The commercial property markets are witnessing a massive change. The reasons for this are many, but simple: fast-paced urbanization, rapid rise in income levels, positive demographics, strengthened e-commerce sector, etc. Needless to say, the real estate sector across the nation has attracted significant investment in the last few years.

According to Ramesh Nair, COO - Business, JLL India, India’s commercial real estate in India is presently available between 50-88% of what it was during the third quarter of 2016. This means that “now” is a good time to pump in money in commercial properties.

Today, a mixed bunch of professionals is investing in office properties across India. From chartered accountants and lawyers to doctors and stock brokers - everyone seems to want a piece of real estate. This is all because of low capital values and high rental yields that have made buying up to 1000 square feet of space rather easy.

Moreover, capital appreciation is lower in commercial properties. It is easier to find tenants for office space than for residential lots as the former is more driven by end-use. Plus, with good quality tenants and lock-in of leases - it is fruitful situation for all investors.

Here are 5 commercial properties - some new, some old and some expensive - that you should look up if you are planning to invest in the near future:

NEW & PROMISING

1. WTC Gift City, Gandhinagar

When one thinks of “World Trade Centre”, the only term to come to mind is the New York phenomena “Twin Towers” that became the target of a massive terrorist attack in 2001. Today, 1WTC stands tall in their place and is the hub of the bustling Financial District of the country.

The WTC Group, in fact, is the pinnacle of the global commercial real estate market and has established major offices in 330 cities and 100 countries so far. The WTC Gift City in Gandhinagar is another feather in their cap.

Gujarat is gradually becoming the hub of many MNCs, which is why there is an increasing the demand for quality residential real estate projects  infrastructure. WTC Gift City is being built by keeping this in mind. Three key features of the upcoming real estate project are world class amenities, green building concept, and aerated spaces.

The first tower of WTC is expected to be completed by 2018. Viridian RED, the real estate development arm of Viridian Group, is behind this massive project. The pricing list and payment plans have not been released yet.

 2. Godrej Eternia

Located in the Industrial and Business Park-I of Chandigarh, Mohali, and Panchkula, this Godrej property offers office and retail spaces and comes with a development size of over 705,000sqft. The architect group behind Eternia is HBRA USA.

One of the major highlights of the property is that it is close to many upcoming international hotels and malls. The location has been fixed keeping in mind the ever developing architectural landscape of the city.

Magnificent view, lush greenery, beautiful architecture and best amenities - what else does any company want? Moreover, areas in and around Chandigarh have shown major development in the past decade. Investing here is something definitely looking into.

OLD & ESTABLISHED

3. International Tech Park, Bangalore

Often called the “Silicon Valley of India”, IT firms in Bangalore employ about 35% of our country’s total 2.5 million+ IT professionals. International Tech Park (ITP), located in Whitefield, is one of the most renowned (and the oldest) tech parks of the city.

Managed by Ascendas, it is a rather large facility comprising 9 buildings - Discoverer, Innovator, Creator, Explorer, Inventor, Navigator, Voyager and Aviator. The 10th building, also known as “Victor” is currently under construction.

The real estate complex houses major brands such as Huawei, Oracle, Airtel, Mu Sigma, Vodafone, TCS, GE and IBM. ITP covers a sprawling land of 450,000 square feet. Park Square Mall and the Vivanta by Taj Hotel are situated near to the Park.

Although expensive, this is a stable investment option for those who are looking to set aside large amounts of funds specifically for this commercial complex.

4. DLF Cybercity, Gurgaon

If you have ever been to Gurgaon, then you must have visited or come across DLF Cybercity. It’s near the Delhi-Gurgaon toll plaza and Sikanderpur metro station. And if you have ever walked inside any of the buildings in the area, then you will agree that DLF stands for everything elite and sophisticated.

All buildings in Cybercity have a unique identity of their own - in terms of shape, size and name. The entire area is well connected and even has the privatized Rapid Metro line that covers all major spots in and around Cybercity. The expansive parking lots can accommodate over 4000 cars.

Major brands such as Deloitte, DuPont, RBS and Lufthansa Airlines have offices in DLF Cybercity. Yes, it is on the higher side but getting an office space here is a fruitful investment in the long run and of course, because it offers the complete package. Here is the list of latest commercial properties in Gurgaon within your budget.

FOR THE NRIs

5. Prestige Cyber Towers, Chennai

Strategically located on Old Mahabalipuram Road, this real estate property is just 15 kms away from Mennambakkam Airport. The total built-up of this top class commercial complex is somewhere around 468,461 square feet. It consists of two basements and 12 upper floors.

The infrastructure facilities include complete power back-up and hi-end air-conditioning. Major brands such as TCS, Infosys, Capgemini, Wipro, Standard Chartered, etc. are housed at PCT. In 2013, it won the Realty plus Awards 2013 in the category of Developer of the Year – Commercial.

Owing to its increased rental rates and Chennai’s popularity in the global scenario, the Prestige Group has an exclusive page catering to the investment requirements specific to NRIs.

India has a varied real estate landscape. From small and medium to large investment outfits - the country has a lot to offer to everyone