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Real Estate Forum on Commercial Property Investment

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Q: Barnala builders bringing new commercial project on NH-22 Chandigarh-Ambala highway in Zirakpur just opposite to McDonalds.
Latest Answer: Yes I have also heard about the project. The project is great with unique idea who believe in live green. The project Green Lotus Avenue is first Green Residential Project in tricity. I just love the idea. Great work Barnala Developers.
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Q: How much appreciation is found in sale for commercial, residential markets and retail projects during the last few years ?
Latest Answer: There are good retail malls are coming up BM Habitat Mall, Mall of Mysore, Mysore – Prozone, and Garuda . Khitiz group, Shobha group, Unitech Group also has some retail planned here. The retails rents are gradually picking up. The BMIC will also have 3-4 malls being planned. On the Bangalore-Mysore corridor, software giant Infosys and Wipro have already come up with their training centers. Mphasis, the first American corporation, Accenture, IBM, Cognizant Technologies and Honeywell are some of the others, who are following these Indian companies. Apart from IT other big companies like S Kumars, Kirloskars Gensets, VenlonPolysters, Reid and Taylor, Larsen and Tourbo and Bharath Earth Movers have also a firm foothold in the city from the past many years.
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Q: what are the NOC's and likely certificates to be obtained to start a commercial parking venture on privately owned property in a residential area.
Latest Answer: I think you should consult with a Local Laisoning agency . I can put you on to someone regarding this. Also refer to BBMP byelaws.
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Q: Is It essential to buy a commercial property only in a place where prior market is present?
Latest Answer: While investing in Commercial Property, it is a must that where is the exact location, is it nearby station or far away. As if the location is near to the station or at the perfect place then people will know more about the business.
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