Review : Investment in Hermitage Plaza, Zirakpur, Chandigarh, Loss or Profit

Chandigarh

Investors Vote
[Total: 17 Average: 3.3]

As per Location
The Hermitage Plaza is situated at K Area, NAC Zirakpur, Near Bauli Sahib Gurudwara Chandigarh. The project is right in the middle of the high-density population area of Zirakpur.

Chandigarh international airport is just a 15-minutes drive from Hermitage Plaza. The project is properly connected with the main points of Chandigarh & Zirakpur city. The Hermitage Plaza is very well connected to the residential sectors of Zirakpur.

Prominent institutions & schools are in the closest proximity such as Kendriya Vidyalaya, Delhi World Public School, etc. The Hermitage Plaza is very well connected to multiple public transpiration facilities and other civic facilities. Overall, Hermitage Plaza is an approachable location commercial property.

Possession | Construction Update
The Hermitage Plaza is in the services since the year 2019.

Fact Check
It is the only ready to move in commercial property, adjoined to high-rise residential group housing. Which is a plus point for commercial property investment.

actually, there are several important factors to successfully run a commercial project such as Prime Location, Maximum Visibil Layout design, Multiple Entries, Easy Approach, Urban-Rich Gentry, Civic Facilities, and Limited Supply. If one of these is also lacking then the project may fail. Actually, commercial property investment is a science. If you understand this then you will become a gainer, otherwise loser.

More updating soon…

Products & Developer
The Hermitage Plaza is developed by the Paradigm Business Venture. The project is consists of retail shops, office space, etc.

Builders Profile
Paradigm Business Venture has a good market reputation in Chandigarh real estate market. He has successfully delivered several residential projects in Chandigarh.

Price | Lease Price
Hermitage Plaza retail shops, office spaces,  price starts at approx:-

UNIT TYPE FLOOR PRICE (PSF)
Retail Shops Lower Ground 7,000-8,000
Retail Shops Upper Ground 8,500-9,500
Retail Shops First Floor 6,500
Retail Shops Second Floor 5,500
Office Space Third Floor 4500
SOHO 4Th 50 9Th Floor 5,500

*OTHER CHARGES EXTRA

Conclusion 
Hermitage Plaza is right in the middle of a high-density urban rich residential population of Zirakpur, and can denser more in upcoming years, and which is a good sign for commercial property investment.

More updating soon…

Investors Vote
[Total: 17 Average: 3.3]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

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