Commercial real estate is a reliable investment option, regardless of market cycles. The value of property in commercial areas usually increases over time, and so does the rent. Many investors see it as a long-term investment that generates regular cash flow through rentals and may fetch higher value on sale. With attractive offers on commercial property loans, low interest rates, and a growing demand for office and retail spaces, this Diwali presents the perfect opportunity to make a smart investment. In this article, we explore five compelling reasons why a commercial property investment can be your best financial decision this festive season.
Let’s Dive into the Top 5 Reasons
From attractive commercial property loan interest rates and relaxed eligibility to equity building, leveraging opportunities, and security, here are six solid reasons why investing in commercial property over Diwali could work out quite well for you:
- Diwali is Auspicious
Diwali is one of the most auspicious times of the year in India, and it's a tradition for people to make significant purchases to attract prosperity and good fortune. What could be a better investment this season than commercial property? With relaxed eligibility criteria and low interest rates on PNB Housing commercial property loans, now is the perfect time to invest.
- Attractive Loan Terms
If purchasing a commercial property is beyond your current financial capacity, PNB Housing has your back. PNB Housing finances up to 70% of the property’s market value as the commercial property loan amount. With interest rates starting as low as 9.25%, the loan becomes easier to repay, ensuring you can start getting returns from your investment sooner.
- Get Diwali Discounts
In India, businesses, including real estate developers, eagerly wait for Diwali and Dhanteras to launch their latest property offerings with big discounts and offers. If you purchase a commercial property during the festive season, you may get gifts, rewards, discounts, and tax duty waivers!
- Convenient Purchase and Quick Loan Approval
It is fairly easy to find top commercial properties online. You can visit online property websites to search for the best commercial real estate that fits your budget. However, visiting the property physically before finalising any deal is important to make the right choice.
While you take the stress of finalising the property, PNB Housing makes the commercial property loan process seamless. With customised eligibility criteria and quick disbursal, you can own your commercial property in just a few days.
- Build Equity
Commercial properties tend to offer higher returns compared to residential ones. By investing in a commercial property, you are not only securing a physical asset but also building equity over time. For instance, buying an office space in a prime location can lead to higher rental income and eventual capital appreciation, allowing you to grow your wealth more quickly than in other types of investments.
Conclusion
Purchasing a commercial property can be a very valuable investment this Diwali. PNB Housing provides credit through a hassle-free application process and quick disbursal. You only need to place your request on the PNB Housing website and wait for a representative to contact you.
Finally, on the auspicious occasion of Diwali, invest in commercial property this Diwali and reap rewards for years to come.
FAQs
Why is Diwali considered an auspicious time to invest in commercial property?
Diwali is considered auspicious to invest in commercial property due to cultural beliefs associated with wealth and prosperity. Many businesses launch new ventures or expand during this period, increasing demand for commercial spaces. Developers often offer attractive deals, making it an opportune time to buy commercial property. The festive season's positive sentiment can lead to favourable negotiations and potentially better returns on investment.
How much of a loan can I get to purchase a commercial property?
The amount of commercial property loan you can secure typically ranges from 50% to 80% of the property's value. Factors influencing the loan amount include your credit score, income, business stability, and the property's potential rental yield. Lenders assess these aspects to determine your eligibility. Shopping around for the best commercial property loan terms and rates is advisable.
What are the benefits of investing in commercial property over residential property?
Investing in commercial property often yields higher returns compared to residential properties. Commercial leases are typically longer, providing stable income. There's potential for higher appreciation, especially in prime locations. Maintenance responsibilities are usually shared with tenants. Commercial property loans may offer more favourable terms. Additionally, diversifying your portfolio with commercial real estate can provide a hedge against market fluctuations.
How quickly can I get a commercial property loan approved?
The approval process for a commercial property loan can take a few weeks to a few months. The timeline depends on factors like the lender's efficiency, the property deal's complexity, and your application's completeness. To expedite the process, ensure all required documents are in order. Some lenders offer pre-approval, which can speed up the process when you're ready to buy commercial property.
