Chandigarh: Looking at the current market situation affecting businesses, Punjab-based real estate developer Motia Group has come up with a scheme to support the entrepreneur, which will help the economy grow. The company announced an 18-month free rental period for anyone who decides to open an office at Motiaz Royal Business Park, Zirakpur. The offer does not apply to the co-working spaces.
Commenting on the development, LC Mittal, Director, Motia Group, “Entrepreneurs will only pay maintenance fee for 18 months,they will not pay rent. The step is being taken to encourage entrepreneurs and startups. Business development is crucial to maintain country’s economic growth, and we want to play our part in the process. We will give office space to corporate & established business houses and not individuals.”
Zirakpur has already established itself as a business-friendly location. Motiaz Royal Business Park situated on Chandigarh-Delhi Highway has more than 100 offices already operating. The commercial project has office spaces varying in sizes from 500 sq ft to 20,000 sq ft in furnished as well as unfurnished options.
Talking about the commercial viability, Mittal says, “With Chandigarh on the map for NRIs, the opening of properties in Zirakpur near Airport Road has provided them with the opportunity to expect high returns on their investment. It also has good access to important locations, close proximity to tourist attractions, and a high quality of life, making it a popular place to buy/invest. Furthermore, property investment is secure because you will earn a return on your investment, whether by rental or capital appreciation; short-term capital appreciation is expected to vary between 10% and 12%.”
Spread over 3 acre, the project is an ideal location for multiple businesses. Intelligent planning and a business-friendly ambience make the project stand out from others. The business park is replete with all modern business facilities and the necessary infrastructure to support growing businesses. It also has on-site parking, 24-hour surveillance, and power backup. “The area’s growth potential is immense, and many corporate houses have already invested in this location. Proximity to the international airport and IT city makes business operations easier,” adds Mittal.
