Things You Need to Know Before Converting a Residential Property into a Commercial Property in India

Thousands of people in India are turning to residential properties for commercial purposes. You can use your residential property for commercial purposes to efficiently work from home and generate money, which is a cost-effective and time-saving choice.

According to a commercial property agent in Salt Lake Kolkata as a renter of your residential house, you can like to open a clinic or a small parlour in one of the rooms. There's no harm in providing these services from the comfort of your own home, but there are a few things to keep in mind before inviting "clients" inside.

Before converting a portion of the individual house for sale in Kolkata into an office, there are three things to consider:

• Obtain a store and establishment license from the relevant local authority.
• Depending on the area, the size of the property, and the type of company activity, the civic authority would levy commercial rates on the property as well as the water and power supply.
• Before you apply, make sure you understand the area you'll require and the type of business you'll be running.
• It should be noted that some professions have been exempted from this rule. If you conduct a teaching, art, yoga, dance, or tuition class from your home, you are usually exempt from paying commercial charges.

What Is The Legal Position?

You can utilize or rent your independent house for sale in Kolkata within 50 lakhs Salt Lake for business purposes if the zoning rules and housing society management guidelines allow it. States, on the other hand, have distinct procedures for converting residential property to commercial property. Some states allow professionals such as doctors, lawyers, and chartered accountants to utilize up to 30% of a home for commercial purposes, whereas others do not. If your state permits it, you must first obtain permission from the housing society before converting residential property to commercial property.

It may also be essential to acquire approval from the local municipal government for the conversion of a flat into a commercial furnished office space in sector v Kolkata, depending on the nature of the business. Once a property is designated as a commercial property, it is regarded as such for all purposes, including paying higher property taxes.

 

Is a license required before beginning a commercial operation on residential property?

Yes. If you plan to conduct commercial activity on a residential property, you must first seek a license under your state's Shop and Establishment Act.