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.
Just have a look at its infrastructure once you will be fascinated by the growth and development of infrastructure and other facilities there. The area of good investment there which provides you with lucrative options of rate of interest includes Dwarka Expressway, Sohna Road, and Golf Course Extension.
Looking at the major schools, hotels, hospitals, resorts etc are also emerging there in lieu for a long term settlement. Findaksh always focus on the best quality so if you are an investor and planning to invest in Commercial Property in Meerut then you are at right place. Findaksh.com gives you many good schemes through which you can get the best property options easily.
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 term commercial property also referred to as commercial real estate, investment or income property refers to building or land intended to generate a profit, either from capital gain or rental income.commercial property is a massive discussion topic in india. with the constant income source because rents this is good choice for investment purpose.
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