Posted on

Get The Best Out of Commercial Properties In Gurgaon

While the service-class has benefited from the employment opportunities in Gurgaon, business class is reaping profits by taking commercial property for rent.  The city has a lot of significance in terms of business because of factors like support from the government, literate and educated population, modern culture, controlled pollution and metro rail connectivity. To put it simply, any real estate company in Gurgaon at present, has several profitable options with commercial properties. With the prices of these properties varying from one region to another, buyers need to make a clever choice.

Shopping-Centre-Gurgaon-by-VatikaGroupCommercial office spaces:
The industrial development in Gurgaon is the reason for so many entrepreneurs looking forward to setting up their business in the city. A popular location is definitely a big plus for any business. Commercial office spaces in Gurgaon are being utilized for the establishment of companies. A lot of reputed firms and multinational companies have already opened their branches in the city.

Additional amenities in residential areas:
Clubbing commercial spaces together with residential areas has become a common trend among private builders in Gurgaon. The residential projects usually have these spaces on the ground floor or on the first floor. With these spaces, routine requirements like grocery shopping, ration, money withdrawal from ATM, beauty parlor visits, and purchase of medicines are taken care of. It will be even more favorable for the builders if the residents own these spaces. However, if they are not able to convince the residents, they can offer these commercial spaces to the outsiders.

Shopping malls with full air-conditioning:
Fully air-conditioned malls have become a characteristic of Gurgaon. These are basically buildings with multiple floors offering shopping spaces. To attract more visitors, these malls also have anchor shops that are managed by popular brands. Offering a clean environment and a relaxed shopping experience to the visitors, these shopping malls are a smart way for the builders to make use of Gurgaon commercial properties.

Marketplaces for localities:
Regional plans usually involve linking a marketplace to the locality. Some commercial properties in Gurgaon have offices and residential areas nearby. (https://yellowtail.tech) Such commercial properties can be used for marketplaces. Usually built by private builders or the government, these marketplaces include office space and retail shops.

Posted on

A Glance at the Types of Commercial Property

When we talk about real estate, there are two common terms that are used- residential property and commercial property. To make understanding easy, it is often said that the property that is not for residential purpose, can be classified as commercial property. If you think that only office spaces can be categorized as commercial property, then it’s time to get your facts right! Office spaces, warehouses, retails centers, hotels and resorts are all a part of commercial property.

If you are looking for a commercial property for rent or are willing to invest in a commercial property, there can be no better location than Gurgaon. Office spaces, retail spaces or hotels- whatever your choice may be, the location is ideal for each one. Let us have a look at the various commercial property options available.

commercial property

Office space and warehouses: If you are planning to invest in an office space in Delhi NCR, you have made a great choice as you can buy and rent the property and enjoy maximum returns on the property. Also, investing in a warehouse is a good choice as both office spaces and warehouses generally have triple net leases. This means that your tenant will be responsible for paying the rent, maintaining and repairing the building, insuring the property and paying the taxes of the real estate. As a matter of investment, nothing can be better than this option.

Commercial retail space: Retail spaces comprise of malls and shopping centers. Investing in a commercial retail property too is a great choice as these can also be rented out on triple net lease. The taxes and expenses generally rise and as a investor, you too will receive a higher rent. Commercial retail property can further be divided into strip center, power center, community retail center and regional mall.

Hotels and resorts: Hotels and resorts also come under commercial property. The hotel can be full service hotel, extended stay hotel or limiter service hotel. However, if you are a first time investor, investing in this type of commercial property might be a risky decision as you may or might not earn profit.

Once decided to invest in a commercial property, make sure you consider the above mentioned options and only then make a decision.

Posted on

Difference Between Retail Space and Office Space

Various builders are coming up with excellent commercial projects in Gurgaon. When we talk about commercial property, you have options like office space, retail space and industrial space – all you need to do is determine what will suit your requirement. Each property offers different features to the tenants depending on factors like location and nature of business. But before you select a commercial property for rent, it is very important to understand the difference between the properties available. Let us have a look at the difference between retail space and office space.

Commercial Retail Space
A retail space is generally expensive than the office space. This setup generally resembles an anchor store and is surrounded by smaller stores. While looking out for a retail space, try choosing the space that is closes to the anchor store. This will attract more traffic to your store. A few factors must be kept in mind while looking for a retail space. Those factors are:

Visuality: The visibility of your store is something that matters the most. People should be aware of your presence and for that your logo should be clearly visible. Before deciding on the the space, find out where are how can you display your logo.
Accessibility of the store: The next thing that you should look out for is the accessibility of the store. Visitors should have an easy access to your store even if the surroundings are busy.
Availability of parking space: The visitors should have the facility of parking their vehicles in a safe place. When you look out for a retail space, do check if there is ample space available for parking.

Retail Space vs Office Space

Commercial Office Space for Rent

When you compare a retail space with a traditional office, the latter is certainly less expensive. The lease of the office space is generally for a long period of time and can be easily renewed. If you are willing to opt for an ideal office space, that too at an economical price, there can be nothing better than a office space on lease. Here are a few factors that should be considered before making a decision.

Visibility: It is very important to check the location as it is one of the prime factors that affects the visibility of a business.
Relocation: If in future you plan to relocate, how will your customers be informed about it? This is something you need to think of in advance.
Convenience: The convenience of the customers is of utmost importance. Make sure that before finalizing the space, you check that the location is easily accessible.

It is always a great choice to seek the advice of a real estate agent as he will understand your requirement easily and guide you on the right kind of property.

