It usually happens after every few years that the real estate market suffers through a crash or correction and creates a difficult situation for small businesses or mid-size businesses. So when it comes to business what should be done? Should we buy the property or rent it? If you are thinking of buying a commercial real estate property it can be really complex and difficult even for the expert people like entrepreneurs or business executives to find out the right value or minimize their risks. It is also very risky for buyers, sellers, agents or renters and all of these can suffer from various bad consequences. At the same time the business can also suffer from a potential loss.
Especially if we are talking about Gurgaon, it is very important that we must consider certain factors related to investment or purchasing properties in Gurgaon. Gurgaon is a city in the state of Haryana and it is a part of the region of the national capital of India. Gurgaon or Gurugram have some of the famous corporate offices and it is one of the top choices of youngsters also when they want to search for a house in NCR. Also Gurgaon is a home to some of the luxurious and high-end properties outside Delhi.
So, instead of risking your business and your investments in such a way it is always better to check out a few things before actually making an investment or purchasing a factory or a block for your business or retail outlets as also before renting a property.
Here are 5 points that you have to consider while buying a property in Gurgaon:
Upfront and on-going costs: This is one of the important factors that you should consider while buying or renting commercial or residential properties in Gurgaon. Whenever you have to buy a property you need to pay VAT or transfer duty on purchase price. Now, if as a purchaser you buy a vacant property you can claim the VAT or transfer duty from the receiver. As far as buying properties at Gurgaon is concerned, annual price growth in Gurgaon is down by 3.93% while annual increment is 2.99%. There are various options in Gurgaon for purchasing properties by keeping costs in mind. The following are some of the top localities where costs are minimal- Sohna Road region, Sectors 67, 48 and 49, Residential Apartment in Pataudi Road, Along NH8, Sectors 33, 24 and DLF Phase 2 are popular for units on sale and Sector 24, etc.
Location Convenience: Locality is another important point that is required to consider while buying a property in Gurgaon. Considering the locality, makes sure that we are getting the premises we want easily. It is also important to consider easy access to the important routes nearby. There is easy connectivity to various places if you are considering buying Flats in Pataudi Road Gurgaon or Residential Apartment in Pataudi Road. Also there are also various Commercial Projects in Pataudi Road and New Residential Projects in Delhi NCR.
Business Growth Potential: If you are thinking of buying any property in Gurgaon for business then this is another important factor that you need to consider. For business we usually search for such a place that has a powerful neighbourhood. This is necessary as well and it can affect you in many ways. You should never buy premises that are either too big or too small. When you want to start your business you can start out by buying a medium-sized place sufficient for your business with a space for about 20% growth. For business growth there are various Commercial Properties for Sale in Pataudi Road Gurgaon that you can consider.
Area Zoning: Buying a property that is correctly zoned for your business need is very important when you are buying a property especially for business. It is necessary to check commercial zoning for offices, industrial zoning for factories, and retail zoning for shops. Also you can get your property rezoned by considering the other factors and costs. For buying properly zoned property you can consider new Real Estate Destination in Pataudi Road or Real Estate Development Company Delhi NCR.
Avoid placing a tenant in their personal name: It is always necessary that when you are dealing with commercial or industrial property, to not place the tenant in their personal name. Always work with a qualified, proven agent.