Month: November 2020

The Real Estate business has grown in India for a decade. It expanded since the implementation of the smart city mission, start-up India mission, and RERA project. And these missions had increased the demand for commercial real estate in India.
So, no doubt buying commercial property for sale can give you high returns. Yet it can be risky because it demands huge money. Consider to buy commercial land can be a life-changing decision. One should know what the future of your investment in land is. The property must have agents, buyers, and sellers.

Buying office space, for your own business, is challenging because real estate investment becomes risky sometimes. It requires a full comparison and analysis. If you are planning to buy commercial property in Zirakpur, there are 5 tips you must consider before taking any big step:

1. PROPERTY BACKGROUND

Zirakpur is a satellite town that comes in Mohali District. It is established on the Shivalik hills. As it’s a gateway to Chandigarh, so the demand for office spaces in Zirakpur has increased.
There are many commercial office spaces for sale in Zirakpur. So you always have numerous options. But checking the background of the property is necessary. Don’t take any risk and never buy a commercial space without detailing the background. Check its ratings and reviews on the social media platform. The deeper you search, the more confident you will be about your decision.
Consider suggestions of localities if you know any. You have to decide whether you want to buy commercial property or not. Before buying land, educate yourself enough on commercial real estate investing. Furthermore, when buying a commercial property, you must consider a better location. Commercial property investment will be fruitful.

2. INVESTMENT STRATEGY

Before you buy commercial offices space in Zirakpur, analyze your financial position. It’s a primary step but necessary. If you are going to take a loan, then make sure it’s feasible to pay EMIs. And also, before buying determine the scope of generating income from your commercial property.
Even if there is no rental income from the property, you should be able to give EMI. And also you must calculate the risks involved in the whole business.

3. EXPERT ADVICE

It would be best if you estimate the exact price of commercial shops for sale in Zirakpur. Because dealing with commercial property can be difficult for a newbie in the industry.
Therefore before buying any property, one should consult a financial advisor and then plan further accordingly. The complicated tax implications can be challenging to analyze in a real estate transaction.

4. PLANNED INFRASTRUCTURE

Remember that the best commercial property always demands a well-planned infrastructure. Along with your convince, find out the options that are best for your employees and you as well.
Additionally make sure that the commercial property you buy is surrounded by cafes, ATMs, shopping malls, and other modes of communication. Plus the property must be flexible for rental purposes and your own business.

5. KNOW THE NEIGHBORHOOD

Infrastructure development undertaken by the government has both a positive and negative impact. Make sure your area has fewer chances of natural calamities like drought, floods, earthquakes, etc.
Also make sure there must be things like lift (if needed), parking space, electricity, water facility, and internet before financing a commercial property for sale.

CONCLUSION

Investing in the real estate business is one of the major decisions you would ever make. This process is enticing and complicated too. Never get overwhelmed and end up making the wrong choices.
You probably have made your mind to buy showroom in Zirakpur or commercial property in Zirakpur. Before financing, make sure that the property fits in the budget, in a good location, legal, and beneficial for the future.
If you are new to all this journey of financing commercial property, it’s advisable to surround yourself with experienced professionals. Read more blogs CLICK…  

Investing in the Real estate has always been a smart move to secure a reliable source of passive income for a long time. Unlike residential property, commercial real estate is witnessing a massive and steady demand and an increase in prices over the last few years.

Commercial Real Estates host a great venture to make big profit and money like no other sector at present. No matter why you’re purchasing a piece of property, to run a business, or to rent it, you’d never get a single point to regret later!

However, it is imperative to go for complete due diligence to uncover hidden, nasty surprises before you buy! Simply put, buying or investing in property involves more than just admiring the view and the bubbling stream or finding which spot would be best for your business space. The due diligence has a lot more to think about.

If you’re contemplating trying your hand into commercial properties, we can help you out to make a fruitful and productive investment.

This post showcases some of the most pivotal aspects to help you get a clear cut view of the best commercial property in Zirakpur for commercial investments.

Let’s cover them all for you.

Investment in commercial properties – a great way to earn big money 

Despite the category you’re interested in – be it commercial, retail or industry, the territory of the real estate market has a lot more to serve you with best.

In addition to offering a stable and rich source of income, you get benefits in multiple ways. Here is how:

• Pride of ownership
• Cash Flow Stability
• Tax Benefits
• Superior Hedge Against Inflation
• Excellent Capital Appreciation
• More tenants equal less risk
• Security Advantage

Prerequisite before your drag your amount into real estate:

The prime goal of investing in real estate property is to receive the highest possible rate of return. Therefore, the decision making cycle involves a great number of factors to look upon before you commit to any parcel of vacant or commercial land. In fact, it is the most prominent phase of property buying that literally determines your profit at the end. The reason; looking at a commercial piece of property isn’t enough to tell you what you’re really buying is worthy or not.

For retail investors, the key considerations for investing in commercial assets should include:

• Risk appetite
• Investment horizon
• Purpose of investment (rental return, long-term investment, and diversification).
• Location of the project
• Micro-market performance,
• Project quality
• Lease covenants (rent, escalation, lock-in period, etc.)

In addition to these, land surveying should also be a part of the due diligence process to avoid property disputes and conflict and boundaries restrictions. However, it’s imperative to see whether the micro-market is preferred by a diverse occupier mix or a specific industry to ensure great future returns after pouring a big amount into the market.

Need Professional Help? Then look no further!

We at Maya garden magnesia are dedicated to providing the best property advisory services for residential and commercial real estate property for both professionals and individuals investors. Our services are grounded in value, affordability, and commitment. Further, the factor that separates us from other leading competitors is our vast industry knowledge that combines great years of experience to offer you with best pieces of property advisory. Over the years, we have earned an impeccable reputation and brand value that speak well for the quality & commitments we serve.

Contacts us for free property quotes. Get your own commercial space now!

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