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  • Writer's pictureMentor Group

5 Factors to Keep in Mind While Buying a industrial plots

Whether it is for investment purpose or to run your own business, one has to make this most important decision of buying a commercial property.


Nothing can ever be full proof, but the closest one can reach is by evaluating the risks involved in buying industrial property with their resolution strategies. Haryana industrial area offers attractive location to buy industrial land. So what factors can help us assess the worth of industrial plots in Haryana? Here are five factors that could be considered.


1. Legal news and updates


The HSIIDC (Haryana State Industrial & Infrastructure Development Corporation Ltd.) which has details about rates of allotment and availability positions, major projects and legal activities of properties in Haryana. Our kick off step must be to look through the details and get a hold of the area and its properties.


2. Location is the key factor for success


The land must be situated in an area where the business is accessible to the end-user and at the same it helps the business to grow. For in-depth inspection of the location in Haryana, one must study the existing properties and major industries in Haryana along with it’s vacancy rate, tenants percentage and etc.


3. Property that is in-sync with the business


Every land has it’s own purpose, if our business is related to furniture; the best property would be in or around the furniture market of that area. Although, it can stretch our budget, but that would help us mitigate various risks beforehand. The land resonates with the business and vice-a-versa.


4. Land Accessibility


The connectivity is one of the major factors while buying an industrial land. The transport facility for commercial vehicles, the building material cost, the cost of skilled labour, sewerage connections, safety measures, electricity supplies and rates are few pointers that must be kept in mind.


5. Nothing should be hidden


There are always some hidden costs involved in the real estate market. These costs can be related to operational working and maintenance of the property. One must investigate if the property is free from any past legal obligation and should be approved by authorized government body.


It is said that investing in a commercial property has much risk involved as compared to residential property, but this can be reduced if proper analysis and comparison of available opportunities is done along with the expected ROI’s.

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