Lesser known factors to buy commercial property in India

Apart from market research, location, vacancy rate and targets, there are a few other factors that should be kept in mind for successful commercial ownership. Read more here:

Parking availability

As according to the type of business that you plan on setting up, use your judgment and take up a property that has ample parking space for the visitors. Fewer parking spaces generally mean less traffic.

Laws regarding commercial property

There are commercial laws that differ from area to area; therefore, make sure that you investigate the laws regarding the zone. For example, one cannot operate an industrial set up in many areas.

Inspection

Make sure to inspect the infrastructural quality of the building beforehand. Maintenance issues like plumbing can cost a huge amount if they create constant problems later. Also check onto the structures, electric lines, flooring etc.

Contract

Go through the contract with utmost carefulness and make sure that it includes everything from equipments to machinery, clauses regarding the property taxes and utility bills to possession details.