| The Commercial under construction
market in Mumbai is more driven by
Investors then actual users. Most
of the office spaces leased out by
Corporate and MNC's across Mumbai
is owned by High Net Worth Individuals
who enjoy buying property at Under
Construction or while the builder
has launched a building in Prime Location.
This not only gives the investors
dual returns but a fantastic money
multiplying machine over the years.
The average lease rental returns in
Mumbai is around 9 to 12% and an average
cost of the property can be recovered
in a mere 100 to 125 months for sure.
The present boom which has been on
going from the past 2 years, has encouraged
many investors to return back into
the real estate market and start investing
again.
The downside to investments in under
construction commercial properties
is that, if there is a delay in construction
and the project has a slow builder
then your calculations and cash flow
can go for a toss. Usually, most of
the builders making buildings in prime
locations are pretty conscious of
what they are doing and the investors
are very concerned about day to day
developments.
The other downside is that when the
markets fall and crash the commercial
market is severely effected save and
except in case where your property
is already leased for a term of 3
to 5 years and you have a good contract
then you do not have to worry.
Presently, in July 2007, there are
limited commercial under construction
projects which are nearing completion
and there is a perceived space crunch.
The main properties will shape up
by the 1st and 2nd Quarters of next
year and a lot of Mill Land properties
will come up by the year 2008 and
2009 respectively.
If you are planning to invest in real
estate commercial properties or if
you choose to pick up an office on
outright purchase, please feel free
to mail your requirement on info@hindustanproperty.com
and we will revert with all potential
properties.
Here is a list of some of the Best
Upcoming Projects in the Western Suburbs
of Mumbai.
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