7 Things You Should Check Before Renting a Commercial Property in Raipur

7 Things You Should Check Before Renting a Commercial Property in Raipur

Raipur has become the most popular residential and commercial real estate destination in Chhattisgarh, attracting people from all over the country. 

The impending modern office space in Raipur, like those in Orissa, Maharashtra, and other states throughout the country, is scattered over numerous places and is a testament to the city’s expanding commercial property for rent.

1. BUDGET

Any action that necessitates financial investment necessitates budget planning before implementation. The commercial property for rent deal is similar. The investor needs to set up a budget for the property cost in addition to any other business activities. This will also make it easier to choose a commercial property among the many possibilities accessible. However, if the total amount of investment is not available, a small down payment and a mortgage for the remainder may be made.

2. RESEARCH MARKET

To make money, you must first thoroughly research market trends. You should consider the breadth of potential development in the area before investing in a property. Commercial property in a developing area is more advantageous than purchasing one in a developed area since it offers higher returns on investment.

3. Observe your To-Do List

When looking for office space, it’s easy to get misled by lavish properties and services. Some concessions are unavoidable but stay as close to your initial expectation and budget category as possible. Make a to-do list based on your priorities and requirements. If you find yourself in a situation where you are overspending, go over your list and see if your commercial property investment budget allows for these modifications.

4. CONSULT AN EXPERT 

When you have no experience in this industry, purchasing real commercial estate can be tough. Take counsel from professionals such as accountants, lawyers, and property consultants who can guide you through the complicated financial and legal procedures as well as advise you about commercial property investment in the region. Having the proper team of professionals on your side will improve your chances of obtaining financing and identifying any difficulties early on.

5. ACKNOWLEDGE RISK FACTOR

One should consider all potential dangers before selling any commercial property. Examine market trends, the building’s location, and its history to determine the level of risk involved in commercial plots.

6.  INFRASTRUCTURE AND NEIGHBOURHOOD

Infrastructure development in the neighborhood has a positive and negative impact on commercial property for sale in Raipur. For example, the Development of railway lines and other developments may have an impact on the value of your property. Also, investigation of the availability of basic services such as electricity, water, and drainage is important.

7. FLEXIBILITY AND PHYSICAL CONDITION OF OFFICE SPACE

When looking at a commercial property for rent, don’t simply think about your short-term needs; search for something that can grow with you. Given that you will almost certainly want to develop your business in the coming years, choose a property that can be quickly adjusted to meet your needs.

 

Why Invest In Property In Raipur?

The name Chhattisgarh was derived from the literal translation of “thirty-six forts,” which was formerly applied to the territory of the Haihaya dynasty of Ratanpur. Being the capital city of Chhattisgarh, one would be led to believe that property in Raipur must be unaffordable but the reality is a stark contrast to this statement. 

 

If one were to search for property for sale in Raipur, the results would throw up several real estate company portals listing the same at prices that are affordable to the masses. Even if one were to look for commercial property investment, the search engine result pages would be filled with lucrative opportunities for even a start-up to invest in. Though a commercial space would attract commercial tax, the return on investment alone makes for a smart investment.

REAL ESTATE

From the Dudhadhari Math temple to the Vivekananda Sarovar Lake, the  226 km² city is most famous for its highly significant and prominent steel market and industrial center. Being voted one of the 10 cleanest cities in India, Raipur was named the rice bowl of India owing to the extensive cultivation of the crop. Little quirks like these make Raipur a quaint little city that close to twelve lakh people call home.

 

Real estate company portals list a wide range of property for sale in Raipur that attract a lot of commercial property investment owing to the attractive price of the units. Since Raipur has a major steel market that caters to the industrial centers, the cost of construction of commercial as well as residential structures takes a dive. This combination of steel and industries helps boost the local economy while reducing the cost of raw materials used in the construction of property in Raipur

 

The state of Chhattisgarh was ranked on the sixth position in the ‘Ease of doing Business’ rankings in 2020. Being an industrially inclined city, the real estate sector mainly caters to the working of these industries. Raipur has grown as the most favored destination for residential as well as commercial real estate. 

BUSINESS PARK

The state government’s aggressive policies are attracting lucrative business investments that are creating a conducive ecosystem for innovative thinking and entrepreneurship with startup policies and programs. Modern office space being constructed in Raipur, around Orissa and Maharashtra are proof of the growing popularity of commercial spaces in the city. The heavy impetus given to industrialization has led to better planning to put it in the contenders spot for the best emerging smart city.

