General Tips to Save Money on Office for Rent

You must have heard more than once that location is most important when it comes to business. To find the best and most suitable location should always be your priority when looking for an office space. To choose the right place for your office space takes into account the nature of your business. There are some ways to find and obtain the perfect location and they are.

You can hire a real estate professional especially if you are trying to find an office space in a town new to you. If you are in a city with which they are familiar and to feel confident that you can choose the right office space for your business, you can start by putting an ad in local newspapers and also search through existing advertising. The budget is allocated for office space will play an important role and help you narrow your search as well as determine the size of the office space you have in mind.

If you get to choose between the size of office space and location, then you must give priority to the location and attract more business which will allow you to expand and get a larger space. Depending on the nature of your business, you may also find the best spaces through commercial real estate agents, executive suites and office space for commercial purposes.

Today there are alternatives that allow SME's to begin operations as soon as possible, without investing much capital in infrastructure. Offices for rent have proved to be the great option.  The market experts have noted that many small and medium companies that could not survive in the market, not because their business model is not proven, but because entrepreneurs have to invest more than 50% of their capital infrastructure in hiring commercial spaces for rent. Clearly, operating costs significantly exceed revenues.

According to experts, one of the most serious and frequent errors committed by entrepreneurs is exaggerated in its first office equipment to perform their activities. In most cases there is a professional assessment of the needs of business. Taking office rooms on rent is an option which allows you to experience the operation and utilization of all areas in corporate spaces at a lower cost to rent the offices of the traditional type.

Undoubtedly, the service providers offer offices for rent which are comfortable and safe and also fit your needs. You can contact the real estate agents with the help of your friends or acquaintances, so that you do not end up giving money to someone who is fake.

In India there are different concepts where spaces are available for creative professionals, advertising and audiovisual industry. There are also companies that deal in providing virtual commercial spaces to the companies. One of the biggest advantages of such virtual spaces is that they can reduce costs of infrastructure by up to 60% and set standards for all staff employees of the company.

Apartments in Chennai – A Quick Look

A major hub of economic, cultural and commercial activities, the coastal city of Chennai of late has witnessed unprecedented growth in the real estate sector. Along with the IT revolution a huge populace migrated to this city resulting in a demand for more residential spaces. Real estate entrepreneurs turned towards Chennai and the city saw a rapid development in the real estate sector. As numerous single professionals increased, a demand for accommodations, especially apartments increased. Real estate entrepreneurs realized and used the opportunity to construct residential properties, catering to the needs of all kinds of buyers. 

1BHK Apartments

Since the IT revolution swept Chennai, single professionals of the city increased rapidly. So, in order to cater to the demands of such individuals and small families comprising only two or three members, many new residential assets came into existence. They ranged from budget accommodations to luxury studio apartments.

The table given below highlights some the major projects in this category.

Location	Area	Price	Amenities
Siruseri	765 sq.ft	Rs. 22 lacsappx.	Prime location
Porur	600 sq.ft	Rs. 26 lacs onwards appx.	Lush greenery around with all modern facilities
Medavakkam	588 sq.ft- 948 sq.ft	Rs. 24 lacsonwards	Basic modern facilities
Mogappair West	637 sq.ft.- 1165 sq.ft.	Rs. 27 lacs onwards	Excellent parking facilities

Most properties comprising 1BHK has been in high demand along with an increase in price per square feet.  

Studio Apartments

Of late, the concept of studio apartments has come up in Chennai. However, due to certain cultural coding, builders have begun to market the same under the name ‘matchbox houses’. A real estate developer,Doshi Housing has come up with around 20 studio apartments ranging from 275 sq.ft. to 400 sq.ft. Such accommodations have started mushrooming since they are most preferred by single professionals. The graph given below shows the growth of real estate in Chennai.

A recently developed hub of multifarious activities, Chennai has loads to offer when it comes to apartments.

Give your Apartment a Monsoon makeover

The Monsoon has arrived and most of the days it is dull and gloomy. Humidity is high during the rainy season and there is a feeling of stickiness. Even the interiors of your house give a sad look. The residential properties in Mumbai give a dull appearance during monsoon. It rains continuously throughout the day making your take refuge indoors.

