3 Essential Features of a Good Commercial Space

by Mohit Sharma Advance India Projects Limited

The extravagant lifestyle of the majority of people of Punjab is known to all. People here love to shop and eat to their heart’s content and aim at living a life truly king size. Due to the consumerist approach of the people here, opening a retail store in Punjab can definitely be a profitable venture.

However, before opening a store, one has to choose a commercial space in which they would set up their shop. Nowadays, people prefer to visit commercial spaces like malls, shopping complexes, and supermarkets in order to purchase the commodities of their requirement than isolated stores. By choosing the right commercial space, a shop-owner can ensure a great footfall at their store which would automatically elevate the chances of their high profits.

Here are some of the essential features of a good commercial space:

· Aesthetic appeal: The commercial space should be well-designed and attractive looking. The architecture of the building should be extremely impressive in order magnetize customers towards it. No business can run without customers and no prospective customers would like to visit a shabby looking space. A good-looking building structure would encourage passersby to take a look inside, which would help the shops to gain more prospective customers.

· Location: A good commercial space must be located at a place which can attract the maximum number of people. One of the best places to open a shop in Punjab would be in Khanna – Gobindgarh area. This is a central catchment area that attracts customers from several towns including Doraha, Sirhind, Amloh, Fatehgarh Sahib, and Mandi, Gobindgarh. A majority of the population near this area is quite prosperous and therefore, has a significant purchasing power. By choosing to buy a shop in Khanna, a person is quite likely to have a flourishing business. This is owing to the high propensity to shop of the people here, which mostly consists of nuclear families with a rising scale of income.

· Amenities: A commercial space should offer certain modern amenities for the convenience of customers, as well as, the shop owners. Few of those indispensable amenities are:

ü Large parking space: Customers and shop owners should not have to face any problems in parking their car. There should be an ample parking space available for every person that visits the commercial space. Additionally, there should be an intelligent parking system present in order to aid people.

ü Individual air-conditioned stores: Air conditioning has become a necessity in the contemporary times. There should be an air-conditioning system in every store so that customers can move freely without facing any discomfort.

ü Escalators and lifts: No one likes to climb stairs while indulging in an enjoyable experience like shopping. Additionally, stairs can be quite troublesome to climb for the elderly people. Therefore, there should be both lifts and escalators available in a commercial space for the ease of the customers.

In addition to the above-mentioned points, every good commercial property in Amritsar should have multiple CCTV cameras present in their premises to ensure the safety of the people inside it. Thus, before choosing a commercial space for their shop, a person should also make sure that the Common Area Maintenance (CAM) charges of the establishment are affordable and reasonable.