Investment in a Commercial Property in Andheri

1. Investment in a Commercial Property in Andheri There has been a significant increase in the number of HNI investors and corporates who are investing in Mumbai’s commercial real estate market. The city continues to hold its own as the numero uno commercial space investment destination. Companies from all over the world are zeroing in on Mumbai’s commercial property market because even during times of global economic uncertainties, this market has proved its long term stability and fundamentals. The city continues to offer various options to HNI and corporate investors who are in search for office properties. Today, there is a high rate of vacancies in many locations in Mumbai. There are several locations in the city that have the potential of long-term capital value appreciation and Andheri is one of them. Commercial property in Andheri has always been in demand. Due to good connectivity and infrastructure growth, Andheri has become a sought after destination for residential as well as commercial property investment. This highly developed area has become a key business location as well. It can be an excellent choice if you wish to invest in a commercial shop in the financial capital of India. What type of commercial property you can buy? Before investing in a commercial property in Andheri West or East, it is very important to decide what type of property you wish to buy. You can either purchase the already developed small commercial units or spend money on retail spaces in a shopping mall. You can even opt for land and construct a new commercial building if you have the money. Irrespective of the type of property you choose, just make sure it is located in an area where you can get tenants easily. Also, choose the type of property that will get you good returns. Let’s say you wish to buy a shop in a mall, then which floor should you choose? The answer is ground or lower floor. This is because these floors will have more footfalls and visibility. When buying multiple spaces, it is recommended to purchase them side by side or one above the other so that if expansion needs arise, you can meet those needs. The returns you are expecting from the property will depend on the amount you will be investing. It is recommended to spend on small shops unless you can invest around 2 to 3 Crores for a commercial establishment in a plush locality. For instance, if you spend 50 Lacs INR for a commercial space, you can expect a monthly rent of 50,000 INR. Sunteck Grandeur Andheri west has gained tremendous popularity as far as property investment is concerned. Due to improved infrastructure, this area has transformed into a sought-after residential destination. What used to be known primarily for the MIDC and SEEPZ has now become the address for offices spaces and IT hubs. Number of housing projects have also increased in this region. This area is also in proximity to other commercial hubs like Lower Parel and BKC (Bandra Kurla Complex).