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Growing investment opportunities for medical professionals

The medical fraternity in India has never had a single window opportunity to invest smartly in real estate. Considering the round the clock professional commitments they keep, they rarely get the time to look at real estate as a critical component of their service offering - that can help take their services to new residential & business catchment and meet an ever-growing demand. With rising lifestyle diseases, greater health awareness and increasing insurance penetration, there is a strong demand from upcoming urban mid to high-income residential settlements for quality healthcare. Most often doctors are left at the mercy of misleading estate agents who would lead them to buy either overly expensive commercial properties at high footfall areas for their clinics or suggest unviable locations without any guarantee of footfalls or return on investment. Things have changed since. Now the medical fraternity has the opportunity to invest smart in dedicated medical hubs that are coming up as an integral part of new real estate developments directly from reputed builders. These hubs are usually situated within integrated mixed-use projects thus ensuring a steady footfall from both residential and office goers. And designed keeping in mind the professional needs of doctors along with attached washrooms, with a common grand reception, waiting lounge, cafeteria, lab & testing facilities, pharmacy & essential health services that are common to all. The option of buying a home and a clinic within a modern gated mixed-use community is advantageous in many ways since doctors always remain on call. And the proximity of support services like labs, chemists and para-medical services etc. that are a part of these dedicated hubs make it easier to respond to emergencies in quick time. Self-employed physicians, dentists and other private practitioners should consider buying their own commercial properties in these hubs instead of renting or leasing early in their professional careers. Early investors get inaugural discounts that make the deal much cheaper than other options and assure returns from the day of investment. Most banks extend easy loan options too. Says Mr. Anil Mithas, CMD of Mithas Group,“We have launched dedicated Medifloors at Unnati Fortune World, Sector 144, Noida Expressway after careful consideration and studying the growing surge in that region. We continuously interact with the medical fraternity to educate and highlight them about the available opportunities. In fact, I would even go to the extent of saying that medical students or their parents should invest in at least one such commercial space while they are studying. The entry level investment right now is low, and by the time they are ready to practice, they will have their very own clinic which will be fully ready to welcome clients.” With the ‘Invest & Rent option’ the financial advantage of a doctor owning his or her own space is even greater. They can accommodate other commercial tenants as well, if he/she doesn’t intend to use all of the space. Real estate also adds diversification to his or her holdings, which decreases portfolio risk and volatility. Another good reason for doctors to consider owning real estate in a medical hub is because it can be a great supplement to retirement income once he stops regular practice. So it is strongly recommended for medical practitioners to go ahead and make a smart investment in your own financial health without further delay. Source- http://mithasgroup.com/