How do you compare the average market price and circle rates in buying a commercial property?

In the housing sector of India, over the past five years, the latest data points towards a concentrated difference between the actual market prices of the commercial property and the circle rates in the major cities.

DELHI-NCR

In Gurugram, the market price at Expressway of Dwarka stood at about Rs 5,340 per sq ft while the circle rate of the commercial property in Gurgaon is about Rs 4,133 per sq ft. At the Sohna Road, the market rate is about Rs 6,710 per sq ft, up 35 per cent from the respective circle rate of Rs 4,969 per sq ft. Golf Course Road tips an average market price of the real estate of about Rs 13,150 per sq ft while the circle rate is about Rs 7,530 per sq ft.

In Noida, the market price on the respective Expressway is about Rs 5,075 per sq ft while the circle rate is about Rs 4,366 per sq ft. At central Noida, the market rate is basically Rs 4,920 per sq ft as against the respective circle rate of Rs 3,685 per sq ft.

Difference Between The Avg Market Prices And The Circle Rates

Anaraock said its data of research shows the difference between the average market prices of the real estate and circle rates, which was as elevated as 100% in assured localities of Pune, Mumbai, and Gurugram in the year 2015, currently stands at a mere 6 per cent difference.

NEW DELHI

The average market prices of the real estate quoted by the developers around various major Indian cities are about 6 per cent to 75 per cent higher as compared to the price of the government-prescribed circle rates, the particular value at which the stamp duties are paid and all the properties are properly registered, said the real estate consultant Anarock.

The final report comes in the background of heavy conjecture that all the developers might be forced to reduce their respective prices in view of high bank assessment and unsold inventory and also an economic slowdown because of the two-month nationwide lockdown.

A guidance value, circle rates, or ready reckoned (RR) rates are basically the value set up by the state government under which a commercial property cannot be actually registered. Each area inside a city has its own ready reckoner rate on which the particular stamp duty is collected.

In a major trend that is seen in the sector of Indian housing over the past five years, the new data points towards an abridged distinction between the ready reckoner (RR) rates and the real market prices in the principal (sale by the developer) segment in the top cities, said by Anarock in a statement.

MUMBAI

In Mumbai, the average market prices of the commercial property in the Lower Parel are about 6 per cent higher at Rs 34,660 per sq ft as compared with the RR(ready reckoner) rate of Rs 32,609 per sq. In Worli, the actual market value is Rs 38,560 per sq ft while the RR(ready reckoner) rate or circle rate is Rs 35,350 per sq ft.

BENGALURU

According to the latest data for Bengaluru, the market price of commercial property at Rajajinagar is about Rs 13,300 per sq ft as in opposition to the circle rate of Rs 9,012 per sq ft. At Indiranagar, the market rate is about Rs 11,500 per sq ft while the RR(ready reckoner) rate is Rs 10,312 per sq ft.

Not only this, but the average market prices of the real estate at Kharadi and Baner in Pune also higher by 7 per cent and 10 per cent correspondingly than the circle rates in these particular localities.

Source: https://www.spacecreattors.com/blog/circle-rate-of-commercial-property.php

What are the Top Four projects to invest in commercial property in Gurgaon?

Investment in commercial property in Gurgaon has always been seen as an exemplary means of expanding the portfolio of assets and restoring good returns. And while we’re talking about Gurgaon, it’s developed considerably over the last few decades and has made it almost unrecognizable from what it once was. This remarkable journey of development has given this region a new name: the “Millennium City.” Commercial property in Gurgaon has one of the best infrastructure growth which is always on a steady upward course. The establishment of a number of IT parks, MNCs, and SEZs has led to unprecedented developments in the city, attracting people from across the country and abroad.

Building on the pattern in urban centres across the country, Gurgaon’s real estate is leading to a revival of investor confidence in the National Capital Region. One of its main reasons for that kind of buoyancy is that it has broken a five-year dry spell, and finally has a strict implementation of the law. The revival of this confidence between buyers could result in an increase in the rates of residential and commercial properties in Gurgaon by more than 10% to 20%.

With the ever-increasing population in Gurgaon, the city has experienced a huge rise in the demand for real estate, not only in the residential areas but in the commercial establishments as well.

One of the most prominent builders in Gurgaon is the AIPL group.

