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41 questions
Can a foreign company buy property in India?India Property
It depends on the structure. A foreign company's Indian branch can buy property for its own business, but a liaison office cannot. An Indian subsidiary can buy and sell like any Indian company. Companies from some countries such as China, Hong Kong and Pakistan need prior RBI approval.
More on Adullam India Property →Can we lease an office without an Indian company?India Property
Branch, liaison and project offices of foreign companies can lease for up to 5 years without separate permission. But the contracting party, tax treatment and bank account are linked, so it's best decided together with your incorporation plan. Adullam handles incorporation and office search together.
More on Adullam India Property →What taxes apply to rent?India Property
Two. ① If monthly rent exceeds ₹50,000, the tenant deducts 10% TDS and pays it to the tax department (2% for machinery and equipment). ② Commercial rent for offices, warehouses and factories carries 18% GST. When comparing quotes, check whether GST is included.
More on Adullam India Property →What does office rent cost in the 7 cities?India Property
Average Grade A office rents (₹/sq ft/month): Mumbai 178.7, Delhi NCR 105, Bengaluru 100.6, Hyderabad 98.1, Pune 92.2, Chennai 74.5, Ahmedabad 51.6. Delhi NCR 105 is the average for the whole capital region including Gurugram and Noida, not for Gurugram alone. Mumbai, Hyderabad, Pune and Ahmedabad are from Cushman & Wakefield Q3 2026; the rest from Knight Frank Q1 2026. Areas within a city vary widely — Mumbai BKC is 379, Thane 89.
How much is the security deposit?India Property
There is no fixed rule; it's negotiated. Recent deals show about 3–12 months' rent for offices and 2–6 months for warehouses: ExxonMobil's Bengaluru office was 3 months, Charles Schwab Hyderabad about 7, McKinsey Mumbai BKC about 12, and a Mahindra warehouse in Pune about 2. Just as important as the amount is stating clearly in the lease when it is returned and what can be deducted.
Why are 11-month leases so common?India Property
In India, leases over one year must be registered, which costs stamp duty and fees. So residential leases often run 11 months to avoid registration. But factories, warehouses and offices used for years should in principle be registered — unregistered leases can put you at a disadvantage in disputes.
More on Adullam India Property →How often does rent go up?India Property
It's set by the escalation clause. For example, Bengaluru warehouses often have 5–9 year leases with a 15% increase every 3 years. Also check for a lock-in period in the first years when you can't exit.
More on Adullam India Property →How can we check whether a broker is trustworthy?India Property
Brokers and online platforms that broker property sales must register with each state's RERA. Check that the broker's RERA registration number is in the contract and look it up yourself on the state RERA website. Registration is per state and renewed every 5 years.
What should we check when looking at factory land?India Property
Five things: ① the owner and title documents (including any mortgage) ② whether the zoning allows that type of factory ③ whether the power (kVA) and water you need can be brought in ④ access road width and turning space for large trucks ⑤ environmental clearances for your sector. Adullam also arranges Indian lawyer review and Korean translation.
More on Adullam India Property →How do we get land in government industrial parks such as SIPCOT?India Property
SIPCOT (Tamil Nadu) takes online applications with a ₹10,000 per acre deposit and a ₹10,000 processing fee (+GST). Foreign investors need extra FDI documents, and the decision comes within 60 days. It's a conditional allotment — not full ownership — requiring you to build within a set period, or the land can be taken back. Other states have their own bodies, such as KIADB in Karnataka and MIDC in Maharashtra.
More on Adullam India Property →Which cities have the most demand for factories and warehouses?India Property
According to Cushman & Wakefield, industrial and logistics leasing in the first half of this year was led by Delhi NCR (8.7 million sq ft), Chennai (6.1 million) and Pune (5.9 million). Chennai saw record half-year factory leasing, and Pune's factory leasing rose 33%.
More on Adullam India Property →Which city is good for IT and R&D?India Property
Bengaluru is India's largest office market, with 25% of office leasing from January to September this year. Hyderabad is second at 13.1 million sq ft, up 92% year on year in Q3 alone.
More on Adullam India Property →How do we find housing for expats?India Property
We first recommend areas close to schools, hospitals and malls. We take your requirements — apartment, villa or house, furnished or not — and shortlist options, review and translate the lease into Korean, and help you settle in with utilities, internet and a bank account. Rent above ₹50,000 a month is subject to TDS, which we also take care of.
More on Adullam India Property →We're in Korea — do we need to visit the site?India Property
Not necessarily. We show shortlisted properties by video call, and our local team handles document checks and negotiation. For large contracts such as factories, we recommend one visit before the final decision.
