5 Common Mistakes While Buying a Commercial Property

 

If you are a regular investor, you may relate how investing in a commercial property can be rewarding to a great extent. Commercial properties are buildings or land intended to generate profit. It includes large number of building options such as offices, car parks, warehouses or retail shops. There is a range of commercial space for sale in Jaipur, starting from about 10,714 rupees per square feet. If you have little experience in investing on such property, it is important you read about these five common mistakes that people make while buying commercial property, so that you be cautious and well aware of the tricks of investment:

Assuming that tenants won’t need a particular facility: Tenants always desire for some facilities to be available in your property such as onsite car parking, access to public transport, etc. You must understand how small things like a good location can affect your income through the business. Also, if you have set the prices too high to rent, you will face difficulty in finding tenants. While choosing a commercial property, you must confirm that the tenant’s needs are fulfilled.

Buying a place with poor footfall: Although this is a common knowledge, yet some investors make mistakes in choosing a property situated in an appropriate location. By appropriate location, I mean areas which are exposed to the people and are convenient to access. Tenants will always look for these points in your property, especially if it involves marketing to the general people. Give utmost importance to location while buying a commercial property.

Not surveying the property when left unoccupied: If the property you own has been left unoccupied for some time, don’t ignore and let it accumulate dust. You need to survey each item of the property by making a comprehensive checklist. You will have to check if the water is flowing flawlessly or if the air conditioner is working properly or maybe grass in the lawn has grown too much. Analyse your house properly and don’t ignore any flaws you find. You must keep the property in a good condition before it is occupied again.

Wrong decisions: You need to choose a property which satisfies your financial goals as well as the capacity to tackle risks. Income, capital growth and strategic purchase are the three important things while buying a property. You should not run down your business by flowing away with emotions. Always keep in mind the location and tenant’s needs before buying a property rather buying it because you simply ‘like it.’

Not knowing your tenants and their business: Its very important for property landlords to screen the tenants using their credit reports and financial information. If you are buying any commercial property for sale in Jaipur, you must verify that the tenant is creditworthy and assess that his/her business will not fall apart. After all, it’s their business plan which will pay you rent throughout the lease period. You should also take location of other businesses as your tenant’s near your property and the competition in the market into consideration while leasing the property.

So, when you buy a commercial property next time, avoid these common mistakes made by the people to achieve greater heights in your business and have much greater yield than your investment.

Source:https://www.rtechgroup.co.in/our-blog/common-mistakes-while-buying-a-commercial-property/

Commercial Property And Ready To Move Apartments In Bhiwadi

The R-Tech group is one of the most prominent commercial developers in Bhiwadi. It has successfully executed and commissioned major commercial and residential projects in Bhiwadi, Jaipur, and Alwar. Capital Greens is one of the best residential projects that is handled by this group. Through this project, the R-Tech group has tried to build an exceptional residential property in Bhiwadi. This property has provided many advantages to both the consumers and investors. The ready to move in apartments, i.e. Capital Greens are constructed by keeping the need of the common people in mind. 

When it comes to purchasing a house, the only thing that comes into mind is the safety and facilities that a flat or an apartment would offer. This is where the R-Tech group is the perfect choice for you as it offers well-equipped apartments or flats that are built at a safe location. Capital Greens include 1 BHK, 2 BHK, and 3 BHK flats in Bhiwadi that are spacious, luxurious and equipped with all the safety measures. 

The ready to move apartments in Bhiwadi is spread over an area of 9.35 acres and have all facilities including Club, In-Door Games, Podium Parking, Swimming Pool, Jogging Track and a lush green park. The homes are beautifully designed and are equipped with all the facilities such as 24x7 electricity and water supply and round the clock security services are also provided. The apartments are surrounded by retail spaces and commercial midpoints such as Capital Mall, Capital Highstreet and Capital Galleria that too are built by the R-Tech group. 

Apart from residential areas, it is also known for building commercial property in Jaipur. The R-Tech group ensures that you get what you want. It is well connected, amazingly built and offers space according to your specific needs. Whether you require an office space, a studio or retail shops, the R-Tech group is a one-stop solution for all your commercial and residential needs. Capital Galleria is one of the best commercial spaces located in Jaipur and is a place where one can spend quality time with their family and friend. It is a perfect source of entertainment and offers services that offer you a wonderful experience. 