About AIPL Group:

Advanced India Projects Limited (AIPL) has been in the real estate business for almost 30 years. They have built 2.5 million sq.ft. of office spaces, 2.8 million sq.ft. of retail spaces and 340 acres of township development. Their major focus is on quality and sustainability. These attributes are visible in their developments which exude durability and best in class technology. Apart from these values, AIPL has continuously focused on innovation in their projects and specialise in the integration of modern technology with strong fundamental values. Their continued success in building commercial properties in Gurgaon has been possible due to their consistent commitment to their core values.

LET US HAVE A LOOK AT THE FOUR MOST PROMINENT COMMERCIAL PROPERTIES IN GURGAON

#1 COMMERCIAL PROPERTY IN GURGAON – AIPL JOY GALLERY

AIPL Joy Gallery is a mixed-use retail development and is a prominent commercial property in Gurgaon. It offers a combined package of Premium Retail, F&B outlets, Food Court, Restaurants, Cafes and an Entertainment Zone. Considering the growth in disposable incomes of people in Gurgaon in l̥ine with rising opportunities, this development offers a handsome opportunity to investors.

Project Highlights –

• Located in Sector – 66, Gurgaon
• Project Area: 4.28 acres
• Price Starting at Rs. 60L
• Expected Possession: June 2024
• 24X7 security service.
• 11% assured returns.

#2 COMMERCIAL PROPERTY IN GURGAON – AIPL JOY SQUARE

AIPL Joy Square, located in sector 63 A in Gurgaon is one it's kind commercial property in Gurgaon. It is an integrated commercial and residential property. AIPL has leveraged its upper hand on quality and sustainability to create a feasible residential-retail space. With AIPL Joy Square, the developer has established a unique type of property segment. This has raised the bar for the high-end retail market in the area. This property speaks for the high paced growth of the city itself. There is no doubt that It is touted to become one of the best upcoming commercial properties in Gurgaon.

Project Highlights –

• Located in Sector – 63 A, Gurgaon
• Project Area: 2.84 acres
• Price Starting at Rs 25 Lakhs
• Property Under Construction
• Expected Possession: January 2022
• Premium amenities
• 11% assured returns

#3 COMMERCIAL PROPERTY IN GURGAON – AIPL JOY STREET

AIPL Joy Street takes the expertise of AIPL one step further by offering a unique blend of Retail, entertainment, F&B and serviced apartments in a single package.

Serviced Apartments: AIPL offers luxury studios and 1 BHK apartments with world-class amenities including housekeeping, 24/7 concierge and reception desk, laundry service, Gymnasium, swimming pool and spa. There has been a consistent influx of young population in Gurgaon from different parts of the country, this has raised the demand for high-end studios. AIPL has truly captured the rising trend and presented a lucrative investment opportunity for the buyers.

Commercial Space: AIPL has a variety of commercial outlets ranging from small to large spaces for different types of businesses. Each space includes state-of-the-art facilities equipped with modern design and the latest technology. In addition to this, there are smart suites office spaces which are fully equipped with modern facilities like data connections, power backup, flexible office setup options, ATMs, restaurants and cafes in the vicinity to make the office area more desirable and attract more crowds. All in all, Joy square is a major upcoming commercial property in Gurgaon.

Project Highlights –

• Located at Sector-66, Golf Course extension road, Gurgaon
• Price Starting at Rs. 70L
• 100% power backup
• Data connection
• High-end 1 BHK and Studio Apartments
• Expected Possession: September 2020
• Get 11 % assured returns

#4 COMMERCIAL PROPERTY IN GURGAON – AIPL BUSINESS CLUB

AIPL Business Club is designed to meet future business needs. The group has held on to its fundamentals of sustainability by developing an office space which has all the facilities that the business would need in future as well. This is an aspect which would attract a large number of businesses.
AIPL Business Club includes co-working spaces, corporate retail spaces, fine dining, valet parking, driver lounge, locker room and shower room for support staff, ATMs, banks, shuttle services to rapid metro, luxury amenities like an infinity pool and golf putting greens.

With almost all the needs of businesses taken care of, AIPL Business Club definitely creates its mark as a major commercial property in Gurgaon.

