Things to Consider while buying Store Space in a Mall in Ghaziabad

Ghaziabad which is a part of the national capital region has emerged as one of the fastest developing cities of North India. The proximity of the city to the National Capital Region is one of major reasons for the quick growth of Ghaziabad. The opening of the offices of major software and IT companies in Ghaziabad, there has been a marked increase in the demand for office spaces, retail stores and other types of commercial properties in the region. The migration of youngsters with higher amount of disposable incomes into Ghaziabad has also indirectly led, to the growth in the demand for retail spaces in the city. Having observed this trend, reputed real estate development firms have been investing increasingly in the development of high-end shopping complexes and malls in the city. Thus, if you are thinking from an investment point of view, then purchasing a space within a shopping complex in Ghaziabad will definitely prove to be lucrative.

Points to Consider while Purchasing a Shop Space in Ghaziabad

When you check out shops for sale in Ghaziabad, it is advisable that you visit the shopping complexes and malls being developed by reputed real estate development firms. These shopping complexes come replete with modern amenities like extensive parking areas and power back up. These facilities are essential to ensure that your customers are able to shop with ease. Subsequently, these amenities can also boost your business. Listed below are some other points to consider while checking out shops for sale in Ghaziabad:

• If you want to set up a retail store, then it is advisable that you purchase a store space which is a unit of a shopping complex.
• You should also ensure that within the shopping complex too, your shop should be located in a position that receives the maximum footfall
• Also, when looking to buy a shop you should select a property that also has a food court and movie theatre as that will ensure higher footfall and better business

Thus, if you purchase a store space within a shopping mall, you can be assured that you will enjoy excellent returns on the investment as well as earn great profits from the business venture that you intend to set up there.

Eligibility Criteria for the PMAY Scheme

The Pradhan Mantri Awas Yojana is an initiative undertaken by the government of India to provide affordable housing facilities to all sections of the society. The scheme aims to build over 20 million affordable houses over the next few years, in order to ensure that every citizen of India has a home to call his or her own.  The scheme aims to provide affordable housing to both urban and rural residents of the country. It was launched by the Prime Minister in the year 2015. In essence, the PMAY scheme aims to provide a subsidy on housing loans to prospective homebuyers. The extent of the subsidy will vary depending on the socioeconomic status of the homebuyer. The houses constructed under the PMAY scheme shall be built so as to be eco-friendly and sustainable.

Mentioned below are the broad outlines of the eligibility criteria that those wanting to apply for the Pradhan Mantri Awas Yojana must meet:

• The applicant must not own a pucca house in any part of the country. The immediate family members of the applicant should also not own such a house in India in their names.
• The applicant must never have availed the benefits of a central or state housing scheme in the past. Nor should any of his or her immediate family members have done so.
• The property that shall be bought under the PMAY scheme must be wholly or partly owned by at least one adult female member of the applicant’s family.
• The property must ideally be located in a statutory town, as defined by the 2011 census. The property can also be located in the adjacent planning area of one such town.
• The household income of the family applying for the PMAY scheme must not exceed the amount of rs.18 lakh per annum.  

These are some of the factors that you must keep in mind if you are planning to apply for the Pradhan Mantri Awas Yojana and thereby build a house of your own. You should visit the websites of some of the most renowned property developers in the country to know more about the best residential projects developed under the PMAY scheme.