You use your residential property into commercial property with permission given by local authority. You can submit the application form and tell the local authority to permit your business profile as commercial way. That is call change of usage of the property.
Find out the process of going about this and other details.
Can we use our residential property into business?
Yes of course, you can use the property for your business purpose with the permission of local municipal corporation or government of residential property. Every state has the different law for the usage of residential property to commercial purpose i.e. some how of the state has permit 30% of the total property can be used for the commercial purpose. while some how of the row house as used up to 50% of their property as commercial business. Every business has not granted for the permission given by corporation for commercial purpose.
Some how small business like grocery store and all are not need the permission from the corporation. Because they have not to pay the tax for it. It has been there choices to use or not. After all they need to approved only plan like impact plan from the architect. They have to need any mortgage loan if any the plan will help them.
Lets see who use the authority as legal given by corporation.
Advocate, CA, Lawyer, doctors are easily approved by municipal corporation in any residential area. Same as per dance, yoga classes are also easily approved by municipal corporation.
The residential society has granted for the change of usage for their property. it is totally depend upon the type of business. Also, if the society granted for the permission for the commercial use, after that they need the approval from the local municipal corporation. The tenants of their property are no rights to talk with the property.
What are the law behind converting the residential property into commercial?
Goverment has registered the zone as per the law and transformation the property from residential to commercial. The law aims to
safeguard against the detrimental effects of business operations. They try to keep the two major commercial and residential property. There are different types of zone define such as residential, commercial, industrial, land usage, agriculture, Non agriculture.
Can we use residential property into commercial property? How’s it?
A residential property is transform into commercial property so that it can take a long time. It has take a lot of steps to complete the process to change of usage from local municipal corporation. It may lead a penalty if you do not. This steps may help you to convert the residential property into commercial property.
Step 1. Firstly, go to the local municipal corporation in your city. For an example if you live in Surat city, go to the Surat Municipal Corporation(SMC).
Step 2. Secondly, you written your application form to the municipal officer for the convert the property. If you explain the purpose for the change of the usage, it would be benefit.
Step 3. It is necessary to register the business into municipal corporation. Also submit your business details, such as size of the company, address and the type of the property.
Step 4. The local municipal corporation or authority will look after it and if any issue generated they will not grant the permit for usage.