Are you planning to purchase a Commercial Property?
Are you planning to purchase a Commercial Property was the question that www.makaan.com asked the investors and there was mixed response that was received. While 47% of them were affirmative in their answers, 44% straightforwardly said they would not invest in commercial property as of now. Only 8% of people said that as time goes by they might purchase a commercial property. After the survey, let’s further have a look as to what are the concerned areas while purchasing a commercial property.
Investing in commercial property definitely has it financial advantages, for instance, it offers not only the possibility of big, fast returns, but also provides a solid tax shelter. However, owning a commercial property is not like owning and maintaining a house; there are a lot more factors involved in the case of a commercial property that you can read under the Commercial Section of MakaanIQ.
The major factor behind finalizing a commercial property is to choose a neighborhood that offers the most economic potential. Purchase of a commercial property is purely business; you either invest in a raw land as a potential developer or established properties such as malls with high paying professional tenants. A full proof business plan, financial backing and a good legal understanding is a must for commercial property acquisition.
Buying a property is one of the most significant financial investments that one ever makes; therefore, it is only advisable to do a proper market research and survey prior to finalizing anything. For more of such poll reports and to cast your vote in a poll, visit: http://makaaniq.makaan.com/