Selection Criteria to invest in a commercial area
In this informative blog, we are going to talk about the Selection Criteria to invest in a commercial area in detail.Consultation prior to investment in real estate is a mandatory practice to follow religiously.
Here is the list of criterion heads, shortlisted by investment consultants at Property Naama Consultants. They are advised to consider before investing in commercial real estate.
Financial Ventures
Ideally, a top commercial area should be surrounded by an optimum level of economic activity. For Instance, in Karachi Pakistan, the area known as Clifton has noteworthy numbers of commercial sites such as retail shops, restaurants, and banks.
Easy Approachability as a Selection Criteria to invest in a commercial area
Approachability with ease is a top secret to making a site commercial hub. To give an example, the Gulberg area in Lahore is particularly known for its easy ingress from 360 locations.Its well-maintained roads and streamlined public transportation routes make it a win-win destination.
Divergence in Commercial Activity
A variety of businesses attracts multiple social class individuals, so, it should be the next notable feature of a commercial hub.To illustrate, the area of Liberty Market in Lahore is familiar with varied types of business places.
Elevated Prices of Commercial Property as a Selection Criteria to invest in a commercial area
Commercial property in demand is also another sign of an area with high commercial activity. As an illustration, the Blue area in the Capital City of Pakistan is a place of elevated rental and property values.
An area with high employment opportunity
As a rule of thumb, high business activity will ultimately create high employment opportunities. Similarly, this fact can be witnessed in the case of an area in Karachi.
Considering as an example, I.I. Chundrigar Road Karachi, which is a prime business district of the city of lights. A huge number of business offices and financial institutions are creating multiple jobs every year.
Infrastructural Development as a Selection Criteria to invest in a commercial area
Indeed, the existence of modern infrastructure like carpeted roads, and utilities serves the purpose of a magnet in business generation. Let’s talk about, DHA Defense Housing Authority (DHA) whereabouts.
These localities always have high business activity due to better infrastructure and other facilities around.
Mantra of Market Demand
Saddar area in Karachi and Anarkali area in Lahore: Both have an affluent history as well as crowded markets. They depict how important a role a market demand can play in business generation activity.
Support of City District Government
Better market policies and local municipal plans play a key role in business generation and its expansion. Likewise, City District Government business policies can also play an important role in leading business activities.
Law and order condition as a Selection Criteria to invest in a commercial area
Better law and order condition plays a key role in shortlisting the booming commercial hub of a city. Talking, for instance, areas like F-7 Islamabad are known for comparatively better security conditions.
Client Demographics
As business always revolves around people, therefore, for a better understanding of the business hub in the city considering demographics is crucial. If we talk about Tariq Road in Karachi city, it has varied brackets of clients and their business needs.
Areas in Islamabad according to Selection Criteria to invest in a commercial area
Following areas are on the top priority list for Commercial Investment in Islamabad City, if we scrutinize the different areas of Islamabad on the basis of above mentioned selection criteria.
- Blue Area Islamabad
- DHA Islamabad
- Gulberg Islamabad
- F-10 Islamabad
- F-7 Islamabad
- Faisal Hills Islamabad
Contact with Property Naama Group
If you have any queries about this topic or need any guidance about any real estate-related issue contact us.
Our Email address: Info@propertynaama.com
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Disclaimer:
The sole purpose of this blog is to save you from any future difficulty while dealing with property. Keep in mind the above information and share it with your friends and family circle.
Please note that the information provided in this blog post is for educational and awareness purposes only and should not be considered as professional advice.
We are not responsible for any investment decisions made by our clients or investors based on the information provided.
Our Consultants, highly recommend that you conduct your own research and seek the advice of a professional before making any investment decisions. Investing comes with risks, and it is essential to invest on your own responsibility.