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Real Estate Forum on Investment Advice in RMV 2nd Stage, Bangalore

Real Estate Property Discussion Forum and Guide to Real Estate Queries in RMV 2nd Stage, Bangalore

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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?

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