Project Highlights –

• Price starting at Rs. 55L
• Project Area: 4.18 acres
• Located in Sector-62, Golf Course Ext. Road, Gurgaon
• Ready to Move-In
• World-class amenities
• Business Lounge & 24×7 Concierge Services
• 11% assured returns

THE PATH FORWARD –

Commercial Investors have shown great interest in commercial property in Gurgaon, and recently NRIs have also begun to invest in the commercial space, mainly as a result of profitable returns. When we equate investment in the commercial with residential, it can be assumed that returns from commercials are higher. An increase in the number of private equity funds displayed an involvement in the commercial office space in 2018, preceded by the very same in 2019. And with the success of India’s first REIT trickling in, the pattern of commercial office space getting the upper hand in real estate holdings will continue. There is a possibility of more injection of liquidity in commercial real estate and builders will come up with more projects in this category.

Source: https://www.spacecreattors.com/blog/top-commercial-property-in-gurgaon.php

Why AIPL Joy Gallery Is The Best Commercial Premium Investment In Gurgaon?

ABOUT GURUGRAM’S REAL ESTATE MARKET

Gurugram real estate has been the hot topic for discussion in the Indian Real Estate market for the last few years as it is counted as one of the top locations to invest in. While the city is popular for both residential and commercial properties, it especially peaks the interests of commercial real estate investors due to its growth and development.

In terms of revenue collection, Gurugram’s real estate market is one of the best in India. Gurugram’s commercial properties are bought by many big industries, multinational companies (MNCs), corporate businesses, and big retail brands.

Gurugram is especially famous among the public for its entertainment hubs, shopping centres, high rise malls, food courts, lounges, etc. The recent advancement in connectivity and transportation system has also added to the reputation and has made it the eye of the fish for many investors looking for enticing opportunities.

In this article, we will be telling you about one such opportunity for commercial real estate investors.

About The Developer Of AIPL Joy Gallery

Advance India Projects Limited (AIPL) is a big name in the Indian real estate industry. They offer a wide range of properties including residential, commercial and retail properties in premium locations of Delhi (NCR), Punjab, Rajasthan and Maharashtra. With over three decades of experience, AIPL has grown and thrived immensely in the real estate market. The innovation and excellence of their projects have continuously taken them to new heights.

AIPL is known to be the master of commercial real estate properties. In Delhi (NCR) alone, through their landmark commercial projects, they have developed and managed commercial spaces for over 70 MNCs and Indian corporate houses.

They believe in change and with their motto – “Dream the Change. Create Change. Live the Change.”, it is clear that they want to bring the change they want to see and live in. They view each of their new dreams; new projects as an opportunity to exceed the expectations of their customers and create a bigger impact than last time by elevating to a new level of success. They want to fulfil the desires of their clients and create value for their shareholders.

About AIPL Joy Gallery

AIPL Joy Gallery is a high-end mixed-use premium Retail Development located on the main Golf Course Extn. Road in Sector 66, Gurugram. It is spread over 4.28 acres of land and offers 720 units in 1 tower. It is the future of retail in the city with Premium High – Street Retail, F&B outlets with a food court, Restaurant and Cafes, and Entertainment Zone. The project offers retail shops on ground, first and second floor and office spaces from there on up to 24th floor.

AIPL Joy Gallery is designed by world-renowned DP Architect who is known in the real estate industry for his work in designing retail projects, resorts, hotels, commercial offices and residential projects. Some of his best works include The Dubai Mall, The Orchard Central, Singapore and Select City Walk, Delhi.

The location of this project offers a lot to its owners. The property is near Township and group housing development which is advantageous for the business. It also receives engagement from a large working population from ITSEZs that are in close proximity to the area.

Project Highlights Of AIPL Joy Gallery

• AIPL Joy Gallery is home to spectacular shopping outlets.
• The project is strategically located to invite customers for retailers.
• AIPL Joy Gallery is surrounded by commercial office spaces, retail malls, and high-end residential projects.
• AIPL Joy Gallery is a hypermarket which gives retailers a certain edge over their competitors.
• AIPL Joy Gallery offers high – street retail to its customers.
• AIPL Joy Gallery has F&B outlets with a Food Court.
• AIPL Joy Gallery offers Restaurants & Cafes for the leisure of the public.
• Entertainment Zones are also offered by AIPL Joy Gallery furthering the experience of the public shopping at the project.
• AIPL Joy Gallery offers restaurant spaces with green terraces embracing the sustainability goal.

