business properties include residential and business office buildings, as well as shopping centers. In general, "commercial property" refers to the structures that house companies, but it also includes land that is used to make money and sizable residential rental properties. The designation of a building as a commercial property may have different financial, taxation, and legal repercussions.
Commercial Property Types
Five kinds of commercial real estate are typically distinguished:
Office structures are included in this category, which also includes single-tenant homes, modestly sized professional offices, skyscrapers in downtown areas, and everything in between.
b) Retail Stores/Restaurants - These can be single-tenant retail buildings, small neighborhood shopping centers, bigger centers with grocery store anchor tenants, etc. Pad sites on highway frontages also fall under this category.
Apartment complexes or high-rise apartment structures fall under the category of "multifamily."
d) Land - This category includes investment assets on undeveloped, unprocessed, rural land with potential for future development, as well as infill land adjacent to an urban region, pad sites, and other things.
e) Industrial - Included in this group are distribution centers, sizable R&D facilities, cold storage facilities, and warehouses.
f) Miscellaneous - This group would include any additional non-residential buildings, such as lodging, hospitality, healthcare, and self-storage facilities, among others.
Updated: Feb 24, 2023
The term "proprietorship" refers to a situation in which a single individual manages a company; the company and the owner are legally one and the same. PAN cards for entities are assumed to belong to their owners.
Although a proprietorship does not need to be registered specifically, the following documents are accepted as official documentation.
Import and Export Code, MSME (Micro, Small and Medium Enterprises) Shops and Establishments Act, and GST (Goods and Service Tax) registration (IEC)
Updated: Feb 24, 2023
The Environment (Protection) Act was passed by the Indian Parliament in 1986 in order to control, monitor, and manage pollution as well as to safeguard the environment in the Union Territories of India.
In accordance with Section 3(3) of the Environment (Protection) Act, 1986, the Central Ground Water Authority was established to develop and safeguard all of the water resources in the Indian Territory for use by India's future generations.
The Central Ground Water Authority is active in 802 Over-exploited and 169 Critical Assessment Units to control ground water abstraction by industry and other projects.
A copy of the CGWA's thorough inventory of assessment units and these key regions has also been given to the State Pollution Control Boards and the Ministry of the Environment.
As per the list of Assessment units, the CGWA has notified 162 critical/ overexploited areas in parts of NCT Delhi, Haryana, Punjab, Andhra Pradesh, Rajasthan, MP, Gujarat, West Bengal, Uttar Pradesh, Karnataka, Tamil Nadu, UT of Puducherry and UT of Diu, so that the abstraction of groundwater for commercial purposes could be controlled and regulated. The concerned Deputy Commissioners/District Magistrates have been given instructions to execute the Act's provisions to control groundwater development in these designated regions under Section 5 of the Environment (Protection) Act, 1986.
Updated: Jan 8, 2023
The National Small Industries Corporation (NSIC) is a Government organization tasked to promote small businesses in India by providing them financial assistance, infrastructure development and required information about their business. The NSIC registration for small businesses is mandatory to avail the benefits of the schemes initiated for the small industries.
There are various kinds of schemes launched, from time to time, by the National Small Industries Corporation (NSIC) for its registered members. Some of these schemes are as following:
Single Point Registration for the small businesses
Bank Credit Facilitation to the registered members
Raw Material Assistance for discount billing or subsidies
Consortia & Tender Marketing Scheme for enhancing the reach and avenues of small industries
Infomediary Services/B2B to network the small business and to increase the transactions within the small businesses
Exhibitions to educate and train the small business owners.
Infrastructures Development to support the small industries
Marketing Intelligence Services to better target their marketing resources and increased revenues for small businesses
Technology Incubation under PPP Mode
Access to Government tenders without any fee
Exemption for Earnest Money Deposit (EMD) for submitting Bid Documents for Government Contracts
In tender participating MSMEs quoting price within price band of L1+15 per cent shall also be allowed to supply a portion upto 25% of requirement by bringing down their price to L1 Price where L1 is non MSEs.
Every Central Ministries/Departments/PSUs shall set an annual goal of minimum Purchase/services procurement from MSMEs
25 % of total annual purchase of goods
25 % of total annual services
Out of 25 %, 4 % shall be reserved for SC and ST
Out of 25%, 3% shall be reserved for women
358 items are also reserved for exclusive purchase from MSMEs
Other Schemes and benefits are also provided under MSMEs