How Does Growth in Infrastructure Strengthen the Real Estate Sector?

Posted on by Nima Bendavood
Nima Bendavood

Infrastructure plays a crucial role in the development of any economy, and its growth has a direct impact on the real estate sector. The expansion and improvement of infrastructure, such as roads, bridges, airports, and public transportation systems, not only enhances connectivity but also increases the value of surrounding properties. Growing infrastructure attracts business, increases job opportunities,and increases the demand for rental properties. The work, demand and growing infrastructure puts positive impact on the real estate field. Here Nima Bendavood is going to discuss the role of growing infrastructure on real estate..

Attracts Businesses

If the area will be developed then it will attract more businessmen. First, improved infrastructure attracts businesses to an area. Companies are more likely to establish their offices or factories in locations with good transportation networks and easy accessibility. This influx of businesses leads to an increased demand for commercial real estate, driving up property prices. Additionally, the presence of well-developed infrastructure can also attract foreign direct investment (FDI), further boosting economic growth and creating more opportunities for real estate development.

Increases job opportunities:

Robust infrastructure attracts businesses and industries to an area, leading to increased job opportunities. This results in a higher demand for housing and commercial spaces, thereby boosting the real estate market.

Additionally, improved infrastructure such as schools, hospitals, shopping centers, and recreational facilities make an area more desirable for potential buyers or renters. Overall numerous job opportunities will become available for employees.

Increase Demand for Rental Property:

Nima Bendavood: Infrastructure development plays a crucial role in shaping the real estate market. As cities expand and modernize, the demand for rental properties increases significantly. With the area development job opportunity will also increase. As a result, the demand for rental properties rises as newcomers require housing options.The rental prices also increase in these areas.

Improves different Regions Connectivity:

Secondly, growth in infrastructure improves connectivity between different regions. This allows people to commute easily from suburban areas to urban centers for work or leisure activities.  As a result, the demand for housing in these suburban areas increases significantly. Real estate developers seize this opportunity by constructing residential complexes or townships near major transportation hubs or highways.

Improves the Overall Economy of the Region:

Furthermore, improved infrastructure facilities like schools, hospitals, shopping malls, and recreational centers make an area more livable and desirable for residents. These amenities enhance the quality of life and attract potential homebuyers or renters. Consequently, the demand for residential properties rises along with their prices.

Wrapping up:

In conclusion, Nima Bendavood says growth in infrastructure strengthens the real estate sector by attracting businesses and FDI while increasing property values due to enhanced connectivity and improved livability factors. Therefore, it is essential for governments and policymakers to prioritize investments in infrastructure development as it directly contributes to economic growth and prosperity within the real estate industry.

How Digitization Has Made Real Estate More Customer Centric

Posted on by Nima Bendavood
Nima Bendavood - Real Estate

Digitization in real estate refers to the process of converting physical documents and processes into digital formats. Digitization has revolutionized the real estate industry, making it more customer-centric than ever before. With the advent of technology, customers can now access information about properties from anywhere in the world, at any time. This has made it easier for them to make informed decisions about buying or renting properties. Digitization has enabled real estate companies to offer their services online, making it easier for customers to access information about properties and make purchases from anywhere in the world hassle-free. Let’s discuss with Nima Bendavood how digitization has changed and revolutionized the real estate field.

Online Property Listing:

One of the ways digitization has made real estate more customer-centric is through online property listings. Real estate agents and property owners can now list their properties on various online platforms, providing customers with detailed information about each property. Customers can view photos and videos of properties, as well as virtual tours that give them a feel for what it would be like to live there.

Virtual Tours:

Nima Bendavood:  Another way digitization has made real estate more customer-centric is through virtual tours. Customers can now view properties virtually, giving them a realistic sense of what it would be like to live in a particular property. This helps customers make better-informed decisions about whether or not they want to pursue a particular property. This is the best option if you have no time to visit the site physically.

Role of Online Communication Channel:

Another way digitization has made real estate more customer-centric is through online communication channels. With email, messaging apps, and video conferencing tools readily available, agents can communicate with clients quickly and easily. This makes it easier for them to ask questions and get answers quickly without having to visit the property physically.

Transparency:

Digitization has also made real estate companies more transparent in their operations. Customers can now access information about properties such as pricing history, ownership records, and other relevant data that was previously difficult to obtain. Pricing and property details are transparent to both parties.

Wrapping Up

In conclusion, Nima Bendavood says, digitization has transformed the real estate industry by making it more customer-centric than ever before. Digitization has countless advantages. One of the key benefits of digitization is that it has made property transactions faster and more efficient.

With online property listings and communication channels, customers have greater access to information and are better equipped to make informed decisions about buying or renting properties. The work of searching for the property becomes much easier. With virtual tour technologies, customers can view their property from their location. With virtual tour technologies customers as well as clients do not need to visit the property. As technology continues to evolve, we can expect even more innovations that will further enhance the customer experience in the real estate industry. With the growth in technology, we can expect further improvements in how real estate businesses operate and serve their customers.

Types of Commercial Property

Posted on by Nima Bendavood
Nima Bendavood Commercial Property

Commercial property is a real estate investment that you make to earn rental income. It can be used as an office, retail, apartment, or any other type of business. Let’s discuss the types of commercial property with Nima Bendavood.

The Most Common Types of Commercial Properties Are:

Office Buildings

These are usually located in cities and towns where there are many people to serve them. They have high demand since they provide numerous services such as workspaces and meeting rooms. Office buildings also provide parking spaces for their customers, which is another reason why they have high demand. However, in recent years and especially due to covid, the demand for office has decreased to historic levels due to option of remote working.

Apartments

Nima Bendavood: Apartment buildings are one of the most in demand types of commercial properties today. As more people move to the urban and large cities, the demand for apartments has increased which has pushed rental prices to historic levels. People will always need a place to call home, so It’s expected that apartment will be a very safe investment for the foreseeable future.

Retail Centers:

Retail centers are one of the most common types of commercial property. They are usually located in shopping malls, strip centers, and mixed-use developments. Retail centers typically include a variety of stores and services under one roof and offer tenants access to parking, loading docks, security cameras, and other amenities that they would not have otherwise.

Hotels

The hospitality/hotel industry is one of the most ever-changing types of commercial real estate. Hotels are usually more susceptible to market changes because when the economy goes down people have less money to travel and when the market is up people have higher wages and can afford to travel. There are two main groups of hotel customers which would be either for vacation or for corporate guests who are office employees needing to travel to fulfill their job duties.

How Do I Invest In Commercial Property?

The best way to invest in commercial property is by buying a good quality, well-located building. The first step is to determine the type of commercial property that you want and then find out what it would cost to buy it. If the price seems reasonable, then you can proceed with your purchase.

You should know about the market for your product or service before you start looking for an office building, retail shop, or warehouse space.

Wrapping-Up:

Nima Bendavood says commercial property is a good investment option because it offers steady and consistent returns. It can be used to generate income, but it also has the potential of generating capital gains if you sell it at a higher price than when you bought it. The main advantage of commercial real estate investing is that there is less risk involved as such properties can generate fairly steady cash flow.