Property in India mainly
comprises of commercial and residential property. Both have its own pros and
cons and therefore evaluating which one is more opted and which not will result
into nothing. Commercial property refers to a building or a land in order to
increase revenue in terms of assets or a rental income. In contrast with this;
residential property is the one which is used to provide shelter to small and
medium families in India.
Commercial property in India
The significance of commercial
property in India is booming as large number of offices, stores, malls,
hospitals are opening each day. This as a result has made India among the most
preferred countries to establish business. Commercial property can also be
placed on lease which has a huge advantage of its own. Commercial property
in India gives higher annual return in comparison to residential
property with average yields ranging from 5 - 10 % depending on the terms of
the tenancy. Moreover commercial property also gives business owner to buy the
property they need to occupy. Thus a high level of expertise is required while
dealing with the tenants for commercial property.
Residential property in India
India is equally doing well as
far as residential property is concerned. With the continuous hike in tax structure
and price of property, owing a flat in mere a dream for common man of the
Indian society therefore they prefer rented home. Today residential sector is
giving high revenues to the owners in the major cities like Delhi, Bangalore,
Hyderabad, and Chennai as these cities huge gathering of students due to
several colleges and universities. Considering the high demand of residential
property in india government is also initiating several residential projects
like JP's Wish Town, Orris Infrastructure's Green Bay, Antriksh's Golf City and
Supertech's Golf Country in the Noida-Greater Noida Expressway offering
excellent services along with golf course in their development.
Therefore real estate sector is
flourishing in India and equal ratio is witnessed for both commercial and
residential property depending upon the area and usage. The demand of
residential area is high in metro cities like Delhi, Chennai, Mumbai, Bangalore
because these cities are the center for several best colleges and universities
along with numerous eminent companies and more and more people gather here in
search of jobs and for academic prospect. This raises the demand for rented
place in the city resulting into real estate boom in the country.
