What is the virtual space in Commercial Property?
Virtual Space Investment is an investment in non-lockable areas or spaces. Virtual space is as good as any other commercial property like a lockable space. The difference being that the investor / owner receives possession (keys) of a lockable commercial space while in a virtual property the space is registered in the name of the investor but no one physically becomes the owner.
The advantage for an investor is that the investor does not have to worry about the upkeep, maintenance and stability of the tenants of the âownedâ space during and after construction of the property, therefore investing in a virtual space is ideal for investments aiming for regular returns. where an investor gets fixed monthly rents due to big brand tenants with a long term rental agreement ensuring stability and better yield growth as well as regular income, the virtual space also offers similar capital appreciation to any other real estate investment and most importantly all of these advantages with small ticket size investments starting as little as fifteen lakhs.
Before investing in a virtual space or for that matter in any other commercial property, here are some things you should check:
1. RERA and HMDA approvals:
The only reason to invest in a commercial property is to take advantage of the returns, while you are investing in a property the first thing you need to check is whether the property is government approved or not. Check the approvals such as RERA and HMDA from RERA which preserves the interests of the buyer.
In Hyderabad, one such property offering virtual space investment is Sensation Bhoomika Mall, which has obtained RERA and HMDA approvals as well as all pre-clearances, making it a risk-free investment option for businesses. investors.
Authorizations obtained on behalf of M / s. Sensation Infracon Private Limited includes RERA approval [ RERA Number: PO2400001798], HMDA Sanction, Environmental Clearance, Airport NOC, Cyberabad Police Commissioner NOC, Soil Test Strata Report, HMWSSB Feasibility Certificate for Water & Sewage Connections, Traffic Impact Assessment, Non-Agcultural Land Conversion Order, Contractor Insurance, Provisional Fire NOC, Traffic NOC.
2. Location and location demographics:
It all depends on the location when it comes to investing in commercial real estate. When it comes to buying commercial property, there are many factors that come into play such as accessibility to roads and public transport, distance to nearby towns and infrastructure projects currently under development in the region. Especially in the case of commercial properties, the location of the property is really important because a good location will attract good tenants and a good tenant will pay you good rent.
The location of Sensation Bhoomika shopping center is one of its USPs, it is located just 2 minutes from Narsingi Junction and enjoys the three road accesses to the financial district, Manikonda and Kokapet. With no other mall within a 10km radius surrounded by several high end gated communities such as Accurate Wind Chimes, My Home Avatar, NCC1, Rajapushpa, Jayabheri, Poulami, Lansum to name a few where the cost minimum per square foot of these communities is around Rs. 7000, which means that the crowds in and around this locality belong to the middle-high income groups who will be the potential customers of the mall. Not only does Sensation Bhoomika Mall also benefit from a student body that would be potential clients of the mall from universities such as CBIT, MGIT, Vasavi Engineering College, ICFAI Business School and many more.
3. Is the property pre-let or not:
Simply put, a pre-leased or pre-leased property is a property that already has one or more tenants and thus offers assured returns and a fixed income for a buyer. Pre-published properties are one of the best real estate investments that can be found in the real estate market. Pre-published properties ensure that you start getting returns on your real estate investment from day one. Beyond recurring rental income, your real estate investment also appreciates in terms of capital over time. Generally, commercial properties are preferred as advance real estate investments over residential properties. In the Indian real estate market scenario today, pre-published properties that earn around 6-9% in terms of return are considered good pre-published real estate investments.
The benefits of investing in a pre-let property include assured returns, low risk factors, tenant stability and capital appreciation. Sensation Bhoomika Mall & Multiplex has a tenant that everyone will be proud to own, namely the multiplex giant, PVR Cinemas (Sathyam & PVR Consortium). With 18 years as a rental period with PVR Cinemas and 9 years as a foreclosure period, there is no doubt that this is one of the best investment options with assured and risk-free returns. The investment option is accompanied by an investment of fifteen lakhs * with 10,500 guaranteed rents as well as the share of income from PVR cinemas in the multiplex zone and with an investment of 22 lakhs * with 15,000 rents per month at ground floor, making it a risk-free and profitable deal.
4. Current condition of the property:
Real estate offers its investors the opportunity to invest in a risk-free option with average returns, for example, ready-to-move projects offer average returns as they are risk-free and a pre-launch project offers returns higher because there is a risk. The investor will only become a smart investor when he knows how to balance the two and here is another investment option with relatively higher returns and relatively lower risk than the options mentioned above. [Under construction properties]. Sensation Bhoomika Mall is a perfect investment option as it is in the construction stage which makes it a low risk investment option and also gives it huge capital appreciation at the time of owning the mall. . The current price per square foot of 15,000 as of July 2021 is likely to increase to 18,000 to 21,000 per square foot within a year, i.e. at the time of the possession which is expected to be by July 2022.
Enjoying all of these benefits such as a good location and demographics, with full construction going, with all approvals and a tenant like PVR Cinemas with 9% ROI as well as a revenue share after owning the mall and also huge capital appreciation within 1 year, Sensation Bhoomika Mall stands as one of the best investment options and now is the best time to invest.
For more details, contact author and business analyst Ms. Yasaswi Ramireddy of a leading real estate consulting firm, My Square Realty, which is a one-stop destination for all of your real estate needs.
Call +91 9154091150 or email [email protected] or visit the website at sensationbhoomikamallcom or www.mysquare.in