Seeking ideas to develop a corner site in Bangalore

Q: I have an old house on a corner plot (40 X 60 ft) in a prime location in North Bangalore. This is near Ramiah Hospital and College complex. The resedential area has become a commercial location. Three-four multi-story hostels and a flats have come up on the street.

I am looking for ideas to develop the property. One idea is to
* Develop a 4+ floor (10,000 sqft) with basement parking
* Rent out to a single commercial tenant - e.g
a) Multi-speciality Hospital/clinic
b) Scooter/motorcycle showroom, workshop/office
c) Bank (there is a HDFC branch behind the road, ICICI 1/2 km away, Canara Bank 1 km away)
d) Training center etc?

What are the other ideas to consider for a single, large tenant?

Mohan , Apartment Resident

21st June 2016

Investment Advice in RMV 2nd Stage, Bangalore

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Replies (2)

Thanks Bhaskaran, I am not much interested in multiple rentals since it would be difficult to manage it myself in the long-term

Mohan , Apartment Resident

23rd June 2016

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Hi Mohan, That is a very good idea even you can use this property for residential purpose (rentals) as you said the property is near Ramiah Hospital and College complex. So you can get people or students looking for rented houses. Or you can turn your property as guest house or service apartment.

Bhaskaran, Bangalore

22nd June 2016

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