained from the vast employment opportunities that Mohali presents, the business class has been reaping profits by investing in commercial office spaces in Mohali. With Mohali developing at a rapid pace to be known as one of the fastest growing cities. It has emerged to be one of the foremost necessary cities of Punjab and also of the entire Northern India. It has grown rapidly thanks to the advent of the IT companies and the special efforts made by the authorities of Punjab to make this city one of the most desirable place to live in. This city has a lot of offer as far as commercial ventures are concerned first and foremost due to the support of the state, a literate population with high living quotient and most importantly due to its unmatched connectivity with plethora of amenities and facilities.

Following the footsteps of Chandigarh, SAS Nagar - Sahibzada Ajit Singh Nagar, Mohali was planned equally in the Chandigarh’s sector layout. Even the commercial property in Chandigarh at present offers several benefits but the prices of the property have hiked due to the increasing demand in the already developed city. But investors and buyers need to make a clever choice as a result of which so many entrepreneurs are now looking forward to set up their business in Mohali. A good population density marks as an advantageous aspect for business. Mohali is already nursing several state local corporations along with a lot of big globally renowned companies making its name big as an IT hub.

When putting the money in commercial projects location is one of the most prime and ruling factor. It is a wise decision to invest in a prime location to enjoy and reap the most out of investing in the property. It is obvious and desirable that by investing in a commercial property it would be a natural desirable to look for location where the property is easily accessible and visible.  There are a lot of associated reasons for this.  Suppose you are in need of some money as a loan from the bank then the bank will easily provide you a large sum just because of the location because the chances of capital losses are less likely. So the property needs to be strategically located keeping in mind the visibility and ease of access.

People opting to buy a commercial property will want good profit turnovers and expected cash flow. Certain decisions can offer you a security of avoiding risks even if things go otherwise in the venture. Certain builders and companies offer great offers in property buying. If you are seeking great benefits and profit out of your investment then you should look for GMADA approved projects in Mohali. Buying GMADA approved plots will give you additional perks. GMADA – Greater Mohali Area Development Authority is an undertaking initiative by the government which ensure growth and support through various schemes which aid in meeting the demands of the town. The land owner buying GMADA approved plots will be given the benefits which they can be applied jointly or independently by owners.

Selecting to invest in an office space in Mohali is a practical and smart choice taking into consideration its lower inflation and a probability of land appreciation. This place offers you all that you need from an ideal location from a tranquil setting to well-connected roads to a loads of amenities nearby and a great lifestyle are some of the things you can expect when you first settle in this city.

You must check out the commercial projects delivered by VRS group as they ought to be the right choice of investment for you. The commercial projects are strategically planed keeping in mind all the needs of the customer so that they can make the most out of the business without even having to worry about the location and accessibility. VRS Group’s projects offer modern infrastructure with picturesque interiors providing the luxury you need and marking the lifestyle to be more distinctive. VRS is one of the most trusted real estate company in Chandigarh and is a RERA certified company which offers GMADA approved projects which gives you yet another reason to invest in it. For more information about your dream commercial project visit vrsventures.com.