Commercial Shops For Rent In Harmu, Ranchi (600 Sq.ft.)

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...