Check to see if the area where you live falls under which land category in the Delhi master plan. If state rules and building society management guidelines allow it, you can use or lease residential real estate for business reasons. The methods for converting residential real estate to commercial structures vary by state. Some states allow professionals like doctors, lawyers, and financial advisors to use up to 30% of their house for business activities, while others do not.To know how to convert residential property to commercial in Delhi, you must first have to acquire approval from the housing society. Depending on the sort of business, obtaining approval from the local municipal authority for the conversion of an apartment into a commercial building may be necessary. When a property is designated as a commercial property, it is treated as such for all purposes, including taxation.
The guide on how to convert residential property to commercial in Delhi:
1) Pay a visit to your city's municipal government.2) To convert a residential property into a commercial property, submit an application to the municipal officer.3) Provide information about your company, such as company registration paperwork and a company ID.4) The size, location, and character of the property.5) Once your application has been reviewed, the authorities will look into your company and the property.6) If the Municipal Commissioner determines that there will be no harm to other residents in the area, your application will be approved; only then will your application be considered.So don’t just wonder about the question of how to convert residential property to commercial, give it your best try.Read More:How to convert residential property to commercial in Maharashtra?How to convert leasehold property to freehold?
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How to convert residential property to commercial in Delhi?
suraj
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January 6, 2022
2022-01-06T01:13:39+00:00 2022-01-06T01:13:40+00:00Comment
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