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Good Commercial Areas In Gurgaon has got immense importance as a corporate hub. It houses a number of industries ranging from IT, ITES, BPO, auto manufacturing, hospitality and more recently the medicine field industries. Along with a well planned infrastructure, it offers globally comparable business houses like IT parks and Business Centers. Commercial centres like Udyog Vihar, IMT Manesar, InfoCity, Pace City etc have only added up to the value of Gurgaon as a commercial hub. A dearth of commercial properties in Delhi, has also burdened the NCR region commercial segment. Though, the supply has been enough till now, the demand is growing at a faster pace. The demand for commercial property is ever rising in the city and day by day and it is becoming the first choice among corporate houses and firms. To cope up with this burgeoning demand for commercial space, many developers have started new projects in the city. In addition to the corporate centres, offices, IT parks, the recent addition of shopping malls have opened new avenues in the retail space segment. Metropolitan Mall, Mega Mall, DLF City Centre, Ambi Mall, Omaxe wedding Mall etc are a few names, that have made the retail market a hotcake in Gurgaon. iValley at Manesar, Cyber Park at Sector 67, Element 9 at Manesar etc., are just to name a few of the new commercial projects in the city. The presence of sundry industries and multi national companies has caused an increment in the property rates. The search for a place, that is appropriate for your kind of business, in a good locality with good infrastructure but still easy on the pocket, is not really an easy task. A thorough market research is mandatory. A good way is to move out of the most popular commercial areas and look for newer avenues. For example, Golf Course is known to be the hub of corporate offices. It is very popular and equally costly. Though, it obviously is always the best place to have an office, with buildings like Vatika Tower, Global Flyover, Vipul tech etc. But, at the same time, it’s quite costly. So, if you are planning to have an office and are ready to get out of the charm of the posh localities, you can find some good economical options e.g., Udyog Vihar Phase-VI or Pace City-II etc. Let’s have a look at the rates of a few localities in Gurgaon, which are appropriate for office space and retail space (shops) and are cost-effective too: Office Space: Area // Average Price per Sqft (INR) // Average Rent per Sqft (INR) Pace City-II // 3952 // 16 Udyog Vihar Phase-VI // 4553 // 43 Udyog Vihar Phase-II // 5159 // 44 IMT Mansesar // 5908 // 15 Sohna Road // 6004 // 76 Retail Space (shops): Area // Average Price per Sqft (INR) // Average Rent per Sqft (INR) Manesar // 9988 // 60 Sohna Road // 10548 // 85 Sector-57 // 10858 // 85 South City-II // 11672 // 65 Palam Vihar // 12621 // 84 The purchase of properties has increased in Gurgaon and will continue to do so. The market is getting stabilized after the downfall of the realty sector. It is high time to invest in Gurgaon properties and expect a good return.
Zamanzar.com is currently ranked within the TOP 10 real estate portals in India according to Alexa traffic rank. Zamanzar.com provides an end to end solution for buying/renting/selling residential or commercial Indian real estate. Zamanzar.com has thousands of property listings for sale and rent in Gurgaon, including residential and commercial resale properties, rental properties and new projects. You can arrange site visits and close the deal with us, if you like some properties. Please visit our Gurgaon home page at http://www.zamanzar.com/Gurgaon-Real-Estate.html
For those who are looking for an excellent way to generate outside income, the commercial real estate industry is a great way to go. Many people have begun to invest in commercial real estate, and since this type of real estate is continually being purchased and sold, it has become an excellent way to invest money for a guaranteed return. Before one becomes involved in the commercial real estate market, it is highly important that they understand the commercial real estate industry and its many surrounding components.
A Basic Definition of Commercial Real Estate
First and foremost, it is imperative that one understands a basic definition of commercial real estate. Essentially, commercial real estate includes various real estate properties that have the potential to be able to generate outside revenue or even income for the owner. Whether the property has immediate potential for generating income or revenue immediately, or perhaps in the future, it can still be labeled as commercial real estate.
A Desirable Investment
Commercial real estate is an excellent choice for investors for a variety of different reasons. One of the main reasons that investors find commercial real estate to be such a pleasing investment is that is brings about both long term and short term financial benefits. In the short term, commercial real estate can help you bring in a better cash flow from the use of the property, and at the same time, in the long run the property will only appreciate in value, which will result in long term benefits should you choose to sell. Most investors also find that there is a lot less risk involved with commercial real estate than there is when dealing with other types of real estate. If you purchase apartment buildings or a strip mall, the risk of your investment will spread out among those who are renting from you, and even if you lose one of your renters, you still will be making money and seeing a return from your investment.
