Common Commercial Real Estate Myths that Need to be Clear

To do some research online about commercial real estate before investing is a smart idea. But if you blindly believe in any piece of advice that you hear is a different story.

Unfortunately, plenty of commercial real estate myths still encounter many investment circles. While these beliefs are demonstrably false, they can still prevent prospective investors from taking the first step to building their portfolio. Many business people are experts in their field and tenants in commercial real estate properties. But they might get trapped for some of the myths about commercial real estate. Therefore here some of the most common myths and their facts that why they are not accurate.

Myth: Renting is cheaper

If you own a property, it gives you the ability to build equity. Ownership also creates tax benefits that you can take advantage of each year. Capital expenses are usually lower when renting commercial real estate as opposed to buying, but that doesn't automatically mean it's cheaper to rent. While the upfront capital requirements might be less, renting can easily carry higher monthly costs. A commercial office place in Andheri east can be the best area to buy or rent the office.

Myth: Investing in commercial real estate is too risky

Every investment comes with a risk, and commercial real estate is no different. But it's said that investing in commercial real estate does have certain advantages over other types of investment. Commercial real estate isn't subject to the same type of volatility one can experience when investing in the stock market. Thus, commercial real estate is one of the safest investments you can make in terms of risk.

Myth: The person should be rich enough to invest in commercial real estate

It is considered to be the biggest myth of commercial real estate, which often dissuades people from investing in this sector. Buying commercial office space in Andheri east is a good decision, and people who are economically rich and stable can only afford to buy a property in this area. But this is not true at all, and the reality is far away from this belief. Now, banks and other financial institutes provide the loan option if they want to invest in an office. As of now, the bank provides you with 80 percent of the total property value loan, and you have to repay them through EMI, which is quite flexible and adjustable. Thus now, investment in commercial property has become easier, and anyone can invest in it.

Myth: You need "office" space

The world of commercial real estate is changing day by day. Office buildings are getting turned into residential properties. Malls are being turned into office spaces, and just about everything is being converted to industrial space if it can be. When you look for your next office, don't only look at office buildings. Just look at spaces that can work for you. Commercial office space in Andheri east is a good option to start your business.

Before investing your money, you should do some research about properties and funding. You should also consult the experts. It may be cheaper to do it yourself now, but that could lead to costly mistakes in the future.

Wrapping Up

If you try to separate myth from fact while attempting to secure a commercial loan, simply reach out to our experts or visit The Chandak Group - www.chandakgroup.com. They will be happy to help you take the next step in accomplishing your investment goals. They also offer great deals if you are interested in buying a commercial office space in Andheri east or office space in Andheri.

Which Flats are Best for Purchasing -1 BHK or 2 BHK?

 Investing your money in buying a property is a good idea in this current trend. If you keep your money in the bank account, the returns will be less. Thus, if you purchase a property in a prime location now and sell it after a few years, the returns will be more compared to a deposit in a bank account.

You can easily double your investment in 4 to 5 years by purchasing a 1 BHK flat for sale in Borivali east, plus you can also give your apartment on rent and earn through rental income. Investors usually look for a good location to invest in properties for better returns, and SV Road could be one of them's best locations. As for now, the properties are for Sale on SV Road. But before buying the apartment, one can always be confused between which flat to buy 1 BHK or 2 BHK.

So, here's an overview for you to decide.

Pros and Cons of 1 BHK

Purchasing 1 BHK properties for sale on SV road in Mumbai suburbs is an ideal investment for beginners as the price of 1 BHK is not so high and doesn't make you stretch your budgets profusely. Less capital involved would mean that the investor will have to make a small down payment and smaller equated monthly instalments. 1 BHK flats are perfectly sized for a newly married couple and bachelors living alone. But it's challenging to find a 1-BHK apartment in several societies, especially in cities like Mumbai. Simultaneously, due to its space restrictions, it can become difficult for some families to feel a sense of comfort in such apartments. Storage can also turn out to be a significant hassle in such a unit.