More on Adullam India Property →Is there a consultation fee?India Property
The first consultation is free. Leave your requirements and we'll send a shortlist within 3 business days. Fees depend on the deal type and scope and are explained in the consultation.
More on Adullam India Property →What costs are there besides rent?India Property
Monthly costs include common area maintenance (CAM), power backup charges, insurance and a share of local taxes, so expect to pay 20–35% more than the quoted rent. One-off costs are the security deposit, stamp duty and registration, and fit-out. Commercial leases also carry 18% GST.
More on Adullam India Property →Can we get a rent-free period?India Property
Yes, it's common in large deals. Japan's SMBC got 9 months rent-free on a 5-year lease in Mumbai BKC, and Amazon got 24 months spread over a 17-year land lease in Powai, Mumbai. Usually you ask for the fit-out period; larger areas and longer terms give more room to negotiate.
What's the difference between "carpet" and "super built-up" area?India Property
Carpet area is the usable area inside the walls; built-up adds wall thickness and balconies; super built-up adds a share of common areas such as corridors and lobbies. Loading is 40–45% in Mumbai and 35–41% in Bengaluru and NCR, so 10,000 sq ft may give you around 6,000 sq ft of usable space. Always check which area the rent is based on.
More on Adullam India Property →Lakh, crore, sq ft, sq m — the units are confusingIndia Property
1 lakh is 100,000 and 1 crore is 10 million rupees, so 1 crore is 100 lakh. For area, 1 sq m is about 10.76 sq ft and 1 acre is 43,560 sq ft (about 4,047 sq m). Government industrial land is usually priced in ₹/sq m, rent in ₹/sq ft/month, and large land in "crore per acre".
More on Adullam India Property →What do warehouses and factories rent for by city?India Property
In ₹/sq ft/month: Mumbai Bhiwandi 23, Pune Chakan 28 (factories 31), Ahmedabad Sanand 23–26, Hyderabad Medchal 23, Delhi NCR Manesar 22–38. In Chennai's Sriperumbudur, Eicher Motors signed at 21.06 this year. See "Rents at a glance" on each city page for more detail by area.
Where is retail rent highest?India Property
For ground-floor shops on main retail streets (₹/sq ft/month), Delhi's Khan Market is highest at 1,700–1,800, followed by Mumbai's Linking Road at 1,175 and Gurugram's Galleria at 1,250–1,350. Bengaluru Commercial Street is 430, Pune JM Road 420, Ahmedabad Sindhu Bhavan Road 273, Hyderabad Jubilee Hills 250 and Chennai Anna Nagar 210. This is a different basis from office rent.
How long are leases usually?India Property
Offices are often 3–10 years. This year's deals include ExxonMobil Bengaluru 3 years, Charles Schwab Hyderabad 5 years and IBM Gurugram 10 years, while co-working firm IndiQube signed for 15 years in Chennai. Warehouses and factories are usually 3–9 years, and build-to-suit (BTS) buildings longer.
What is a lock-in period?India Property
A period in the first years of the lease when, if you leave, you still pay rent for the rest of it. For example, Infosys took a 10-year lease in GIFT City with a 3-year lock-in. If the landlord did custom fit-out, the lock-in is longer until that cost is recovered. If head office plans may change, keep the lock-in short and the notice period clear.
Can we sublease space from another company?India Property
Yes. This year HSBC subleased 200,000 sq ft in Gachibowli, Hyderabad, from space taken by a co-working firm. But the original lease must allow subletting, and you should get the landlord's written consent. When the original lease ends, the sublease ends too.
More on Adullam India Property →Can the Korean parent pay the rent directly?India Property
It depends on who signs. If an Indian company or branch signs, pay from an Indian account and handle TDS and GST in India. A foreign company can only sign directly in limited cases such as leases up to 5 years, so this is usually decided together with incorporation. Agree the payment structure with your accountant first.
What is the stamp duty when buying property?India Property
It varies by state. Stamp duty plus registration is 6.5% in Maharashtra (Mumbai, Pune), highest at 12% in Tamil Nadu (Chennai), and 4% in Delhi. Commercial property is generally around 7–9%. We recheck the state's latest rates before you sign.
More on Adullam India Property →Is there TDS when buying property?India Property
Yes. If the price is ₹50 lakh or more, the buyer deducts 1% and pays it to the tax department. From April 2026 this moved to section 393 of the new Income-tax Act, at the same rate. If the seller is a non-resident, a different provision (section 195) applies and the rate can be much higher.
