Pune is a bustling city in the state of Maharashtra and has made a name for itself among the major cities of the country. Pune has grown significantly as a business hub in recent decades and has broken into the list of the most desirable cities for conducting business.
In the previous blog, we covered the things you need to know before you buy a showroom in Pune; here, we will go over why you should buy a showroom in Pune, what are the different options you have available when buying a showroom, and what are the best areas to buy a showroom in Pune. Without wasting any more of your time, let us get started!
Why should you buy a showroom in Pune?
A commercial showroom is a type of commercial real estate investment in retail. Commercial showrooms allow your customers to have an extensive experience while shopping and give them an idea about your brand.
Investing in a showroom in Pune has various benefits if you select the right location [which we will get into later], infrastructure, layout, and size of the showroom. The following are some of the major benefits of buying a showroom in Pune:
Connectivity and visibility
When you are investing in a showroom for business purposes, the right amount of connectivity and visibility can work wonders in boosting your sales. Pune is connected with some of the major cities like Mumbai and Bangalore through highways, which improves your business’s visibility.
Moreover, the city has one major and some minor railway stations that increase its connectivity with many cities.
Profitable business opportunities
With the rise of many businesses in Pune, it is becoming a competitive commercial space. Nevertheless, the city is growing by the day. Meaning you get many opportunities for your business to grow in a healthy competitive environment when you buy a showroom in Pune.
This is much truer for businesses in the tertiary sector like consulting, IT, banking, and such. Pune is the next IT hub for some of the greatest business opportunities.
Developments in infrastructure
A large part of the city is under construction for residential and commercial development. The villages surrounding the city are slowly on their way to becoming suburbs, thanks to massive development plans. All these things only mean one thing. Pune is on the way to becoming one of the most advanced cities in India.
This means that having your business in a prime location like Pune, you will get a great appreciation for your commercial property value and also have access to the infrastructural advancements happening in the city.
If you are investing in a showroom in Pune for rental purposes, you should expect great rental appreciation over time. With the developments happening throughout the city, the property value will increase significantly in the foreseeable future. This will in turn cause rent appreciation where you can get ROI from your investment in a showroom.
This is especially true if you invest in commercial property in prime locations like Kharadi, Viman Nagar, Baner, etc.
Property value appreciation
As we discussed above, the city is going through several infrastructural changes, and with developments comes a significant increase in the values of properties surrounding those developments.
If you invest in a showroom at one of the peak destinations, you can expect a decent property value appreciation that will make your investment totally worth it.
Different options available for Buying a Showroom in Pune
When you go searching for commercial showrooms in Pune, you will have several options. The following are some of the best places to buy a showroom in Pune:
Pune houses various malls like Phoenix Marketcity, Amanora Mall, Seasons Mall a lot more. The city is also opening new malls soon which are under construction right now. Malls are a great option for investing in showrooms. Showrooms in a mall increase your visibility and help you reach a wider audience.
2. Residential Apartment
We bet you didn’t know you could open a showroom in a residential place. You would need certain permissions and have to file paperwork and such. But when you think about it, they can be quite cost-saving as compared to buying commercial property.
3. Commercial Apartment
Commercial property is anything that is used for business purposes. So, here, you do not need to have any permissions to kickstart your business showroom.
4. Business Centre
Another great option you have when buying showrooms in Pune is a business centre. There are so many business centres in Pune, and there are a few under construction. A business centre can also increase your visibility and help you build excellent business relations.
Best areas to buy a showroom in Pune
Location is the greatest factor when buying a commercial property in Pune. It has the power to make or break your business. The following are some of the best locations to buy a showroom in Pune:
1. Viman Nagar
Viman Nagar is an affluent residential area on the east side of Pune. This area is a sought-after location for renting homes, investing in residential property, and even finding office spaces. Since you are looking for a showroom, a residential area would increase your visibility and possibly boost your sales.
Baner lies in the western part of Pune and is the most sought-after area in Pune. It is close to the Mumbai-Bangalore highway and in the vicinity of Wakad and Pune University Road.
Baner should be your first choice, no matter if you are buying a showroom for your business or investment purposes.
Hinjewadi is most famous for the Rajiv Gandhi Infotech Park and is one of the best places to buy a showroom in Pune. And not only that, it houses campuses of various companies like Infosys, Wipro, TCS, LTI, and other MNCs. Since the area pertains to IT and other service-related businesses, you can expect some dramatic growth in the future.
Are you still interested in buying a showroom in Pune? Ambrosia Galaxy presents a quality commercial property project for all your commercial space needs. Whether it be your business headquarters or office space, we have got you covered. Located in the prime location of Baner, it is one of the highest towers in Baner. Not only that, but we also offer special leasing assistance and internal layout personalization.
The well-defined project includes various benefits such as a five-floor parking facility, 3-tiered security, coworking spaces, a cafeteria, a client lounge, a courtyard, and much more.
Contact us to learn more about the Ambrosia Galaxy project and what it offers in Pune.