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Residential properties as commercial

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Residential properties as commercial

Last updated: February 12 2019
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  • Residential properties as commercial

    What are the implications to buyers if builder has approved a property as residential but in reality there are shops and office spaces
  • #2

    #2

    Re : Residential properties as commercial

    Any deviation from the approval will attract legal implications amounting to taxes or even worse. You have to check with the civic authority about the zoning rules in your area. The rules differ from state to state for conversion of residential property to commercial property. However, that is limited to the use of a part of the property for commercial use by professionals such as doctors, lawyers and chartered accountants. There may not be a simple way to transform an entire residential project to a commercial unit with permissions and whole lot of issues.
    Talk TRUE; Talk IREF

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