India’s rich investors have switched to buying commercial property in place of housing over the last 15-18 months following a tapering down of property price appreciation in the residential real estate in top Indian cities. Commercial property serves as a lucrative investment option with investors gaining from rental income as well as capital appreciation. Grade A commercial properties give 8-10% rental returns on the capital value depending upon interest rates. Investors have been buying properties ranging from 1,300 sq ft to 20,000 sq ft.
Read more: Economic Times