The structure is properly and uniquely built, and the shops are available at affordable prices. Some of the key features of Capital Galleria are Service Suites, Food Court, Restaurants, Gym & Spa, 100 % Power Backup, Wide Corridors, Service & passenger lift, Two-level basement parking, High-speed service and passenger lift, Escalators, Security, Earthquake resistant R.C.C. framed structure, Detailed CCTV controlled security systems, High-quality Fire Fighting and Fire Alarm System. They are thus making it a perfect place for an outing. With the increased growth of industries purchasing and investing in properties in Bhiwadi is very beneficial.

With their projects, the R-Tech group offers the best opportunities to both the investors and customers. They offer commercial properties in Bhiwadi, Alwar, and Jaipur, and they aim to make a client’s real estate transaction a delightful and hassle-free experience.

5 REASONS TO BUY BRAND NEW APARTMENTS FOR SALE IN BHIWADI

Today, the market for buying a brand new home is high in the nation. The primary reason behind the same is that new houses and apartments are equipped with all the latest infrastructural facilities and technological advancement. The invention factor is getting very popular among buyers and investors in the present real estate market. By choosing a new property for sale, you can find the following advantages:

Excellent choices for interior designing

A new apartment in a good community can provide you with a wide range of interior designing choices. As you are going to invest a significant amount of money, you have the right to get your home designed as per your desire. Trendy apartments allow buyers to make alterations in flooring, rooftops, appliances, and carpets as per their preference. A newly built house can offer you choices for interior designing in comparison of old ones since most of these houses are un-customizable.

Hi-tech security

Modern homes and apartments come with all advanced safety features and equipment like CCTV surveillance, 24×7 Security, smoke detectors and firefighting products. Also, flats in gated societies are secured with the assistance of guide supervision and industrial expansion.

Energy efficient

Modern apartments are equipped with energy efficient systems and other structures, dropping utility costs. These houses either have the latest high-tech products related to home automation or advanced electronic gadgets to evade conventional jobs associated with house maintenance.

Eco-friendly structure

The government of India has announced many necessary instructions and policies for the modern buildings and constructions in the cities. A slight space left amid two parts of the exterior fence of a house reduces the temperature radically. These practices are applied by several new builders to attract people who are willing to buy a house with the same facility.

Amenities

The most significant advantage of buying a new apartment in a gated society is its amenities. Newly built flats are accessible with a range of facilities like swimming pool, clubhouse, kids’ play area, gym, spa, and others. Garden and remodeling features in new apartments help you to walk and spend some time in the fresh air. Festival celebration, social get-togethers, sports events, and parties are extra benefits, you will get.

R Tech, the leading real estate developer in Rajasthan is offering flats in Bhiwadi for sale at best prices. With its new project, Capital Greens, R Tech is making it easier to buy 2 and 3 BHK flats in Bhiwadi at affordable rates. The apartments in Capital Greens are accessible with all amenities such as club, park, jogging track, swimming pool, and indoor games. These apartments provide individuals with well-managed spaces, balconies, lobbies and living rooms.

https://www.rtechgroup.co.in/our-blog/top-five-reasons-to-buy-brand-new-apartments-for-sale-in-bhiwadi/

Residential Apartments in Bhiwadi – Why To Buy 3 BHK Apartments

Most people get confused and then they can’t decide whether to choose a 2BHK or 3BHK apartments. Many home buyers go for buying 2 BHK as they tend to think that only cost and size differences are there in both types of houses. In reality, there are many other aspects that differentiate both the choices. Here are a few most important factors that can help you decide better:

Extra space

The regular size of 3 BHK flat is fairly larger than 2 BHK apartments. And if you have a nuclear family, you get an extra room by choosing a 3 BHK. The benefit of getting an extra bedroom ensures a spacious and luxurious living. This will especially help you a lot when you will be hosting small events and get-togethers with close friends and family members.

Reasonable budget

Usually, individuals have incorrect assumptions about the cost and price information of 3 BHK apartments since they have a tendency to contemplate that 3 BHK flats are more costly than 2 BHK apartments. The fact is that a 3 BHK apartment is only 20 to 35 percent advanced than the price of 2 BHK flats. As there is a marginal difference in cost, it’s a better decision to purchase a 3 BHK.