More on Adullam India Property →Can a Korean expat buy a home in India?India Property
Yes, if they become a resident under FEMA by coming to work in India. Non-resident foreigners generally can't buy, and can only lease for up to 5 years without permission. Nationals of some countries such as China and Pakistan need prior RBI approval even as residents. Korea is not one of these countries.
More on Adullam India Property →Can we buy farmland and build a factory?India Property
We don't recommend it. Foreigners and overseas Indians can't buy agricultural land, plantations or farmhouses, and even Indian companies face state-by-state restrictions and a difficult conversion to non-agricultural use. Looking in government industrial parks or land already converted to industrial use is faster and safer.
More on Adullam India Property →How do we check a building was properly completed?India Property
Check the Occupancy Certificate (OC) — the municipal certificate that it was built to approved plans and passed fire and structural standards. Without an OC you may not get formal power and water connections, insurance claims may be rejected and you may face eviction. Head office audits often ask for it too.
More on Adullam India Property →Can we buy an office that's still under construction?India Property
Yes, but first check the project is registered with the state RERA. The registration number lets you check progress, expected completion and approvals. Brokers also need a RERA number. Delays are common, so include compensation for delays in the contract.
By when must a factory be built on government land such as MIDC?India Property
With Maharashtra's MIDC, you must get a building permit within 1 year of allotment and complete the building within 2–5 years depending on size and zone. Late completion means extension fees of up to 25–40% of that year's allotment price, and if you still don't build after all extensions, MIDC can take the land back. Other state industrial corporations have similar terms.
More on Adullam India Property →How do government industrial parks differ from private land?India Property
Government parks have roads, power and water in place and prices tend to be below market, but allotment is conditional on building within a deadline and the process takes months. Private land can be bought immediately with fewer conditions, but you must check title, zoning and infrastructure carefully yourself. First-time entrants often look at government parks first.
More on Adullam India Property →Are industrial land prices rising fast?India Property
Yes. In the first half of this year, industrial land rose 26–29% year on year in Pune, 12% on average in Hyderabad and 9–15% in Ahmedabad. Around Mumbai's TTC and Taloja it rose 15–20%. If you plan to expand a factory, consider securing ample land early.
How do we take part in an HSIIDC auction?India Property
Haryana's industrial corporation (HSIIDC) runs e-auctions on its official portal (hsiidc.bidx.in). During registration you pay an earnest money deposit of 5% of the reserve price and bid online on auction day. A valid PAN is required and companies still being incorporated can't take part — so set up your Indian company first.
More on Adullam India Property →What does factory land cost in Sanand, Gujarat?India Property
Gujarat's industrial corporation (GIDC) 2026-27 allotment prices are ₹6,070/sq m for Sanand-II (Bol), ₹6,210 for Khoraj (provisional) and ₹4,260 for the Japanese-only Mandal park. On the private market, Sanand industrial land runs about ₹2.8–4 crore per acre.
Where is good for semiconductor and electronics plants?India Property
This year, factory leasing in Bavla and Sanand near Ahmedabad came entirely from semiconductor and advanced manufacturing demand. Hyderabad has Fab City, and TGIIC is preparing a new semiconductor park at Timmapur. Once you have candidates, we start by comparing power and water conditions.
Which cities do Korean companies mostly go to?India Property
Chennai, home to Hyundai and Samsung plants, has the largest cluster of Korean suppliers. Hyundai also started its Talegaon plant near Pune in 2025 and announced this year a further US$15.5 billion investment in India by 2032. Offices are often in Delhi NCR (Gurugram) and Bengaluru.
More on Adullam India Property →Mumbai offices are very expensive — are there alternatives?India Property
Rents vary widely within Mumbai. Grade A is 379 in BKC and 357 in Worli, but 89 in Thane, 78 on Thane-Belapur Road and 106 in Vashi. Many companies keep a small client-facing office in BKC and put operational staff in Thane or Navi Mumbai.
More on Adullam India Property →Can we start in a co-working space?India Property
It's a good approach. According to CBRE, flexible workspace became the largest driver of office demand in India this year. Many companies start with short contracts in furnished, connected space at incorporation and move to a conventional office as headcount grows.
More on Adullam India Property →Which is better, Hyderabad or Bengaluru?India Property
From January to September this year, office leasing rose 50% in Hyderabad and fell 26% in Bengaluru (against a strong previous year). Grade A rents are similar: 98.1 on average in Hyderabad and 100.6 in Bengaluru. Bengaluru has the larger IT talent pool; Hyderabad is more active with new buildings and government support.
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