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This is a brilliant investment option if you are self employed and can use the premises yourself or if a close family member can put the place to use. It saves you the rental that you might have paid otherwise, and property appreciation means that your investment also grows.
But it is a relatively poor option for a salaried individual wanting to invest in property.
A large number of retail spaces and offices remain unoccupied as there are often no takers for the place, even on rent given the exorbitant rentals of commercial areas. Further even resale is more difficult since only the self employed are interested in buying commercial property.
Sale of virtual office space is a new trend that has gained popularity in the last few years. Beware, most of these options are risky and there may be a high risk of default on the part of the builder a few years down the line. If the builder defaults, the only recourse that an investor has is legal action, which can be painfully long and expensive.
Guaranteed returns of 12% or 12.5% again attract a large number of investors, the big question here is, is this promise backed by an unconditional bank guarantee? Or is it simply a builder’s word?
As an investor don’t fall prey to attractive gains and lose your hard earned money. Consult our experts. While we won’t double your money in the next 2 years, you can be assured that our suggestions would keep in mind the fact that your hard earned money should be invested well and must give you good returns.
Consult our Real Estate Experts who will not just help you narrowing down on the right kind of property, as well as guide you on specific projects.
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