Uploaded on Oct 31, 2022
This content will guide you with certain things that you should consider before purchasing a Commercial Property in Raipur.
Things to consider before purchasing a commercial property in raipur
Things to consider before
purchasing a commercial
property in raipur
INTRODUCTION
• Buying your own office is a huge step forward in your
journey as an entrepreneur. The implications of this
decision will have a lasting impact on the future of
your business, not to mention the financial gains you
stand to enjoy if you buy commercial property in
raipur at the right location.
• Making this decision however, can put even the most
analytical business minds under immense stress. The
cost of investment involved is huge, the commitment
you will be making will last a long time and your
choice will have a direct influence on the perception
of your brand in the market.
• So, to make the right choice, here are few ideas that
will help you when you buy commercial property in
raipur.
Best commercial property in raipur – things to consider
before deciding where to invest
Neighbourhood:
• The location of the property, its proximity to places of
interest, connectivity to major public places and
transport mediums.
• All of these are important factors that will influence the
price as well as your experience in using the
commercial property for sale in Raipur that you are
considering.
Market Research:
• The overall market mentality in the region also has
an impact on the profitability you can expect from
dealing in commercial plots.
• Upcoming projects in the area, buyer behaviour,
demand patterns, price trends and expenditure
patterns should be analysed before finalising on your
decision to buy commercial property in raipur.
Hidden Charges:
• Many sellers and property developers portray
unbelievably cheap selling prices for their on-sale
properties.
• But eventually, they reveal a host of hidden charges
like maintenance, insurance, water connection,
electricity connection charges and so on.
• These might come as a nasty surprise for you,
especially in the later stages of the sale. Watch out for
these hidden charges and ensure you question the
seller/developer thoroughly before making the final
choice.
Litigation:
• Any pending litigation or lien on the commercial
plots you are considering can render your purchase
void.
• Go the extra mile and run a thorough background
check on the chain-of-ownership of the property/land
you are considering to ensure that any old cases,
bank charges or mortgages aren’t pending against
the same.
Current Tenants:
• Get in touch with existing tenants/owners of
commercial shops in the project you are looking to
invest in.
• This is a good way to uncover any troublesome
issues or bad surprises that may be revealed in the
future once you too have become fully invested in a
commercial property in raipur.
Extra Expenses:
• When sorting through the best commercial
properties to invest in, keep a buffer of at least 30%
for overheads in your budget.
• Property registration, permits, agent commissions,
lawyer fee – there are many expenses that you may
have to incur before finalising your decision and
hence, this extra buffer will ensure these added
costs don’t seem like losses at the end.
CONCLUSION
• Make sure you keep the above points in mind before
you buy commercial property in raipur.
• These will definitely go a long way in helping you
prepare for what lies ahead. Cheers!
For More Details Please Visit
www.shrirambusinesspark.co
m
Comments