Office space for rent in India

Finding The Right Space For Your Office

office space in saket

Both large and medium enterprises as the start-up agree on the need to find an ideal space for your office, as this can increase employee productivity and reduce business costs.

However, finding the ideal office can be quite difficult, so we have prepared a series of tips for you to choose an ideal space for your workers.

The first thing that you will have to take into account is the configuration that you want to give the new workspace, and there are many options available.

If you are looking to increase teamwork such as start-ups, co-working office space in DLF cyber city-Gurgaon may be an interesting option. This option allows you to have a predetermined price per month and a flexible contract that can range from one month to a full year.

Thanks to coworking you can have access to desks, Wi-Fi connection and some snacks. However, you will have to pay a little more to be able to access a printer, meeting rooms or more equipment.

On the other hand, you can opt for shared office spaces in Jasola, which function like cooperative work centres. The difference with the latter is that a host company occupies the space and they have decided to rent their excess spaces.

In this way, the number of companies in the property depends on the number of desks available. In addition, some shared offices function as executive suites with reception services, kitchen and private spaces.

You must bear in mind that the rental contracts of this type of configuration are less flexible and you must rent the space for a minimum of one year.

Another option available in the market are exclusive office buildings. This typology is always a good option for medium and large companies that need large spaces, since they have a certain number of employees.

In addition, this type of property also helps to build the brand of a company, since they are usually corporate and representative headquarters.

Another aspect to take into account is the electricity contract that you are going to have in your new space. This aspect is of utmost importance, given that a large part of a company’s budget is used to pay electricity bills.

For this, it is necessary that you take into account the current regulations on the discharge of light in premises. Other aspects to take into account when choosing the space for your office are:

The location: Since the cost of the rent and the access of workers, customers and suppliers will depend on it.

The design: It is not the same to choose an open space or to prefer cubicles, since this will affect communication between employees. Open spaces encourage collaboration.

The use: The functionality of your workspace to adapt to your needs and way of working.

4 Received Ideas About Office Renting

Our phone calls, face-to-face exchanges, and e-mail led us to hear a lot. Between false truths and true lies, clichés and received ideas, let us decipher together four accepted views on the rent of office space in Connaught place.

# 1 – “I do not understand why a 9m² office costs so much while I pay the same price for my 40m² apartment in the suburbs.”

The real estate housing markets and the real estate business are very different; it is not very easy to navigate. Especially when looking for offices for the first time. Taxation, legal and administrative procedures, fixed costs, etc. are more restrictive for the owner of a workspace. Also, a local business represents a more significant investment. Both regarding furniture (prices are up to 10 times higher than those for home appliances) and Internet providers for example (professional packages are systematically more expensive).

# 2 – “Your offices seem expensive. I saw a local three times cheaper and three times bigger in the agency.”

When looking for offices, you have to pay attention to several points before making an engaging decision. Especially if it’s the first time. Three main factors affect the price of an office: its geographical location; the services offered and the flexibility of the rental contract.

First, it’s easy to understand that a downtown office will cost more than an office in the middle of the countryside.

Then, a local rented naked will obviously be cheaper than an office equipped with furniture, internet connection, meeting room and so on.

Also, the flexible nature of a lease is of vital importance: the rent of a lease workspace with a commitment of 9 years (or lease 3/6/9) will be cheaper than its monthly rental. Just as it is more expensive to rent a hotel room than an apartment.

Finally, the trap to avoid is to rely only on the cost of a rental: a leasing office 3/6/9 may have low rent.

# 3 – “I open my business center, I put workstations in my box, we sell printers.”

Beware of vocabulary errors. If the service contract that binds you with the company(s) you are hosting is not regulated by the law, do not be mistaken: unlike a sharing approach for to reduce its costs, the provision of workspace for profit is a regulated activity.

Indeed, offering a third company to occupy part of your premises does not make you a business center, this status is reserved for companies whose business is the rental of equipped offices and the provision of services additional services (secretarial services, domiciliation, reception and postage of mail, commercial domiciliation, etc.).

If you want to make your office space in India available for professional use and make a profit, you will need to obtain an approval issued by the competent authorities.

# 4 – “The bigger it is, the better … I’m looking for a 100m² office … We’re two …”

When one starts one’s activity, and one looks for one’s first premises, it is easy to disperse.

Indeed, it is often considered the necessary area is taking into account the common areas, the kitchen, the relaxation area, etc. However, in the context of a flexible rental, we reason more in some positions or m² of office.

A Quick Look at Property Registration Procedure in India

Whether you buy an IT office space in India or something as grand as kothis for sale in Gurgoan, property registration is absolutely crucial and perhaps the only procedure that validates your purchase. Most importantly, the valuation and the legitimacy of the property also increase by leaps and bounds. One would certainly not like to find out one fine day that the property they invested in turns into nothing but a bad investment. Therefore there are few factors that investors must keep in mind when they purchase property in Delhi and National Capital Region. These are:

Property verification- The first of the major processes that are to be done is property verification. Buyers must ensure that they have all the information with regard to who the property belongs to, whether or not it has been mutated and free from any litigation. Since the major real estate market in Delhi and NCR undertaken by real estate agents in Noida, access to property papers is possible only through them. Entitlement to the property for the new owner is possible only when the previous owner has transferred all the property papers.

  1. Estimate value- In order to make the property deal fruitful on monetary grounds and to get a fair price for your property, it is important that the prospect estimates the value of the property. Since the price bracket of the value of apartments for sale in Delhi and NCR is wide, the budget of the prospect is likely to go anywhere but up. Value estimation also helps in ascertaining the stamp duty for the property, a legal obligation whose percentage is based on the property value. The real estate agents in Gurgaon can also help in these procedures since they have a huge database that can be beneficial in analyzing the property value.
  2. Purchase of stamp papers- All the legal procedure to buy, sell or rent real estate in India is completed by the purchase of stamp papers. Non-judicial stamp papers are used to write down all the information with regard to the property location, information about buyer and seller, the amount for which the deal has been inked for.
  3. Property registration- The mere documentation of the property on stamp paper alone won’t validate the property. It must also get the authorization of the government’s land registry department. Hence both the parties involved in the purchase of an office space in Noida or any real estate for that matter must approach the sub-registrar office for submitting the deed for registration.
  4. Completion of registry process- The registration process of property takes seven days on an average, following which the buyer can approach the sub-registrar’s office to collect the original sale deed. To cross-examine the papers you can check the data of the sub-registrar’s office to obtain the registry details.

In view of the rising number of property deals and subsequent transactions, many real estate agents in Delhi have also extended their support to the buyers to get a property that is free of dispute and legal to own in all counts.