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Real Estate Forum on Commercial

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Q: Recently a master plan has arrived for Durg (chattisgarh). where its use is for Hospital, nursing home, marriage palace. now I want to convert it into Residential so it can be sold easily. Area- 4acres

Latest Answer: Hi, .You may have to consult an expert property lawyer for complying with the conversion processes.
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Q: Hi, which area is the best for retail & commercial spaces for rent in Bangalore? I appreciate your reviews on the main commercial areas.

Latest Answer: Vittal Mallya road is among the top areas for commercial spaces.. there is great demand for rentals over there.. and it is very expensive too.
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Q: There are so many malls existing and upcoming in Bangalore.. Is there so much demand for malls now?
Latest Answer: This is what happens when there is more supply but people ready to expand are only few.. so many retail spaces are being developed assuming they will be occupied soon, but the demand for those spaces itself is low.. so they are left to lie vacant..
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Q: What would be scope of investment in Noida Sector 18 after the the spate of commercial projects coming in here the like of Wave one, Wave 1st Silver Tower, malls etc.
Latest Answer: Noida is considered to be a good area for real estate investments. As far as the Noida Sector 18 area is concerned, the prices in the area would slowly appreciate because of the adjoining commercial developments. Investment in this area can prove to be beneficial.
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Q: Some owners of old grant bungalow are using their residential properties for commercial purpose and paying tax in terms of residential basis. Will our tax department going to take any action to stop all these?
Latest Answer: 42 old grant bungalows has come to the notice as using properties for commercial purpose. The Secunderabad Cantonment board tax department is circulating self-assessment forms to the owner and the occupants of these 42 old grant bungalows to give a pause on these illegal tax payments.
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Q: What decision the banks have taken regarding the situation? Whether they are going to continue in residential area or they are going to shift in commercial area?

Latest Answer: The Supreme court has already ordered to close bank operation in residential areas. But the bank meet the Noida Authority and requested for a change in land policy. The Noida Residential Bank Association requested the authority to regularize banks at their current location under mixed use land.
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Q: Why has the citizens of Ahmedabad complained against the commercial shop people?
Latest Answer: The commercial buildings located in the New West Zone has illegally occupied the spaces and were not allowing the public to use the basement parking. So the citizens lodged complaints against the fed up commercial shop people.
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Q: What is the rate of a commercial plot in Icon city phase I in Maan city per square foot? Bought from Riddhi Siddhi Developers.

The plot is on a hill or a slope as are most other plots in the society.

Has anyone obtained freehold land here?

Leveled tar roads, fenced in. No water, electricity, or plumbing etc right now. 100 year lease.

Thank you



Latest Answer: The rates might differ as per the apartments' amenities, services provided and locality.
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