Showing posts with label commercial Real estate. Show all posts
Showing posts with label commercial Real estate. Show all posts

Friday, July 17, 2020

Buying a Commercial Property That Guarantee Success and Prosperity


The real estate market in India has grown by leaps and bounds since the implementation of RERA, Smart City Mission and Start-up India Mission. These schemes created high demand for commercial establishments. As the Indian population is growing rapidly, the demand for commercial real estate will never decrease. Therefore, investing in commercial properties can help you achieve a higher return on investment. Okay, investing in a commercial real estate can be a bit scary because you need to invest more money. But with a few simple tips in mind, you can invest in a property that will help you emerge successfully.

1. Research the market

Before investing in real estate, you need to pay attention to market trends. Also find out what kind of qualities are in high demand. Before deciding on what to buy, you need to analyze the scope of future development in the regions.

Buying a property in a developing area is much better than buying a property in a well-established location. The former choice is cheaper and it gives you a higher return on investment.

2. Consult a financial expert

When you have no prior experience in this area, it can be difficult to estimate the exact cost of purchasing a commercial actual. Therefore, before purchasing a property, you should consult a financial advisor and plan your budget accordingly. Tax implications can be complex to analyze in a real estate transaction.

3. Analyze your financial situation

Before investing in a commercial establishment, you should analyze your financial situation. Make sure you will be comfortable paying its EMI, even if there is no rental income from the property. Also, before purchasing a property, you should analyze the scope of income from it. In addition, you should also calculate the risks involved in the entire business.

4. Plan your layout well

Whether you are building an office space, shop, mall, or simply renovating it, the layout has a big impact on operational efficiency. This will directly affect your scope of making money by rent or reseller. Therefore, you should prepare a smart plan to refurbish or design the property. Seek the help of an architect if needed.

5. Choose the right builder

You should always buy a commercial property from a reputable builder. Therefore, does a background check of the builder and take a review from those who have purchased the property from the builder. Also, make sure the builder is specialized in the field. The history of a builder should also be considered in the context of the completion of the project.

Friday, November 22, 2019

Jaipur civic body to levy tax on business units of less than 100 square yards


The Jaipur Municipal Corporation (JMC) is plotting to levy a tax on all commercial properties in the city, irrespective of their dimensions. The proposal related to this also includes structures of less than 100 square yards.
 

In a modern prediction, the Jaipur Municipal Corporation (JMC) is considering the objective of taxing all commercial properties, irrespective of their dimensions. The authority has earlier made a proposal in this regard to the state, which has petitioned the tax department to include commercial structures of less than 100 square yards. If allowed, the proposal would include homes that are practicing the assumptions of paying for the idea of ​​guests, hostels, and even a guest house.

According to JMC Deputy Commissioner Revenue, Bhardwaj, the formation of the assets already described will eventually adjust to improve the administration's resources.

Furthermore, contrary to the current situation, the marketing of items of worship would also be included on the basis of the scope of taxation, except for commercial properties built on the collection of pilgrims.

The choice is seen as an affirmative action, notably the separation of the municipal corporation into two divisions which is Greater Jaipur and Jaipur Heritage Municipal Corporation. To evaluate, the bulk of most commercial properties in Jaipur are less than 100 square yards. Therefore, tax acquisition is a challenging plan for the authority.

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