Commercial Vs residential property in India

Property in India mainly comprises of commercial and residential property. Both have its own pros and cons and therefore evaluating which one is more opted and which not will result into nothing. Commercial property refers to a building or a land in order to increase revenue in terms of assets or a rental income. In contrast with this; residential property is the one which is used to provide shelter to small and medium families in India.

Commercial property in India

The significance of commercial property in India is booming as large number of offices, stores, malls, hospitals are opening each day. This as a result has made India among the most preferred countries to establish business. Commercial property can also be placed on lease which has a huge advantage of its own. Commercial property in India gives higher annual return in comparison to residential property with average yields ranging from 5 - 10 % depending on the terms of the tenancy. Moreover commercial property also gives business owner to buy the property they need to occupy. Thus a high level of expertise is required while dealing with the tenants for commercial property.

Residential property in India

India is equally doing well as far as residential property is concerned. With the continuous hike in tax structure and price of property, owing a flat in mere a dream for common man of the Indian society therefore they prefer rented home. Today residential sector is giving high revenues to the owners in the major cities like Delhi, Bangalore, Hyderabad, and Chennai as these cities huge gathering of students due to several colleges and universities. Considering the high demand of residential property in india government is also initiating several residential projects like JP's Wish Town, Orris Infrastructure's Green Bay, Antriksh's Golf City and Supertech's Golf Country in the Noida-Greater Noida Expressway offering excellent services along with golf course in their development.

Therefore real estate sector is flourishing in India and equal ratio is witnessed for both commercial and residential property depending upon the area and usage. The demand of residential area is high in metro cities like Delhi, Chennai, Mumbai, Bangalore because these cities are the center for several best colleges and universities along with numerous eminent companies and more and more people gather here in search of jobs and for academic prospect. This raises the demand for rented place in the city resulting into real estate boom in the country.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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