Is it legal to use residential property for commercial use?

If the zoning rules and the housing society management rules allow it, you can use or rent your residential property for commercial activity. Once a property is marked as commercial property, it would be treated as a commercial property for all purposes, which includes paying more as property tax.

Can a residential property be used as godown?

No you cannot use basement of a residential property for godown purpose. Ground floor also cannot be used. If you will use a residential property for commercial purposes it can be sealed.

What is the difference between residential and commercial properties?

While residential properties are exclusively used for private living quarters, commercial refers to any property used for business activities. Commercial refers to hospitals, assembly plants, storage warehouses, shopping centers, office spaces, or any other location for a business enterprise.

What is the difference between residential and commercial building?

Commercial construction is employed by businesses and involves projects like the building of offices, industrial facilities, and other business establishments. Residential construction, on the opposite hand, will be in places where people live, like in apartments, houses and other homes.

Can we use flat for commercial use?

One can use the flat for commercial purpose provided, no production or manufacturing activity is conducted and the commercial use shall be completely professional in nature. In addition, it should not cause nuisance to other dwellers of the society.” However, necessary approvals from the housing society are required.

Is apartment residential or commercial?

While Apartment Buildings are designed for residential use, large-scale apartment complexes are considered commercial property because space is leased out to others as part of a rental business. Commercial buildings are much more varied than residential properties.

What is residential commercial?

Residential vs Commercial Residential refers to place that is used for purposes of living; commercial refers to a place that is used to gain profit, or conduct activities that are other than the simple purpose of living.

What is commercial HDA?

There are some commercial properties that also come under the HDA, eg: serviced apartments or SoHos. They are partly used for business and partly for residential purpose, they come under the Housing Development Act.