Commercial Property Rental and Sales

India’s property markets are frenzy and are being driven largely by the rapid expansion of its information technology industry and the simultaneous growth of its middle class.

Boom is being witnessed by the commercial property sector. Properties are being transacted at unbelievable prices. The land prices currently prevailing in IT spaces have shot up three to four times of what it was two-three years ago. Currently the country’s commercial and residential real estate market is valued at about $50 billion now, and is expected to grow 25% annually.

Whether from investors point, buyers or price everything is gearing up to steep heights. According to a research there are thousands of commercial projects springing up across the country with the total Commercial activity index jumping to 60 in June from 58.3 in May with the sharp acceleration of commercial property in June & positive signals for the third quarter. Such a sharp acceleration is visible from the fact that 18 million square feet of commercial buildings were erected in 2004 & year 23 million sq. ft. of will pave this year & by 2009 the toll will touch 50 million.

The areas where major investments are being generated are Bangalore, Mumbai, Hyderabad, Chennai, and Gurgaon, a suburb of New Delhi & further extending its proximity to second-tier cities such as Pune in the west, Jaipur and Chandigarh in the north, and Kolkata in the east. All these are making MNC’s & foreign investors India as a keen target to invest. & the country is being considered as the “the next big thing” for investment. Under this many Israeli Companies have not far in the race lined up for major investments giving neck to neck competition to powers like China.

So also the various joint ventures inflowing by different players like Big Shopping Centers (2004) Ltd who recently mounted up an Indian subsidiary with a local partner owing 60% in the venture & plans to build commercial centre making an investment of USD 40 million. All these are universal to the fact that there is a real hunger for new construction to keep tempo with India’s robust 7% economic growth.

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Commercial property insurance is meant to cover all business related tangible and intangible assets like money and securities, accounts-receivable records, inventory, furniture, machinery and supplies. Losses caused by fire and theft and other such disasters are included in most of the basic multiple-peril policies of property insurance. For a business in the snowy regions of the United States it is quite natural and obvious to buy insurance coverage for snow, ice or sleet damage or natural disasters like earthquakes.

There are a few things that might help a firm or an individual get the maximum benefits from a property insurance plan. They are good loss-control measures and taking steps to prevent losses — hiring security personnel for security, installing a sprinkler system for fire and so on. These are the few conditions that should be taken care of before purchasing property insurance. For most business people, insuring a commercial property can mean a lot in terms of the security of the business and for the returns as well. Commercial property insurance will protect your company against loss or loss of use of your business property. This means loss of income or business interruption, buildings, computers, money and valuable papers.

Most insurance companies offer commercial property plans with a minimum premium almost exceeding $100,000. Looking after the interest of the commercial industries, these insurance terms are flexible, and most of the conditions are risk based. These insurance plans and the structured programs are meant for a broad range of industries including, heavy industrial, utilities and service customers.

Property Insurance provides detailed information on Property Insurance, Property And Casualty Insurance, Rental Property Insurance, Commercial Property Insurance and more. Property Insurance is affiliated with Home Renters Insurance.