To make the interiors attractive, why not use warm colors. The Real Estate of India is booming and an apartment in Mumbai city costs a bomb. Give your apartment in Mumbai a quick monsoon makeover with these interesting and easy tips.

Warm color tones make the interiors look bright and your feel comfortable. To overcome the dullness of weather outside, do your house interiors this monsoon. If you cannot change the entire house/apartment set-up, do a wall of your living room or bedroom. Create a harmonious effect with warm color tones. Change the wall paint of a single wall with a brighter shade of yellow or green. You can also save money by pasting wallpaper instead of painting. This will save time and give a quick change of interior.

The dark and dull weather outside means less amount of sunlight inside, but proper lighting can change the interiors of your house. Whether you are staying on rent or have a personal property in Mumbai, correct lighting can do the trick. Buy a lampshade with yellow lights. There are many types of lampshades available in the market. From crystal chandeliers to paper lamps, the interior market is flooded with options. Buy one according to the interior of the house and your budget. Gone are the days when people only used tube lights. With many new companies introducing a variety of lighting solutions for your home your can make the most of the innovative lighting products.

Add some plants to your room. This will also give a brighter appeal. Use these simple and easy tips to give your property a makeover during monsoon.

Good Infrastructure boosts India Property Rates

A good Infrastructure is crucial to increase in demand of realty market. It is witnessed that places where there are good infrastructural facilities in the country, properties prices have shot up. Property in Gurgaon is a good example. The presence of international airport near Gurgaon has led to the growth and development of the city. Residential and Commercial property prices have shot up.

Airports are very important part of the infrastructural projects. Presence of an airport in the city definitely gives stimuli for development of micro markets. Existence of airport or scrapping of it has far reaching impact on the real estate of that place.

India Property is giving two classics examples are the properties of Greater Noida and Navi Mumbai. Announcement of the proposed airport has lead to price rise in these two cities. The entire infrastructure of Navi Mumbai is expected to witness a paradigm shift.  For the greater Nodia property prices where the proposal of an airport was cancelled shifted, land values will slow down.

Properties in Mumbai, especially the Navi Mumbai has significant improvement. The announcement of airport has raised the realty prices of this new developing region. Along with the airport, there is also a proposed metro rail project in this region. These infrastructural developments have attracted real estate companies, property developers and investors. Many well-known developers are planning and initiating commercial and residential projects in this area. New projects are coming up near proposed airport location.

The development of area in the Greater Noida area would take place have the proposed airport plans were effective. But the cancellation of the airport in this region will in the future reduce the interest of developers and investors. The greater Noida region would have a parallel economy and would be the hub of many industries, like Gurgaon. The real estate picture of India Property, Gurgaon is amongst the top. The nearness of international airport from Gurgaon makes it the center of business and commercial activities in the Delhi-NCR region. 

India Property

Real Estate of India is witnessing a demand in commercial and institutional properties in all the major cities of India. India Property market for the rental segment is also recording an increase with residential and commercial growth. Residential rental markets in cities like Mumbai, Bangalore and Delhi-NCR is showing an upward graph. And the commercial rental market in stable in the Indian Property scenario.

The city of Pune witnessed a growth in the realty market as other sectors developed. There was a rise in demand in residential market in this city as migrated population in the city kept on rising, mostly because of work reasons. Even the commercial space rented by offices and retail units are doing a good business in Pune.  

In a recent property report in Pune, the retail realty market in Pune has recorded a stable retail segment. The mall space supply in Pune stood at 2.27 million square feet.  The city is expected to have about one million square feet by the second half of 2012 or early 2013. In the report, the overall India Property retail place was about 20%, which is marginally higher than last quarter.

For other cities of India, the high streets shops have recorded are high increase in rental value as against the malls there. The result reflected the retailer’s interest in high street properties in India. The property in Pune and Gurgaon saw a rise in rent in the high streets shops, about 7 to 8 %.

The rental Property in Pune for the malls were stable as there was sizeable vacancies. For the same, the high streets of MG Road and JM Road in Pune witness an increase in about 8% rentals. This was because of lack of space options. The report also mentioned that the overall vacancy rates of mall are likely to fall as the rentals will remain stable.

Demand of NRIs for ready to move Chennai Properties

Properties in Chennai are getting attention of the NRI buyers. The volatile condition of rupee against US dollar is taken advantage by the Indians residing in the US. Chennai real estate market is pulling the NRI investors and they are investing the market like never before. The realty market of the city is becoming 20% more affordable for the NRIs due to fall in rupee price. Leading property developers of the city is saying that they have witnessed a jump in enquiries.

According to many sources from the real estate market, the NRIs are looking for residential units in the city. Many prefer to buy ready to move residential apartments in Chennai. The NRIs buy these flats for their relatives or parents. These residential purchases will help them get periodical return on investment.  To buy ready to move residential properties in Chennai they are willing to buy at extra premium. Mostly prefer projects located in and around the city. Price range of residential units mostly in demand is from Rs 30 lakh to Rs 1 crore. This price bracket is for apartments in Chennai. Some NRIs also prefer to buy villas and plots in and around the city.

Many realty experts feel that the preferred locations for investment in the city are ECR, OMR and some parts of Velachery. Besides the falling rupee, other factors that contribute to the rising demand of properties in Chennai are competitive lending rates of overseas financial companies and favorable exchange rates. Majority of demands are from NRIs settled in USA. These NRIs have good credit history and sometimes get loans at zero percent interest rates.

Chennai property in demand

Located in the southern part of the country, Chennai is the biggest supplier of workforce to the cities like Dubai and USA. The city is known for its intelligence and the positive work culture adopted by the people there. Having the base of many automobile and IT companies, Chennai also provides many work opportunities to people from across the globe.

 Because of a number of IT companies coming into existence in Chennai, the demand for the commercial and the residential property is also growing. Also, the downfall of the value of Rupee in the global market has come up as a great opportunity for the NRIs and other foreigners to invest in the Indian property. The depreciation of the Indian currency has benefited the NRIS/ PIOs with the Indian real estate getting 20% more affordable to them. 

The flats, studio apartments, services apartments, houses for rent all are available in Chennai, with both the ready to move and the normal housing facilities. The infrastructures of the houses in Chennai are also very advanced and provide high living standards to its residents. The foreigners investing in Chennai properties mostly prefer ready to move homes or pre bookings for the projects coming up in future. Taking property for investment purpose is yet another motive of the NRIs which acts as a great support for their children future. The easy availability of home loans in different banks of the country is also a very positive thing which is helping people invest in the Indian property. 

This is somehow benefiting the property dealers also, as it is letting their business go and is inviting more of foreign currency to the country. This currency can be used in future for high end purposes by the government and other public sector units of the country.

Pisoli- the next residential destination!

Villages now –a- days don’t come under the rural area category. The fast and the speedy development of many areas in India have resulted in redefining the global status of the country. These developments have majorly been witnessed in the form of infrastructural growth leading to a high rise in the real estate of India. Not only cities have been turned into metropolitans but, the small regions and villages are no more considered as villages. The infrastructure and the sky rocketed buildings situated in different parts of the country has given it the shape of a cosmopolitan. The growth in the number of flats , residential properties, offices, bungalows, services apartments, has resulted because of the increasing demand. 

A new area with high residential growth is coming up which is located on the Mumbai- Pune bypass. Pisoli, a small village is all set to fulfil the property demands of people hailing from Mumbai and Pune regions. People looking to invest in Mumbai properties, 2bhk flats in Pune can easily look for options in the Pisoli region. The location of the region is also easily accessible and is well connected to the main centres of Mumbai and Pune. Also, the properties here are affordable and would suit the pockets of a common man. 

Pisoli has grown up really fast in only a decade from just a farmland to a fully grown city. The area is sure to act as a great saviour for the people looking for Indian properties in the nearby areas of Mumbai and Pune. Also, its connectivity with both the cities is a positive factor which is adding on to its demand. Though, public infrastructure and water supply are the major problems faced by the people in Pisoli but, as per the sources the government is going to look into the same very soon.