Commercial Real Estate Properties
Another positive benefit of commercial real estate is that the scope of properties that you can invest in is quite large. Commercial real estate includes various different properties that make excellent investments. As long as the building consists of more than four units, it can be considered a commercial real estate property. Commercial real estate also includes other properties such as strip malls, apartment buildings, RV parks, industrial parks, mobile home parks, and commercial centers.
Jobs within the Commercial Real Estate Industry
There are a variety of different jobs that are included within the commercial real estate industry, and all of them benefit from this excellent market. The investors have a very important job within the industry, since it is their money that is being used to make the property develop and become prosperous. Builders too have an important job, and many times they work within the commercial real estate industry to build new structures on commercial property such as apartment buildings or shopping malls. The lenders have a very important job, and they work to make sure that investors get the loans and mortgages they may need to be able to purchase commercial real estate properties. Also within the industry are the brokers who represent the owners and deal with the sales and property transfer issues. Last of all, but certainly not least, are the users who actually put the money in the investor’s pocket.
Financing Commercial Real Estate
Those who are planning on being involved in commercial real estate need to consider how they can finance any commercial real estate purchases. While few people can actually just purchase the property with money they already have, most people are going to be turning to other methods of financing the property. More than likely you are going to need to go to a lender to be able to finance any commercial real estate that you want to purchase, but there are a few things that you can do to make the process smother.
First of all, you will want to make sure that you have a business plan. You need to be able to show the lender why you want the property and how you plan on making it a successful investment. It is also important that you have at least a portion of the money needed for the property saved up so you can show that this is a serious venture and you are ready to make a personal investment in its success. Also helpful is a current appraisal of the property you are considering. This will help show the value of the property to the prospective lender. Having an attorney to help you and to check out legal issues will also be important, and in the end you should always compare several lending offers before making a final decision.
Getting Started
For those who are interested in commercial real estate and the financial benefits that can be enjoyed, there are many ways to get a start in the business. One of the keys to getting started is to glean all the information about the business that you can, whether from reading books, searching the internet, or speaking with friends and business colleagues that may have experience in commercial real estate investing. Checking into the area you live in and getting a look at what kind of commercial real estate is available and what the prices are running can help you begin to get a closer look at the costs and the availability of commercial real estate in your area. Attending zoning and city planning meetings may also give you insights and ideas for getting started as well. Lastly, one of the best things you can do is to start building a network of friends and business acquaintances that already have their foot in the door of the commercial market. Learning from their successes and mistakes can help you on your way to becoming a successful commercial real estate investor.
Tony Seruga, Yolanda Seruga and Yolanda Bishop of http://www.maverickrei.com specialize in commercial and investment real estate. As of May, 2006, they and their partners are managing over $600 million dollars worth of new projects.
“I’m in debt up to my eyeballs” This video does not belong to me – I simply ported it from the lending tree website. Please don’t ask me for originals or DVDs as I do not possess them. I also do not possess the rights to this commercial so please contact Lending Tree if you want to use this video.
Recent commercial lender changes are likely to impact most small business owners. If a commercial borrower wants to continue their present banking relationship, they will find (in most cases) that the business lending changes are permanent and cannot be avoided. A few new and more flexible commercial lending sources represent a welcome exception to this trend.
One of the biggest commercial lending changes involves new guidelines for working capital financing. Most banks appear to be quietly eliminating business lines of credit or severely reducing the amount they are willing to finance to a level which is not helpful to an average business. Very few businesses can survive without a reliable source of working capital, so this change promises to receive the highest priority from most small businesses. To replace the disappearing commercial lines of credit, the most practical options for business borrowers include working capital loans and merchant financing from one of the alternative commercial finance sources still active in small business financing programs.
The difficulty of locating investment property financing illustrates another business lender change. If the commercial property is considered to be owner-occupied (the owner occupies a substantial portion of the building), more banks will be interested in making commercial real estate loans. Investors that do not occupy the property often own business properties like shopping centers and apartments. For many banks, it appears that they are currently restricting their commercial lending activities to those which qualify for SBA loans (Small Business Administration) which generally exclude investor-owned situations.
