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/

R Tech Group: Providing Solutions to Commercial and Residential Space

When it comes to real estate business, there are a lot of names you can count on your fingers, but not all provide services as R Tech Group does to its valuable customers. The R Tech Group is one of the most renowned real estate builder groups in Jaipur the real estate business. The group has been delivering fabulous projects within set time frames which have taken it to great heights. The motive of R Tech Group has been to bring new and innovative ideas, designs in its commercial, residential, township projects that meet the customer needs with the modern approach.

The R Tech Group has delivered several commercial and residential projects, and many are ongoing in Bhiwadi, Udaipur, Kota, Bhilwara, Beawar, and Jodhpur. Bhiwadi has been the center of operations when it comes to the number of R Tech Group projects completed and much more ongoing in the city. Some of the new commercial/residential projects of R Tech Group in Bhiwadi include Capital Mall, Capital Greens, and Capital Highstreet all of which provide amazing commercial spaces for buying and renting purposes. Capital Mall offers spacious shops with modern amenities, is situated near the NCR region and how easily it is accessible through the NH8 makes it one of the best options for anyone wanting to invest or looking out for shops for rent in Bhiwadi.

Capital Highstreet is yet another example of the successful projects delivered by R Tech Group. The structure and design have been appreciated too much since it looks like a vintage style structure but has all the modern amenities. The commercial space has been built over an area of 21,000 sq meters and offers shops starting at just 11 lakhs. The complex is a nine-floor fully operational place and provides great facilities such as 100% power back up, wide corridors, all-time security, two-level basement parking, great CCTV and fire alarm system, and escalators and what not. This is no less than the commercial dream space that anyone would love to have their hands-on. The complex already has more than 150 operational shops spread on all floors which are divided into segments in a way where the first four floors are for retail purposes, three floors for offices and 2 for service suites. The rent for shops starts from around 3000 per month and 7000 per month for offices giving out great opportunities to those also who want to rent a shop at a prime location such as NH-71B, often called the extension of South Gurgaon.

The residential project of R Tech includes Capital Greens reachable through the NH-71 and Gurgaon is a project built in a calm and lush green environment and offers its customers with all the budget options. The project offers 1BHK, 2BHK and 3BHK flats to the customers built with the modern approach and great facilities. The residential project offers great amenities that include kid's play area, a club with a swimming pool, badminton courts, theme-based gardens, beautifully designed architecture, 24-hour water and electricity and much more.

The R Tech Group has no doubt earned a name among its valuable customers in Bhiwadi, Delhi and NCR and also in the real estate business. The real estate group can be trusted when it comes to investing or renting a commercial or a residential place with facilities like nowhere else.

Reasons to Buy Ready to Move 3 BHK Flats in Bhiwadi

Selecting the right home is one of the biggest decisions people make. Since a home is measured as a long-term investment, you have to ensure that you have chosen the best home as per the needs and preferences of your family. There are three major kinds of properties that you can choose from - pre-launch flats, under-construction apartments and ready to move houses. Ready to move apartments are growing their demand nowadays due to various features and advantages. Here we talk about some major reasons why you should buy ready to move flats:

You are aware of the property and amenities

While an apartment is in under construction stage, as a buyer you can only assume about the final outcomes of the project based on the floor and master plans. It’s very difficult to imagine the particular unit procured and the quality of other services. By choosing a ready to move apartment, you can see the designs of each room. You can also evaluate other services like parking facility, clubhouse, gym or swimming pool in order to make a well-informed decision. 

No need to wait

When you buy an under-construction flat, you may have to wait for a longer period before getting the final property. This can be a very problematic condition in case the project is delayed because of some unexpected reasons. However, the RERA terms have given great confidence to homebuyers by making it important for developers to finish the construction process in the promised time. 

Avoid rental costs

Buying an under-construction house may be difficult in case you are a renter and have to pay the rental cost of the current house. In this case, you will need to make two payments on a monthly basis – the rental costs and pre-EMI charges. By choosing a ready to buy an apartment, you can avoid the problem of double payments.

Avoid risks

Both pre-launch and under-construction properties can be sometimes very dicey to buy due to following aspects:

• Handover delays
• Land disagreements
• Poor facility management
• Construction quality
• Non-standardized possessions values

A ready to move flat makes sure that you don’t face any of these risk aspects and find instant possession.

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

Get 2 bhk flats in Bhiwadi at amazingly low prices

R-Tech group is a real estate company with years of experience in developing business complexes and several such projects. Now it has started to develop residential complexes. 

R-Tech group with the sole aim to provide world class accommodation along with the basic luxuries of life is providing 1 BHK flats in Bhiwadi, 2 BHK flats in Bhiwadi, and 3 BHK flats in Bhiwadi. The flats are in the sizes of 661 Sq. Ft., 1037 Sq.Ft., and 1396 Sq.Ft. respectively. The project with the name Capital Greens Residential is mighty in its own right. These flats are priced quite considerably with prices starting from 18.5 lakh onwards. These state of the art apartments are worth the investment. These spacious and luxurious flats are designed as per the latest trends. The most amazing feature of these projects is that the balcony of all the flats open in the green zone thereby providing you with a pleasant look. 

This township is located at UIT Sector 9 area of Bhiwadi which is at a distance of 500m from market and about 2.5 km from bus stand. In its close vicinity a total of 4 schools is situated that falls within a range of 2 km. It also features a shopping complex within the complex. It also contains several other locations for the recreational activities like swimming pool, splash pool, retail shops, club houses, badminton court, theme garden, jogging park, kids playground, parking space, etc. The lobbies too are quite spacious. Here you are provided with 24*7 manned security and CCTV monitoring. Each of the flats contain bedrooms, spacious living come dining room, bathrooms and kitchen. Adequate safety measures are provided in each flats as well. These facilities in turn offers its residents with a good quality of life along with the peace of mind as they need not worry about any mishaps. 

These flats are situated within 30 minutes drive from Gurgaon in a serene location of 10.25 acre filled with greenery. The users can quite easily enjoy the view and live in a location close to nature. It is basically targeted to provide best in class housing to people from Delhi, Gurgaon, Alwar, and Bhiwadi. 

After you buy 1 BHK flats in Bhiwadi, 2 BHK flats in Bhiwadi, 3 BHK flats in Bhiwadi, you are provided with a free home interior consultation and discounts on home furnishings. Within its ranges it also contains Capital Plaza as well that houses a number of shops. Here too you can own shops with prices starting from Rs. 23.8 lakh. 

The location of Bhiwadi is expected to grow considerably in the recent years. It is due to its location and close proximity to Delhi. It serves as an entry point to Rajasthan and Central India as well. This in turn has led it to develop as the industrial hub and as an industrial centre. It has now been incorporated with NCR status which will help it develop more in the years to come.