There are numerous commercial
spaces for sale in the market today and construction of office spaces is a
highly lucrative avenue for builders. But, developers working on commercial
spaces face numerous challenges in terms of design, architecture, loans, and
insurance amongst other things.
There are various types of loans
that are available to commercial property developers. While there are options
for a shorter duration that cover the costs of labour and material alone, there
are others, which are long-term loans that cover all costs. Each project
requires a different financing structure thus, developers should understand the
needs of their project and then decide on a loan format.
Apart from loans, the design of a
commercial property is important in terms of safety and regulations. Developers
need to look at fire safety, adhere to construction regulations and laws regarding
plot size and covered area, and make considerations accordingly. For commercial
property developers, the other challenge lies in keeping with the current
trends and attracting corporate. The times when commercial office space
resembled old commercial structures in Nehru Place, are in the past. Upcoming
projects in the commercial property space are all about class and elegance.
Developers nowadays provide ready to move in fully furnished office space.
Furnished office spaces save time
and labour that would otherwise be an added investment for the company moving
into the premises. Thus, fully furnished office spaces are extremely popular.
Corporates are willing to spend more on commercial spaces as long as they are
furnished.
Manesar, Faridabad and Charmwood
Village are coming up as the new destinations for corporate houses to set up
their office space. While, the location of Charmwood Village at Suraj Kund road
makes it ideal for corporates, the already crowded sectors of Gurgaon are also
giving way to golf course extension road in sector 49 Gurgaon. Various office
spaces for sale are coming up in these areas. However, amidst all the upcoming
areas, the well-established area of South Delhi continues to be a hot hub for
corporates looking for commercial complexes in already developed centers.
One of the most successful
builders for commercial office spaces in India is the Eros Group. They have
built world-class commercial properties all across the NCR region and beyond.
Places like Gurgaon and Faridabad are examples of the quality of commercial
complexes of the Eros Group. Eros Group has set a benchmark for other
developers in terms of innovation in design and quality in construction.
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1 comments
Amazing blog with very good information about Property in Mumbai. Mumbai and Chhani is the financial hub of India these days. Premium Apartments in Chhaniare investing huge money for developing smart city there. Will surely refer this blog to my friends.
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