The Real Estate Regulation and Development Act was implemented in 2016. If you are looking forward to investing in RERA registered commercial space that offers office space then you must be looking for a long-time investment, right? Be it a long-time or short-term investment you must know that it should always be a RERA registered investment. The government of India implemented this Act to protect the investors from being exploited while investing and to ensure their trust of them to let this sector grow more. This was to bring transparency and balance over investments.
Today, be it government office space or corporate nobody wants to set their offices in private properties where no one can see. It’s always in the public area or commercial area. It makes it easier for both employees and employers. If you are looking forward to knowing more about RERA registered projects for your office space then you have made the right choice. Also read – RERA Registered Commercial Space Projects in Sector 18 Noida
Wave One is a premium project in the commercial hub of Noida sector -18. One perfect rera registered project with lushed office space to invest in.
While you must be still confused about why exactly we need to invest in RERA registered projects keep reading to know.
Three benefits of investing in Rera registered office space
No project delays
If you are looking forward to opening office space soon this will be the most secure option. Rera registered projects are not allowed to delay beyond fixed dates. There is the assurance of no delays in projects. Also read – What Is RERA Registered Project And It’s Benefits
The interest of both the parties are protected
If either of the sides delays in further process of the project investment the interest percent rises for both the parties alike It protects the interest of buyers and sellers alike. Also read – Benefits of Open Office Spaces
Transparency between both the parties
RERA ensures transparency and obedience in the buying and selling process between the parties. If the project is RERA registered the sellers are responsible to share every detail of the project with you. Also read – Best Ready to Move Commercial Office Space in Delhi NCR
Real Estate is today counted as one of the most secure businesses ones can invest in. This Real Estate industry unlike other markets does not change suddenly or regularly. This way we are aware of the amount we need to save in order to invest in it. India, in the recent few years, has seen a drastic cut down highly influenced by either demonetisation, RERA, COVID-19 pandemic, or the introduction of GST. Reacting to these unavoidable transformations still the real estate industry has to give applaudable results. This year 2022 we can say that his industry is still flourishing with new and innovative ideas and solutions.
With a completely new look in the industry, it has unlocked countless opportunities. Today there is more transparency and obedience in the industry in comparison to years back. As per Savills India, the demand for the real estate industry is expected to rise above 15-18 million sq. ft. by 2025. Also read – RERA Registered Commercial Space Projects in Sector 18 Noida
There are various types of commercial properties that today we invest in. In commercial real estate, let us tell you more about three different types of commercial properties:
- Industrial Commercial Space:
The spaces that cover all industrial activities starting from production to manufacturing units for the business are called the Industrial Real Estate. In comparison to the past cycle of India’s economy Industrial Real Estate has performed really well with its low entry cost and flexibility. heavy manufacturing spaces, cold storage facilities, showroom bulk, flex warehouse, etc are some examples of Industrial Real Estate. Also read – Real Estate is the Best Investment in India in 2022
- Retail Commercial Space:
Retail commercial spaces are mostly located in the hub area or the heart of a commercial area of the town. Retail real estate is those that work to provide products and services directly to customers. These commercial spaces are easily accessible for the consumers in comparison to the rest as these spaces are located in the heart of a commercial area. Shopping centres community retail centres, power centres, and regional malls are some examples of Retail commercial space. Also read – Best Ready to Move Commercial Office Space in Delhi NCR
- Office Commercial Space:
Today, there is more than enough demand for Office commercial space due to its multi-tenant capacity. It’s not very tough to find office commercial properties to invest in. There are a lot of business-specific locations that provide types of office commercial properties. Also read – Best Food Court and Entertainment Zone Spots in Noida & Delhi NCR
In this era of competition Wave, One located in the commercial hub of Noda sector-18 is doing an excellent job in providing every type of commercial space you would like to invest in.
It’s everyone’s dream to buy a home or to own an office but is also scared of getting into home buying problems. Indian Government in order to ensure the safety and growth of the real estate industry enforced this Real Estate Regulatory Authority (RERA) Act in May 2016. Before knowing what is RERA registered let us tell you that it is the first thing you need to consider before buying any commercial space or project. This enables transparency in the home buying process. This is a step by the government to protect you from being exploited or to exploit anyone in the real estate industry. When a project is RERA registered you can without any fear invest in it. It infuses transparency and speeds up your home buying process. It protects you from unnecessary charges put by the seller ensuring timely home possession.
But you should also understand that RERA only implies the development of the property and not renting the property. You can look upon such projects to invest in. You will find enough RERA registered commercial space projects in the commercial hub of Noida sector-18. According to this Act, the seller is responsible to provide every bit of information. Also read – RERA Registered Commercial Space Projects in Sector 18 Noida
Benefits of RERA Act by Indian Government:
- There is no project delay under RERA.
- It protects the interest of buyers and sellers alike.
- RERA enables transparency and obedience in the buying process between both parties.
- Under RERA sellers are responsible to disclose every detail of the project.
- With RERA you only need to pay on the basis of the carpet area or the area enclosed by walls.
Now, if you are looking to invest in one such RERA registered commercial project space opt for one of the best ones which is Wave One located in the commercial hub of Noida sector-18.
Also read – Best Ready to Move Commercial Office Space in Delhi NCR