These areas gain popularity not only because it has such a best commercial space but all people prefer to own it for their living. Where people on one hand are finding a retail space in Noida, there are also many people who are trying to grab a best place to live a comfortable and luxurious life with their large families. It gives its residents the best opportunity of enjoying the pleasure of malls, hubs and cafeterias that the NCR region offers. With improved infrastructure, availability of all the required basic amenities and with availability of Delhi Metro, Noida has surely become the best sought after commercial places. Therefore, there is no fear to invest either in the commercial office space or in any other suitable property in Noida.
Are you planning to expand your business? Are you finding a commercial space for that? Well, you don't need to worry about it anymore. The good news is that now you have many good opportunities so as to own it and use it for the best purpose. Now, you can get a proper commercial office space for you in the national capital region of New Delhi, i.e. Noida. This has always been in a great demand and of course a preferred destination for office spacing among a large number of people, mainly who are engaged in corporate sector. Noida has a lot to offer as it is one of the best commercial hubs of India. As we all know, India is rising rapidly in IT sector where Noida is the main operational centre behind this success. The already reputed companies present here makes the other people to add value to these commercial spaces. That is the reason why Noida is known for its most happening location in India.
These areas gain popularity not only because it has such a best commercial space but all people prefer to own it for their living. Where people on one hand are finding a retail space in Noida, there are also many people who are trying to grab a best place to live a comfortable and luxurious life with their large families. It gives its residents the best opportunity of enjoying the pleasure of malls, hubs and cafeterias that the NCR region offers. With improved infrastructure, availability of all the required basic amenities and with availability of Delhi Metro, Noida has surely become the best sought after commercial places. Therefore, there is no fear to invest either in the commercial office space or in any other suitable property in Noida.
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Businesses buy or rent retail space in Noida for its affordable rates and better facilities. They do not want to buy property at higher rates in Gurgaon or Delhi. Real estate market in India has made faster recovery from financial crisis than expected. The recovery period was expected to take a little longer, if market reports were anything to believe. It is a great sign for investors who have spent the last couple of months doing nothing. They’re waiting for things to change. Retail space in Noida has become a preferred option. There is a huge demand for commercial space in the market. Entrepreneurs want to set-up operations at a business centers equipped with modern facilities. Top commercial business centers offer space at attractive rates. Real estate market in India has made faster recovery from financial crisis than expected. The recovery period was expected to take a little longer, if market reports were anything to believe. It is a great sign for investors who have spent the last couple of months doing nothing. They’re waiting for things to change. Retail space in Noida has become a preferred option.
There is a huge demand for commercial space in the market. Entrepreneurs want to set-up operations at a business centers equipped with modern facilities. Top commercial business centers offer space at attractive rates. Facilities, Location and Rates Businessmen want the right location. They’re willing to pay an extra amount to secure the right location. They've diverted the attention to retail space in Noida as Gurgaon and Delhi have become too congested for their liking. Real estate developers have started offering extra facilities at the same price. Noida has become a preferred destination for several reasons. Gurgaon does not offer much scope to businessmen in terms of money and location. They do not have many options left but to spend huge amount of money to find the right commercial office space. They do not want to spend extra amount of money to buy an office when they can invest at a different location with higher return on investment. Rent or Buy Commercial Office Space in Noida Real estate developers have shifted the focused to Noida. They anticipated the change quite early and developed commercial projects in Noida. Major education institutions and IT companies have selected Noida over Gurgaon. They get better infrastructure, wide open roads, spacious business centers, modern architect and affordable rates to name a few. It offers everything what Gurgaon promised at one time before it became too expensive for small and mid-sized businesses. Finalizing the right office space Noida or any other location is not that easy as it seems to be. Each and every loophole varying from productivity to efficiency of the business has to be thoroughly considered. No entrepreneur can ever take risk of overlooking any of the imperatives as a slight negligence can result overall functioning badly. Whether you are in search for commercial office space in Noida or residential property, you’ll be spoilt for countless options to choose from. Ascribed are a few things that needs to be considered prior to finalizing a commercial space:
This is because absence of any of these might not affect you instantly, but as aforesaid it will surely affect working mechanism of your office in future. Thus, no matter you’ve already invested in properties in other locations or you’re investing your hard earned money for the very first time, it is advised that you should thoroughly scan via internet or ask your acquaintances about investing. It is a life time asset and thus, you cannot afford to compromise in any aspects. Institutional investors have become quite active in real estate market in Noida. It is an encouraging sign for the market. Small investors have also started investing in commercial properties in noida. They’ve taken a safer option by investing in real estate funds than making a direct investment. It is too early to take risks and make an investment without taking the services of an expert professional.
