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/

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.

Real Estate Builders In Alwar – Choose The Best One

Buying a residential property is a vital decision in life as you end up paying a huge amount that you have saved yet. Thus you need to be very careful and concerned when finding a deal. There are many real estate developers building and offering different types of housing projects. People usually get confused while choosing the best developers. Each builder tries to persuade his clients that he is the best in the market but customers are not sure about things that make the builder the best one in the real estate business. Here we will guide you with some effective tips that will aid you to contact the right one who will offer a great deal worth the cost you are investing in. 

History and record

You need to do a thorough investigation about the background and history of the builder because as a buyer it’s your right to know about the real estate projects that he has worked earlier. Avoid choosing a newbie in the market and putting yourself on the risk, you are spending a huge amount after all. Select a renowned developer who has a reputation and years of experience in the real estate market.

Finances

Another important thing to consider is to check the financial status of the builder before investing your money. A real estate builder can be graded positive or unproductive based on his organization or assets that he has. Make sure, he has enough resources that are unaffected by the fluctuations in the real estate market.

Legal estimation

This is the most important thing to remember when making a deal with a real estate developer. You can consult an attorney to learn about the important documents related to a project you are looking forward to buying soon. Important documents include land acquisition papers, building approvals, and a bank loan. The project must be RERA approved.

Reviews

You can evaluate a developer by visiting his website and going through the reviews online. Also, there are various websites allowing people to assess a builder as they evaluate them on the basis of quality, projects, costs, and performance in the market.

R Tech is the most renowned name in the real estate industry with expanded interests across residential, commercial, retail and townships sectors. The company has 11 years of extensive experience and projects worth INR 4000 Crores. Known as the best Real Estate Developer In Rajasthan, Rtech is providing a number of commercial and residential projects across the region including Capital Galleria, Alwar, Capital Highstreet, Bhiwadi, Cross Point Mall, Alwar, Capital Mall, Bhiwadi. The housing projects from the developer include Green Park Township, Residential Flats in Bhiwadi, Capital Greens, Mukhyamantri Jan Awas Yojana and more.

A Sneak Peak Into The Upcoming and Current Real Estate Projects in Bhiwadi for 2017

Bhiwadi is becoming the next important place of investment for the real estate developers. It is offering itself to be a safe destination for real estate development, compared to some other markets in India. Many places in North India are engaged in land acquisition issues which keep on the investors waiting.  This is not the case with Bhiwadi, so realestate developers in Bhiwadi have found out a place which will give a good return on their investment.

Some Statistics Revealed

The investors in Bhiwadi are receiving great returns compared to other real estate developers in rest of India. Those properties that were rated at Rs 1700 per sq ft in 2007,  they went up to Rs 2200 in 2012, and by this year it is already Rs 3100 sq ft.

Advantages

Bhiwadi’s property market has several advantages. Its strategic location supports the growth of various industries. The location has a good connectivity with the eight-lane road to Gurgaon on one side and Jaipur on the other. Low property rates, new infrastructure, low cost of living, less population and even lower pollution levels are some of the many reasons which prompt people to choose this place. It is also part of 2021 National Capital Region Plan, so more growth is expected in the coming years.

A Quick Glance

·         Bhiwadi is a safe area to invest as there is no land related controversies here.

·         As the ticket size is small, one can easily exit the market if situations are not favorable.

·         Since 2007, the appreciation has almost seen a 100% growth despite an overall slowdown in the real estate sector.

·         Property prices are still very low, in spite of huge demand.

Investments In Bhiwadi

Bhiwadi promises to be the next commercial hub after Gurgaon. As many as 27 developers till now, have invested in Bhiwadi. Rtech group is one of them. They are very prominent developers in Rajasthan who have come up with wonderful commercial projects in Rajasthan, earlier. Now, they have chosen Bhiwadi as their next investment area. R-Tech Capital Highstreet and R-Tech Capital Galleria are two of their highly prestigious commercial investments in this place. R-tech BDI Capital Greens is a highly anticipated residential property from them, which is still under construction.

Omaxe Limited has started working on setting up an Export Processing Zone whereas RIICO has developed 15 industrial areas which house 300 large and medium scale manufacturing units. Uppal Group is also investing in two SEZs. For shopping, Parsvnath and Ashiana have invested in two shopping malls ranging from 2800-5500 square feet in area.

Bhiwadi’ proximity to Delhi and Gurgaon has been responsible for its commercial growth. Ashiana Housing and Parsvnath, on the other hand, are investing in residential real estateprojects in Bhiwadi. Ashiana Housing has completed 1300 units on six different projects. MTech Developers, Camellia Garden Estate and Piyush Group and Reliance are also not far behind. Various under construction projects make Bhiwadi boast of its growing real estate sector.

Upcoming Trends Real-Estate Property Aspects in 2017

So finally we have entered in the year 2017 with demonetization and  many more so many of individuals are looking forward to invest in property just adjacent to NCR region, which  should be premium and with less travel time, then the best commercial developers in Alwar – The Rtech group, have the most desirable upcoming projects. Their reputation precedes them and their success  can be best judged from the demand they have for current and under construction projects.

Cross Point Mall, Alwar with all its magnificence already stands tall in the centre of Alwar city, just next to the hub of retail and commercial activities of Alwar. Capital Galleria is also underway and is going to create a huge buzz as it would be one of the most sought after property location, due to the facilities it offers and also due to the fact that it is located in most convenient of locations. To gauge the completion status one could always visit http://www.rtechgroup.co.in/signature-projects/commercial-property/current-project/capital-galleria-alwar/ and get the latest updates. 

The features that do make this property stand out are: 

• Top locational advantage
• Multiple floors with robust structure
• Sufficient space for car parking for all
• Restaurants for food, fun and socialising.
• Business suites for all the needs of an executive or business.
• Latest designs matched with a modern look
• Secure architecture – helps you relax and stay relaxed, by ensuring complete security.
• High-street connectivity

To offer a more wide range of options so that people from all walks of life can look to make winning investments, there are more projects like Capital City, Alwar which comprise of the option to choose from one of 1, 2 & 3 BHK apartments spread in a wide space with multiple floors in each building. The campus also engulfs modern club with swimming pool and recreational facilities like badminton court etc. Everyone likes to go for a walk and sometimes a jogging park nearby is very significant feature while selecting a property. The residential complex has its own jogging track along with theme-based gardens with water features and a playing area for kids as well. Podium car parking space makes sure, that space is well utilised and there is still ample room for parking space for all the inhabitants. 

The kind of variety and maintained quality goes on to reaffirm the status of Rtech group as the best commercial developers in Alwar. The choices do not just end here, there is an option to look for a potential in Green Park Township, Alwar as well. 

Green Park Township, Alwar will be the dream home that you might have wished for all your life. Almost all the good features from the other mentioned residential complexes have been inherited by Green Park Township, Alwar as well. Making it one of the top contenders when it comes to investing in property anywhere around Alwar.

The Rtech believe in keeping their investors informed which has helped them be at the top of the leaderboard when it comes to real estate developers and they update all their details on http://www.rtechgroup.co.in/ so do pay a visit and witness for yourself.