Many companies across the country have started calling their employees to work. Many of them are following the hybrid model of work, in which employees have the privilege of splitting their work time for office and home. And there are very few that are still working fully on a remote basis. And those that are still working remotely are thinking about coming back to the office soon. This is great news not only for employees who have been awaiting their return to the office but also for the commercial real estate industry.
Like all the other sectors, commercial real estate also suffered huge losses due to the pandemic. As most of the companies went remote and lockdowns forced businesses that were plying their trade from shopping malls and commercial complexes to shut up shop, the commercial real estate spaces experienced a downward plunge that no one would have envisaged a few months before the first lockdown. This period of about a year and a half is a forgettable time for almost everyone in commercial real estate. The occupancy of commercial spaces dipped to an all-time low and things were looking desperate only a few months back.
But fortunately enough for everyone, things are starting to look up now. The market is slowly and steadily blossoming and this is the ideal time to invest in commercial real estate. We all saw the worst of COVID in the first and the second wave. However, that period of uncertainty is behind. The development of effective vaccines to combat the further spread of the coronavirus stopped the once imminent third wave in its tracks. We are now living in a world that is full of hope and trust. And that hope and trust have transferred into every aspect of our personal and professional lives.
Commercial real estate, which saw its worst-ever time in the last one year or so, has turned the corner. We are slowly seeing a rise in the demand for commercial shops in Ghaziabad and all the other prominent locations in Delhi NCR and across the country. Shops in shopping malls in Ghaziabad and other locations have again become the topic of discussion amongst investors. And if you are also an investor who was waiting in the wings, looking for the market to get back on track, this is your time to make hay. And buying a shop in a commercial project like Himalaya City Center in Raj Nagar Extension, Ghaziabad at this time will give you the opportunity to enjoy the strategic benefits that come with making an investment during a transition period. It is not just about investing at the right time. Investing in the right commercial property holds as much significance when it comes to sustainability and return on investment amongst other things. Himalaya City Center, an upcoming shopping mall in Raj Nagar Extension, is expected to be a great investment option. It promises to be a great opportunity for all those investors who are looking to invest in commercial shops for sale in Raj Nagar Extension, Ghaziabad or any other location, post-pandemic.