All About Commercial Real Estate Properties
Metro Group | 12th Mar, 2019
When we talk about property investment most people generally think about residential real estate, often giving little or no thought to commercial property as a viable investment solution. However, nowadays, a growing number of everyday Indians are recognizing the potential of this sector and are planning to cash in their money in some of the new commercial projects in Navi Mumbai & Mumbai.
What is a Commercial Property?
The term commercial property (also called commercial real estate, investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income. They are properties that are leased out to provide a workspace rather than a living space.
Commercial real estate includes office buildings, shops, malls, restaurants, medical centers, hotels, farm land, multifamily housing buildings, warehouses, and garages etc.
Emerging Commercial Hubs
Navi Mumbai is an emerging commercial hub in the town. Today you will find many commercial properties in Navi Mumbai. It’s a perfect place where you can gain future growth in commercial activities. Navi Mumbai is not only a great location to conduct business but is also an amazing destination to explore an exciting nightlife. With a number of restaurants and eatery joints around, this location has been a center of attraction for various exhibitions and events as well.
Advantages to Commercial Real Estate
One of the biggest advantages of commercial real estate is attractive leasing rates. In areas where the amount of new construction is either limited by land or law, commercial real estate can have impressive returns and considerable monthly cash flow.
On the other hand, most commercial real estate assets are connected to the business, which means one thing…business hours. When owning commercial properties most issues you deal with, excluding emergency situations will be handled Monday to Friday – 7 am to 7 pm, as opposed to residential properties where you know your tenant will be blowing up your phone at 2 am if their roof springs a leak. Which do you prefer?
Who Should Invest in Commercial Real Estate?
People best suited for investing in commercial real estate are those who have a considerable amount of knowledge about the industry or a one who plans to employ people under him. You may have guessed that such an investor is likely to already be quite wealthy, to begin with.
Metro Group’s Fairmount is one such commercial project in Navi Mumbai that realizes the dreams of those wanting to own an office at an attractive location. With its close proximity to Mumbai and other parts of the city, Fairmount aims to offer an inspiring workplace that’s big on space, big on design, big on amenities and more importantly big on grandeur.
For more information visit : https://metrogroupindia.com/fairmount/