The easing of restrictions, pace of vaccination, and return of workforce to business have sparked a new interest in India’s Commercial Real Estate segment with promising growth projected in the second half of 2021. This segment is also witnessing product innovation and that will help keep the market on the uptick and the interest of investors intact. Industry trends suggest that the yields in this segment as compared to residential continues to be high, in the range of 6-7% p.a., and remains a stable source of income for investors.
However, before investing in commercial real estate, every investor must identify the key areas that can help them to generate good returns and ensure capital appreciation and preservation. Developer’s reputation, good location of the project, supply in the vicinity, and future potential are important factors to consider before investing in commercial property.
Omaxe, a BSE & NSE listed company, has stood the test of time in India’s real estate landscape based on its ability to create unique & innovative projects, sell them, generate ROI, and more importantly deliver projects and on promises. The company has been consistent on these fronts. Its tryst with Lucknow began way back in 2005 and over the last 16 years, the company has delivered thousands of homes and commercial spaces and in the process earned the trust of the people and built a brand equity that remains unmatched. The company has its presence in 27 cities of the Country.
The company’s latest offering in Lucknow, Omaxe Hi Street is one such project that is showing the way in product innovation. It is being developed as the new Commercial Business District (CBD) of Lucknow on the upcoming Outer Ring Road where retail areas are being developed in all sizes keeping in mind the requirement of small shops as well as large anchors, food street, and specialty restaurants. The project will also have independent commercial plots and built-ups. It also has hotel suites and co-living spaces which are gaining traction from users and investors. The project will have option for the customer to keep the hotel suite for self-use or go for the leaseback model. With proximity to PGI and a large number of institutions, there is a huge demand for service apartments for students, doctors, visiting patients, and their relatives. In the future, a large entertainment zone including Megaplex and gaming facilities are also proposed.