A third significant business lending change is demonstrated by revised guidelines for refinancing commercial real estate loans. In almost all cases, commercial lenders have dramatically reduced the loan-to-value percentages that they will lend. In some areas and for specific types of businesses, many banks will no longer lend over half of the appraised value. While this causes difficulties when attempting to buy a business, the problems for a commercial borrower reach a crisis magnitude when refinancing an existing commercial loan. In many cases the original business loan was based on a much higher percentage of business value than the bank is currently willing to provide. The lending problem is further compounded when a current appraisal reveals a decrease in value since the original loan was made. Due to a distressed economy which frequently results in decreased business income that then leads to lower commercial property values, such an outcome is especially common.
In a fourth example of commercial lending changes, for virtually all small business finance programs many small business owners have already discovered an inflated fee structure from most banks. Perhaps the bank perspective for some of the commercial financing fee increases is that they need to find a revenue source to replace the diminishing income from small business loans which has resulted from bank decisions to decrease commercial loan activity. When they encounter suddenly increased business financing fees levied by their current bank, business borrowers should seek different commercial funding sources except in unavoidable and unusual circumstances.
A final example of commercial lender changes is depicted by banks changing their overall guidelines for small business financing. Many banks have effectively stopped making any new commercial loans to small businesses regardless of business income or creditworthiness. Unfortunately these banks are not announcing publicly that they have discontinued small business finance activities. This means that while they might accept business loan applications, they do not intend to actually finalize commercial financing in most cases. Whenever it becomes obvious that the bank has no real intentions of making a requested working capital loan or commercial mortgage, this approach has clearly frustrated and enraged business borrowers.
The five commercial lending changes described above are unfortunately the proverbial tip of the iceberg. As they approach business lenders to obtain commercial real estate financing, working capital loans and small business financing, business owners will need to be especially skeptical and diligent.
Stephen Bush has provided candid advice to business owners for more than 25 years and is a small business loans expert. AEX Working Capital Financing and Small Business Financing
The Mumbai real estate market witnessed a slowdown in the second quarter of 2007 with a decline in property prices. Real Estate Mumbai is likely to see a marginal correction in capital and rental values during the coming year but is likely to affect the price-sensitive pockets of the city more than high-end and posher colonies.
The real estate boom and a plethora of development activities in major parts of Mumbai have made it even more attractive for investment prospects in commercial and residential sector through excellent returns. The hike in demand as well as supply and appreciation in capital values have attracted considerable attention from overseas investors. The Mumbai Real Estate stands for the high growth in Indian property market. micro markets in Mumbai generally have experienced an increase in real estate value.
Mumbai western suburbs have already seen some major commercial occupancy especially in the BPO segment. Navi Mumbai is witnessing major developments with the proposed Special Economic Zone (SEZ) planned by Reliance and CIDCO. Thane is also making rapid strides in residential properties. Good connectivity and vast green belts and shopping malls add to its prospects even further.
International companies like Fishman Holdings are materializing their hi-tech, commercial and office project at an investment of $330 million in Thane, north of Mumbai.
Major property developers in Mumbai, underpinned by the vastness, scope, success and scale of progress in the city are now transforming developing properties into strong retail bases. Then of course, the government permitting foreign direct investment (FDI) up to 51% in retail trade has also brought about major moves in retail industry which is visible from the chain of retail companies. This particular trend has demanded more retail space in Mumbai fulfilling the need of the competition and market requirement.
New Mumbai is a scorching area for real estate investors as it has one of the world’s best master-planned cities, and the proposed international airport project in Navi Mumbai pushing up plot rates is a major boost to the area.
Sternon Group Dubai-based real estate developers is working closely with Garnet Construction to offer investors, holiday-seekers and Non Resident Indian families homes with large airy rooms, good lighting and amenities of international standards.
It also anticipates high appreciation in the short-term and high rental values in view of the rising mortgage rates in India.
The new developments relating to Maharashtra’s draft housing policy regarding
the mandatory requirement of buying home in Mumbai and selling of real estate on basis of carpet area, and the Maharashtra government taking on the role of a facilitator and an enabler real estate, and is making efforts to remove the constraints faced by real estate industry.
