Real estate in Pakistan can be divided into many types, with the most common ones being residential, commercial, and mixed-use real estate. In fact, most residential buildings built on major thoroughfares all over the country are a mix of residential and commercial real estate, with apartments beginning from the 1st floor, after the mezzanine and road facing shops and stores located on the ground floor. Thus, living close to a commercial hub is a pretty common occurrence for most Pakistanis who are accustomed to apartment living, but here are some of the core benefits of living near a commercial area.
Advantages of Buying a Home near a Commercial Area
Regardless of whether you’re choosing an apartment, or are looking for a house located just off the street from a commercial centre, here are some of the top benefits of living near a commercial area:
- Proximity to shops
- Better access to amenities
- Easy commute to other parts of the town
- Excellent Return-On-Investment (ROI)
- Better business and employment opportunities
Let’s discuss these advantages of living close to a commercial hub in detail now.
Proximity to Shops
If you’re considering the advantages of buying a home near a commercial area, this is one of the biggest ones. Whether you live in a city with an active nightlife like Karachi or in the capital city of Islamabad where everyone heads to bed early, being close to a commercial area means you have access to general stores and marts at the oddest of hours.
From small eateries to branded restaurants and malls, commercial centres give you a chance to leave your car parked at home and simply walk to your destination in a matter of minutes. Living above a mall gives you similar convenience, allowing you to take a trip to your favourite stores at any time during the day.
Better Amenities and Facilities
Most commercial areas are well stocked with an array of shops. From beauty parlours and barbers to grocery stores, pharmacies, and stationery stores; there’s a lot that can be found in a commercial area near a residential settlement. Thus, you do not have to go far to avail the best facilities. Whether you’re craving a spa day or want to work out at a gym, there’ll be plenty of options available when you’re living close to a commercial hub.
Easy Commute to Other Parts of Town
Mixed-use real estate is also generally located close to public transport facilities, allowing you to catch a Metro in some cities and a rickshaw or bus in the others. This means that your home is centrally located to ensure easy commute to all parts of the city, which might not be the case if you live in a purely residential community on the outskirts of town or within secured and gated surroundings.
Excellent Return-on-Investment (ROI)
High property appreciation values can be expected as one of the given benefits of living near a commercial area, as there will always be a demand for homes and flats located as close to the shops as possible. This results in excellent Return-on-Investment (ROI) when you consider selling the property, and that’s why living close to a commercial hub is also a great investment opportunity in the long run with commercial property prices being on the rise.
Rental rates for flats in a commercial centre will also always be higher because the proximity to amenities means added convenience for the tenants. Thus, homes and flats in commercial hubs can offer great rental prospects too.
Better Business and Employment Opportunities
If you own a shop or store, there can be nothing better than walking down the street to your workplace. Living in a commercial area can allow you to run your business from home or in your locality without having to venture further into town, looking for work and business opportunities. Living in a commercial area can also be good for retirees as they not only get a chance to interact socially with the neighbours and be active in their immediate surroundings but can also find small odd jobs or tasks that might keep them busy during their day.
The same is true for all those individuals who work in shops, banks, and salons. If you’re looking for a job and live near a commercial hub, finding a job close to home becomes a high possibility. This not only saves you money on the daily commute but also keeps you close to home in case of emergencies without facing long traffic jams on the way.
These are some of the many benefits of living near a commercial area in any of the major cities in Pakistan. You can begin your search for the perfect property at Zameen.com or email us at blog@zameen.com with your questions. If you prefer living near commercial areas in Karachi, you can also check out properties on Tariq Road or homes in Saddar Town. For more lifestyle and property-related posts, keep following Zameen Blog, Pakistan’s leading lifestyle blog.
