Hi, Buy a commercial place or shop, then let out it.. is worthy investment today?? For ex. Get a 100-250sft for 4-6L in Ambattur/ porur/ tambaram... then v let out it, get monthly income.. bcz v have small amount of surplus cash now.. dont want to invest in FD/RD/MF..so is it worthy for money?? Todays invest. helps for tomorrow??
Yes, it is a good investment with the right property. It can reap benefits even after decades. Few points to note: Check your co-investors Good Area - pick the area that would develop better Pick the right floor / space - this can make a lot of difference in terms of income and reselling. Pick a place which you would be able to resell with least or no interference from the co-investors. Have clear documents pointing to the space you are buying - when you resell, everything matters. Also remember that you would have to pay to maintain the property. And repairs or renovations would be shared among all owners basis on the sq ft owned. Having a cordial relationship with your co-owner can go a long way.
Investing in commercial property has following risks - It is difficult to change the tenant or amend the contract once signed. - Cities are always growing and if there is a road widening, commercial properites will the first victims.
