Buying a Commercial Property in Andheri West as an NRI

1. Buying a Commercial Property in Andheri West as an NRI In the past few years, NRI investments in India's real estate have seen a huge growth. More and more Non Resident Indians or NRIs are investing in Indian properties these days and enjoying great returns on their investments. NRIs usually have decent if not big budgets and are usually game for some serious real estate investing. If you too are an NRI looking for safe commercial properties for investments in India, particularly Andheri West, read on. It seems like a great time to invest in a commercial property in Andheri West. The rates are fairly stable and getting good returns on any other form of investment seems an uphill task. As opposed to residential properties, investment in a commercial property in Andheri promises better returns. In fact, those who are already settled and have residential properties are looking at commercial real estate to strengthen their investment portfolio. Like their affluent counterparts – the HNIs (high net worth individuals), the NRIs are also looking at prime locations like Andheri. Not surprising then, the property prices in Andheri are relatively high. Of course, investing in prime locations has its own advantages. You don’t have to worry about your property lying vacant for extended periods nor do you have to worry about getting high-profile tenants. A big advantage is that such tenants usually opt for long-term lease agreements giving you the much-needed relief from finding a new tenant every now and then. Besides, since it’s going to be used for commercial purposes, your commercial property in Andheri West will be well maintained all throughout. There are a few questions you should be asking yourself though. Questions like: How’s the appreciation going to be? Will it give better returns over the years? Is the builder a reliable one? Does the property match my expectations? What if I need to liquidate my assets? Is there sustained demand for this kind of property? As mentioned earlier, location is extremely critical if you are looking for some really amazing returns and hassle-free investments. While choosing a location, don't go by the same parameters you would have for buying a residential property. Due diligence is necessary while choosing a commercial property in Andheri West. While choosing a location, mitigating risk should also be a priority. Make sure that the contracts are robust and cover all critical aspects. You may consider hiring the services of a professional broker who can help you with all the aspects pertaining to your real estate deal. Besides, you are going to require someone to manage your commercial property in Andheri while you are away. A good broker will find tenants, take care of the maintenance and follow up on taxes and other things. They usually have a good network and rely on it to give you the best service. They are always up-to-date about the market trends and can foresee turbulence way before we do. With a good, experienced broker by your side, you can rest assured that your property will always be safe and secure.

2. Summary NRIs can now easily buy a commercial property in Andheri or a commercial property in Andheri West with careful planning and research. Author Bio Anand deals in commercial property in Andheri and commercial property in Andheri West, and has over 15 years of experience in the field of real estate.