For better scenarios in future

Though most of the people are satisfied with their decision of buying a 2 BHK apartment, later after a few years, they tend to regret their choice. Remember, never purchase a flat according to the current requirement. After a few years, when your family grows, the requirement of space also develops. Of course, you will be required to accommodate the space requirements of your children and parents too.

Consider documentation process before investing

People who purchase a house first time do not notice these factors. The paperwork for all 1,2 and 3 BHK are same in procedures. Regretting after purchasing a 2 BHK and willing for the up gradation for 3BHK will require great efforts. During the process of paperwork, address registration is done that can increase your problems in future when you want to upgrade to a 3 BHK.

So, a 3 BHK apartment is always a great idea for investment if you focus on various factors including affordability, spaciousness and stress-free living.

R Tech has brought spacious 3 BHK apartments in Bhiwadi with all advanced amenities including swimming pool, Podium parking, lush green park, Jogging Track, club, and kids’ play area. Spread over 9.35 acres, the project Capital Greens offers beautifully designed flats with 24/7 water, 24/7 power supply, and 24-hour security. R Tech, the most reputed real estate developer in Rajasthan provides high-level projects for commercial, residential, retail and township requirements.

Investing in new property in Bhiwadi! Go through this checklist before doing so

After the demonetisation, the property rates have reduced considerably and has become buyer friendly. This in turn has raised a lot of interest amongst the people as the houses are available at quite affordable rates. A large number of real estate developers in Bhiwadi has reduced the rates considerably. It is due to these reasons that a huge majority of people are eyeing the property market to get their share of the pie. Hence there is a better opportunity for the people from all the sections of the society to buy a new home.

Before you buy a property, one needs to ponder over this properly and look for certain important things before proceeding. Some of the things that is necessary before you make the property buying decisions are mentioned below. Go through these to make sure that you get the best house without any hassles within your budget.

Check the documents:

The documents of the property form the most essential part of the deal. Hence it is necessary to look for the documents and check its authenticity and verify it. Also check if there is any dispute or any legal cases over the land. These turn out to be quite harmful in the long run and result in the waste of time and money in the future. Apart from that one must also checked for the approval of building plans, allotment letter, sale agreement, NOC, environment clearances, commencement certificate, conversion certificate, and completion certificate based on the status of the property developed. Only after being satisfied one should invest in the property.

Find out about the seller of the property:

It is very necessary to have a proper information about the seller of the property and their past records. The property must be built only by the reputed builders and not from the inexperienced ones. Find out if the seller is able to meet the deadlines and provide the services as promised. Generating a goodwill is very much important and helpful. In case of any adverse news in the media about the builder, it is not a good option to invest in such property. Even after the possession, you need to ask about some of the other documents as well like sale deed, possession certificate, society incorporation certificate. R-Tech group is a leading developer with experience over different projects and a considerable goodwill among its clients. With a number of residential projects in Bhiwadi,  It is soon developing to be the leading real estate developers in Bhiwadi.

Location of the property:

The location of the property too matters a great deal. It is necessary to look for only those properties that have greater chances of development or must be already developed. Have a clear idea of its current scenario and the developments to take place in future. Having a property in a developing environment is quite essential and proves out to be a good investment. Apart from that, one must also look for its nearby locations if they are easily accessible or not. The property should be situated in such a location where the basic needs and requirements of a person of health, education, shopping and other day to day activities. Hence it must be situated at a close distance from such facilities. Bhiwadi is well connected to Gurgaon, Delhi, and Alwar. It is also a major industrial centre and has become a part of NCR and has seen massive developments over the years.

Infrastructure of the property:

The property’s infrastructure plays quite an important role. A property with a properly designed infrastructure provides the peace of mind. In this a person must look for the safety, security, facilities provided, and other such features. 

Digital Transformation: A Necessity for Commercial Real Estate in Rajasthan

India is a fast growing nation and there is no stop to its growth. With fast pace in business development, growth in each and every sector in India is inevitable. Real Estate is one such sector, which is bound to witness a huge growth in the coming years with promising youth population and perceptive government initiatives. Bangalore, Ahmadabad, Rajasthan, Delhi are some of the states in which commercial, as well as residential real estate, is thriving. Here, in this article, we will concentrate on commercial real estate in Rajasthan, with its flourishing real estate builders in Bhiwadi, Kota etc. taking notice amongst the most flourishing cities in terms of real estate investments in India!

Why Digital Transformation in indispensable for Commercial Real Estate in Rajasthan?

