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The office is a place where your business flourishes, so the decision of choosing an office space becomes an important one. One of the main concerns many people have is whether to rent or buy office space in Pune, Mumbai, Delhi, etc. Actually, the decision of buying or leasing an office space would depend on several factors. However, here we will focus on the advantages of buying a property.

The first advantage of buying business property in Pune, Delhi, Mumbai, etc., is that the value of good properties always increases with time. This will give you the opportunity to sell it at a price far better than what you bought it for, thus gaining profit.

A self owned property is a great way to have a second business and also increase your profits. If you have extra space in your office, you can easily rent it out to different companies. There are many small companies that are looking out for business property for rent in Pune, Bangalore, Mumbai, Delhi and other such cities. Many companies have profited with this system.

Most people buy office space on loan. Most of these loan payments are long termed and have fixed rates. This way, you do not have to worry about sudden increase in these rates. Also, most of these loans come with tax benefits, thus contributing to your tax deductions.

As it is your own property, you are free to remodel and renovate your office space as and when you feel. You do not have to ask anyone's permission to do so.

Another thing is that you do not have to worry about relocation. If you are comfortable with the office space and like the surroundings and other facilities, you can stick to the place for as long as you want.

These are some of the benefits of buying office space in Pune, Bangalore and other such cities. However, before you invest your money on a business property, research well about the place, locality, facilities, rates, etc. Consulting your lawyer and accountant about the same is also beneficial. Investing on a business property is certainly a huge decision and hence you must do it wisely.

People on the lookout for commercial property are usually confused as to whether to buy or rent a place. Most people with small businesses opt for renting a place, mostly due to lack of finances to buy one. Experts are of the opinion that renting office space is definitely a good idea, especially for startup companies. There are several advantages of taking commercial space for rent in Pune, Mumbai, Delhi and other metropolitan cities.

Pros of Renting Commercial Property

The upfront cash that you have to pay for renting or leasing a commercial property is far less than while you are buying a place. By renting, you get the opportunity to spend some money on business development. Also, you can choose to rent an office on a prime location that may be impossible for you to buy at the current stage.

When you take a commercial space for rent in Pune, Mumbai, Delhi, Bangalore, etc., you have the option of relocating in a short time, if need be. There are chances that your business prospers and your staff size increases. In that case, if it is your own office, selling it and then moving out would take a lot of time. In short, renting office space is less risky than buying one, as it allows you to move out of the place without thinking about selling the old space.

The purchase of commercial property comes with lots of legal paperwork, which requires the help of a professional who has to be paid. This increases expenses. On the other hand, renting a property requires minimum legal work, thus helping you to save money.

By renting commercial property, you have more time to focus on your business rather than spending time concentrating on your property. As a tenant, you do not have to worry about the maintenance of the office space. Moreover, the money that you pay for rent can be shown as business expenses.

These points highlight the benefits of taking a commercial space for rent in Pune, Delhi, Mumbai, etc. Research well about the area and the owner of the office space before you sign the lease contract.

If you are running your business in a rented office space for a long time, you may think that it is time to buy your own business property in Pune. This is definitely a big decision, as it involves the investment of huge amounts of money. So it is important to take the decision only after lot of thought and research. Here are a few tips that will help you to buy business property in the city of Pune

Location: Location is the key when it comes to buying office space. Your office should be located in a place which is easily accessible to your customers, employees and associates. If your business is related to marketing, accounting, fashion designing, etc., a property in a commercial area would be apt. However, if you are into manufacturing of products, it would be best to buy a property in an industrial area.

Parking: Ample parking space is another factor that you must consider when buying business property. If you buy a huge space for your office but no parking space, it may cause a problem for clients and employees who travel in their cars. Even if the basement of the building does not have much parking space, make sure there is space in nearby areas.

Business Opportunity: It would be a good idea to buy a bigger office when buying

business property in Pune. Once you have accommodated your staff, you can give the rest of the space on rent. This is a great opportunity to earn some extra income.

Maintenance: When buying office space for your business, you must check out the age of the building and whether any immediate maintenance is required. If the building is very old and you cannot start using it without doing any major renovation, it would be better not to go for it. This is because you are already investing large amounts of money for buying the property, renovating it would add to your expenses.

These are some of the things that you must remember while buying business property in Pune. Your mode of payment is also another thing to consider. You can buy the property by paying a lump sum amount or through mortgage. If the interest rates of mortgage are too high, buying through lump sum amount payment would be best. On the other hand, payment through mortgage also has advantages. It can decrease tax liability for the buyer. The decision of the mode of payment should be done only after consulting your accountant and lawyer.

If you are running your business in a rented office space for a long time, you may think that it is time to buy your own business property in Pune. This is definitely a big decision, as it involves the investment of huge amounts of money. So it is important to take the decision only after lot of thought and research. Here are a few tips that will help you to buy business property in the city of Pune

Location: Location is the key when it comes to buying office space. Your office should be located in a place which is easily accessible to your customers, employees and associates. If your business is related to marketing, accounting, fashion designing, etc., a property in a commercial area would be apt. However, if you are into manufacturing of products, it would be best to buy a property in an industrial area.

