IREF® Real Estate in India - Property Discussion
Revert to old theme

Download our app now !



Reply
Residential to Commercial How?? - Koramangala 600 sq ft
September 27 2010 , 06:11 PM   #1
New Member

sharathr1985's Avatar
 
Join Date: Sep 2010
Posts: 1
Likes Received: 0
Residential to Commercial How?? - Koramangala 600 sq ft

Hi,

I'm really looking forward for some serious help.

We have a residential house in koramangala where we are currently residing (600 sq ft). Lately the road in which we are residing has seen a number of commercial plots come up and the road has become extremely busy and absolutely unlivable for us because of this and the income we might earn we are contemplating on building a commercial plot here. Now here is where i need help as im completely lost as to how to go about it. We have minimum amount (Im the sole earner (Gross income 2Lkh/yr) and we are almost completely dependent on loan. Can someone please help me as to how i need to go about for the loan, Cost of construction and also other formalities required for construction of this commercial plot.

I would be eagerly awaiting your response.I would be extremely grateful for any help you could provide me.

Regards,

Sharath
October 1 2010 , 05:06 PM   #2
Veteran Member

Munish Malhautra's Avatar
 
Join Date: May 2010
Location: India
Posts: 2,915
Likes Received: 147
My Mood: Cool

Quote:
Originally Posted by sharathr1985
Hi,

I'm really looking forward for some serious help.

We have a residential house in koramangala where we are currently residing (600 sq ft). Lately the road in which we are residing has seen a number of commercial plots come up and the road has become extremely busy and absolutely unlivable for us because of this and the income we might earn we are contemplating on building a commercial plot here. Now here is where i need help as im completely lost as to how to go about it. We have minimum amount (Im the sole earner (Gross income 2Lkh/yr) and we are almost completely dependent on loan. Can someone please help me as to how i need to go about for the loan, Cost of construction and also other formalities required for construction of this commercial plot.

I would be eagerly awaiting your response.I would be extremely grateful for any help you could provide me.

Regards,

Sharath
Sharath,

am not able to understand your plight
if u use the space for commercial activity where will u stay? Whats the size of the total plot?
it definitely will make sense to use it for commercial purpose if u have some business in mind, but then u need 1 b/room, 1, drawing, 1 kitchen and 1 bathroom for living, till the time your family needs grow.
__________________
MM
Choose theme from here -
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks