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.