Location Advantages Of AIPL Joy Gallery

• The location of AIPL Joy gallery is in the Village – Badshahpur, Sector – 66 of District – Gurugram which is 1.10 km away from SH-13 which makes it easily approachable.
• The nearest railway station is Old Gurgaon Railway Station which is 10.30 km away in the NNW direction from AIPL Joy Gallery.
• It is well connected to the Sohna Road and Golf Course Road.
• The nearest airport which is located on Southern Peripheral road (SPR) is 30-minute drive away.
• AIPL Joy Gallery is easily accessible from NH8.

Amenities Offered By AIPL Joy Gallery

The following amenities offered by AIPL Joy Gallery are what makes the investment worth each penny as these will add to the experience of the public, inviting more customers and boosting the business.

1. ATM
2. Lift
3. Fitness Center
4. Food Court and Multiplex
5. Front Facing Shops
6. High – Street Retails Shops
7. Entertainment Zone
8. F&B outlets
9. Office Space & Open to Sky
10. Visitor Parking

PRICE OF AIPL JOY GALLERY

Configuration	Size	Price
Ground Floor – Retail Shops and Anchor Store	900-3500 sq. ft	Price on request
First Floor – Retail Shops	700-1200 sq. ft.	Price on Request
Second Floor – Retail Shops, Food Court and Restaurants	600-1200 sq. ft.	Price on request

Conclusion

AIPL Joy Gallery Gurgaon located in sector 66 is one of the flourishing high street mix commercial projects. Based at bang on Golf Course Extension Road, it features great pace. The premium commercial location also acts as a prime aspect for commutation for the people. Result in a bother free commutation leaving the traffic bedlam of the city. Whether you wish to invest in a Foodcourt, Multiplex, anchor shops, office space or service apartment, each and every segment guarantees secure returns on your investment. Book your preferred space in AIPL Joy Gallery Gurgaon today and own your premium luxury space in the millennium city. To find out more about AIPL Joy Gallery or familiarise yourself with the best real estate investment opportunities, reach out to us at Space Creators and our top experts will cater to all your queries.

Source: https://www.spacecreattors.com/blog/aipl-joy-gallery-best-investment-in-gurgaon.php

INVESTMENT IN COMMERCIAL AND RESIDENTIAL PROPERTY

Real estate has been the beacon of investment in India. Investment in commercial and residential property is regarded as a high-grade investment as it offers a tangible natural asset.

Investment in commercial and residential property has seen massive shifts in the last 10 years which have made real estate an even more lucrative investment. The commercial real estate market has grown substantially in recent decades as India has been experiencing an economic boom, more business houses have been established in India. The country has seen 7 times growth in the number of new businesses in the last decade. Due to this rise, the demand for commercial property has increased. Residential properties, on the other hand, have proven to be a sustainable option as they are usually purchased for end use by the buyer or for the purpose of long term investment. The question that arises is where should one invest – Commercial or Residential?

INVESTMENT IN COMMERCIAL AND RESIDENTIAL PROPERTY – A QUESTION

INVESTMENT IN RESIDENTIAL PROPERTY

• Rising Demand of Rental Properties: The current generation of youngsters prefers renting over purchasing a property. This is because of the changing nature of jobs. Current jobs require people to travel more, there are frequent transfers and these are less static. Moreover, youngsters don’t mind moving from one geography to another in order to grow. Hence, they prefer renting over purchasing a property. The rental market is bound to rise manifolds in the coming years, which can guarantee a high return to investors.

• Ever Growing Demand: There will always be a demand for a residential property because everybody needs a place to live. With the growing population of India, the number of new home buyers is increasing. This opens a wide spectrum of investments for the residential real estate market.

• Low Cost of Market Entry: Residential properties require a lesser initial investment to enter the realty sector. Small and medium investors find it easier to invest in the market due to the low cost of market entry. This is because commercial properties are generally required for business purposes, the property becomes a business asset. It is required for doing business, on the other hand, residential properties are majorly required for personal purposes. Commercial property in a tier-1 city may start from 5-10 crores while a residential property in the same city is half the price.

• Higher Risk: Frequent changes in tenants with low returns make an investment in residential property a less favorable choice for some investors. Additionally, fluctuations in residential property prices are influenced by many factors other than the general economic scenario. It depends on the market sentiment as well. This is in contrast to the commercial properties where the factors determining the prices can be understood more easily and strategies can be formulated well in advance.

