Guide to buying a commercial property in Gobindgarh

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Commercial real estate development in Punjab is gaining momentum, and certain areas like Gobindgarh are preferred by real estate developers as they are traditionally commercial hubs. Gobindgarh, though an industrial area, is slowly transforming into an organized commercial hub in Amritsar, and hence, the demand for commercial property has soared. Read to find out how to buy a commercial property in Gobindgarh as a prospective investor.




Gobindgarh is renowned for being home to a number of steel factories and allied industries. There are approximately 200 steel rolling mills that cater to the secondary steel market in India. In addition, there are induction furnaces, scrap cutting units, oxygen plants, and foundries. The town is also has a vibrant trading community, which focuses on selling steel products across India.
So, it goes without saying that Gobindgarh is a commercial hub and that is why real estate developers are concentrating on new commercial projects in the area. With the government’s Made in India initiative, the manufacturing and trading sectors have received a boost, and this has increased the demand for commercial properties in the area.
If you are looking to buy a commercial property in Gobindgarh, here are some invaluable tips to help you out:

Check out the locality
Make sure that the commercial enterprise you want to set up has a market in the area that you have shortlisted. Contact the local authorities to find out the planned development projects and possible issues that the area is facing. This will help you determine whether the locality is the right one for your commercial enterprise.

Begin the loan application process
It is easier to get loans for commercial properties than residential properties. So, before you begin negotiations with the developer, start the loan application process. Banks will provide you 70 per cent of the property value while the remaining 30 per cent will have to come from your pocket. So, this is also the right time to speak to your investors and ensure that the 30 percent is there to show the bank.

Choose the developer with care
Ensure that you select the developer with utmost care. They should have experience in developing commercial properties and have a record of delivering properties on time. The last thing you need is your money held up for years as you wait for possession. Also, the developer should be ethical and should ensure the local zoning laws are followed to the T.

Check out the layout plan
Ask the developer to show you the layout plan, not just of the commercial space you intend to buy, but of the entire complex. This will let you see whether the commercial property in Gobindgarh is attractive as a whole and is suited for the commercial enterprise you want to start.

Use these tips to find the right commercial property in Gobindgarh, and you will end up finding one that suits your needs and budget.




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