Commercial Property in Udaipur — Shops, Offices & Showrooms

Commercial Property in Udaipur — Shops, Offices & Showrooms — Overview

Udaipur's commercial real estate market is driven by tourism, retail expansion, and a growing IT and services sector. The city offers diverse opportunities for investors and business owners across all segments. Prime commercial zones in Udaipur: • Chetak Circle / Madhuban — Udaipur's most busy retail corridor. High footfall shops and showrooms. Premium rents. • Bhuwana — IT park zone. Best for office spaces and tech company setups. Emerging market. • Airport Road — Logistics warehouses and hospitality-linked commercial units. Growing demand. • Sukhadia Circle / Clock Tower — Tourist-facing retail. High visibility for jewellery, handicraft, and hospitality businesses. • Hiran Magri Sector 11 — Mixed-use commercial. Retail shops and small offices in a densely populated residential hub. Commercial property in Udaipur benefits from: ✓ 15–20% annual rental yields in prime zones ✓ Strong and consistent footfall from domestic and international tourism ✓ Growing corporate presence (ICICI, HDFC, Infosys service partners) ✓ State government focus on industrial development near Zawar and Mavli corridors All commercial listings on listitnow.in are verified by local real estate agents and include carpet area, floor details, and possession status.

Frequently Asked Questions

What is the average price of a commercial shop in Udaipur?

A retail shop in Udaipur costs between ₹25 Lakh (Pratap Nagar) to ₹5 Cr+ (Chetak Circle main road). Shops on the tourist circuit near City Palace can command extremely high premiums due to footfall.

Where are the best commercial areas in Udaipur?

Chetak Circle, Madhuban, and the Clock Tower area are the prime retail zones. Bhuwana is best for IT offices. Airport Road is ideal for logistics and hospitality businesses.

What is the rental yield for commercial property in Udaipur?

Commercial properties in Udaipur typically yield 6–10% annual rental return. Prime tourist area properties can yield higher due to strong tourism demand, especially for hospitality and retail formats.

Is commercial property GST applicable on purchase in Udaipur?

Yes, GST at 12% applies on under-construction commercial properties. Ready-to-move commercial properties have stamp duty and registration charges applicable (6% + 1% in Rajasthan).