The economy of India is the sixth-largest economy in the world measured by nominal GDP and the third-largest by purchasing power parity (PPP).The country is classified as a newly industrialised country, one of the G-20 major economies, a member of BRICS and a developing economy with an average growth rate of approximately 7% over the last two decades.India’s economy became the world’s fastest growing major economy in the last quarter of 2014, replacing the People’s Republic of China.
The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.The Indian economy has the potential to become the world’s 3rd-largest economy by the next decade, and one of the two largest economies by mid-century. Now you have to first know what is actually commercial property and why it is different from residential property . Property used in such a manner as to make money. From renting spaces for flea market; to building a office building to run your business out of. Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, farm land, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Due To These reason Every sector is growing rapidly and the Real-estate Sector is not an exception. Many People considered and preferred to invest in commercial property because they considered it to be a safe fruitful.The commercial property in every Metro city in India gaining more popularity for investment purposes. The commercial property for sale in greater noida is one of the major project that have been completed recently by Findaksh and is ready to sell.IF You are planning to invest your hard earned money we suggest you to invest here.
If you too are concerned in this real estate sector then initial ask these two questions from yourself. First one is that; do you have any type of information concerning the level of the rental market regarding the own subject premises? And secondly, how do you discover out that the question premises can be compared in the market and how can it be correlated to other properties? The answer of these two questions should be known by you if desire to fix your feet in the marketplace of property business. If you wish for jam your feet down or want to set up your status as a chartered surveyor then these are the mainly essential things that you require to get answers of.
Findaksh is the real estate company in India provides you the opportunity to buy or sell commercial property in various cities of India. In India the cost of commercial property in a famous cities like Delhi NCR, gurgaon, noida etc is very costly so investors are moving to the cities like modinagar, Meerut, agra etc .If you are the one interested in Commercial Property in Modinagar then you should contact to findaksh.com .organization industrial units for rent, industrial units to let, as long as general consultancy and advice, assistance and site assembly, market assessment and many more things are to be tacit, if you actually want to get into it.
Noida being well-connected to Delhi have become ideal for being developed as hubs for Real Estate commercial/residential properties. The choice of living in Greater Noida or Noida Extension, once meant a long commute to and from Delhi for work, education etc., but the swift all-round development of the city has made it self- sufficient.
Noida Extension is witnessing improved connectivity with Delhi with the extension of road network and metro railway. Findaksh is the top real estate company provides Commercial Property in Noida Extension is prompt in attracting Real Estate investors from Delhi NCR also because of its great growing and developing infrastructure facilities. Its world class infrastructure is attracting people not only from Delhi but also from every nook and corner of the country.
Times have customized and so has the approach of living. Visualize a residential address that brings host of amenities right at your entrance. Ghaziabad is that the final aim for individuals who needs of settling in the NCR. Now-a-days Commercial Property in Ghaziabad has turn out to be one between the favorite property investment in NCR.
Ghaziabad is Delhi’s exclusively natural neighbor that has almost everyone range of entry and way out points with the national capital, as compared to diverse NCR cities like Noida and Gurgaon. With the intended metro station, residential and business complexes, cinema complex, best communications, hospitals, Shopping malls, schools and et al luxuries of modern living, Ghaziabad is fast varying into the option of many families.
2016 is coming as a windfall for commercial property owners. They will have to bear with a large hole in their pocket. It is getting more and more difficult to buy a commercial property in India. For now owners of commercial property in Delhi NCR will have to suffer as they will end up paying 3 times more taxes as compared to what they were paying earlier. SDMC (South Delhi Municipal Corporation) has agreed with the recommendations given by Third Municipal Valuation Committee (MVC).
The recommendations given by the panel includes recategorisation of industrial units, airport, hotels (three stars and above) and other business establishments. And this major restructuring will have a tremendous impact on property taxes in that area by at least 3 times. May 26 is the tentative date decided for final approval of the report submitted by MVC.
If everything goes according to the plan the new policy with higher tax rates for Commercial Property in Delhi NCR will be applicable from 1st April, 2016.The MVC report is still awaited to be approved by standing committee which deals in financial matter.
As per Mr. Ram Mohan Singh, SDMC assessor and collector this step is most likely to increase the agency’s revenue collection by 150 crore during 2016-17.He explained that the industrial areas in south Delhi, presently falling under category G, will be moved to Category B. Similarly, there will be a remarkable increase from 4 to 6 in the factor use of the barat ghars and banquet halls. Since in order to calculate Property tax we multiply rates per square meter (sqm) defined for different categories by factor so this change will make property tax shoot like a rocket.
It was 5 years back in 2011 when this Municipal Valuation Committee (MVC) report was submitted to Municipal Corporation for their kind approval but since then commercial property owners were stress-free until it was decided to go ahead with this report in the present financial year ie.2016-17. The main aim of this report is to increase revenue through improved property tax coverage and bring left-out properties under the property tax net. North and East Delhi MCD have already put this MVC report into action. Now next is the South Delhi Municipal Corporation to come in line with other two corporations.
Apart from commercial property owners and taxpayers residential property taxpayers are also coming in the loop through various methods implemented by South Delhi Municipal Corporation to bring more and more taxpayers in the tax bracket. The methods used may include, conducting door-to-door surveys to spot defaulters, providing unique IDs to taxpayers and preparing a database of property tax payers. One more upcoming feature added to this tax field is the e-passbooks which will be provide to the tax payers along with unique identification cards in order to have online record of all the tax payments made by the taxpayer till now.
All this will leave commercial property in Delhi NCR in a radical situation to be carefully dealt with in near future in order to sustain their profit margins.
The value of commercial property in India is easily calculated using simple methods that is basically depend upon net income produced by every property at that places. If you are looking for commercial property for sale in India, one should ask the actual value of projects to property consultants.
Continue reading “How to Quickly Think about the value of Commercial Property in India”