Discover the Benefits of Investing in Commercial Real Estate in Mumbai

If you're seeking a long-term asset that serves as a stable source of passive income, consider investing in Mumbai commercial real estate options like workspaces, retail outlets, and more.

The Growing Viability of Mumbai Commercial Real Estate

Market Trends: Office rents in Mumbai rose by 3.1% in Q1 2024 due to the completion of quality projects in the Western suburbs and Bandra Kurla Complex (BKC).

Expert Insight: 

Aniket G, a RERA registered real estate consultant, highlights the rewards and demands of commercial realty, emphasizing the need for significant upfront capital and patience for attractive returns.

Professional Guidance: Aniket G advises hiring a broker or professional to navigate the investment process due to the need for thorough research.

Make It Official

• Current Scenario: With offices open throughout the week, commercial properties are a promising investment.
• Growth Expectation: According to Akshay Mishra, a real estate liaison manager, commercial real estate is expected to grow rapidly.
• Long-term Leases: Office tenants typically sign longer leases and are organized about settlements and contracts, making office spaces a stable investment.

Ride the Retail Wave

• Investment Options: Consider investing in independent retail chains or shops in malls.
• Variety of Prospects: Opportunities include multi-specialty stores, niche stores, and retail chains.
• Research: Thoroughly investigate the past performance, future projections, and location of retail outlets.
• Case Study: Vijay Mahajan leased out his commercial space to an F&B franchise and later to an educator, ensuring long-term returns.

Multifamily Housing

• Stable Demand: The demand for residential real estate remains steady.
• Investment Strategy: Instead of buying a single flat, invest in societies or buildings housing multiple families to earn returns from each tenant, significantly boosting financial growth.

Opportunities in Hospitality

• Emerging Interest: The hospitality industry is witnessing growth and attracting more investors.
• Investment Options: Consider hotel chains, resorts, or other tourism-related prospects.

Essential Legal Paperwork

• Key Documents: Ensure you have the title deed, encumbrance certificate, Khata certificate and extract, property tax receipts, and conversion certificate from agricultural to non-agricultural land.
• Resale Properties: For resale properties, secure the sale deed from the last transaction.

Additional Tips

• Thorough Survey: Carefully survey the property.
• Hidden Costs: Be aware of any hidden costs to ensure a safe and secure acquisition.