Noida has become a hub for outsourcing service providers in the country. It is the second largest market for outsourcing industry after Gurgaon. It offers lower property rates than Gurgaon or Delhi. Consult a Specialized Real Estate Firm Some real estate firms have specialized experience in commercial properties in Noida. They can help you find the right project. It is not about location or budget alone. You should know what kind of legal formalities are required to buy a property. This is the most challenging part. In most of the cases, investors lose money due to lack of knowledge shown at the time of making an investment. They lack expertise and far-sightedness to predict the future trends. Rent or Buy Office Space in Noida at Affordable Rates Businesses know the advantage of renting or buying an office at the right location. They have a doubt about getting the right office due to high market prices. Noida has become the first preference of small and mid-sized businesses looking to set-up a new office. The demand for office space in noida has grown by many folds in the last two or three years. Entrepreneurs consider it a better option in terms of rates and location. They can secure an office at right location without paying higher rates. Real estate developers have shown particular interest in Noida. They’ve capitalized on the demand factor and offered commercial space at competitive rates. The role of real estate brokerage firm cannot be overlooked in finding commercial properties in Noida. They’ve got experience and expertise to find the right project. It is very much important for you to choose a retail space for your business that is appropriate for your business. The suitability, freedom and the level of exposure are the things to consider when you choose a retail space in Noida. Retail space in Noida can be easily available for you to setup your business but make sure that you do not end up in getting a space that is of lower cost and do not do much favour to your business. When you are starting a new business a retail space with fewer amenities can kill your business such a space can be suitable only for the entrepreneurs who have already go established with their business. The price should not be the only concern for you when you are choosing the retail location. There are many other factors that need more consideration than this. The Way Your Space is Meeting with Customer Needs
You should know the way your customers are before choosing a space for your business to setup a commercial office space. The space that you are choosing should be able to fulfil the requirements of your customers. You can check whether the space that you are planning to choose is somewhere where your customers can reach out easily. There are certain areas which are good for your business to be located. It is always better for you to choose such kind of areas so that you get better business and much amount of profit out of it. Freedom for Setting Rules The commercial office space for your business should be chosen in such a place that allows you to make and implement your own rules. It should not in such a location where you are meant to follow so many restrictions and rules. When you are choosing the space in shopping centres or certain other complexes, you may need to restrict yourself in doing many things as that may not be suitable for their rules and limitations. The space that you have chosen should provide you with all the necessary freedom for setting up the space in the way you want it to be. It can be hard for your business to survive in certain areas with too many rules and restrictions. Good Exposure The retail space in Noida that you choose for your business should be located in such an area that you get maximum amount of exposure. This can help you in saving money that you need to spend on advertisements. Now a day’s we are seeing that rates of Properties in Noida are increasing day by day. Noida stand for New Okhla industries development authorities, According to name it developing industries with high speed. The National Capital Region (NCR) is among the most favorite property investment destinations in the India. Noida Extension and Greater Noida along the Taj Expressway are locations attraction considering for price-sensitive home buyers. The Noida Expressway area offers a slightly higher price range for Commercial space in Noida, with important ready-to-move-in units coming into the market this year. Gurgaon’s Southern border Road offers more luxurious apartment house options, while the Golf Course Road and regions in the region of it are a recognized high-end market. For investors with a long-term possibility, the Dwarka Expressway offers options from most major nationwide developers. Commercial space in Noida offers much investment option in the marketable segment — office buildings, IT SEZs, mixed-use improvement — with rental yields in the range of 9-10 per cent. According to Officials rates of the residential category will be dependent on the lease rent, the rates of which are hike. The New Year, on the other hand, offers a twinkle of hope as signs of a global revival are on the horizon. Interest rates are likely to be constant and, as developers focus on liquidity instead of earnings, home buyers can look forward to improved deals. Real estate experts have welcomed the shift and suggest that this is the greatest time for investment. On the same time they have criticized the previous policy of the government in hiking circle prices of properties in Noida.
