Commercial Property in Parle East – Know Your Options

1. Commercial Property in Parle East – Know Your Options Real estate is perhaps the most dependable asset and is often accompanied by a certain pride of ownership. The potentially high returns make it the most popular investment option. Not surprising then, it happens to be an important aspect of one's investment portfolio. There have been instances where people have lost money too. But as compared to other investment options, real estate is relatively safe and extremely lucrative. While many are content with a residential property, there are others who wish to leverage high profits by investing in commercial properties. The Mumbai real estate is in high demand and continues to attract investors despite sky-high prices. If you are also looking at Mumbai or Vile Parle for investing in a commercial property, you may consider one of the following options: Shops If you are new to the commercial real estate scene, shops can serve as a good entry point. The rates of Commercial property in Parle East are pretty competitive as compared to those in South Mumbai and its affluent counterparts. Needless to say, commercial property in Vile Parle is witnessing a growing demand despite the economic slowdown. Shops are relatively more manageable and can be purchased according to budget and individual preference. The cost of Sunteck Center in Parle East will mostly depend on the size, location, and the builder. A shop in a residential complex will cost less as compared to the one located on a high street area or inside a mall. You can look forward to very high returns if the location is good and easily accessible. Offices As companies gear up for major expansion, there has been a huge demand for office spaces. Of course, this will require deep pockets and could be beyond the means of most investors. In order to get solid returns, you should ideally invest in a large commercial property in Vile Parle. For offices too, location will play a crucial role because only a good location will attract long-term lease agreements and ensure minimal vacancy risk. Land The highest capital appreciation usually comes from land provided you have purchased a good one at the right location. Plot size matters too and if you are willing to wait for a long time, your land will give you an amazing return on investment. It is not easy to find land in Mumbai but you may look for one in the suburbs or the outskirts of the city. If you are seriously considering buying land, make sure that you buy it from a reputed developer. If you are depending on income from rentals, you should be aware that lease rentals can fluctuate to a large extent depending on the economic cycles. It may not be very easy to liquidate real estate investments in emergencies. If you are looking for short-term investments, real estate may not be a very good option for you. A commercial property may be a little difficult to manage. But you can hire a professional agent to manage as well as maintain your commercial property in Parle East.