Which are the best buildings in Andheri East?
|Kanakia Wall Street, Kanakia Atrium are the best buildings in Andheri East along with Solitaire Corporate Park and Sahar Plaza complex, Elegant Business Park.|
Which are the best buildings in BKC?
|The best buildings in BKC are Maker Maxity, One BKC, The Capital, Platina, TCG Financial Centre, Parinee Crezenzo, Godrej One. The lease rents on Chargeable area goes from 225 PSF onwards to 425 PSF.|
Is Commercial Property more expensive than Residential?
|In Mumbai, the max commercial rate for office premises is at Maker Maxity, BKC and Ceejay House, the properties go in the range of 38000 PSF to 45000 on BUILT up area with 60% min loading. The residential rates psf go upto 100,000 PSF in buildings like Samudra Mahal etc. in Worli.|
I want to rent my Commercial Property, what are the brokerage Fees?
|Brokerage Fees for renting a property can be 1 months rent for 3 years or 2 months rent for 5 year lease/leave and license agreement.|
What is the Commercial Rent increase percentage/escalation in Mumbai Property market?
|The typical escalation is 10 to 15% every 3 years, or 4 to 5% every year, depending on your lock in period etc.|
Is Commercial Property or office property buying in Mumbai a good investment?
|Yes, it is a good investment and the markets will be excellent for the next 5 years as in the past 5 years, the developers have focussed on making residential properties, so the demand vs supply is balanced in Mumbai.|
Can I sign a leave and license agreement more than 60 months?
|No, you cannot sign a leave and license agreement for more than 60 months/5 years. If you sign the same for more than 60 months, then it’s a lease agreement with different stamp duty rates, which is very expensive.|
What should be the lock in period for giving my office on leave and license basis?
|The ideal lock in period for renting an office in Mumbai should be any where from 1 to 5 years. The higher the lock in period, the higher the commitment from the Licensor and the Licensee.|
What are the benefits of Investing in Commercial Real Estate in Mumbai
|The utmost benefit for investing is regular lease rent returns and tax benefits along with it.|
What is the average Security Deposit I should get while giving the office space on Leave and License basis?
|The market norm in Mumbai for leasing is 6 months deposit and depending on the client profile, start up, lease rent etc. this may be negotiable by month or two.|
How many years should I ideally sign up for a Commercial Leave and License agreement while leasing a property in Mumbai to a Company?
|The ideal lease should be for a period of 3 to 5 years. In most cases, companies will sign for 3 to 5 years with built in escalation.|
Which locations for office premises will be best Thane, Navi Mumbai or Mumbai?
|The answer to this remains a lot with your decision and your location preference and budgets and where you can get the tenant in an easy way.|
Shall i buy Retail space shops or Commercial office space for the same amount of money?
|In the beginning, the retail space will give you lower yield if the retail shop is located in an upcoming location with huge residential outlay, then it’s a good idea to buy Retail as in times to come when the residential community is built, then you will have a great upside on capital appreciation. Lease rent in Commercial Real Estate for office will be stagnant and returns will be in the range of 6 to 9% per annum.|
What is the difference between Raw Shell or Warm Shell offices?
|Raw Shell means total raw office spaces, Warm shell means some fit outs like Toilet Blocks, AC and Common Areas are finished, rest is empty.|
What is the Carpet Area vs Built up Area efficiency in Commercial Real Estate?
|The efficiency to clarify is for example, if you have 500 sq.ft Carpet Area, then if you load 60% on it will be 800 sq.ft Built Up or Chargeable Area. The new buildings loading can go as high to 70% and in older buildings it could be as low as 30%.|
Where to Invest in Commercial Properties in Mumbai?
|The good locations to invest in Commercial Properties in Mumbai would be Andheri East in the range between 1.40 Cr to 8 Cr, as you will get consistent returns. Ideally buy in Newer Buildings as a lot of Clients who are from IT industry etc, prefer to be in new blocks. The next two belts will be Goregaon East, Andheri West, BKC and even Worli/Lower Parel. Nariman Point is also a good contender due to the Metro passing through that zone.|