Pros and cons of 2 BHK

If an investor has a good budget, purchasing a 2 BHK flat for sale on SV Road is the most profitable and suitable option for them. 2 BHK flats also provide you with extra space; thus, it is best suited for couples who live with their parents and kids. An additional bedroom adds more to the grace and space of a house. 2 BHK flats are also easily available in big cities and small towns. One can quickly sell or rent out these types of apartments as they are in high demand. Therefore, buying 2 BHK apartments from popular builders can offer you extensive delightful lifestyle amenities.

Where to purchase 1 BHK and 2 BHK in Mumbai?

Chandak group in Mumbai offers 1 BHK flat for sale on SV Road and 2 BHK flats in the suburbs at affordable rates. These localities are strategically placed close to the Mumbai-Pune expressway and near the IT hubs and industrial zones.

If you are thinking to invest your money in property, you should look for properties for sale on SV Road as it is considered one of the prime locations in Mumbai suburbs, which can also help you double your investment. Buying properties for sale on SV Road could be beneficial for the investor as it connects Western Express Highway that further connects to other parts of the Mumbai suburb. Domestic and international airports are also nearby to this location. All types of transport and commute are also easily available in this location. This location is also ideal for families because the locality gives them affordable and luxurious housing options, shopping malls, entertainment hubs, educational institutions, small industries, etc. within its neighbourhood.

Thus, it would be best if you visit https://www.chandakgroup.com to know about the price and availability of new flats. ChandakGroup of construction promise to offer you the best property deals in your budget.

Why Buying Property in a Prime Location is the Best Investments?

 If you are thinking to invest your money in property, you should be looking for properties in a prime location that adds value to your investment. Selecting a residential property involves the consideration of a lot of factors. It's not easy to find a property in Mumbai, because the property rates are too high here and not all locations in the city are ideal for residential investment.

However, in the last few years, many new locations have been developed in Mumbai suburbs, and most of them offer excellent choices in residential apartments. Goregaon is one of them; the city has observed a rapid development growth in the last couple of years which helped the city transform into a well developed residential station. It is one of the most preferred locations for investing in residential property. Apartments in Goregaon west provide you with good facilities. This location is also ideal for families. This locality gives them an affordable and luxurious housing option, shopping malls, entertainment hubs, educational institutions, small industries, etc within its neighbourhood. Purchasing an apartment in Goregaon west can be beneficial for your future too, as the price of a property in this area will increase. The locality has also developed with all the latest facilities, and all types of transportations are easily available in this area.

The price and the location of the property are important factors to consider before investing in the property. The location is the key here which dictates everything else about the property. It's also important to know about the pros and cons of the location of the property.

There are several advantages of having an apartment in Goregaon west.

• The location is ideal for commuting.

• All major places in Mumbai are well connected to Goregaon.

• One can also enjoy an improved standard of living in Goregaon

• Apartment in Goregaon West is easy to sell or rent out as property in this area are always in demand.

• It makes Goregaon a prime location for the investors.

An investor should also know about the recent market price of the property so that no one can cheat him.

The current value of property in Goregaon

• Like most of the locations of Mumbai, Goregaon is divided into Goregaon East and Goregaon West. The residential property prices of 1 BHK in Goregaon are approx between Rs 1cr to Rs 1.5cr 'Whereas the price of 2 BHK in Goregaon is between – Rs 2.20cr to Rs 3cr.

According to https://www.magicbricks.com/

If a person is willing to buy an apartment in an ongoing project, they should consider these points.

Builders credibility - Always do some research about the builder's background and reputation before purchasing the property. One can also check the developer's previous project work and their construction quality through actual site visits.

Possession guarantee - An investor should always check the promised possession date while buying property from an under-construction property. Always confirm it with the date mentioned in the agreement before signing it and ensure a clause of repayment if the property is not handed over to you on the mentioned possession date. You should also check all additional charges and taxes before investing in a property.

Bottom Line

If you are planning to buy 2 BHK for sale in Goregaon West, visit https://www.chandakgroup.com/ for ready possession flats in Goregaon west and know more about new residential projects in Goregaon. ChandakGroup of construction promise to offer you the best property deals in your budget.