 

Raipur boasts of being the largest steel market of India and also has a thriving cement and agro-industry. Many reputed developers are redefining the commercial real estate infrastructure of Raipur and are bearing witness to this rapid development that is working at attracting them from all over the country. Sarda Group’s Shriram Business Park is set to be a beacon of hope to take Raipurs commercial spaces to the next level.

Discovering The Right Office Space For Sale

Discovering The Right Office Space For Sale

When making the call for investing in commercial real estate, the options are many and wide. From commercial land to commercial buildings or even office spaces, how to choose the perfect fit for you? And when an office space for sale comes what is the process to move ahead?

Commercial property investment is a lucrative market when it comes to the return of investment from rentals and long term property appreciation if the location is right. Due to the constant demand, the real estate builders offer various types of options depending on one’s budget. 

real estate

  • Offices: This can cover anywhere from a small office space to a commercial building for office. Depending on the space and location, the budget can vary. The structure is handled by the builder in this case.
  • Retail: These include retail stores, shops or shopping centers. If one is buying a full center, then the transaction may vary while if its a store or shop, always go with a good reputed builder.
  • Commercial Land: If one has a bigger budget or is open to taking a call on land on the outskirts basis on a long term development opportunity than commercial land for making buildings to lease to hospital, hotel, warehouse etc. is a great option. When you invest in land, any construction will have to be handled by you or in a joint venture with a builder.

When buying a commercial property other than the location, amenities, facilities the property offers one should do a thorough check on certain things. The biggest task is verifying the documents for authenticity. Hire an expert to check up all the paperwork related to the property. There is a list of documents to check.

  • Sale Deed
  • Mother Deed
  • Building Approval Plan
  • Khata Papers
  • Encumbrance Certificate
  • Betterment Charges Receipt 
  • Power of Attorney
  • Latest Tax Paid Receipt 

These documents are needed when you go to register the property and if any documents are missing or not up to date there could be a lot of hassle involved.

business park

Another thing to check before is the delivery time. Always check on the progress of the construction so far and gauge the expected timeline. This is also one of the reasons why one should go with reputed builders as you can check on the earlier projects done by them. Last but not the least, the quality of the construction is a major point to check. The building one is looking to invest in should be made with good quality material and use the right type of fittings and fixture. The lifespan of the building relies on this. 

So when looking for commercial office space for sale, don’t forget to check out Shriram Business Park as you don’t have to worry about any of these.

Commercial property investment in India – Top 5 benefits to look forward to

Top 5 Benefits Of Commercial Property Investment In India

Commercial property investment in India can be one of the best decisions you will make for your safe and secure financial future. This is a solid strong asset to have as a part of your portfolio, whether you wish to actually use it as your office or simply hold on to it as an investment. Prices don’t waver on a daily basis and there is always demand for it, meaning that property value can always be expected to increase.

Still unconvinced? Here are the top 5 benefits you can expect from choosing commercial property investment as your next move towards your prosperous financial future.

commercial property investment

Benefits of commercial property investment in India

#1: Steady cash flow

Generally speaking, commercial investments yield income in a much steadier flow when compared to stocks, bonds and shares. Not only is the property value expected to increase incrementally, you can also rent out the space to get additional income on a regular basis.  

Best commercial propertyn investment india

#2: Substantial Equity

Equity is the amount of investment value that you can accumulate over a given period of time. Building equity takes work and has a direct impact on your net worth in the long run. Commercial property adds a substantial amount to your overall equity and ensures relatively high future yields for you.

#3: Gives you leverage

The best commercial investments let you use their value as leverage for mortgage, thereby ensuring you get the money you need when you need it. Banks prefer the stability and value appreciation potential of commercial property. It also adds stability as an asset to your business.

#4: Investment security

Commercial real estate possesses solid intrinsic value. Both the structure and the land that it stands on are stable assets, whether you own them personally or your business does. Its value continues to appreciate under most circumstances and you can choose to rent it out in order to make additional income. The risks involved with this kind of investment are fairly limited, given that you have selected the best commercial investment options available in your region.

Investment security

#5: The right choice for your business

Selecting the right commercial real estate for setting up your office can do loads for your brand’s perception. Your address does say a lot about you and having an office in the most happening neighbourhood in town will definitely help position your company name at the right level with clients, vendors as well as employees.

Conclusion

The best commercial property investment advice you should follow is – GO DO IT! There may be many reasons why you are nervous about making such a big financial commitment but as the above factors indicate, commercial property investment in India is a pretty safe bet. It will do wonders for your portfolio and ensure a steady income for life – what more can one ask for, really! So go ahead, buy the best commercial real estate in town and enjoy the perks of being a smart investor.

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