Commercial Property For Sale in K Narayanapura Cross
K Narayanapura Cross is an emerging area known for its strategic location and proximity to key hubs. This property represents an exceptional opportunity for investment, offering a prime commercial plot in a rapidly developing neighborhood.
Location and Accessibility
The plot is located at K Narayanapura Cross, a well-connected area that offers excellent road access and close proximity to important infrastructure. The property is situated on a 30-foot approach road, ensuring ease of entry for commercial vehicles and customers. Its east-facing orientation further enhances its appeal, particularly for businesses that benefit from good natural light and ventilation throughout the day.
Property Specifications
- Plot Type: Individual (Gated Community)
- Katha: A-Khata
- Total Plot Area: 2280 sqft
- Facing: East
- Approach Road Size: 30ft
- Water Source: Borewell
- Boundary Wall: Yes (Boundary wall is already constructed)
The plot is an individual, standalone unit within the neighborhood, making it an ideal choice for commercial development. Additionally, the property already has an A-Khata certificate, a crucial document confirming its legal standing for residential or commercial purposes. The total plot area spans 2280 square feet, offering ample space for a variety of commercial ventures.
Commercial Use Potential
With the commercial zoning in place, the property is perfect for businesses looking to capitalize on the growing demand for retail spaces, office buildings, or mixed-use commercial developments. Its size and location ensure flexibility for a wide range of commercial projects, from standalone retail outlets to small-scale office buildings.
The area surrounding K Narayanapura Cross is growing, with various residential and commercial developments underway. This ensures a high demand for commercial spaces, making it a lucrative investment opportunity. The plot’s east-facing direction also contributes to its viability, as businesses in this orientation enjoy better exposure to natural light, attracting customers during the daytime.
Investment Value
- Price Per Square Foot: ₹13,000
- Total Price: ₹3 Crore (₹3,00,00,000)
- Negotiability: Yes
At a price of ₹13,000 per square foot, this property is priced to reflect its prime location, substantial size, and commercial potential. The total price of ₹3 crore may appear steep, but the value for this strategic location makes it a worthwhile investment. Given the rapid development in the surrounding areas, this price point holds significant potential for long-term returns. Additionally, the negotiability of the price adds flexibility for interested buyers.
Water Source and Utilities
The property has an established borewell as its water source, which is a significant advantage, especially in commercial settings where a reliable water supply is crucial for business operations. The availability of water from a borewell ensures that the property is self-sufficient, reducing the dependency on municipal water connections. This is particularly advantageous for businesses that require consistent water supply for daily operations, such as restaurants, manufacturing units, or retail outlets.
Boundary Wall and Security
One of the key features of this property is the already completed boundary wall. A boundary wall is essential for ensuring privacy, security, and clearly demarcating the property’s boundaries. It also reduces the risk of encroachment and provides a solid foundation for further development, whether it’s constructing a commercial building or setting up a large-scale retail outlet. The presence of a boundary wall adds value by saving the buyer the cost and effort of constructing one.
Legal and Documentation
The property comes with an A-Khata certificate, which is a crucial legal document that proves the legitimacy of the property for both commercial and residential purposes. The A-Khata certification ensures that the property complies with all municipal regulations and is free from legal disputes, making it a secure investment option. Buyers can be assured that they are purchasing a legally clear and marketable property, which is a major consideration for any real estate transaction.
Negotiability and Final Thoughts
While the asking price is set at ₹3 crore, there is room for negotiation. This flexibility makes it an attractive proposition for investors who are looking for a commercial space in a prime location but may want to secure a better deal. Negotiating the price can allow buyers to close the deal at a more favorable rate, increasing the potential for a profitable investment in the long run.
In summary, this 2280 sqft plot at K Narayanapura Cross offers a prime location for commercial development. With its established water source, boundary wall, and clear legal status, it is a solid investment opportunity for businesses looking to expand or individuals seeking to invest in a growing area. The price point reflects the potential for high returns, making it a compelling choice for serious investors.
