Retirement is a time when most people look for stability and comfort. For many, that means investing in a familiar asset like residential property. This was exactly the case for Indal Ukey and his family. Having invested in a 2BHK apartment in the past, they were planning to do the same again after Indal retired. But when they came across Ambrosia Galaxy, a commercial project in Baner, Pune, they found a new investment opportunity—office spaces as investment.
The Usual Route: Residential Property
Initially, Indal and his family were sure they wanted another 2BHK apartment. “We were set on buying another flat,” Indal recalls. Investing in residential property is a common choice for many families in India, as it feels secure and familiar. Since a home investment had worked well for them before, they felt confident about making the same decision again.
However, while searching for a new apartment, Indal stumbled upon Ambrosia Galaxy, a commercial project that was still under construction. Out of curiosity, they decided to visit. Little did they know that this visit would completely change their investment plans.
Exploring a New Opportunity: Commercial Property
When Indal and his family visited Ambrosia Galaxy, they had a detailed discussion with the sales team, who explained the benefits of office spaces as investment. Unlike residential properties, commercial properties can offer more significant financial rewards if approached correctly. Indal learned how investing in office spaces could lead to higher long-term returns, stable rental income, and appreciation in value over time.
After years of residential investments, Indal saw this as a chance to diversify his portfolio and take on a new challenge in his retirement years. He realized that office spaces as investment could generate better returns compared to residential properties. The idea appealed to him as it provided an opportunity for growth beyond his comfort zone.
Taking a Step Outside the Comfort Zone
Choosing to invest in office spaces was not an easy decision for Indal. Like many retirees, he initially wanted to stick with what he knew—residential investments. But the more he learned about the benefits of office spaces as investment, the more he realized the potential they had to offer.
Office spaces come with the advantage of leasing out to companies that usually sign long-term contracts. This means a steady flow of income, unlike residential properties where tenants often move in and out. Furthermore, the growing demand for office spaces in cities like Pune, especially in popular areas like Baner, makes them a smart investment option.
The Benefits of Office Spaces as Investment
There are several reasons why office spaces as investment can be a smart choice, especially for retirees like Indal who are looking to diversify their income sources:
Higher Rental Yields: Office spaces generally provide higher rental income compared to residential properties. Businesses often sign long-term leases, which ensures consistent revenue.
Appreciation of Property Value: The demand for office spaces, especially in commercial hubs like Baner, leads to an increase in property value over time. As more businesses establish offices, the value of well-located office spaces goes up.
Lower Maintenance Costs: Commercial tenants take care of properties better since it represents their brand and work environment. This means lower maintenance costs compared to residential properties.
Stable Tenancy: Companies tend to lease office spaces for long periods, unlike residential tenants who may frequently move. This provides a more stable income stream.
Indal’s Bold Decision
Indal made the bold decision to invest in an office space at Ambrosia Galaxy. Now, as he waits for possession in December, he feels confident and happy with his choice. “This investment feels right. I’m glad we took the leap,” he says. For Indal, office spaces as investment has already changed his outlook on financial growth during retirement.
His story shows that retirement doesn’t have to be the end of new opportunities. In fact, it can be the perfect time to try something different. Investing in office spaces allowed Indal not only to grow his investment portfolio but also to secure a steady source of income for the years ahead.
Retirement: A Time for New Beginnings
Indal’s story proves that retirement can be a time for reinvention. While many retirees stick to familiar investment choices, Indal stepped out of his comfort zone and saw the financial advantages of office spaces as investment. By doing this, he showed that growth and new opportunities are always possible, regardless of age.
If you’re considering your investment options after retirement, exploring the commercial real estate market could be worthwhile. Office spaces as investment offer high returns, stability, and long-term financial security. Just like it was for Indal, it could be the right decision for you too.
Investing in Office Spaces: A Path to Future Growth
Investing in office spaces provides many advantages, from higher rental income to the appreciation of property value. Indal Ukey’s decision to choose an office space over a residential flat reflects a growing trend of people seeking smarter, more rewarding investments. As Indal prepares to take possession of his new office space, he is confident that this investment will lead to future financial growth.
If you’re ready to step out of your comfort zone and try something new, investing in office spaces could be your path to financial success, just like it was for Indal.
