Commercial and Residential Properties in Gurgaon

Any property is categorised into two groups i.e. Commercial Properties and Residential. A generalised understanding of the two kinds of the properties can be drawn on the basis of the purpose that they are put to use for. Commercial properties are properties that are used for business or commercial purposes, while residential properties are properties that are used for housing or living purposes. 

Both Commercial and Residential properties are always in high demand in Gurgaon because of a number of contributing factors. Gurgaon is also known as the "Millenium City" and is home to a lot of businesses and thus also houses a lot of families and individuals. It is for this reason that top brasses like Satya The Hive in the real estate business are always on the edge and work round the clock to get the best out of the constant demands of both commercial and residential properties in the Millennium City.

Major difference between Commercial Properties and Residential Properties:

Let us take a closer look at some of the key differences between commercial properties and residential properties include such that one can easily establish a better understanding of plots and properties:

• Intended use: Commercial properties are intended for use by businesses and typically include office buildings, retail stores, warehouses, and factories. Residential properties, on the other hand, are intended for use as homes or dwellings by families or individuals.

• Income potential: Commercial properties have a higher income potential than residential properties, as they can generate rental income from businesses that operate on the premises. Residential properties typically generate rental income from individual tenants which apparently are a lot less than what is drawn from commercial properties.

• Lease terms: Commercial leases tend to have longer lease terms than residential leases, often spanning several years. Residential leases are typically shorter, usually lasting for one year or less or maybe more, but whatsoever be the time period it is usually relatively shorter than those of the commercial properties.

• Tenant responsibilities: Commercial tenants are usually responsible for maintaining and repairing their own premises, while landlords are responsible for maintaining the common areas of the property. In residential properties, landlords are typically responsible for overall maintenance of the entire property.

• Building codes and regulations: Commercial properties are subject to more stringent building codes and regulations than residential properties due to the potential safety hazards associated with commercial use which undoubtedly are lower to none in case of residential properties.

Overall, commercial and residential properties have different characteristics, uses, and requirements, and are governed under and are subject to different laws and regulations. 

Satya group is one of the top names of such property developers in the city and the Satya Merano Greens is one of the most exquisite residential properties by them, The Hive on the other hand is the best commercial property. Both these properties qualify as most favourable and preferred for clients and residents because of their strategic locations near the Delhi NCR and easy availability and accessibility to modern day amenities and other resources.