1.    Quick & Easy Selling

Digital transformation will allow the realtors and agents to streamline deals. It will ensure quick and easy selling of properties as one will be able to pre-search the location, enquire about a property and get other minute details of all prospective properties which aren’t possible on foot! Further, it will save time for both, the consumer and the seller.

2.    Brings Transparency in Deals

Digitalisation will not only make the process friendly and easy but transparent too. One can determine the flow of money in the chain. It also allows for proper market research of the company and its reputation in the market.

3.    Allows Proper Property Research and Builds Trust

If your company wants to see growth in future, then building trust amongst consumers is a must. Going digital creates a reputation and builds trust in the end-users as well as your business partners and dealers.

4.    Increases Reach and Marketing

Gone are the days of marketing via huge hoardings and pamphlets. Now people prefer the internet for searching. Further, digital platforms hold much more power in word of mouth for image building and marketing than print and television does. Exploit this medium to increase your reach and marketing.

5.    Goes Hand in Hand with Government Initiatives like Digital India & Smart City Mission

Digital transformation of commercial real estate will act as a support to government’s efforts in development sectors like Digital India initiative and smart city mission. So many cities in Rajasthan are being developed and people are migrating for work as well as for studies here; digital transformation will only boost the process!

6.    Caters to Massive Youth Population of Current Scenario

Soon India will have seventy percent youth population, which will obviously be tech savvy just like present scenario. To cater to this population and enhance real estate market in the largest state of India, Rajasthan, digital transformation is crucial.

7.    Will Mark Rajasthan as a Prominent State on the Real Estate Map

Whole of India is going digital and so are the real estate companies. To create a brand image, one has to step up with the changing market trends and evolve.

Rajasthan is gaining prominence in the eyes of real estate investors with its cities like Bhiwadi and Kota posing great opportunities for investment. While there are great many real estate builders in Bhiwadi, Kota, Jaipur and other such growing real estate markets in Rajasthan, the need for digital transformation is essential for complete progress.

Pros and Cons of Investing in a Residential Property Under Affordable Housing Projects

There is a lot of contemplation before investing in a property due to the kind of tedious job it is. As we all know having sufficient money in hand just does not serve the purpose. Intricate research and consulting is required before the long term plan is put in place. However, as every coin has two sides, buying a home has its own advantages and disadvantages. It’s very essential to have a sneak peek on the ups and downs involved in buying a residential property especially if you are planning to buy an affordable housing project.

Advantages:

Get rent: If you are not planning to reside in the home you are going to purchase, you may add an income source to your profile as the new home can fetch you a regular income which you can transfer to other requirements. You can even transfer this rent amount to pay the rent where you are residing. If you already own a home, the rent can be an additional source.

Save on paying rent: If you are buying a home to reside, then you may save on the paying rents. The rent you used to pay earlier will become your EMI now. You are expending the same at the joy of owning a home. If you have an alternate home to stay, you are acquiring a new property with the rental income.
  

Home security: You can have the sense of satisfaction of owning a home which is incredible to any average dweller. If one owns a home, a least income is enough to carry on a basic life no matter how small the home is.
  

A fixed asset: It is very important to have fixed assets as experts suggest a major share of investment on fixed assets to get good returns over a long term. Bonds, gold, SIPs, policies are nowhere equitable when it comes to investing in a property. It can even be a low income home for sale, you can purchase it to have a fixed asset on your financial portfolio.

Returns on investment: If you buy a home, it can give you a return on your investment on a long run. The returns are generally multifold and are highly incomparable to that of current assets.

Disadvantages:

EMIs: Paying EMIs become a burden as they are meant for a long term for about 15 or 20 years. This is an expenditure which cannot be ignored and if ignored, one may have to end up losing the property in a Government auction.

Less appreciation: A home gets less appreciation when compared to a plot or an agricultural land. Over a long period of time, the construction has no value and it can lessen the site value.

Less returns: A residential property gets less returns over a commercial property or an unconstructed site. People prefer to buy an empty site over a home.

Loss of interest: One may loose on interest if the property is valuated after a long period in accordance with other properties as returns are lesser on a home in comparison with a plot or a site.

Out of trend: A site on which a plot is constructed can’t go with latest trends and may lose on value after a period of time if not upgraded periodically.

Hope these pointers may help you in deciding before investing in a residential property.