Sunil Sharma was a very successful IT professional in the US where he had been working for over a decade. However, he has returned to India and is currently engaged in developing an advanced IT-ready commercial space with all concepts of sustainable building packed into the Advant Navis Business Park in Delhi NCR (Noida-Greater Noida Expressway). Contrary to current perceptions, he has been able to sell three floors of 30,000 sq ft each, within the last two months. He managed to do this simply because he read the writing on the wall — which was that the current round of buyers of commercial property are individuals keen to invest between Rs 50 lakh and Rs 1 crore in commercial property.
Sharma is not alone in wooing the individual buyer to purchase commercial property for the returns that they offer. Today, with a rental potential of Rs 45 per sq foot in the area, Sharma is confidently offering a return of 10-11 % to the consumer. This is in addition to the increase in capital values for a premium A-Grade building such as theirs. Eventually, he hopes to give his investors up to 13-14 % return. This, however, is estimated and not assured.
Source : economictimes.indiatimes.com
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