If you are looking forward to make an investment in real estate, its always better to invest in commercial projects in a good location, as it can give you a stable and secured rental returns from a corporate tenant as well as property appreciation. As an overview, investment in commercial property is considered better than making investment in residential property. Experts suggest that, even if today you need to pay higher prices for a good location and good development today it has been observed that in the long run, it will pay back as compared to residential property in same area. Yes, if you are planning to invest in under-construction properties just check about the developer. Look for properties by good developers just in the stage of completion in the next 3-4 months.
Commercial investment in a good location can give you stable and secured rental returns from a corporate tenant and property appreciation. It’s better than residential or better is to have a portfolio of residential and commercial if you can have more than one investment.
Always take help of renowned as well as local realtors to clear your doubts related to areas that offer good commercial property options, commercial versus residential investment, best areas for commercial property investments in the next 5-10 year horizon, ideal return expected etc.
The locations where commercial investment would fetch good returns include office space in main Sectors in Noida, close to Sector 50 and metro points. If you want to invest in some commercial space in Gurgaon Real Estate Market, invest in a space of minimum 3,000-5,000 sq ft. In Bangalore Real Estate Bannerghatta Road, Indira Nagar or ORR is rising as a new commercial investment destination, and localities like Viman Nagar and Kalyani Nagar would prove fruitful with investment perspective in Pune. Also in Mumbai, Goregaon, Thane and Navi Mumbai, areas closer to metro points are advisable and Ambattur and Guindy are ideal commercial choices in Chennai.
Property buyers or investors are generally advised to invest either in the under-construction stage or in the close to completion stage. Also, if you are going to some real estate consultant for advice or going to buy a property always ask questions like who is going to maintain, has the developer taken all licenses, approvals etc. For a retail or commercial investor, choice of a good building and efficient floor layout is important. Title due diligence is important before the purchase or agreement to sell. Suburbs of metros such as Gurgaon, Noida, Navi Mumbai, Outer Ring road (ORR) Bangalore are recommended.
– The Writer is a Real Estate Professional