Q:I have a plot (with the house built) within a gated community on the main road which is open to public and the road is a connecting road between neighbouring layouts. The road is become a very busy road, and noise and has no longer viable for resident purposes because of the noise. I have been trying to rent it out for the last 2+ years but unable to get tenants because of the exact reasons mentioned above. I live outside the city because of work reasons and cannot occupy the property myself. The association says the property cannot be converted to commercial, with the given situation this cannot be rented out nor can we sell the property. I believe BBMP has given approval for other properties outside the layout (in the same road) for making them commercial. Please advice what are the rules around BBMP to get the property converted to commercial and what takes precedence over the property BBMP or the association. Appreciate any suggestions.
Q:Industrial development in Maharashtra is slow but steady. In coming next 2-3 years investment in commercial property will be in boom. this is the best time to invest and get high returns on your investment.
Latest Answer: Hi Rocky,
Mumbai is known as the financial capital of India now ranks as the most demanding destination for investing in properties. With the world’s second largest population and rich industrial growth, India has emerged as the region’s chief economic power. One of the greatest contributors to the booming Indian economy has been the Indian IT sector, the development of which is perceptible in all business sectors in India not least the India property market.
