Tag: Commercial Property

Commercial Property in Gurgaon a Booming Industry

Posted on by blogger

Growth in the real estate sector of any nation indicates the growth of nation. In the same way growth of any nation is very much depends on the rising needs and demand of commercial property. Increasing growth in the commercial property indicates expansion and prosperity. Rapid growth in economy can be felt everywhere. Commercial property is real estate property that is used for business and it indicates any type of business in which the production of goods is not involved. One of the biggest business decisions you could make is whether to buy an office space or find a commercial property to let. For whatever purpose you are investing, it’s likely to be your largest asset and possibly your biggest expense. Increase in the number of small business houses, small industries, and self owned establishments is astounding in comparison to the last decade. This is pushing commercial property market and real estate India at top gear. Gurgaon being one of India’s more popular cities is considered as an important and successful commercial center. Those who aspire to make great amount of money can make investment in Affordable Commercial Property In Gurgaon. Nowadays real estate business has gained wide popularity. Therefore more and more people are keen to Buy Commercial Property In Gurgaon. Being a constantly evolving marketplace the commercial property market of Gurgaon is unpredictable. If you are looking forward for a long time investment then choosing a commercial property in Gurgaon is a good option.With the help of internet you can search several commercial property sites that show real estate listings. Thus you can update yourself by browsing the internet regularly. By visiting numerous websites you will be able to select the best available commercial properties. Several kinds of commercial property in Gurgaon such as restaurants, office building, commercial condo, warehouse facility, etc can be purchased. Moreover, purchasing your own commercial property allows you the flexibility of buying larger premises that you actually need. You can then let out the additional space and generate a rental income that you can put towards your monthly commercial mortgage repayments. Real estate investment is considered one of the safest investments in the world. Depending on your budget, you may buy an entire commercial building or just a single unit in it. Thus affordable commercial property in Gurgaon is something that would appeal to intelligent investors who are interested in a good, long-lasting income-producing asset.

Talki Mack is a famous writer who writes about Commercial Property In Gurgaon, Affordable Housing In Gurgaon etc. For more details visit http://kane.co.in

Gurgaon, Perfect City to Buy Residential and Commercial Property

Posted on by blogger

One question for everyone, what will you look while purchasing a commercial property? While most of you may have fair understanding if asked about residential property. To buy commercial property can be somewhat more daunting. Buyer if laborious spend much time in doing market research carefully and select appropriate property making them enjoy capital gains. Usually, there are two reasons of purchasing industrial property – as you need premises for starting a new business or expanding a new one or for investment purposes.

For business purpose

No matter which group of buyer you are but you will need to have property at right location having the potential to appreciate in values etc. For you are buying property for business purposes, the key consideration will be to suit the requirements and specific circumstances of your business. Which may be location, features, and size. Also, it should be close to the infrastructure, major suppliers, or customers. You also need to take into consideration the extra space to construct more rooms if your business is in expansion mode.

Investment purpose

Those looking for buying property for investment purpose are likely to give more focus on the possible return to be earned on the property. Your consideration should include – the property being vacant or tenanted. If you want to rent it, then consider the stability of lease, how much you can rent for the property, chances of increasing rent rates etc. For the recommendation, you should purchase villas in Gurgaon for sale.

The city being proxy to national capital predicts opportunity for higher resale values in the coming of time. According to the news published on May 27, 2013, Haryana chief minister Bhupinder Singh Hooda has made a staggering 54,000 acres of land available for residential, commercial and industrial use. He also notified the successive master plan for Gurgaon in span of six years. If you invest in the city, it will bring you to have greater values in upcoming time.

Property for different business purposes-

Building office

Commercial Property in Shona Road of Gurgaon is perfect location for building multi-story towers. It is the industry hub location and will come to meet all your business demands. Many top business professionals are buying property here to build their own office.

Retail

A different category of business covering wide range of properties is Retail. For this purpose you may require major shopping centers through to strip shop. Commercial Property in Gurgaon suits best for this objective.

Industrial

Your business category may also include warehouses, factories, depots, business parks etc. As for this requirement, the city of Gurgaon is right location to own property. Primary factor regarding Commercial Property in Shona Road is that privately owned infrastructure such as ports, waste, management facilities, and road infrastructure can come to your range. Be it near the NH8 also evaluates the demand of property here.

Of course, with the coming government project, buying property in Gurgaon for commercial or industrial purposes has become an area of great concern. There is boon in selling and purchasing property in the city.

Source of Article: http://goarticles.com/article/Gurgaon-Perfect-City-to-Buy-Residential-and-Commercial-Property/7786516/

Author Bio: This Article is written by Mr. Vipul he is dealing in Residential and Commercial Property in Shona Road, Gurgaon for a long time. He is sharing his great experience in apartments, villas and flats in Gurgaon which all are affordable. To know about upcoming projects visit at http://www.vipulgroup.in/Lavanya-Apartments-Gurgaon

Decide Commercial Property Market Value Before Investing

Posted on by blogger

Commercial property is often used as a source of profit for investors. It can provide great returns with a minimal amount of work. If you are interested in buying commercial real estate, it is important to determine how much the property is worth in terms of market value. This way you will know whether a certain piece of land will be a profitable investment or not.

What is a Commercial Property? Commercial property consists of buildings and land that is specifically zoned for business uses, and not for residential living. This includes all sorts of establishments like industrial buildings, offices and hotels. Things like hospitals, malls, golf courses, self-storage units, and independent retail stores are all meant for commercial purposes. They generate profit for investors either through rental income or from capital gains, when resold at a higher price.

