Grade-A Office Space
Grade-A office is the safest and most liquid commercial category for individual investors. Characteristics: central AC, modern building management systems, fire suppression, 100% power backup, and professional facility management. Tenants are typically IT/ITES companies, financial services, pharma, and corporates — providing strong covenant quality.
In Ahmedabad, Grade-A office demand is concentrated in Prahladnagar Corporate Road, SG Highway, CG Road, and GIFT City. Gross yield on Grade-A preleased office: 6.5–8.5%. Minimum investment: ₹50L (strata office), ₹3–10 Cr (whole floor).
High-Street and Mall Retail Space
Retail space offers higher headline yield (8–12%) but significantly more tenant risk. High-street retail on established corridors (Sindhu Bhavan Road, CG Road) is anchored by F&B chains, lifestyle brands, and specialty retail — delivering stable income from credible tenants.
Mall retail (strata shops within shopping centres) is higher risk for individual investors: mall management quality, footfall sustainability, and co-tenancy (anchor tenant departures) all affect individual unit performance. PIKORUA does not recommend mall strata units as a starting point for HNI investors — the risk-return ratio is less attractive than Grade-A office.
Industrial and Warehousing
India's logistics sector expansion — driven by e-commerce growth and the China+1 manufacturing strategy — has made industrial and warehousing the most institutionally active commercial category since 2021. Individual investors can access this market through: direct industrial shed ownership in GIDC estates (Sanand, Vatva, Naroda), logistics park strata units, or cold storage facilities.
Ahmedabad's industrial zones in Sanand (auto cluster), Naroda (textile/pharmaceutical), and Vatva (chemical/light engineering) offer yields of 5–8% with triple-net leases to manufacturing tenants — meaning tenant pays all operating costs including property tax and maintenance.
