How to Secure the Best Deal on Commercial Property in Navi Mumbai

Commercial property is a big investment and the identification of a property in Navi Mumbai can be a game changer to your business.

Expanding your business, opening up a new business venture or just trying to find a good deal on commercial property, such planning, research, and negotiation skills is necessary to secure the best deal on commercial property. This guide will guide you through the most important steps so that you can make the most out of exploring the commercial property in Navi Mumbai and how Realtevo will assist you in making the right decision.

1. Know What You Need.

It is important that you identify your needs before commencing with the search of the commercial properties. In case you need retail space, office space or industrial property, your needs will dictate the kind of property that will best suit you. Take into account the following aspects:

Location: The location of the property is a critical factor in the value of property and the prosperity of your business. The city of Navi Mumbai has popular commercial centers like Vashi, Belapur and Nerul that are very well connected and providing business.

Space: What is the size of your space? Make sure to consider the present needs as well as your future development.

Budget: Having a definite budget will reduce your search and you will not waste time wondering about the properties that you cannot afford.

Accessibility: Determine the closeness to transport systems such as railways, highway and airports. The aspect of easy access is essential in terms of customer visits, deliveries, and convenience of staff.

Knowing your particular needs, you may design a strong basis of assessment of possible business premises.

2. Research the Market

The commercial property market has experienced tremendous growth in the last few years and this has been accompanied by a tremendous growth in Navi Mumbai. It is important to do proper research of the market before making any decision. The thing you have to pay attention to is:

Market Trends: Monitor market trends, such as average prices of properties, rent, demand and supply. Having an idea of whether your market is a buyer or a seller will make you know the pricing set up and negotiate better prices.

Appreciation of property: Investigate in locations where property prices are likely to increase with time. By purchasing a property in an increasing region, you will be able to enjoy increased returns in future.

Access to Amenities: Find out facilities such as high-speed internet, security systems, parking facilities, and eco-friendly facilities. These facilities are value addition to your investment, and they may even draw tenants/customers.

We also have a group of professionals at Realtevo who monitors the current market trends so that you make well informed decisions and get the best offers in Navi Mumbai.

3. Collaborate with a Real Estate Consultant.

Nonetheless, commercial property in Navi Mumbai is not an easy navigate especially by first time buyers. Hiring a real estate consultant is one of the best options to make. Here’s why:

Market Knowledge: A real estate consultant will possess deep understanding of the property markets of the local regions and will be able to access exclusive listings which might not necessarily be available to the general population.

Negotiation Skills: Real estate consultants are good negotiators and can assist you to negotiate the best price to buy the property. They have the capacity of bridging the gap between you and the seller as both parties arrive at a reasonable agreement.

Legal and Documentation Support: Real estate operations have a number of legalities associated with them such as property title check, agreements and registration. These processes can be undertaken with the help of a consultant who will make sure that everything is in order when it comes to documentation.

Realtevo is the provider of advisory services in the real estate sector providing you with the best deal in commercial property in Navi Mumbai with several years of experience in the industry.

4. Analyze the status of the Property.

It is necessary to consider the state of the property before concluding the deal. And a closer look will spare you some unforeseen costs in the future. Here’s what to check:

Structural Integrity: Check on the evidence of wear and tear, water leakage, cracks and other structural problems that may necessitate repairs. These would incur extra expenses and impact the value of the property.

Legal Clearances: This will involve obtaining all the legal approvals that are needed on the property including zoning laws, building permits and title deeds. The legal uncertainties of properties may result in future predicaments and even in acquisitions.

Maintenance and Utilities: Test the state of such utilities as plumbing, electricity and HVAC systems. An outdated or broken utilities in a property can prove to be expensive to maintain and this can interfere with your running business.

It is always a good idea to employ an expert inspector who can check the property correctly and indicate all the problems which might require improvement.

5. Be familiar with the Financing Terms and the Terms of Payments.

Commercial properties may as well prove to be costly as compared to residential properties and it is important to know the payment conditions. Here’s what to keep in mind:

Payment Structure: Certify the payment structure with the seller, down payment, EMI options, etc. Ensure that the terms are financially efficient to you.

Financing: There are numerous financial institutions which provide commercial property loans. Compare the interest rates, repayment terms and the tenure of various lenders. Make sure that the loan conditions are good to the long run of your business.

Hidden Costs: In addition to what was paid on the purchase, there are other expenses that are incurred e.g. stamp duty, registration costs and maintenance costs. Ensure that you consider these in your budget.

In case you are facing issues with financing options, then you have the aid of Realtevo to make contacts with the reliable financial institutions to find the most preferable commercial property loans in Navi Mumbai.

6. Finalize the Deal

When the two parties strike a consensus on the price, then it is time to make a deal. Make sure that all terms and conditions are well outlined in the sale agreement and payment scheme, possession date and warranties and guarantees. Take time to look at the small print and seek the services of a legal advisor.

Conclusion

Commercial property in Navi Mumbai takes a lot of planning, research, and professional advice to come up with the best deal. Knowing what you need, researching the market, assessing the property and negotiating intelligently, you are able to make an informed choice and obtain the optimal value of investment. At Realtevo we have the commitment of assisting you in manoeuvring the complicated real estate market in Navi Mumbai and make sure that you get the perfect commercial property to start your business. Call us now and find the most appropriate commercial property offer in Navi Mumbai and see how your investments pay you back!