If you are thinking of investing in commercial spaces, this is the right time. Currently the commercial real estate market in India is booming. The regulatory acts and initiatives have brought a positive result. There is also the rise in the concept of co-working spaces which has created the need for such quality spaces with amenities. Have a look at what a good commercial space investment can bring you.
Consistent rental income
This is one of the biggest advantages. You can earn high and regular rental income from your commercial spaces such as office space, shop or showroom. All you have to do is to buy a property strategically at premium, well connected, business friendly location. This rental income is not affected by market conditions so no need to worry. Also, price appreciation will be higher in commercial spaces than residential ones.
No furnishing expenses
You don’t have to furnish your commercial property since you are renting it out. Your tenant may it be a bank, clinic, spa, will furnish it according it to their choice and branding. So relax and enjoy your hassle free income. Plus your property will be well cared for and maintained.
Long lease period
In commercial spaces segment, lease periods are longer such as three, five or ten years. So you need not worry about bringing in new tenants after every one or two years. Plus your return on investment is higher. In addition you can focus on the then booming industries such as IT, Healthcare, Beauty and rent your commercial spaces to them. In this way, your returns will skyrocket.
Be a smart investor. Go for investment in commercial spaces and watch your rewards multiply!