Property Dealer In Panchkula

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Understand Commercial Real Estate Property

Real estate is broadly categorized into two fields; commercial and residential. Finding commercial real estate property in Panchkula is not exactly similar to finding a residential property. Unlike residential property, the use of commercial one is to generate income through business. A commercial property may be a shop, a shopping mall, a hospital, or even a hotel.


Though the supply of commercial properties available and what factors should you consider before buying a commercial property for yourself.

Types of Commercial Real Estate Properties

Basically, the types of commercial properties depend upon the different business services that they have to offer. Some common types of real estate properties are;

Multi-family

Multi-family property as the name suggests is a property that has multiple units in it. Let us understand this with an example, an apartment building is a multi-family building. You might confuse it with being a residential building. But, in reality, this building is bought for the sole purpose of selling or leasing it to multiple people, making it a commercial property. 

Industrial

These commercial real estate properties which are of such kind are mostly used for manufacturing and distribution purposes. Due to this, they are mostly set away from the residential areas and are linked to major transportation routes. These are categorized into 4 types;


  • Heavy Industries

  • Light Assembly

  • Warehouse

  • Flex Industrial

Office

Office buildings are found in cities are can be skyscrapers or can be mid-rise buildings. They are similar to multifamily buildings. The only difference is that office spaces include conference rooms, reception areas, or any other office space. Most companies rent this commercial property because they won’t hover around and keep on changing their office on regular basis. The office space is divided into 3 classes;

  • Class A

  • Class B

  • Class C

Retail

This can range from a mall to a large shopping center. Because of the high footfall, this building requires constant maintenance. And the downside of this type of commercial property is that it is the most expensive. The property is also typically leased for a long period of time, ranging from 5 to 10 years. 

Factors you should Consider Before Investing in Commercial Property

The investment in Commercial property is usually high and requires a large sum. Thus, it becomes important that you consider the following factors before investing in it;

  • Location of the property

  • Valuation of the commercial space

  • Lease structure

  • Income potential

  • Time of construction of a building

  • Investment purpose

Finally, the world of business is flourishing since time immemorial, and so does the requirement for commercial real estate property not only in Mohali but also throughout the world. Thus, it becomes mandatory to understand your requirements first and then decide the type of property you would be investing in. Do this, by considering the factors listed. 

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