INVESTMENT IN COMMERCIAL PROPERTY

• High Rental Returns: One of the best reasons for investing in commercial real estate over residential is higher rental returns. Commercial properties offer a higher income potential yielding annual rental returns between 6-12% depending on the area, whereas residential properties yield only 1-2% The reason for this is: Commercial properties are used for doing business, the rent is paid out of the income received from the business, the property becomes a prerequisite for business and hence stability can be achieved. For eg: A commercial property is rented to a retail outlet, the retail outlet grows with time, for such spaces, the location is a major factor in growth, now the business owner would always prefer keeping the same property, even if it means paying more rent. This benefits property owners in the long run.

• Higher Initial Cost of Investment: Entering the commercial real estate market requires a lot more capital than residential, for the same area. The high initial cost of investment makes its investment option less viable and restricts the entry for small investors. With large initial investments come running large following capital expenditures. This increases the risk as well, as the investment once has done can not be recouped easily. It required more research about prospects and a long term view to predicting the rate of returns.

• Interest Rates on Loans: If an investor wants to take a loan for his/her commercial investment, then he must be ready to pay a slightly higher interest rate. The interest rate for home loans is much cheaper than the interest rate for commercial spaces being 1.5-5% higher. The loan factor must be taken into account while making the purchase decision, as it sets the lower limit to the returns to be expected. For eg: Property Price: 10 crore, let’s say we take a loan of 5 Crore, the rate of interest is: 10%, so the interest, if we only pay the interest cost, comes out to be 50 lacs per year. This clearly means we need a property where rental would be more than 50 lacs per annum taking into account the upkeep costs, otherwise, we will lose money. If the rent is less, we need to decrease the debt component in our capital structure and maybe take a partner.
  On the other hand, we need a year on year appreciation of more than 5% which is the inflation rate to make a capital gain. Even on a 5% appreciation, we are still in profits, as the value of money taken from the bank remains the same because we will be paying the interest out of the rental income.
  Hence, the debt risk might be controlled with proper planning and research.

• Increased Effort: Although the commercial property will yield a higher return than residential, it will require a high amount of effort for the investor. The property must be chosen at a suitable place where the demand for commercial property will be higher in order to earn a higher rental income. It is a must for the investor to check the creditworthiness and the profile of the tenant. The tenant should have a stable and long term business.

• Introduction of REITs: Investing in commercial real estate can be difficult and in order to make it easy, a new innovation was introduced: REITS, Real Estate Investment Trust. In the early 1960s REITs were introduced in the US with an outlook to change the real estate market. Since then, REITs have been adopted by other countries as a preferred mode of investment. This system has helped small investors to make a productive contribution towards financing in commercial real estate. REITs adds to the advantage of investment in commercial property over residential.

• Key Markets for Investments: Some of the major markets for investment in commercial and residential property are Delhi NCR, Bengaluru and Mumbai Metropolitan Region also referred to as MMR. With better job opportunities and MNCs occupying a big chunk of land for their operations, Commercial Real estate is booming. Residential real estate is also witnessing a high demand for locations that offer good connectivity and are closer to major job hubs.

Investment in commercial and residential property: Conclusion

Any form of investment is a good investment if made congruously. Investment in commercial and residential property come with their own set of pros and cons that make them highly distinguishable. It depends on the investor’s expectations and his paying capacity. With the real estate market growing at a hearty pace, investment in commercial and residential property both have a positive outlook for growth, hence it is a win-win situation. An investor may even form a portfolio of both types to diversify his risk and guarantee himself a fairly higher return.

Note of Precaution: The investor must check all the documents carefully with the due diligence before investing in any such arrangement.

Source: https://www.spacecreattors.com/blog/investment-in-commercial-or-residential-property.php

Pre-Rented Property : A Complete Guide

Pre-rented property, as the name suggests, is a property that is sold with a rental agreement still in place. To simplify, a pre-rented property is referred to as a property that is rented to any organization or enterprise and is then sold to the buyer with that rent as an income. The transfer of lease takes place immediately after the transfer of the property to the new owner. Additionally, the buyer of the pre-rented property will now enjoy the rental income. Pre-rented properties are usually a better fit for investors as it offers a higher premium where the Return On Investment is assured.

