Factors to Consider When Buying Commercial Property in BKC

1. Factors to Consider When Buying Commercial Property in BKC Planning to invest in a commercial property in Mumbai? If the answer is yes, then you need to consider few important factors in order to make a good investment. Commercial property investment requires research, planning and forethought. From the right location and cost to the current and future infrastructure initiatives in your preferred location, there are various things that need consideration. Benefits of Choosing a Prime Location for Commercial Property Investment If you have chosen to invest in a commercial property in BKC then be prepared to reap several benefits. 1.Buying a commercial property in a prime location makes it easy to find tenants. It is very important to find tenants quickly because delay can impact your yield calculations. You will have to face loss of income if you are leaving a commercial property vacant for a long period. 2.Another benefit is that banks or financial institutions prefer to lend money for commercial units that are located in prime areas such as, BKC or Nariman Point. This is because the likelihood of capital loss is very low. 3.Connectivity and ease in commuting is another advantage that you can enjoy if you are investing in a commercial property in BKC. It will be easier for employees to travel to work on a daily basis. 4.If you are planning to use the commercial property for self-use, then it will increase your company’s visibility since the office will be in a prime location. Also, capital appreciation of the property will also reflect on the balance sheet of your company. What factors make a location prime? From the location’s overall accessibility within the city to the quality of infrastructure and saturation of big companies, there are several factors that make any location a prime location. Even the quality of buildings make a location prime. If you are investing in a commercial property Sunteck Centrako, you need to see if you or your employees can reach the office property easily through different modes of transportation, is there is a huge gap in demand and supply of properties in the location you have chosen? Does the location have good infrastructure? What is the commercial space transaction scene in that area? Did you know there are more than 20 specifications that a commercial property needs to meet in order to get the ‘prime’ tag? Make a list of these specifications and assess the property on that basis. You can get into the Mumbai commercial real estate market by either investing in shops, office space or land parcels. Office spaces look attractive but you need to have a strong budget in order to invest. Shops can be a good entry point for first time investors. The buyer can enjoy good returns and the shop can also be let out to be used as a retail outlet, ATM or even as a doctor’s clinic. Just make sure that you are planning and researching before making an investment.