Commercial Buildings
Floor plates, connectivity and the certificates that make them lettable.
A commercial building is bought on its ability to be occupied, not on its façade. The questions that decide the price are whether the occupancy certificate is in hand, whether the fire NOC covers the current layout, and whether the floor plate suits the tenant you are actually targeting.
Occupancy certificate, fire NOC and tenant-readiness status
A building without a valid occupancy certificate cannot be legitimately occupied, and an institutional tenant will not sign against one. We confirm the OC covers the building as it stands today — not as it was sanctioned — and that the fire NOC matches the current internal layout rather than a layout that was changed after approval.
What every commercial listing shows.
Presented as a cutaway treatment rather than a generic property template — the fields below appear on every listing in this class, whether or not they flatter it.
Floor plates
Plate size, efficiency ratio, core position and column grid
Connectivity & IT infrastructure
Fibre providers on site, redundant power, DG backup, UPS provision
Parking ratio
Bays per 1,000 sq ft, and whether it clears the sanctioned plan
Tenant readiness
Warm shell vs bare shell, HVAC provision, lift bank and waiting time
What we check before we would let you buy it.
These sit on top of the six-stage protocol every parcel goes through. They are the checks specific to this asset class — the ones a general property review would not run.
- Occupancy certificate issued, and matching the built configuration
- Fire NOC current, and covering the present internal layout
- Sanctioned plan compared against as-built — deviations quantified
- Parking bays counted on site against the sanctioned count
- Lift, HVAC and DG capacity checked against stated tenant load
- Common area maintenance liabilities and existing lease encumbrances
Currently on the marketplace.
The ones worth asking early.
Asked before a site visit rather than after an agreement, these change what you pay.
Why does the occupancy certificate matter more than the completion certificate?
A completion certificate says the building was finished. An occupancy certificate says it may lawfully be occupied. Institutional tenants, lenders and insurers underwrite against the second one.
How much deviation from the sanctioned plan is normal?
Some is common; the question is whether it is compoundable. We quantify the deviation in area terms and identify whether it can be regularised or whether it is a permanent overhang on the asset.
Have a commercial asset reviewed.
Tell us which parcel or building you are looking at. We will tell you which of the checks above are likely to bind, and what a full review would cost, before you commit to anything.
Typical audience for this class: Investors and occupiers buying or letting commercial stock
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