Parking: Ample parking space is another factor that you must consider when buying business property. If you buy a huge space for your office but no parking space, it may cause a problem for clients and employees who travel in their cars. Even if the basement of the building does not have much parking space, make sure there is space in nearby areas.

Business Opportunity: It would be a good idea to buy a bigger office when buying

business property in Pune. Once you have accommodated your staff, you can give the rest of the space on rent. This is a great opportunity to earn some extra income.

Maintenance: When buying office space for your business, you must check out the age of the building and whether any immediate maintenance is required. If the building is very old and you cannot start using it without doing any major renovation, it would be better not to go for it. This is because you are already investing large amounts of money for buying the property, renovating it would add to your expenses.

These are some of the things that you must remember while buying business property in Pune. Your mode of payment is also another thing to consider. You can buy the property by paying a lump sum amount or through mortgage. If the interest rates of mortgage are too high, buying through lump sum amount payment would be best. On the other hand, payment through mortgage also has advantages. It can decrease tax liability for the buyer. The decision of the mode of payment should be done only after consulting your accountant and lawyer.

It's time to expand your business and move out of your home office. Yes, it is a major step and hence should be taken with care and caution. As you are stepping into the world of business for the first time, it would be best to rent a commercial office space in Pune, Mumbai, Delhi or whichever place you are working in. However, even if you are renting an office space for your business, there are several factors that you have to consider. One of the most important among them is the location of your office.

The ideal location for your company would depend on the type of business. If you have a service business, for example, plumbing, painting, pest control, etc., the location of your office would be of least importance. This is because very few of your customers would actually visit you. In this case, you can look for an office space that is cheap. However, IT companies, law firms, engineering consultancies, etc., need to focus on the location factor while looking for an office space for rent.

If you have a business that sees lots of visits from clients and customers, a prime location is definitely a must. Your office must be located in such a place where it would be easy for your clients to visit easily. If your office is situated in an area which is difficult to access, there are chances that you may lose on your client list.

It is important to consider your employees while renting commercial office space in Pune, Mumbai, and other such cities. Choose an area to which your employees can travel easily. Check out whether the public transport system is strong in that area.

Other than that, it is also important to select a place that has a safe neighborhood. You and your employees would be spending more than half the day at the office and hence it is important that everyone feels safe not only while working but also while commuting to work and back home. Another thing that you must consider is whether the area has good amenities like restaurants, pharmacies, banks, stationery shops, etc.

You may find it difficult to find an ideal location that suits your budget. The key is to set your priorities right and keep looking. You understand your business best and would know what would be the best thing for it. So, choose wisely!

You have found the perfect business property for rent in Pune, Mumbai, or whichever city you work in. But before you sign the agreement papers in joy, there are several things that you must consider. This is because a rent agreement is a legal document and can cause you legal consequences if you are not careful. With that note, let us take a look at the things to consider before renting business property in Pune, Mumbai, or any other city in India

Read: One of the common mistakes many people do is not read the document properly. This would be a grave mistake as it is not necessary that the terms that you have mutually decided are spelled exactly in the same way. Read the document from one end to the other without leaving even a single word. Check details like start date, lease termination date, renewal terms, rent, annual increase in rent, etc. When you are clear about all these details, only then sign the agreement.

Negotiate: There is no rule that says you have to agree with everything that is spelt out in the agreement document. The first document that you receive would mostly be in favor of the landlord. While reading the document, make note of the things that you do not agree upon and also what you do not understand. You have the right to send the document back with your suggestions. Many landlords are flexible enough to consider most of the changes suggested by you.

Lease Expiry and Renewal: A very special focus should be given to the lease expiry, renewal and exit plan clauses. Most agreements for commercial space for rent in Pune and other cities are for more than a year. Check the date of expiry as well as the renewal policy. Also, check whether there is any exit plan clause. It would be better to include this if for any reason you would want to move out of the office space before the agreement expires. Most exit plan option includes the tenant to provide a notice period for a month or two.

Security: Most landlords expect a security from the tenant in place of the property, and this is not a fixed rate. However, it is possible to negotiate this. So do not agree on whatever the landlord asks in the name of security. Also, you can provide the security for only a portion of the rent term, for example, for a few years, according to the term of rent.

Apart from the above given points, you must also find out details like what are the facilities that are covered in your rent, whether you can renovate or make changes in the structure or design of the office space, whether you are responsible for the maintenance of the property, etc.

Ensure all these terms are clearly elaborated in the rent agreement. This will ensure that you do not have to face any legal hassles in the future.

