Looking for commercial office space for rent in new town Kolkata or in south Kolkata? The objective behind purchasing commercial office space in Kolkata could be either to buy, hold, or sell for a profit or put it on rent to generate rental income.
Rental income is a lucrative business where property buyers and owners purchase commercial land in growing cities such as New town, Rajarhat, Kolkata and put them on rent for a regular income. The sole objective behind buying the commercial property is to earn rental income. In most of the cases, the property owner does not have the intention of staying in the purchased property.
Some real estate investors are often confused about whether to buy commercial space for rent or buy a residential property to earn the rental income. Some of the experts that we talked mentioned that there is no specific answer that applies to all investors at all the locations.
Rather, the answer to this question depends on many factors such as the location of the property, the neighborhood, the quality and the amenities of the property, whether the property is new or old along with many other factors including marketing dynamics.
A quick search for commercial office space for sale in Kolkata will show a list of property portal each showing a long list of commercial properties on sale. Similar results will be shown on a quick search for commercial land in a new town or retail space for rent in Kolkata.
One factor that tilts the scale in favor of the commercial properties is the fact that office spaces or commercial spaces are usually rented for a longer duration making it a lucrative investment option. Whereas residential properties are usually rented for a year and the rent agreement renewed the next year mutually. Thus someone looking for a retail space for rent in Kolkata needs to sign the lease agreement for a longer duration compared to someone looking for residential space for rent in Rajarhat, Kolkata.