The answer to this is fairly straightforward- location and innovation. Those real estate projects located in areas considered central or posh tend to be valued higher and are considered more profitable to invest in. This is why real estate developers build structures in locations where they know people would like to be, and thus, be more likely to spend money.
Would you prefer investing the same money in an office located in a grand shopping mall or in a congested area that is considered unsafe? Definitely the former and that is because of the perks it offers.
It is understood that a business will be seen as being more reputable if its office is located in a better area; however, there is a lot more to being in a location than just its reputation. A better location brings forth numerous opportunities including access to an exclusive clientele as well as easier usage of public transport for employees and clients. It is common to see several established businesses having their offices located in the same area or building.
This gives them the opportunity to mingle and approach the clientele they would otherwise not have access to. The same goes for access to transport. Public transport can be a significant determinant for individuals, especially employees when picking an office to work at. Employees who do not use personal vehicles to commute have no option but to use public transport.
A commercial and centrally located office building will have better access to public transport as there will be greater demand for buses, taxis, etc. Thus, a central office location can encourage employees to accept employment and work comfortably, knowing that their commute to and from work will not be inconvenient or difficult.
Additionally, even those looking to make safe investments must take into consideration that picking a project in a good area is more likely to bring a quicker return on investment. This is because higher rent rates can be charged, and the value of the office will only increase with time if they ever want to sell their property.
It is understood that the location of a project is equally important for investors as it is for real estate developers, therefore, projects constructed in better locations tend to gain more attention and stand out.
Innovation and technology
It is often assumed that the location of a real estate project is what makes or breaks it, and even though this is true, there are several other factors that are equally important.
With technological advancements growing exponentially in all aspects of life, it comes as no surprise that nowadays even real estate developers are looking to add technological features to their projects. Such features can convince individuals, including investors, that a project is worth spending time and money on.
Projects constructed using advanced technology and innovation stand out significantly more as compared to projects that are simple and basic. Office buildings are more than just getting into an elevator, getting off on a certain floor, and sitting behind a desk for over eight hours a day.
They are about creating a memorable time for all those individuals that enter and leave the building every day, something that can be achieved using innovation and technology. A building that provides high-tech facilities and smart features is giving individuals an opportunity to have a seamless experience- something that may be more valuable than monetary benefits for some!
What does Citadel 7 have to offer?
Citadel 7, a CDA-approved project by Chakor Ventures, is possibly the best property investment in Islamabad that provides investors and businesses with a fantastic opportunity to experience real estate like never before. The benefits mentioned above will all be possessed by Citadel 7, not to mention the numerous other state-of-the-art features that should not be missed out on.
Located in Blue Area Islamabad, Citadel 7 will offer access to the top clientele in the city, as well as the incredible metro that has its station located right opposite the structure- offering incredible travel convenience for all clients and employees and making it stand out from structures located in other areas.
And yes, it is even better on the inside! With features never before seen in Pakistan, Citadel 7 is something all investors must keep their eyes open for. Exclusive high-speed elevators, backup power for offices, dedicated parking spaces, and lobbies with centralized atriums are just some of the many features that Citadel 7 provides, making it stand out from other structures, and being an excellent addition to the property business in Pakistan.
