Various Types of Commercial Properties in India

The real estate sector in India is growing rapidly and is one of the largest contributing sectors to the GDP of India. The estimated figures for this sector are 6.5 to 7 percent and it’s anticipated that in the coming years, this sector will generate millions of jobs. It becomes implicit here that commercial properties in India have great importance and help generate a whole lot of revenue and investment options.

We need to understand what types of commercial property in India and the significance it has. A commercial property to most people would mean any property that is not used for residential purposes. But this is not at all a correct statement and we need to discuss it in detail to really understand what types of commercial properties we will find in India.

List of Types of Commercial Properties in India

1. Offices

All offices, whether a single tenant property, small professional office building or a corporate skyscraper all are classified as a type of commercial properties. An office is a place where the employees work out the administrative functions and achieve the desired goals and collective targets envisaged by an organization. Different roles are assigned to various individuals according to their niche and they are expected to fulfill these roles for the overall benefit of the company.

The primary function of an office is to provide complete support to its workforce so they can work efficiently in an environment which will be conducive to the growth and strengthening of the organization. The main objective of all these workers in an office is to generate revenue through offering their services.

2. Retail shops / Restaurants

These are the properties which offer goods and services to consumers and they can be categorized into small or large. Whether it is a small shop in your neighborhood, a big fancy shopping store or a mall in an urban area all classify as commercial properties. These kinds of commercial properties are growing exponentially in demand as they provide most of the basic needs of the general public.

Another reason is that there is a lot of profit associated with such commercial properties as people usually rent or lease them out and try to achieve their lucrative goals through them. A restaurant which offers you a consistently good meal would always attract a number of people making a good business for itself.

As people become more epicurean with time the opportunities keep growing and expanding if one makes a good name and it’s always a possibility for it to grow in chains spreading far and wide. So this type of commercial property is one good option to invest in contemporary times.

3. Flats and Apartments

Complexes or high rise buildings carrying a capacity to accommodate multi families are another type of commercial properties that can be found in India. Renowned builders and real estate tycoons are investing and minting a lot of money in investing in such types of commercial properties.

As the price of land and construction are skyrocketing the average Indian population wants to save itself from the rigmarole associated with construction work thus  providing  an opportunity for these construction giants who try to make the most of this opportunity.

4. Land

Land is one of the most important and valuable commercial property that any individual in India can have and secure in India . There are big landlords who use this land to sell to real estate developers or practice commercial farming on these lands. With time the value of land keeps increasing and rich people are very much aware of this fact so they nowadays do not shy away from investing in this form of commercial property.

There are so many farmers and horticulturalists that have been working as commercial farmers since time immemorial and have produced and supplied tons of commercial crops which is sold inside the country and also exported to different nations worldwide.

5. Industrial (Warehouses, Cold stores and factories)

Another form of commercial property in India is in the industrial sector. They can be in the form of factories, warehouses and storage spaces to store goods in large quantities. They can be used as manufacturing and distribution centers.

A large part of the workforce is required to maintain and run such industrial units which make it clear that it generates a lot of jobs and provides job security to the people of our country, contributing largely to the growth and expansion of the GDP of India.

6. Miscellaneous

This category of commercial properties includes businesses and services like educational, health care, hospitality etc. All the private schools, colleges and universities form an important part of the educational commercial sector. The expensive services of the top private hospitals and treatment centers cater to the needs of so many people and make so much profit commercially.

We cannot forget to talk about the expansive hotel industry that’s thriving in India and has been a great contributor to the GDP of our country. These were certain important commercial properties that we can find in India and we understand that each one has some sort of significance associated with it.

Visit 99pillars for more information on property information.