Tag Archives: office space in Gurgaon

Commercial Office Space – the Foundation of Starting a Successful Business

Posted on January 30, 2015 by
Town Square

Commercial real estate has gained a lot of significance in the past decade and their prices have rocketed sky-high. A good office space, in a lucrative business hub, has immense commercial value and can prove to be a great foundation for your business.

Businesses of all kinds develop and prosper when good services and facilities are available. A commercial property serves the purpose of sustaining its employees and enables them to perform their work with maximum efficiency. So, the decision of selecting an office space is quite important. Office spaces can be further divided into three types – meeting space, work space and support space.

IT boom has converted some cities into an employment hub. This has led to a great demand in commercial retail real estate, increasing the property prices, as well as rent for such spaces. The acute requirement of office spaces among multinational companies has led to major increase in the price of lands.

Most office spaces can be reformed by simply investing in the decor and furniture. By just specifying the requirements, an office can be designed in accordance with the user’s requirements. Offices are designed keeping in mind long term, as well as temporary needs of a business. Executive office suites are known to be the best offices available. They offer a complete set of office facilities, such as telephone lines, Wi-Fi, etc. They are technologically equipped, having facilities such as work stations and conference call accessories.

Purchasing office space in Gurgaon is considered to be a profitable business investment, which can yield good returns in the long run. Big real estate developers in Gurgaon have led to a commercial real estate boom, by offering modern amenities and the best infrastructure available in these times. From high class building, industrial and commercial spaces, IT office spaces, retail spaces, shops, plots, huge malls, builder floors, commercial locations and rented properties; Gurgaon has everything that makes it a commercial hub with world class facilities.

City Centre Gurgaon boasts of world class architecture, along with close proximity to Indira Gandhi International Airport, which has made the city into a commercial real estate favorite for foreign investors and industrialists. Vatika in Gurgaon, offers commercial spaces that are created keeping in mind that every business set-up has its own individual needs and requirements. These office spaces are conveniently situated at major business locations, providing easy access for your business.

Top 3 Factors to Consider While Determining the Value of a Commercial Property

Posted on January 23, 2015 by

Although commercial properties are abundantly available in different parts of Gurgaon, you should choose to purchase one, only after evaluating its value. Read on to know more about the determining factors of a commercial property for sale.

16psover_One-India-Next-LOGOGurgaon is one of the favored destination for commercial real estate developers. Among the various commercial projects, Vatika INXT’s One India Next is one of the highly sough-after commercial projects in the millennium city. However, if you are willing to buy a commercial property in Gurgaon, the first thing you need to do is, determine the value of the property. You can ask your property owner to provide you with the profit and loss statement of the property for sale. There are simple formulas that you can use to decide whether a particular office space in Gurgaon will be a profitable option for you or not.
Let’s have a look at the three factors that will help you determine the value for your commercial property.

  • Calculate the net operating income the property generates each year: You can figure out the worth of an office space for rent in Gurgaon on the basis of the amount of net operating income that the property derives each year. Remember, with each additional profit on annual income, the value of your property will get increased by a good margin. However, the value also depends on the location and condition of the property. It is to be noted that you can get extra net income from your property by efficiently reducing the maintenance expenses.

  • Check the rent roll: You can ask for the rent roll in order to verify the income of a commercial property. The rent roll can help you understand the renting purpose of a commercial property as well as the total income generated from the property. Ensure that the owner or broker of the commercial property provides you with the actual rent roll. It is likely that they may try to give you a fake rent roll instead of the actual rent roll just for selling the property.

  • Make use of escape clauses to avoid risk: This is perhaps the best way to avoid loss if you have any doubt regarding the benefit from the retail space for sale. Try to make a purchase contract that allows you a time-period to close the deal if you are not satisfied. You can take the property on rent for a minimum period of 2-3 months so that you can have time to accurately determine its actual value.