Commercial Shops 600 Sq.ft. for Rent in Harmu, Ranchi

Listing ID #1394185

A shop/office space is available for rent in Harmu, Ranchi.

Details:

Location: Harmu, Ranchi

Space: 12 ft x 50 ft = 600 sq ft

Floor: Ground floor

Rent: 70,000 per month

Security Deposit: 4,00,000

Market Context (based on recent searches for Harmu, Ranchi):

Rent: Commercial property rental rates in Harmu vary significantly based on size, location (main road, bylane), and furnishing. For a 600 sq ft space, 70,000 seems to be within the higher range of reported rents in Harmu, but it's not unheard of, especially for a prime ground-floor location. Some listings show 600 sq ft office spaces for 60,000 per month, while other larger or prime locations can command higher rents (e.g., 1500 sq ft showroom for 1,40,000).

Security Deposit: The Model Tenancy Act, 2021, suggests a maximum of six months' rent as a security deposit for commercial properties. For a rent of 70,000, six months' rent would be 4,20,000. So, a 4,00,000 security deposit is in line with or slightly below the typical maximum. It's common for security deposits to range from 2-6 months' rent, depending on the property and landlord.

This property could be suitable for a business looking for a visible and accessible ground-floor commercial space in Harmu...