Category Archives: Commercial Project at Chandigarh

7 Points to Consider Before Buying the Commercial Property

7 Points to Consider Before Buying the Commercial Property

Commercial Property Chandigarh

Property investment has always been one of the most common methods of investing capital. Many know that property investment can be a lucrative business option and hence many investors consider it an integral part of their diversified portfolio.

If you are considering investing your funds in brick and mortar, purchasing a commercial property is worth every penny you spend. While purchasing a commercial property, there are certain considerations that you must bear in your mind. Unlike any other kind of investment, putting your monetary sources in the world of commercial real estate is a quite tough step to take. In order to make sure that your investment turns out to be profitable, you are required to do your research well before purchasing a commercial property.

You can go through these points carefully, considering them as a comprehensive guide on purchasing a commercial asset:

The location: The location that looks lucrative today may not be the same tomorrow and you need to be very carefully for the sake of the business.You also must evaluate the location in relation to your suppliers and end users. The value of a property is estimated by its location. So, make sure to have the clear picture of the location. Investors should take time to research the locality. Get a decent idea of the locality and see if it suits your purpose or not.

The neighborhood: The neighborhood should have basic utilities available. You really cannot run your business well without proper drainage, water and electricity. It also helps to look at the infrastructure development within the area because such can impact on your business positively and also negatively. Find out what impact the developments around the property will directly have on your business and be open to other possibilities too.

Start-ups Popping Up Everywhere: There are startups popping up everywhere today. Everyone has an idea, everyone wants to work for themselves; everyone wants to be an entrepreneur. And where do the budding entrepreneurs of our nation get their work done from? These affordable commercial spaces & flexible workspaces for sale, that are not too large or too small, are gaining popularity. You can easily see the rising demand for commercial properties over residential properties give rise to the most basic economic principle – more demand creates more money!

Layout: Office layout provides a strong impact on employee productivity. Effective office spaces for startups and enterprises help in achieving the company’s goals. Some startups and small enterprises prefer an open office layout because it encourages creativity, spontaneous interactions and brainstorming.

Lease Structure: Find out whether the lease is within your budget or not. Does the price include utilities and maintenance fees? In the CRE sector, lease rates are calculated depending on several factors, with the location of the office and the square foot occupancy being two of the most important ones. Location affects from the land rate perspective – the more classy the area, the higher the rates. And, square footage space depends on the size of the property. There can also be a lock-in period (generally 3 years) during which the tenant cannot vacate the property. While analysing an investment, the investor has to understand how the lease is structured and the inherent risks involved. In general, the longer the lock-in, the better it is for the investor.

Property Taxes: These costs affect your bottom line. Review the taxes and the current market value assessments and determine if they are high, and whether there’s a reason.

Keep patience and stay focused: A common mistake that most commercial property buyers make while investing in real-estate is getting emotional about the matter. Always remember that it is a rational decision not an emotional one.

A commercial income property can be a good source of passive income. Don’t rush to close a deal for fear of “losing out”on a great price. Instead, allow yourself plenty of time to investigate the property thoroughly, and follow the tips above to make sure you find the commercial property that’s best for you. Always determine the fair market value of the property before you take any final decision.

Gunjan Johar Blogger, Real Estate Analyst

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OMAXE INTERNATIONAL TRADE TOWER with 12 % P.A. Assured Return



OMAXE GLOBAL BUSINESS PARK, A NEW TOWNSHIP IN MULLANPUR ( New Chandigarh ) at Chandigarh-KURALI Highway, a 350 acres township, equipped with Resi. Plots, Flats, Floors, Villa’s, Commercial, IT park, Very Good Location with 24 x 7 Security, Power Backup Complete Work, Reserved Stilt Car Parking, Clean & Green Environment, Easy and Affordable. Just 4 km (Appox.) from Chandigarh. 

Omaxe now brings forth its second tower INTERNATIONAL TRADE TOWER of Office spaces. This Business Park is set to revolutionize the place of work by providing spacious air conditioned offices with ample parking spaces and round the clock internet connectivity. This office complex known as the International Trade Tower shall be a pioneer in its own sense, being the tallest structure of the region and shall change the perception of offices in and around Chandigarh.
Additional features—


1. 6 high speed elevators per floor
2. G+24 storey commercial office space .
3. Advance fire fighting systms as per high rise Guidelines. Refugge area at 5th & 10th floor  for added safety.
4. Earthquake resistance structure as per seismic zone IV.
5. International Club house with Full size swimming pool.
6. Complete full Gymnasium with food court.
7. Conference facility, sectariat services .
8. Roof top Restaurant .
9. Assured return plan & construction link Plan.
10. Office spaces starts from 438.64sqft to 1468.64sqft & multiples, Investment proposals as per pocket size.

 New Commercial Tower with 12 % P.A. Assured Return till Offer of  Possession+2 years or 5 years, whichever is later (T & C Apply) 

A part of the 26 acres Global business park designed as per international standards. it include :


 Office Spaces

– Retail Spaces
– 5 star luxury club  

– Food Court

Price Details & Payment Plan
SMALL COMMERCIAL SPACE                           Basic Sale Price ( Inc. EDC)        5950/-
OFFICE FLOORS                                                Inaugural Discount                        100/-
Size ( 438-1468) Sq. ft.                                            Net BSP                                           5850/-

Min Investment Starts with 26 lacs for 438 sqft office

Office Sizes
Rate
BSP (In Lacs)
Yrly  Assured Returns 12%
Mthly  Assured Returns 1%
438.94
5850
2,567,799
308,136
25,678
540.39
5850
3,161,282
379,354
31,613
682.29
5850
3,991,397
478,968
39,914
870.26
5850
5,091,021
610,923
50,910
1128.36
5850
6,600,906
792,109
66,009


Payment Plan:-

DOWN PAYMENT PLAN (12 % P.A. Assured Return till Offer of  Possession+2 years or 5 years, whichever is later)
Booking amount                      2.5 lakhs only
Balance amount                      100% (within 60 Days)
 12% p.a assured Return monthly Cheques payable would start on receipt of  100% of BSP

COMBO  PLAN (50% DOWN PAYMENT) 
At the time of Booking                                  2.5 lakhs only
Balance amount                       50% less booking amount (within 60 Days of Launch)
With in 1 Year of  Booking                            50% of BSP 

12% p.a Assured Return Cheques payable per month would start on receipt of  50% of BSP

Advantages
  • Upcoming Metro Line and Bus terminal in the vicinity
  • Front with 200ft wide main road
  • 8 mins. drive from PGI hospital
  • 10 mins drive from prime areas like Sec.11
  • Stones throw from Madhya Marg
  • Plenty of residential options
  • Approved by GMADA


Apex Realty Solutions ( The Real Estate Consultants)
Customer Care : 9216926999, 9216925999.


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