In order to equip you with the best of real estate information Property for Sale Magazine has invited Mr. Chetan Kapur, Founder and Director of Golden Bricks – Real Estate Services. With mammoth expertise and knowledge he will inform and guide you to make better investment decisions. Golden Bricks is one of the leading real estate consultant based in Gurgaon. With over 20 years of experience it operates in residential, retail and commercial sectors in the Guragon region and represents some of the most prominent projects and developers. The company has successfully handled over 1250 projects and effected possession of more than 450 of them. The company offers services like ‘my Home’, ‘Invest+’, ‘Wealth+’ uniquely designed to cater to the needs of consumers.
Property for Sale Magazine is privileged to have a regular column on different aspects of real estate industry, finance and investment from the desk of Mr. Chetan Kapur.
The impact of sealing drive in major retail markets of Delhi has created a great deal of insecurity and anxiety for small businesses & retail business owners. The sealing is being executed at most prime markets in Delhi due to non payments of conversion charges- which is under the provision of Master Plan 2021.
AAP (Aam Admi Party) led Delhi government is trying its level best to get the bill pass against sealing. Meanwhile, CAIT (Confederation of All India Traders) has called for a two day bandh in markets of Connaught Place, Chadni Chowk, Karol Bagh, Kamla Nagar, Sadat bazaar, Moti Nagar and many other prominent market places of Delhi. The bandh would massively affect shop owners, around 2 lakh small traders, around 2000 premises and local residents. It would lead businesses to crumble impacting traders for whom it is their primary source of income. This would also be a setback for the families of traders and people employed with them.
The root cause of sealing drive is non-payment of conversion charges for unorganized and unapproved retail premises and buildings offering shops in basements, mezzanine, second floor etc. Majority of these retail markets in Delhi exist for the past 40-50 years, and since then the markets have expanded around the buildings, though most of the buildings were unorganized and unauthorized.
Real Estate Expert & Columnist – “Chetan Kapur, MD; Golden Bricks“A Real Estate Advisory Firm, Gives Us His Inputs About The Impact Of The Sealing Drive In Delhi & It’s Solution For A Real Estate Investor – Property For Sale Magazine
The only way these shops can stay safe from the fate of sealing is by keeping authorities like DDA, Fire Department, Health and Safety etc. notified and informed on any development. Local markets association should take help from governments and redevelop the whole markets into organized markets as they did in DDA (Delhi Development Authority) markets and high street retail markets of Gurugram and NCR.
My advice for small business owners and shopkeepers is to carefully consider and read all legal documents and licenses for commercial activity before buying or leasing. They should also make investments in new opportunities like approved high street retail shop markets available in Gurugram. Gurugram is a city with the maximum HNI (High Net Worth) residents who have high purchasing power. Moreover, most of the renowned retail brands have already opened their second or third outlet here. The shops are available at competitive prices starting from only 25 lakhs and can go up to 2-3 crores respectively. The shops are ready to move in or are under construction available under easy payment plans. Look ahead, be organized and don’t let anything make you lose your income and business.