top of page
logo-white.png
custoumer-guide-banner.jpg
custoumer-guide-banner.jpg

CUSTOMER GUIDE

PURCHASING COMMERCIAL PROPERTY?

HERE'S WHAT YOU MUST KEEP IN MIND...

LOCATION
REMEMBER, WHAT MIGHT BE A GREAT LOCATION FOR A RESIDENTIAL PROPERTY MIGHT NOT BE SO FOR A COMMERCIAL PROPERTY.

Ask yourself the following:

  • 1) Is the place generally buzzing with activity?

  • 2) Is the property on a fairly wide motorway?

  • 3) Is it easily approachable from all directions?

  • 4) Is there sufficient parking space around?

  • 5) Are there other commercial properties around?

  • 6) Is the area a business district and popular shopping area?

  • 7) Would it be suitable for what you have in mind?

3.jpg
2.jpg
ELEVATION
HOW ATTRACTIVE A PROPERTY LOOKS FROM OUTSIDE OFTEN DECIDES CUSTOMER PREFERENCE AND FOOTFALL.

So, check out the following points:

  • 1) Does the property attract immediate attention?

  • 2) Does it have a glass facade that ensures ample natural light inside?

  • 3) Does it have an imposing and impressive entrance?

  • 4) Will it add face value to your business?

FEATURES
CONVENIENCE, UTILITY, PRACTICALITY AND STATE-OF-THE-ART FEATURES ARE A MUST CHECK.

So, check out the following:

  • 1) Is the entrance lobby warm and welcoming?

  • 2) Are the elevators high speed and of a renowned brand? Is there adequate power back-up?

  • 3) Are the stairways wide and easy to use, especially in an emergency?

  • 4) Are there sufficient washrooms for visitors and customers?

  • 5) Does every unit have an attached washroom?

  • 6) Is there provision of sufficient water for everyone who utilizes the property as well as visitors?

  • 7) Is the building eco-friendly with extensive use of solar panels and large expanses of glass for power saving?

  • 8) Are there enough CCTV cameras and security personnel to ensure the safety and security of one and all?

  • 9) Is the property fire-safe with comprehensive measures for high-speed evacuation in the event of an emergency?

  • 10) Is the property Wi-Fi enabled?

POINT.png
1.jpg
QUALITY
THERE ARE MANY FACETS TO QUALITY. DON'T FORGET TO CHECK OUT EVERYTHING.

  • 1) Has good quality construction material been used?

  • 2) Is good quality workmanship evident?

  • 3) Are the fixtures of renowned brands and premium quality?

  • 4) Have top quality electrical fittings and wires been used?

PRICE
THE PRICE OF A COMMERCIAL PROPERTY WILL OFTEN DEPEND ON A NUMBER OF DIFFERENT PARAMETERS.

​So, while weighing the price of the property, consider the following:

  • 1) Is it located in a flourishing business district, or is it in a virgin territory?

  • 2) What is the prevalent rate per sq. ft. in the area in other such properties?

  • 3) If new, is it a ready-possession property or still under construction?

  • 4) If on resale, how old is the building, how well has it been maintained and is the rate commensurate?

  • 5) Is the price right for you, depending on the returns you expect from your business activity?

  • 6) If you believe, the property will add stature to your business, is it a worthwhile investment?

completed-one.jpg
completed-three.jpg
VALUE FOR MONEY
OFTEN A COMMERCIAL PROPERTY MIGHT APPEAR EXPENSIVE, BUT MAY ACTUALLY BE GREAT VALUE FOR MONEY.

​So consider the following:

  • 1) Is the square feet utilization above average? Most developers offer around 40-45% Built-up to Saleable area.

  • 2) If under construction, what are the chances that it will command a higher than the booking rate immediately on possession?

  • 3) If ready-possession, how certain are you that your enterprise will flourish from day one because of all the favourable parameters?

  • 4) If it is an investment, do you envisage handsome returns in the form of rent or simply value appreciation over time?

bottom of page