We could use an example to simplify the aforementioned term. Mr. X owns a 5000 square ft shop in New Delhi in the main market. He/She has leased the shop to some startup at a rent of Rs 10,000. He sells the shop to Mr. Y for Rs 1,00,00,000. According to the new arrangement, the startup will now pay the rent to the new owner of the property, Mr. Y.

WHY INVEST IN A PRE-RENTED PROPERTY?

Investing in a pre-rented property has its own set of benefits. The most important one is convenience and less friction in the accomplishment of the goals of the investor. Further there are many benefits some of which are mentioned below:

• Assured returns:  When an investor invests in a pre-rented property, he is entitled to the rental income and the tenants from the previous owner. Therefore, the investor must not be in a hurry to find the tenant for his property. The investor receives an assured rental return from day 1 on his investment with absolutely no waiting period.
• No hassle in finding the tenant: One of the major pros of a pre-rented property is that it sets you free from finding a tenant for your property. The owner of a pre-rented property does not have to get involved in the long and tedious process of finding the right tenant saving him advertising costs and time too. Further, since the rental contract is already established, it saves the new owner the legal hassles as well.
• The benefit of Capital Appreciation: Apart from assured rental returns, the investor usually makes an investment in real estate with an outlook of capital appreciation over a period of time. This seems like a profitable deal for the investor if he wants to maximize his Returns on Investment (ROI). Pre-rented properties have proven that they have the potential to get rented. This helps in raising the value of the property as it increases the opportunity cost of selling. In the long run, it yields a premium price.
• Source of Regular Income: A pre-rented property being an appreciating asset can be a great investment opportunity for buyers. Since pre-rented properties are dependent on timely rent, they are often well-received for a regular source of income. This is very lucrative for investors who need a ready-made package offering a monthly income without any hassle.
• Medium to Low Risk: Investing in a pre-rented property is often regarded as a safe investment. Returns will be assured for the buyers since the property will be rented for a particular period of time. Also, the probability of tenants vacating the pre-rented property before the expiry of the specified duration is fairly low. Further, the rental agreement is pre-decided which gives the investor a foresight to plan for the future course of action and minimize his risk.
• Shorter processing time: Since the previous tenant has performed his due diligence with respect to the tenant, all the troublesome and hassle job is already done for the buyer. With all the required relevant information being available, the investor is assured of the credibility and capability of the tenant to pay timely rent. Generally, it takes time to develop this kind of credibility, while the pre-rented property offers this in a package with the property itself.
• Offer Easy Liquidity: One of the major drawbacks of holding real estate investments is their illiquidity. Since pre-rented properties yield regular rent, they are easier to sell in the marketplace. This is because of their being rented which is an added advantage over other properties. Pre-rented properties are sold more easily than other properties of a similar kind.

All these focal points drive the investors to purchase pre-rented properties. However, one should not turn a blind eye towards the shortcomings these bring. Some of them have been discussed below.

SHORTCOMINGS OF PRE-RENTED PROPERTIES

1. Huge Investments: Good pre-rented properties with prominent locations and infrastructure facilities require high investment. This becomes a major drawback restricting the investments by High Net worth Individuals or HNI’s. Small or medium investors find it difficult to invest in such properties.
2. Lease term: The investor must perform his duty of carefully checking the lease term. If the lease expires and the tenant vacates the pre-rented property, it is often time-consuming and troublesome to find new tenants. Therefore, he will have to incur a loss of rental income accompanied by diminishing returns. Further, there is a lack of control over the property since it is already rented and a longer lease period might bind the investor to the property. He/She might not be able to make any modifications to the property until it is vacated.
3. The creditworthiness of Tenant: It is a must for the investor to check the creditworthiness and the profile of the tenant. The tenant should have a stable and long term business. Many government companies, banks and FMCG’s are known to have a better holding capacity than some companies who might vacate in the absence of finding the required business.

CONCLUSION

The purchase decision for a pre-rented property depends solely on the buyer’s expectation. If the buyer wants more control, it is not a suitable option but on the other hand, if the buyer himself wants to rent it, then it is a very convenient option as it saves the buyer hassle of finding the tenant. Assured stable returns and capital appreciation make this arrangement widely popular for the commercial real estate market. In the current scenario with renting space witnessing a high growth keeping in trend with the whole real estate market, pre-rented properties offer high utility.

Source: https://www.spacecreattors.com/blog/investment-in-pre-rented-property.php