Noida is one of
the prime cities in the National Capital Region of India. Initially, the city
made its name as an industrial powerhouse. However, in recent years, Noida’s development has seen the city
become more than what it used to be. A lot of IT companies have made their
entry, which has brought more prosperity to the city as a whole.
Recent real
estate market trends signal the coming of a lot of mixed-use properties.
Mixed-use properties aim to combine the benefits of both commercial and
residential spaces. A lot of property developers are assessing their options in
this regard as the market for conventional projects have fallen flat recently.
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| Courtesy: Net |
Some of the
advantages that should make mixed-use properties great successes are:
·
All Conveniences: Mixed-use properties
have not fared too badly in most parts of the world. The primary advantage of a
mixed-use property is that it features all sorts of conveniences in one space.
Imagine a 2 BHK flat for sale along
with commercial establishments in the same space. First and foremost, it saves
up a lot of time in buying daily items, and secondly, it saves a lot of money
that would be otherwise spent on travelling from one place to another.
·
Faster Appreciation: Appreciation is one
of the most cherished wordsin the real estate market, and a flat in Noida for sale will generate
more funds if it is a part of a mixed-use property. The added conveniences will
inevitably have a lasting impact on the price of the apartment, and for investors
looking for great returns on investment, mixed-use properties are the way
forward.
·
Self-Sustaining: A mixed-use property
project has the capacity to sustain itself no matter what the outside world is
doing. The demand for residential properties in that space will always be high
because of the amenities available alongside it. The continuous exchange of
funds between the various spaces in the project will keep all the properties in
good financial shape.
Most mixed-use
projects are being developed on the fringes of most of the cities as the space
required is immense. With proper foundations in place, it seems that mixed-use
properties are here to stay.
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