How to buy commercial property

Investing in commercial property offers several benefits, like high returns on investment and profitable rental income. However, you need to hire the correct experts, who can guide you through the process of buying the right property. There is a wide variety of commercial property available in the market, such as industrial, retail, offices, and apartments.

Even though investing in commercial real estate may cost more than buying residential property, banks are more conducive to lending money for commercial property purchases. This is because these properties have the potential to offer high returns on investment.

Finding commercial real estate

There are numerous dedicated online portals where you can look for commercial property. However, most investors rely on traditional channels, like classified ads in newspapers and broker networks to find the best property deals. With this, there is a high chance that you may miss out some of the best properties because you were unaware of them.

Sometimes, it may be more advantageous to do your own research and to try and make a list of prospective commercial properties, based on the following parameters:

Location

Choose a location that is convenient for your customers, vendors, and other stakeholders. Usually, it is best to select the location based on the type of commercial business you want to start.

Meet a group of experts that can advise you

You can meet an accountant, lawyer, mortgage broker, or commercial realtor to seek advice before you buy commercial property. An accountant can help you analyze the tax and operating budget benefits in your business; a lawyer can help you in completing the transaction; while the mortgage broker will ensure that you get the required loan for affordable interest rates.

Some other things to consider are:

• Check if you can get a commercial loan from your bank.
• You need roper research before you decide to buy the property.
• Be very clear about the features and amenities that you wish to have in the property. This will help you shortlist properties that meet your needs.
• Research proper information about the developer and their projects.

Above all, the spot should be where your target customers visit frequently, so that you can sell your products and services without any problems.

Why You Should Consider Buying a Residential Property in Ghaziabad?

Ghaziabad is a city located in the state of Uttar Pradesh that falls within the ambit of the National Capital Region (NCR) of Delhi. It is very close to Delhi and is well-connected by roads and highways to almost every part of the NCR, such as Noida, Gurgaon, etc. A major commercial, educational, business, and infrastructural hub of Western Uttar Pradesh, Ghaziabad is often known as the ‘Gateway of UP.’ 

Ghaziabad is a large, planned industrial city with excellent infrastructure and connectivity. In recent years, it has seen a phenomenal economic and industrial development, which has resulted in people from around the country moving to Ghaziabad for employment and business opportunities. This has resulted in a great rise in the demand for adequate accommodation in the city.

The growing demand has given a boost to Ghaziabad’s real estate, and the city is fast turning into the real estate hub of the NCR. With these facts in mind, mentioned below are some of the reasons as to why you might want to consider buying a premium residential property in Ghaziabad.

• Ghaziabad is very well-connected to New Delhi and all the other major cities of the NCR. As a result, people working in Delhi or Noida can easily buy a home in Ghaziabad, as the commute is not too long or taxing.
• Ghaziabad is not as congested as some of the other cities of the NCR. As a result, property prices in Ghaziabad are still far lower than those in Noida, Delhi, Gurgaon, etc. Therefore, you can purchase a spacious house in Ghaziabad at reasonably affordable rates.
• The economic and industrial growth of Ghaziabad has resulted in many companies setting up their offices in the city. As a result, Ghaziabad also has good employment opportunities to offer to its residents.
• Professionals and businessmen from around the country are moving to the city every year for work, employment, and business opportunities. Hence, a premium residential property in Ghaziabad can fetch high rental returns, and thus create a great source of passive income for the homeowner.

In conclusion, purchasing a residential property in Ghaziabad can prove to be an amazing investment opportunity even if you don’t plan to live in the city in the near future. However, for the best results, you must ensure that you only purchase property from a reputed and reliable real estate company operating in the NCR.

Benefits of Investing in Plots in Major Cities

As the prime commercial, industrial, as well as educational center of western Uttar Pradesh, Ghaziabad is one of the most significant cities in the state. This planned industrial city has also been listed as one of the Smart Cities by the National Government. The city has gone through a lot of developments in recent times, in terms of infrastructural facilities. In fact, the state, as well as the central government is ready to make some more investments, so that the city can become at par with the leading metros.

 

The real estate sector of Ghaziabad has experienced significant growths in the last decade. With the construction of National Highway 24 and the Delhi-Meerut Highway, travelling from this city to the Delhi and other NCR regions has become a lot easier. This has resulted in the advancement of the real estate sector along these areas as well. At present, Ghaziabad is one of the major real estate destinations in the entire NCR, and a number of integrated self-sustaining townships have come up in Ghaziabad, particularly along the NH24 area.

Apart from investing in the residential and commercial properties in the city, people can also invest in plots in Ghaziabad. Mentioned below are some of the reasons that explain why one should consider investing in plots in this city:

· Ghaziabad offers an easy connectivity to Delhi, as well as other major areas of the NCR. With the presence of the metro, travelling to various parts of the city, as well as to Noida or Delhi has become stress-free.

· As the real estate market of Ghaziabad is consistently experiencing an upsurge, it is the perfect time to invest in a plot now. This is because by investing in plots, one can rest assured that they will get a much higher resale value in the future.

· Moreover, by investing in a plot in Ghaziabad, one can avail the best in class modern amenities, such as a clubhouse and a swimming pool, if one chooses the right residential project.

These are some of the major benefits of investing in plots in Ghaziabad. By getting a plot for sale now, one can surely get maximum benefits in the coming years.