A residential building is meant for living in a house with family or alone but a residential building is built to run a business. If you want to do both, you have to chalk out a plan like
where you want to have a business- at the back side or front side of the house
It is going to be a 2-storey or 3-storey building
Where are you going to build the bedrooms and more
Some businesses that you can initiate in your residential spaces are:
Clothing boutiques
Art galleries
Coffee shops or cafes
Food courts
Gift shops
Yoga centres and more.
These businesses should be small.
Do note that you have to acquire the NOC or No Objection Certificate from the Municipality first in order to carry on your business. For a small business, registration is not required but do acquire any tax license, like service tax registration.
As for terms let me tell you that your construction has to abide by the rules and regulations of the building construction. Things to check for construction quality are as follows:
Strength and stability
Resistance to dampness
Resistance to fire
Heat insulation
Sound insulation
Protection from termite
Lighting and ventilation and more
I hope this is what you wanted to know, if not post your query more precisely next time.
Get your building’s documents verified to avoid disputes in the future by NoBroker Legal experts
Read More:What things to focus on before buying a commercial property?
What is commercial property?
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Basic terms for the built to suit residential cum commercial space
Mohan
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3 Year
2022-11-30T11:21:51+00:00 2022-12-29T08:16:41+00:00Comment
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