1. What is Business Real Estate Rent?

The rent for business real estate in India is typically calculated based on the area of the property and the prevailing rate per square foot or square meter in that location. This calculator helps estimate monthly rent for commercial properties.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Area \) — Area of the property in square feet or square meters
• \( Rate \) — Current market rate per square foot or square meter

Explanation: The calculation multiplies the total area by the rate per unit area to determine the monthly rent.

3. Importance of Rent Calculation

Details: Accurate rent estimation is crucial for business budgeting, comparing properties, and negotiating lease terms. Commercial rents in India vary significantly by location, property type, and market conditions.

4. Using the Calculator

Tips:

• Enter the total area of the property
• Select square feet or square meters as the unit
• Enter the current market rate per unit area
• All values must be positive numbers

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between sq ft and sq m calculations?
A: 1 square meter equals approximately 10.764 square feet. Make sure your rate matches the unit you select.

Q2: Are there additional charges beyond basic rent?
A: Yes, commercial leases often include maintenance charges, property taxes, and other fees that may be 10-30% of base rent.

Q3: How often do commercial rents increase in India?
A: Typically 5-15% annually, often specified in the lease agreement as a fixed percentage or linked to inflation indices.

Q4: What factors affect commercial rental rates?
A: Location, property age, amenities, floor level, accessibility, and market demand significantly impact rates.

Q5: Is GST applicable on commercial rents?
A: Yes, GST at 18% applies to commercial property rents in India, paid by the tenant in addition to the rent.