Prayagraj, for long known as Allahabad, Considered one of the holiest cities; it is located at the confluence of three rivers Ganga, Yamuna, and mythical Saraswati. Sangam gets the city its name – Prayag – meaning a venue for offering.
Prayagraj is located in the southern part of Uttar Pradesh. The city is known for its colleges, research institutions and offices of the central and state governments. Tourism is a major source of income. Besides, real estate and financial services are contributing substantially to city’s economy.
If you are fascinated by city’s charm and intend to invest in some form, there are strong reasons for doing so.
This is the puzzling question people ask realtors. Should I Buy or rent a commercial Land? The question is simple. But answering that question is not easy.
Your business type answers this question. If you are applying for a loan requesting a huge amount, then go with a rental. Because bank interests are very high.
If you are planning to buy a commercial property and rent it for a monthly income, then analyze the market properly. Just consult a realtor to get as many details as possible.
If you ask me personally, I would prefer buying commercial land and build something as per my plan. Commercial land for rent in allahabad is a good option for the investment purpose.
In commercial land, location decides your success. If it is located in a prime location with the right audience, then nobody can stop you. Money will shower like anything.
Let’s say you are going to run a hotel business, what would you prefer; a main road or some street for which you have to take 10 turns.
Prime location with good road connectivity is a jackpot. These locations have good foot traffic and easy access. Know your customer better. Think like a customer and decide your location.
Civil line is very prime location in Prayagraj for commercial land.
Commercial land Price-
If we talk about the price of commercial land, then the rates of the patches made by PDA range from 10,000 to ₹ 20,000 square feet. The rental of the commercial land with freehold is around ₹5 to 8 rupees square feet. The big companies that take commercial land for rent; they build the yard where those vehicles are parked.