Different real estate developers are targeting the growing cities to settle in for their commercial projects. Since, the top cities have become saturated with an unthinkable number of people occupying the area, the developing areas are being freshly considered for their new projects. The business of real estate maintains 8.53% of the total GDP. Surveys have shown that lands in the growing locations are promising enough to yield good future profits. Modinagar is one such city that is well appreciated for the prospects that it offers for a range of investors and builders. The area is full of world-class site assignments for the commercial purposes. Established by the Modi Brothers of Modi Group of Industries, this is known as a municipal board of Ghaziabad in Uttar Pradesh. Famous as Modi Mills House, the area is situated some 45 kms from the Delhi and is popular for having a lot of educational centers.
The city is surveyed to be carrying a demographic stats of 1,82,811 and reports have also found that this number is constantly on the rise. As the site has many projects, there is a heavy population migration that has been reported from the area; this basically is because of the great employment opportunity that the area has, especially Modipur is the one that is favorite of all. For the commercial property projects, the investors see if the site they are investing for carried all the basic amenities that make the area well efficient to be liked commercially. Some of the following factors favor the commercial property in Modinagar set up:
Different types of commercial property projects have been set up for the investors and the builders are still working very close to make available good commercial location for different investors. Commercial properties in the area are available for sale and rent and that too according to the investor’s need. Garages, commercial shops, office site, industrial land, business floors etc are different commercial property types that are available for sale and rent purposes. The location is basically famous for its commercial property at Sonda and Niwari road and the nearby locations.