Buying commercial property (shop) for investment

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Talk-Of-The-Town
dhinchakrohit
Hi friends,

What are the pros and cons of buying commercial property?

Pls share your views...
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Do u want to make income by leasing it? If yes, beware of cost cutting measures by companies during recession. If recession hits then many branches and businesses will be shut down, this creates more supply of commercial properties later

Deal Cadet Deal Cadet
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Which city , which project are you planning ?

Talk-Of-The-Town Talk-Of-The-Town
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Suburban Mumbai, nearby station.
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Generous Generous
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Getting rid of tenants for whatever reason (not paying, problematic etc) is a difficult proposition.

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Why is that? Please elaborate. 
Esp since the agreement tenor will be of 1 year with clauses enabling the owner to ask the tenant to vacate with a defined notice period.
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Deal Lieutenant Deal Lieutenant
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....Best time to find a good deal...due to increased interest rates ( it will be increased again on 6 april )...many emi stressed properties are coming in market with good 5-8% haircut....go and search best deal for you...

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