A Glance at the Types of Commercial Property

Talking about real estate, we can find two categories of properties: residential and commercial. To simplify the content, commercial property is anything and everything that doesn't get used for residential or domestic purposes.

Do you believe only office premises be commercial estate? If so, you need to double-check your facts. From office spaces, retail centres, and warehouses to resorts and hotels - everything falls under the commercial property.

This article will highlight some specific categories of commercial properties you can find in real estate.

Office Space

As the name implies, office spaces are generally corporate workplaces that can be part of a stand-alone building or mixed-use project.

In major cities like Bangalore, office spaces can be in high-rise buildings or skyscrapers. And these categories of office spaces are likely to offer high-end amenities like service lifts, elevators, cafeterias, CCTV surveillance, conference rooms, meeting centres, 24-hour security, and so on.

Retail Building

Retail areas include shops you encounter on your way to work or business stores in shopping malls or other shopping buildings. Retail spaces, like offices, can be part of a mixed-use development. They are also complemented by a plethora of amenities, such as a double-height lobby, service lifts, escalators, parking spaces, and so on. You can also invest in commercial shops in shopping centre projects.

Hotels and resorts

Hotels and resorts are also examples of commercial properties. The hotels or hospitality centres can provide all-inclusive service, extended stay, or limited service. If you are a first-time investor, investing in this form of commercial property may come with various hazards and comparatively lower profits.

Commercial Plots

Plots primarily designed for commercial development are also very common in the Indian real estate industry. Shop-cum-Office (SCO) Plots are one such concept. Moreover, just like any other property or land, location is also a decision-driving factor in commercial investments.

Industrial spaces

The size of industrial properties can also vary greatly depending on their specialised use cases. It's also classified as commercial property development and includes anything from light assembly industrial buildings to heavy manufacturing to bulk warehouses and flex warehouses.

Mixed-used spaces

Mixed-use properties, while different in their own right, can be any of the types of the commercial property mentioned above. Retail/hospitality properties with workplaces or housing on top are the most popular type of mixed-use property, particularly in cities.

The bottom line

While there are a lot of other commercial properties in the real estate market in India, the aforementioned list is the most common and prevalent one. However, if you're interested in investing in commercial plots or properties, get in discussion with Lands and Homes, one of the top and reputed real estate agents in Bengaluru.

We have the highest expertise and capabilities to locate the best yet investment-worthy commercial property according to your budget criteria.