Hello Basunivesh, we were recently introduced by a prestigious developer to their upcoming property
1- commercial in heart of city – office space completing in next three years. (self funding – no loan available)
2- residential apartments in prime area to school, offices etc completing in next three years (self funding or homeloan)
Both pricing with difference of 10 lac up for the commercial space. What would be ideal long term.
I assume Commercials but would like your view in depth. We have an existing property in Bangalore which we are thinking to liquidate to upgrade to this new potential property
As per your sharing, I found that the purchase is purely for INVESTMENT purpose. May I know the rental yield and price appreciation as per YOUR OWN RESEARCH but not as per so-called PRESTIGIOUS DEVELOPER. Never rely on these developers.
Rental 60k INR PM considering 800Sqft Office Space with max 5% appreciation per year and Max 10% over 3 years.
Rental 22k INR PM considering a 1000sq ft 2 bhk apartment. I am not certain of appreciation here but lets consider maximum 3%. Thanks for your response.