Tips for Buying a Commercial Property in India

Commercial Properties are always in great demand because investment in commercial property gives a sense of security for the future. People tend to invest in commercial properties. Investing in commercial property is not as difficult as it may seem. We need to consider a lot of things before deciding to Buy or Rent a Commercial property.

Points to keep in mind before Buying a Commercial property:-

• ANALYSE YOUR REQUIREMENTS:-It is important to know  what type of property you are looking to purchase. Commercial Properties are different like if you are a retailer then you should look for retail based properties.

• CHOOSE YOUR LOCATION WISELY:-Location is going to be key when purchasing your property. You should make sure you have the perfect location when you buy. Like you should buy a property where there is more traffic and is well connected when looking a retail based property.

• SECURE FINANCING:-Before you begin your journey into buying commercial property it is advantageous to secure your financing. Know your credit score. Check the interest rates and knowing what kind of loan you want to take.

• COST:- At first you should look into cost and the time duration of payment . Like if you are purchasing a commercial property in new project then you have to pay complete amount till possession so you will get plenty of time, if you are buying ready to move property then you have to pay complete money upfront.

• Type of Property :- Commercial real estate includes retail shops, industrial complexes, office buildings, Service Apartment, Hotel, and many more. You should determine which type of commercial real estate you want to deal with.

• BUDGET:- Budget is very important before starting your search for commercial property, because your budget will define the location and size of the property, so 1st decide your budget then start your search. Consider the amount which you have and bank loan.

• VALUATION :- Before buying a commercial property you should Study the market by knowing the fair value of the similar properties in the proximity and gather information on the kind of rents that other properties have so that you can negotiate well with the seller.