Choosing the right office space for your business is an important decision. The right office can boost the growth of your business. However, many businessmen consider this decision to be a difficult one. A wrong decision can cause you to lose a lot of money. Hence, it is necessary to consider some crucial factors while choosing the right office space in Pune, Mumbai, and other such cities.

Office Size: Determine how much space you would require to set up your office. Going office space hunting without this idea is pointless. Moreover, there are chances that you may go for an office space that is too small or too big. If you get an office that is bigger than you require, you are actually wasting money. Check whether the space is enough for your official requirements. Consider factors like number of employees, expansion plans, number of conference rooms you would need, etc., before signing the office space contract.

Budget: Budget is another factor that you have to consider. Whether you are buying or renting office space in Pune, Bangalore, Mumbai, etc., money is something that you have to think about. Research about the prices of office spaces in your city. Internet would be a good place to know about these things. Also, check out several spaces before you take the final decision. This would help you to make an intelligent decision.

Location: Location is said to be another crucial factor while looking for an office. Having an office area in a prime location, an area which is closer to your customers as well as suppliers, would be great. However, you also have to be flexible when it comes to location. A prime location would not be perfect for your business purposes. Evaluating these details is crucial.

When you get the perfect office space for your business, you may have doubts about whether to buy or rent it. This would depend on factors like you budget, expansion plans, etc. Each option has its benefits and demerits. Weigh the options well before selecting the perfect office space in Pune, Mumbai, Bangalore, etc.

If you are planning to rent an IT office space in Pune, there are several things that you have to know about. Pune is a city that has many IT companies, which has given rise to several commercial office buildings in and around the city. Due to this, finding an IT office space on rent in Pune would not be difficult. However, there are some important things that you ought to consider before deciding on an IT office and signing the lease agreement

Location: Location is definitely one of the many crucial elements for an IT firm. Most IT companies have clients visiting them on a daily basis, and hence it is important that your office is not in a remote area. Also, you should rent a space to which your employees can commute easily. An office at a prime location is one of the important factors that people consider when choosing a job. For all these reasons, rent an IT space that is in a good and accessible location.

Space: Space is another important factor that you have to check while renting an IT office. The space would entirely depend on the number of employees in your company as well as the expansion plans you have for the future. Normally, an IT company should have one or more conference rooms, several work stations, rest rooms, canteen or pantry, etc.

An ideal work station should be 175-250 square feet per person. For the conference room, consider how many people, on an average, would be accompanying the conference room at a given point of time. Ideally, a traditional meeting or conference room should have the space of 25-30 square feet per person. If you want to create a meeting room in a theater style, 15 square feet per person would be enough. For the reception area, you may need 300-350 square feet if you think that there would be continuous flow of people waiting at the reception area most of the time. All in all, choose a place that is spacious and allows enough room for people to move and work comfortably.

While location and space are two prime elements that you must consider seriously while taking an IT office space on rent in Pune, there are some other things that you should take into account. The rent amount, age and condition of the building, neighborhood, parking area, etc,. are some of the things. Renting an office space near other IT companies is also ideal.

Hopefully, these tips would be useful for you in the process of choosing an IT office space for rent in Pune. All the best for your search!

If you are looking for commercial property on rent, it is important that you know about the different types of commercial properties that are available. Commercial properties can be defined as those properties that are intended to bring income. While most people think that only office buildings come under the tag of commercial property, it is not actually true

Industrial property warehouses, retail stores, malls, medical centers, etc., come under the term of commercial property. So before you look for commercial property in Pune, Delhi, Bangalore, Mumbai and other cities of the country, take a look at the different types of commercial properties.

Office Space: Office building and complexes fall under the category of commercial property. Office building comprises of a building which is entirely used as office space, which is usually a single tenant space. On the other hand, a complex consists of a cluster of office spaces. The owners rent out the property to various companies. You can choose from an entire building or a space in the office complex, according to your requirements, current staff, and future plans for your business.

Industrial Space: The next category would be industrial property, sometimes also known as warehouse property. Industrial properties are used for heavy manufacturing, light assembly, flex warehouse and bulk warehouse. Heavy manufacturing is a type of property that includes the manufacturing of heavy machinery, while light assembly includes structures that are used to store light manufacturing properties. This type of industrial space is usually used for product assembly and storage. Many times, it even has an office space.

Retail: Retail is another type of commercial property. This includes huge shopping malls, single shops, large grocery centers, small shopping centers, etc. Restaurants and coffee shops are also included in this section of commercial property.

Land: Land would be the next category of commercial property. Land can also be classified into three sections: Infill, Greenfield, and Brownfield. Infill is usually a developed, but vacant land located in the city. Greenfield is underdeveloped land, usually a farm area; while Brownfield land is land that has been previously used for commercial or industrial uses.

These are some major types of commercial property in Pune, Mumbai, Delhi, etc. Another category would be the miscellaneous section that includes hospitality, hotel, and medical structures. With the information on types of commercial property so clear, surely it would be easy for you to select one that you want to rent for your specific business purpose.