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Monday, February 13, 2012

Commercial Property

Commercial property and high investments are always directly proportional to each other. Well it’s no scientific law but pure common sense. But my question to you. How many people dream of owning a commercial property? Not many, because an Indian middle class mentality is always on owning a house and one more house and more house. To me if you have one house that’s more than enough and you should probably think of buying a commercial property rather than again investing in house.
So what commercial property I am talking about here. It’s not easy to buy a complex or big retail showroom but at least think of a small shop in a popular commercial complex. Just to give you an idea, the per square rate of commercial property is at least 2 to 2.5 times more than the residential property rates. But rental of commercial property is far high than that of residential property. On an average, the rental rates are anywhere between Rs A, Amount to Rs Z,Amount per square feet for a decent shop in up market area.
Such shops are always in demand considering that there is growing demand for commercial space in Gurgaon city. It can be rented out right from world class trendy malls, corporate offices, banks and ATMs to small retail outlets. I always feel if you are having idea of starting your business one day, then business risk is reduced if you own your own retail space. The largest expense in starting your own business is space rent. There were also few readers who were asking for ideas to start business, I would say it’s always good to own retail space first and then think about starting a business.
Gurgaon is the new shining star in the real estate firmament! Investment in property in gurgaon - commercial property in gurgaon or residential property in gurgaon - is the choice of the wise! So, let us move to Gurgaon!

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