Posted on

Mistakes to Avoid While Making a Commercial Property Investment

When we think of investments, there can be nothing better than investing in a property, and if you are thinking of an investment property with returns, you should always opt for a commercial property. Gurgaon, the millennium city, has developed tremendously in the recent years and there is an availability of various office spaces in Gurgaon. If you too are thinking of investing in a commercial property, you can consider choosing Gurgaon as your location.

Mistake you should avoid in property investment

Many of us know that is a wise decision to invest in a commercial property, but only a few of us are aware of the mistakes that we make while making a commercial property investment. Let us have a look at a few mistakes that one should avoid while investing in a commercial property.

  • Going Wrong in Analyzing the Market Trend: This is one of the biggest mistakes that a property buyer can make. Analyzing the market trend is of utmost importance, specially in cases of commercial property investment. Keep an eye on the ongoing trend and assess whether the time is right or not to invest in the commercial property. The small mistake of not analyzing the market trend can prove to be heavy on the pockets.
  • Not Checking the Property Details: Whether you are buying the commercial property or are considering the option of taking the commercial property for rent, do not go by the outer appearance of the building. It is always important to check the property from inside. Before paying the money, look for any damages or problems that need to be rectified. Apart from the infrastructure, also keep a check on the taxes that you are paying. Make sure that the taxes are of the current rate.
  • Not Analyzing the Budget Properly: Before making an investment in a property, you should assess whether it is suiting your pocket or not. This budget includes the taxes, title work and approximate cost that will incur in repairs, to name but a few. If this cost sums up to more than your income, it is unreasonable to invest in such a property. Also, if you are willing to rent out your commercial property, take an idea of the general time taken in renting out the property in that location.
  • Putting Excessive Money in the Property: It has been generally observed that people borrow money from banks when they plan to invest in a property. Make sure you not put in too much money in buying the property. Always remember that you will have to return the money and that too with interest. The initial years might not be extremely beneficial, but you will have to pay your bank on time. This might be a little heavy on the pockets, thus it is advised that too much money should not be put in a property.

By keeping the above mentioned points in mind, you can avoid making mistakes while investing in a commercial property.

Posted on

Why Real Estate Property In Gurgaon?

Gurgaon is one of the cities with the best infrastructure and property options. There are several reasons which explain why the city has managed to score above other cities. One of the many reasons includes the presence of several real estate companies. Over the past few years, the city has established itself as a prime location for various big and small national and multinational companies. The city has several builders investing in real estate property. Gurgaon is not only known for residential projects, but also commercial office spaces. Buying an office space is not the only option available; you can also opt for commercial property for rent.

gurgaon city

There are several reasons why having a commercial office space for rent in Gurgaon is beneficial. One of them is the location which needs to be easy to get for both employees and clients. Moreover, if your office is in a reputed area, it adds up to a status. Another important factor is safe neighbourhoods in order to make the office space accessible for your staffs even in the late hours. Gurgaon is also well connected through metro, monorail, buses and auto, along with domestic and international airports in the vicinity.

The city also has well managed office spaces in Sector 83. Gurgaon offices have proper 24X7 CCTV and a security guard at all its office buildings. These office buildings are earthquake resistant and have fire safety alarms. The layout of office spaces, here, is properly managed in order to provide adequate working space and provide spacious cubicles. These offices also have a separate meeting, conference and training rooms.

Additionally, the buildings of offices in Gurgaon are constructed with all the added benefits, which include adequate parking spaces in order to make the parking convenient for employees and visitors. In the proximity, there are national and international banks, ATMs, hospitals and medical centres for the emergency.

Besides commercial spaces, Gurgaon also boosts residential properties with utmost facilities. Gurgaon has some of the best schools, colleges and shopping malls for the residents. The city is complete in itself with all the basic and modern amenities.

Posted on

Why Choose Commercial Property for Rent in Gurgaon?

Getting a commercial property for rent in a city like Gurgaon will definitely reduce the operation cost of the business. Especially if you are a start-up or have a small scale company, renting an office space in Delhi NCR is beneficial. Gurgaon is speedily emerging as the residential as well as commercial nucleus for professionals working there, along with gaining popularity owing to its proximity to the national capital. Today, many start-ups are investing in the city in order to gain high popularity. The immediacy with the domestic and international airport is one of the advantages, which makes the city a preferred location for most industrialists and foreign investors.

Commercial property in Gurgaon

The advent of several large scale industries and multinational companies are welcoming people from different corners to work or invest with them. Commercial office space for rent in the city boasts international architecture, modern amenities and technologically advanced features. Not only commercial property, but the real estate agents also build shopping malls, villas, apartments and more, keeping innovative use of spaces in mind. Also, the city has loads of options for commercial property, it is very important to keep few points in mind while choosing the correct one:

  • Find prominent and trusted builders who have created a niche and has some big projects on its name.
  • Check different commercial properties already built in the city, along with the type of designs used.
  • Moreover, in this modern world, it is very essential to have a building with the latest infrastructure, ample space, neat and clean atmosphere, security systems installed and more.
  • Confirm about the material used for the building. Ensure the material is environment friendly. (https://chacc.co.uk/)
  • Next is the location. It is very important to select the property location wisely. Also, it is recommended that location should be close to metro, airport, important facilities like bank, ATM and more.
  • Check the price of the property. Make a budget and ensure that your commercial property is available within your budget.

Therefore, while choosing the commercial property for your business, keep these points in mind and only go to a reputed builder involved in commercial real estate, Gurgaon.