Commercial Property Cost in Gurgaon
Commercial property cost in Gurgaon has had an appreciative trend for the past decade and more. This is due to the growing commercialization of the region. Gurgaon is a commercial hub nonpareil in the Indian subcontinent. This has necessitated in the development of the region in a never before scale. The region has witnessed the active presence of most of the real estate majors. The infrastructural development companies have erected magnificent edifices of marvelous grandeur. These massive infrastructural activities have given a big face-lift to the region and thereby leading the Gurgaon commercial properties high on the real estate appreciation map in India.
In a recent market study on commercial property cost in Gurgaon conducted by a professional property management team in the national capital of India, the following facts were revealed. Commercial property cost per square foot in Gurgaon during the early period of the second part of 2009 is approximately Rs. 4,400. If it is premium commercial property at the high-end areas, it could go up to Rs. 10,500 per square foot. Plots suitable for commercial premises developments in the prime locations have been found to be of around Rs. 6,000 per square foot. For apartment units, the estimate shows that the average cost hovers around Rs. 90 lac. For land plots suitable for commercial development, the price has been found to be around Rs. 1.5 crore. On a comparative analysis of the commercial property cost in Gurgaon over the years, the estimate arrives at the conclusion that there has been a consistent annual appreciation of around 20 to 30 per cent.
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There is a lot of theoretical commercial property advice available for first timers in this exciting market. While it indeed is a great opportunity to get a chance to invest in commercial real estate, it has to be done after proper due diligence. Unless one keeps an eye out for the various pitfalls in this market, one is likely to end up making a distress sale and losing one’s savings.
Tie up the Loan
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