Banks when granting Working Capital limits(CC Limits) , generally ask for a property as collateral to secure the limits.
I own a commercial office space measuring 500 sq ft in a commercial tower in Delhi. This office is located on 12th floor and the entire floor plate measuring 10,000 sq feet (including mine 500 sq feet ) is leased out to a MNC which wanted the entire floor for its office use. The lease is of 9 years and 4 years has elapsed out of this.
Will banks take such commercial office space as collateral to secure the CC limits which I want to obtain for our business. and if yes, Which banks would be willing ?
Please advise !!!!
Warm regards,
Sumit Malhotra
CAclubindia
