While investing in a property, an investor has to choose between commercial and residential properties. It becomes a critical decision for a potential investor as both come with their own set of pros and cons. While buying a commercial property one has to be clear and precise about every detail of the property including benefits, drawbacks, and risks associated with the property. Usually, business entrepreneurs, owners, or seasoned investors purchase a property.
Though Ravet is known as a premium residential area in Pune, in recent times, the locality has gained popularity due to its good connectivity with the other parts of the city including Sangvi, Chinchwad, Pimple Gurav, Bhosari, and Pimpri. This suburb area is strategically located in proximity to the Hinjewadi IT Park and Talegaon Chakan Maharashtra Industrial Development Corridor (MIDC). Hence, it is easily accessible for both the IT and automobile or manufacturing population who are working in this part of the city. Also, Mumbai- Pune Expressway is located two kilometers away from this suburb area providing a location advantage.
Ravet is also gaining popularity among investors due to expanding commercial as well as residential projects. Amazing weather conditions and growth opportunities for businesses have made this suburban area the first choice among potential investors. Urban Space Creators, well-known developers in PCMC, have launched Urban Skyline in Ravet. 2BHK spacious homes in the Urban skyline boasts of good connectivity and astounding amenities. The project offers a cocoon of tranquility and is just minutes away from Bangalore- Mumbai highway and Akurdi railway station.
The civic amenities have improved. The industrial growth and growth of the IT sector have led to the development of the retail and hospitality sectors in this area. Moreover, evolving start-up culture, numerous manufacturing industries, automobile industries have put Ravet in a position to attract working professionals, industrialists, and entrepreneurs. As a result, social infrastructure is growing creating job opportunities for both local and multinational vendors.
The main advantage of commercial properties is the constant cash flow, returns, longer lease terms, and higher rental yield. Longer lease terms guarantee lower vacancy rates and a higher guarantee of reliable cash flow. The value of commercial real estate depends on the revenue it generates. The Higher the revenue, the higher the resale value of the property. You can increase the value of the property by increasing the cash flow.