Sports always have a positive impact on business activities in different locations. Particularly, if a sports stadium is built near a location, it could be a blessing in disguise for it, every way you look at it. And as we all know, cricket is not just a sport but a religion in India. Cricket stars are lauded and even worshipped in some corners of the country and cricket fans can give anything to get a glimpse of their favourite stars. Now, the latest talk is that BCCI is planning to build a cricket stadium in Ghaziabad very soon. This is great news for the entire Ghaziabad, especially for areas that will be near this stadium.
If an international cricket stadium is built in Ghaziabad, it will have a great impact on both the residential as well as commercial real estate in and around the area. Talking specifically about commercial real estate, investing in such a property could be the decision you will ever make as an investor. So, if you are looking for such a commercial property in Ghaziabad that will be located close to the proposed cricket stadium, you won’t find a better option than Himalaya City Center in Raj Nagar Extension. It is a commercial high-street property located in one of the most prime locations in Ghaziabad.
A cricket stadium can be an attraction to visitors and athletes which attract people from all over the world. These developments have been proven to increase property values, sales price appreciation, rental cap rates, and employment opportunities. They also provide peace of mind knowing that your investment is protected no matter what the market situation.
The presence of a cricket stadium nearby commercial real estate will give rise to increase in footfall because people will be attracted towards this place due to its exciting activities like watching sports matches. This will result in an increase in business transactions as well as employee numbers at these locations since they provide convenience for customers who come daily from near and far places respectively.
Cricket stadiums bring more people to the surrounding commercial real estate, which means more customers and sales. The same can be said for hotels and restaurants, entertainment venues and tourist attractions. If you’re looking to buy a piece of property near a cricket stadium, there are many benefits to consider. You will never have to worry about selling your property at a lower price. Your tenancy rates will always be high as businesses will do anything to rent a shop in such a location. Also, if you have a business idea of your own, you will never find a better place to manifest it.
Cricket stadiums can be a great asset to your portfolio. It’s important to understand the economics of these facilities and find a way to make them work for you. In this article, we have described some of the benefits that come with owning commercial real estate near cricket stadiums. We hope that you now have a better understanding of how these stadiums will benefit your business or project!