The three cities are situated to witness a bounty of extra-large projects in 2014 including heliport, metro expansion, NMRC (Noida metro rail corporation) development, two new affordable accommodation projects, a state-of-the-art STP, a government inter-college for girls, building orders for a medical university, a single bed district hospital with trauma centre at City Center and sector 94 connection, a multi-level parking space able of cooperative 3,000 cars in sector 18, Night Safari and civic center etc. The target revenue for Gautam Budh Nagar (Noida) for financial year 2013-14 is Rs 1,536.60 crore. Till January, the department has only managed to earn Rs 1,083 crore. Officials said that in the earlier period few months the number of properties in Noida being registered has gone down due to the vertical hike in circle rates. Investment in commercial property is a very big decision and there are different benefits to get into commercial realty sphere. If you haven’t invested in new commercial properties, but you are willing enough then don’t think much over it as realty sphere is developing tremendously and you’ll be able to enjoy privileges of escalated ROIs. Though it’s not that easy as it seems to be, thus make sure that you take such a crucial decision of your life under assistance of a realty professional. Follow up are the different benefits that you can enjoy, post capitalizing in realty sphere.
a) No matter you have made investment in commercial property for accommodating your employees or you have your plans to re-sell the property, you will be able to enjoy privileges of escalated returns. Once you own office place, but you are not looking forward to sell it further, no issues…you can always enjoy privileges of leasing out the space. Leasing the space will guarantee you of assured monthly returns and ownership of commercial property will also be entitled to your name. b) Capitalizing hard earned money in real estate will add additional properties your investment portfolio. To put it frankly, when it comes to investment, majority of people think about investing in a residential property, as people find it a lucrativedeal. But investing in commercial propertiesis equally lucrative to invest in. Thus, always think overthese two prime advantages prior to capitalizing in commercial properties. Noida is famous for being the top commercial hub in country, and when we talk about the sector of commercial properties, Noida has a lot to offer in terms of commercial office space. In the historical aspects, Noida real estate has never been successful in delivering enough office space for the commercial projects as per the demand. The pace of project development was always a little less than the increasing demand for the commercial projects. However, this situation has improved nicely in the last few years. Now, the new businesses looking for a prime location in the city will find great options to select an office space from. The high availability of new projects in the city and the constantly improved connectivity within the city through all means of public transportation is drawing attention to the new companies for establishment of their new commercial projects. Among the recent massive developments, a renowned real estate builder Imperia Structure Ltd has developed many commercial office space projects in this vicinity which are getting good response from the buyers. These office space projects are some of the finest office space projects in the area and they are certainly defining the standards for the upcoming projects catering demand of office space in Noida.
