Buying commercial property (shop) for investment

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

Which city , which project are you planning ?

Getting rid of tenants for whatever reason (not paying, problematic etc) is a difficult proposition.

mojo_jojo123 wrote:

Which city , which project are you planning ?

Suburban Mumbai, nearby station.

santosh_blr wrote:

Getting rid of tenants for whatever reason (not paying, problematic etc) is a difficult proposition.

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.

rn09 wrote:
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.

Talk to any landlord and you will understand. Some tenants create a lot of problems and it's difficult to vacate them, esp if the rent is cheaper / lower than current market rates there n you want to increase the rent. Go the legal route and it will take decades to settle.. i would be surprised if this problem does not exist in your city.

....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...

dhinchakrohit wrote:
Suburban Mumbai, nearby station.

@MrKool_JJ

guest_999 wrote:
@MrKool_JJ

Bahut bada hai aisa Mumbai bolneko....
Station side expensive hi rahega sb..even a small 100-200 sq ft property...