Commercial office space in Mumbai - How to invest

by Jenita Jose Real Estate

If you’re looking for good investment then commercial property in Mumbai is your best bet. Mumbai, being the financial capital of India, has all the leading businesses, MNCs and even start-ups are based in this city. Commercial property in Mumbai sells like hotcakes for this reason.

Not can you get great returns on resale of this property, but renting out commercial property office in Mumbai can also make you a handsome living. Office spaces in Mumbai are always in demand, due the growing economy and expansion of businesses in the city.

But investing in commercial property in Mumbai isn’t all that easy. There are certain things that one needs to keep in mind, before they invest in commercial projects in Mumbai. Here’s a small guide that will help you make better investments in the city.

1.       Location:  Location is the key to lucrative property investments in this city. If you purchase a commercial property in Mumbai, but it is not well connected to the business hubs of the city, is far away from most business areas and does not offer a lot of opportunities, you cannot expect the same returns that you can get in other areas. Areas like Bandra Kurla Complex, Andheri, Nariman Point are some of the best areas to buy commercial property in Mumbai.

2.       Quality: When it comes down to it, quality is the deciding factor that will warrant you a good rent. Commercial projects in Mumbai with parking facilities, better security, spacious lobbies and waiting areas are a good investment because, these spaces will also attract tenants who will be willing to pay more and likely be retained for longer.

3.       Timing: If you’re serious about your investment, then timing your investment the right way is very important to gaining good profit. Every city and market has a property bubble and it is important invest before the market reaches a saturation point. You need to purchase commercial property in Mumbai, in new areas before the area reaches its saturation point. New buildings get more and better tenants.

4.       Interiors and furnishing: MNCs and business owners usually want to rent commercial office space in Mumbai that is unfurnished. They basically want to a shell property that they can furnish according to their requirements. As an investor if you furnish your property, you could be limiting your tenancy. A shell property is the best investment when it comes to commercial projects in Mumbai. 

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About Jenita Jose Freshman   Real Estate

2 connections, 0 recommendations, 20 honor points.
Joined APSense since, September 21st, 2017, From mumbai, India.

Created on Aug 22nd 2018 11:12. Viewed 494 times.


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