Most of the commercial projects are getting developed in suitable locations to meet with the needs of clients, companies and their staff. The attention is kept to develop the project in an area where the transportation facilities are available 24X7. Great connectivity is always the top requirement for the real estate development in the commercial sector. Good infrastructural facilities in the nearby areas are yet another needed most sought after feature in a office space location. The developers of office space in Noida projects look for locations having plenty of amenities to offer, for the establishment of office space projects. If you notice the most successful and popular office space locations in Noida, you will find that most of these projects are developed in an area where all the facilities are suitably located for the residents and staff members. The office space projects are surrounded by plenty of lunch and shopping places in walking distance. For the people looking for a good nightlife, it is easy to spot a night club, bar or movie theater in the close proximity. In the prime locations of Noida, several hotels, shopping complexes, malls, and multiplexes are located in a suitable manner; making these locations perfectly suitable for the development of commercial office spaces. Noida is the most urbanized commercial center of India. Actually, the increasing number of mall complexes and offices has given a facelift to its suburban space as well. With the approaching of newer malls, IT complexes and multiplexes, Noida is on looking extraordinary growth in the commercial field. There are several corporations, which initially used to work in the metropolitan areas but are currently dispersing more in the border region. Because of its convenient connectivity with Delhi, various financiers invest in property in Noida. The best thing about the business property in Noida is, it extends across diverse sectors and not huddled in one meticulous spot. These zones appreciate the reputation not due to their profitable resilience but also due to their close nearness to the Capital, Delhi. In fact, these zones are also considered as classy areas for livelihood. As per the report, the resale price of commercial office space in Noida varies from Rs 2,500 to 18,000 Sq. ft and the leasing values range may differ from region to region and according to the market condition. All the top commercial buildings in Noida are situated in 18th sector that is definitely the most exceptional markets of Noida. Real estate builders and agents, banks, insurance companies, and bureaus of professionals such as chartered accountants and lawyers frequently occupy the first and second storey of these buildings.
Though, the rates being area-sensitive differ significantly. A sector that brags of high-class commercial space will certainly be expensive. Likewise, sectors those do not have much to present commercially will come below the cut-rate band. According to a study, the capitalization prices for Grade A building or best commercial office space in Noida and value of property for Grade B building may fluctuate as per various sectors. Nonetheless, there is extensive disparity in rates in Noida realty depending upon the location, floor, availability and profile. Investing or purchasing a property in Noida is, certainly, a rewarding option. The elevation that it provides to investors’ bank balance is simply great. In other words, it has a lot to propose to its inhabitants and to people who are searching for a commercial property for either buying, selling or leasing, As well, because of the enhanced infrastructure, extraordinary connectivity via DND Flyway, and the development of Metro in Noida has certainly turned it into the most preferred commercial doorway. So, spend on a property in Noida soon to obtain the best income afterward. Everyday societies are being formed and getting registered for construction of apartments meant for home-buyers and investors. Even studio apartments are being built keeping in mind even the requirement of small buyers and investors. Noida being the Non Capital Region (NCR) town of Delhi, it has all the basic amenities and good infrastructure as far as living environment is concerned. As the full form says “New Okhla Industrial Development Authority” aka NOIDA was once started to expand the commerce and trade sector of capital city. Although it is now flooded with commercial as well as residential properties! Noida has developed so much in past few years that it has got recognition over the globe. Getting a property, be it residential or commercial, none is an easy task for many who seek to get space there in Noida. New commercial properties are rarely seen in Noida but are not extinct. These are still available but at high prices. Since Noida has become hub for many trades and businesses, getting commercial office space in Noida won’t be a hitch for interested and potential buyers.
It is certain that getting a property in especially for commercial purpose would reap good results for sure and this being the key reason, rates of new commercial properties rises high. Noida is developing everyday with a remarkable pace. Although in recent times, the Noida Authority has put noticeable barriers in some commercial constructions. It has temporarily suspended the allotment of 30 commercial properties that includes two plots which were meant for malls in Sectors 2 and 61, because of the then found defaults worth about Rs 200 crore. Officials also said that the sub-lease, mortgage and construction permission to the defaulters will also be banned and on the behalf of authority, has also warned of cancellation of allotments of 20 more commercial properties. But keeping in mind the strong and fast development of Noida, such instances become quite obvious and do hamper the commercial office space in Noida but temporarily. |