Making the decision of whether to purchase commercial real estate becomes considerably more difficult for someone like myself who is new to real estate investment. Recently, I thoroughly researched will commercial property prices rise since I am planning to invest in it. I found that if the economy increases, the pricing of commercial property will definitely increase.
However, I also found that nowadays, the commercial real estate sector in India appears to be expanding significantly.
The size of the Indian commercial real estate market is at USD 40.71 billion in 2024.
It is predicted that commercial property will expand at a compound annual growth rate (CAGR) of 21.10% to reach USD 106.05 billion by the year 2029.
I came across a news article where I found that a 10-12% increase in property prices is also anticipated by industry experts for 2024. They said it will increase because of a spike in demand for commercial space in metro and tier cities.
The government's emphasis on urbanisation and infrastructure development initiatives, such as the Smart Cities Mission, is also anticipated to increase demand for commercial real estate.
However, several factors, such as infrastructural development, company demand, and economic growth, affect the values of commercial real estate. I also asked a few commercial investors and they told me that the prices will definitely go high as the Indian economy increases. So, I decided to make an investment in commercial real estate. I hope you found this answer helpful.
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Authors Of The Question
Will Commercial Property Prices Rise?
Chadra76
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7 months
2024-07-24T15:31:37+00:00 2024-07-25T15:31:50+00:00Comment
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