🏢 Commercial Property Buying Checklist
Buying a shop or commercial property? Here’s a step-by-step checklist to ensure a safe and profitable investment.
🔹 1. Choose the Right Property
Your shop's location is the most critical factor. Consider:
- 📍 High Footfall Areas – Malls, markets, business hubs.
- 🚗 Accessibility & Parking – Shops must be easily reachable.
- 🏢 Commercial vs. Mixed-Use Property – Pure commercial zones have better business potential.
🔹 2. Verify Legal Documents
Ensure the property has clear legal ownership:
- 📜 Title Deed & Sale Agreement – Confirms the seller owns the property.
- 🏗️ Approved Commercial Use Certificate – Verify zoning permissions.
- 💰 Encumbrance Certificate – Ensures no legal disputes or pending loans.
- 📝 RERA Registration (for new shops) – Check on MahaRERA.
🔹 3. Plan Your Finances
Budget for the full cost beyond just the base price:
- 📊 Stamp Duty (7%) & Registration (1%)
- 🏦 Commercial Property Loan – Higher interest rates than home loans.
- ⚡ Maintenance & Society Charges – Shops in malls have monthly fees.
🔹 4. Inspect the Property & Evaluate Future Growth
Don't rely on brochures. Personally inspect the shop:
- 🏢 Size & Layout – Ensure it suits your business.
- 🚦 Traffic & Visibility – More footfall = more customers.
- 📈 Future Area Development – Upcoming malls, metro lines, offices increase shop value.
📌 Final Thought
Use this checklist to make a smart shop investment. Research, inspect, and verify everything before finalizing your deal.
💡 Want to estimate your shop buying cost? Try our Shop Cost Calculator.