There is a rage for redevelopment in the posh Mumbai neighborhoods, such as Bandra and Juhu. owners of old housing blocks can swap their apartments for newer ones, which are also typically 30 percent bigger.The builder even pays rent to the temporarily displaced families for the time period when the new building to come up.
Bandra-Kurla Complex (BKC) and Lower Parle have seen appreciations in commercial spaces falling under the category of Grade A. The occupancy levels in other preferable locations like Andheri West and Nirman Point also increased in the current year and are believed to have marked the rise by 90-95%. Another mark appreciation is in regard to commercial properties in Mumbai, and is prevailing in the city’s micro markets barring a few exceptions.
NRI Real Estate trends
Spread across 400 acres, the project named ‘Magic Hills’ is a residential cum commercial township, of which the 250-acre residential portion offers row-houses and individual and twin bungalows, with world-class amenities as well as recreational, retail and educational facilities designed to meet the sophisticated tastes of NRIs worldwide.
He spoke of the proposal for reserving some portion of housing layouts and townships for low income group (LIG) housing or homes for economically weaker sections (EWS). He said the government could not be a mute onlooker, given the rising price levels of residential real estate. He termed ‘affordable housing’ as a goal which the government was striving towards. Touching on Public-Private Partnerships, affordable housing, self approval and working towards a single window clearance, adopting new technologies, private sector sharing responsibility for infrastructure development, incentives for rental Apartments in Mumbai, credit rating and bringing about more transparency, Kshatriya said these are the issues that the government of Maharashtra is seized of. ‘Public-Private Partnerships’, he said, were a means of facilitating ‘the tremendous opportunity knocking at our doors’. . Sternon Group, , builders and promoters, has entered Mumbai’s booming real estate market with a Rs. 1,200 crore mega-project on the Mumbai-Pune Express Highway near the proposed New Mumbai International Airport in Panvel.
With an array of vacation homes to choose from, an India or Indian Ocean vacation rental is perfect for family vacations or adventures. Vacation rentals in cities such as Bangalore and Bombay (Mumbai) make a great home base for enjoying cultural attractions or conducting business.
Suraj Kumar Singh is an associate editor to website http://www.indianground.com providing consultancy for Real Estate India with hands on experience in the sector. He has gained proficiency in issues like real estate India, finance, insurances, and investments in India. Feedback and queries are welcome at kumarsingh.suraj@gmail.com
Discover The Secrets To Making Money In Commercial Real Estate With No Cash And No Credit Needed. Simple Step-by-step Course.
Commercial Real Estate Cash Flow System.
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At first i was thinking of becoming a residential real estate agent but then, someone told me about commercial real estate and i was wondering would that be a better career choice and does it work the same as residential. If so, that would be major commision on a $40 million building and that would be a better route i would love to take.
$365 billion of on drawn lines of credit in the form of revolving credits get pulled from the consumers. (Taking Stock)
www.youtube.com HARD MONEY COMMERCIAL LOANS No or limited documentation of income and regardless of credit. Private Investors lend Hard Money Loans on any commercial property based on Equity only. Normally It can be done much faster than any conventional loan. Hard Money Commercial Loan can be done as BAD CREDIT COMMERCIAL LOANS which are normally done by Hard Money Lenders but many borrowers with excellent credit may often need Hard Money Loan to save time and for certain situations. www.lendinguniverse.com COMMERCIAL LAND LOANS May include funding all the development cost for entitlements and or complete construction project. It can be a loan only secure by the land as it is without any string attached. COMMERCIAL BUSINESS LOANS: May also provide funds for inventory equipments and the running operation of the business COMMERCIAL BRIDGE LOANS: Rehabilitation, repositioning, re-tenanting of existing properties, as well as new construction. TIME-SENSITIVE TRANSACTIONS: Acquisition or refinancing transactions with short closing deadlines. PROPERTIES WITH UNIQUE CHARACTERISTICS: Ground leases, higher dollar value per square foot, tenant rollover risk, structural issues. SPECIAL PURPOSE PROPERTIES: Nursing / Retirement facilities related loan requests, entertainment / recreation related requests, business related requests with real estate collateral. SINGLE TENANT/OWNER OCCUPIED CREDIT AND NON-CREDIT: Virtually all uses are considered. Construction, bridge and permanent …