Use the Gross Rent Multiplier (GRM) to Determine Value The value of a commercial property is based on several factors. For instance, more the building generates rental income the more valuable it is in general. This is affected by the location, whether it is in a busy popular area of a business district or whether it is on the outskirts of a town, easily accessible or just out of the way. The property’s worth is also determined by the value of neighboring buildings as well as how much of the similar type of real estate is available in a given area.

Certainly you can find out the market value of the commercial property by hiring a real estate professional, but you can make your own quick calculations to get a rough idea about the worth of a particular estate. This can be done by using this formula:

Market Value= Annual Gross Rent * Gross Rent Multiplier

To use this formula you will obviously need to find out some basic information about the land from the seller or from real estate agent listing the building. You will need to find out how much revenue the property brings in each year in rental income. That is the annual gross income.

The GRM is a ratio of a property’s sales price divided by its annual gross rents. To determine the GRM on your own, you need to get hold of a several listings for properties that are similar to the one you are considering. You find the GRM or each one and average them all together.

Once you have the GRM you will be able to figure out the approximate market value of an investment property. For example, if you know that the its rental incomes total is $100,000 for the year and the average GRM for similar properties is 8, than the value of your prospective investment land is $800,000. Using this formula is pretty accurate, and it will help you as you try to narrow down your selection of buildings to buy. Yet when it’s time to actually buy the building, you will need a professional appraiser to satisfy the requirements of your investment loan.

Commercial property investment is a vital task; hence determine the property market value before investing in it, in order to ensure a profitable investment move in terms of capital gains and rental income. KISCL program will assist in the dealings, visit http://www.kiscl.com.

Hike in Collector rates – Property market in Zirakpur suffers

Posted on by blogger

Hike in Collector rates – Property market in Zirakpur suffers Owning a property in chandigarh has become a costly affair as the collector rate and the fee for getting building plan approved has been hiked by the authorities. A common man who is thinking of owning a small residential house in this region is hit badly by the hiked collector rates. Imagine, before April 1st, 2011, owning a small six Marla (150 sq yards) plot could be accomplished with the payment of Rs 75,000 (as collector rates) as compared to Rs 1,35,000 today for the same. The buyer will have to also pay Rs 45,000 for getting approval for building plan. The information about the hike is drafted on the basis of categories focused on location, for example the location of the property in concern is on the main road, on the link road, their placement in the municipal limit of Zirakpur etc. Registration rates for the land on the main road have been increased from Rs 1 cr to Rs 3.5 cr per acre. Similarly, the land rates have been fixed at Rs 1.5-2 cr per acre for the inner parts of property in zirakpur. Collector Rates Zirakpur Property LocationsPrevious NEW Main Road ( Per acre)Rs 1 cr3.5 cr Agricultural Land in Inner parts ( per acre)Rs 1.5 crRs 1.5-2 cr Commercial Property ( per sq yard)Rs 9,000Rs 18,000 Residential plots in named colony ( per sq yard) Rs 5,000Rs 9,000 Independent residential plots ( per sq yard)Rs 4,500Rs 8,000 Building Map Fees Residential Plot SizePreviousNEW 50-125 sq yardsRs 80Rs 323 flat rate for all sizes 250 sq yardsRs 213 Commercial plots All sizes Rs 350RS 2,815

For commercial properties the rates have been increased from Rs 9000 to Rs 18,000 per sq yard. The rates in approved residential colonies have been increased to Rs 9000 from Rs 5000 and for residential sites without any name of the colony; the rate has been fixed at Rs 8,000 per sq yard.

Hiking and fixing a same cost for building map approval fees for all sizes of plots will have direct impact on the property owner of small residential houses as it was Rs 80 instead of Rs 323 per sq yard now. For commercial property, there is a substantial hike in the rates; it has been increased from Rs 350 per sq yard to Rs 2,815 per sq yard. According to property consultants, -an end customer / buyer in the region would opt for flats in developments instead of plots due to hike in collector rates and building map approval fees-.

Conveyancing Solicitors – Find the correct Commercial Property for business

Posted on by blogger

Whether you want to sell your dental practice or buy the corner off-license, or any other business, we can assist you.

We have many years of experience commercial and Conveyancing solicitors acting for both landlords and tenants in commercial transactions, including shop lease, pub lease and licenses. We can help you if you are an owner and your tenant does not pay rent or if you are a tenant threatened with eviction by your landlord.

When acting for you in your commercial transaction, our london lawyers will use sound commercial reasoning to help you achieve your business objectives. We will not simply provide an abstract legal essay.

We strongly believe that every law firm is only as successful as its clients and our work is therefore performed to the highest professional standards. We are always focused on achieving your objectives.

We do not compartmentalise your legal problems, so if during the course of your commercial property transaction it is also necessary to consider, for example the structure of the new company, if this is as a sole trader, partnership or limited liability company, we can most definitely assist you. We can advise you in drafting a suitable partnership agreement or setting up a private company including advising you on the responsibilities of directors and shareholders alike. Going forward we can assist with compliance with the legal obligations of the partnership and the company such as annual returns.

* Partnership agreements
* Commercial lease restauant and licenses
* Sale and purchase of business assets
* Setting up limited companies

If you are interested in finding Conveyancing solicitors , we are here to explain everything you need to know. We are specialists solicitors in london will have expertise different area like Construction legal related or building disputes.

Copyright © 2024 Property PFA . All rights reserved. |