Home -> Forums -> Construction -> Layout and House Plans -> should i build row shops or apartment in my land

should i build row shops or apartment in my land

Thu Aug 02, 2012Total posts : 1
tirumala
tirumala
Join date: Jun 2010
Topic: should i build row shops or apartment in my land

Hi Gents,

i bought a piece of land 5 months ago ( Asphalt (black top) road facing plots --04 each.

520 square yards (02 plots) one side and middle there is a 32 feet road and 528 square yards (02 plots).

My land is 01 minute 40 sec.. away from the main centre of the town.

it is a kind of commercial area.

So, please some have a look at the following link (youtube) provided below and advise me whether i should build a row shops in ground floor... is it a good idea.

youtube link  :   PTVRAO commercial plot 15032012014.mp4

as per above video link in youtube.. you can view my plots ...time 01 minute 40 sec to 02 minute 12 sec... all the road facings plots are belong to me.

after 2 minute 12 sec ... the area is well developed.. upcoming

my plots are having 3 sides roads.. 1 side neighbours private property.

so please advise... how many row shops that i can build in ground floor along the Tar road (west Facing)......

if i build ground floors shops + 1 st floor residential housing+2 nd floor residential housing... how much it would cost for me.

thanks a ton ....

 

 

 

Fri Aug 03, 2012Post  #1
Ar. Manoj Ralen
Ar. Manoj Ralen

Join date: Feb 2008
Dear Tirumala, 
I reviewed the video uploaded by you and here are my thoughts. 

1) Though, a complete commercial establishment gives better returns on the investment made on land and construction, yet in your case, it seems that commercial activity has not picked up considerably. So if you end up constructing a large amount of commercial area , it may not sell out at the speed at which you would wish so you would be stuck with a built commercial space. 
2) So ideally, you need to study the appetite of the local investors/consumers as to which constructed area is readily salable and then mix it accordingly. 
3) Having a combination of commercial+residential+space for bank+ATM space+a hotel that you could run yourself would reduce your risk by spreading it into multiple property type. 
 Hope this information is helpful
Thanks
 

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