Best real estate developers are developing commercial space for rent in Gurgaon in the prime locations. The blog explains about the benefits of getting a commercial space instead of buying one.
When it comes to a commercial space, there is always confusion for a businessman about whether to rent commercial property or to buy? This blog will help you to decide the same. In today’s scenario, everything is going virtual and people are hesitant to visit shops for shopping. Instead, they prefer to order online. Those were the times when people used to eat piping hot food directly from the vendor, now they prefer to order it online, reheat and eat. It might be not healthy or less tasty, but it is convenient. Due to the onset of COVID 19, people are more concerned to stay indoors rather than visiting the shops. So, today’s market is highly volatile when it comes to the choice of the customers. In the late 90s, people enjoyed the cheap prices of the property. At that time gold was 5000 rupees per 10 grams now it is roughly around 50,000 per 10grams. So, there is an appreciation of around 900% which is massive. But when it comes to property, the commercial property which costs around 3, 00,000 rupees in 1992 has been sold for 2 crores in 2021.
But, there is a catch, what if that property is ready to sell in 2032? Would it be around 50crores? Not at all! Property has a maximum value, if the property is not sold at the peak time. it will go on deteriorate and you have to spend money on its reconstruction over the years. If you buy a commercial space in Gurgaon right now, you have to pay at least 1-2 crore for it. We haven’t discussed the interior costing, staff salaries, regular expenses. For a business that requires 5 crore initial investment, it should yield you at least 5 lakhs per month then only you can sustain.
Don’t demotivate yourself after reading the above paragraph. There is always a way to make things better. Commercial space on rent in Gurgaon is available for those businessmen who do not want to buy a property. The major benefit of the commercial space is that you have to pay monthly rent and maintenance. Also, your business running costs are in control when you rent commercial property. One of the major benefits of the commercial space on rent is that you are not restricting yourself to do your business at a particular place. If you get a better space on rent, you have to complete your rent agreement time and shift all your materials to a new commercial space on rent.
Decisions for business should be made with complete research and a rational approach. It sounds good that you have multiple properties, but all the properties require maintenance and attention. If not done properly, the property’s valuation will fall in some years. So, for small businesses and shop owners, rental property is always good. Even if you have money to buy a property, get it on rent, and use the money on other investment options.