Finding commercial office space in Andheri east is an excellent option for Mumbaikars if they are planning to start their startup. But before starting their business, they need to have an office space to set up their business. Thus, the first question that can come to their mind while thinking about office space is whether they should buy the space for their office or take it on lease. To decide which option is better for you, you have to know about each's pros and cons.
Thursday, 18 February 2021
Leasing vs Buying Office Space
Friday, 22 January 2021
Common Commercial Real Estate Myths that Need to be Clear
To do some research online about commercial real estate before investing is a smart idea. But if you blindly believe in any piece of advice that you hear is a different story.
Unfortunately, plenty of commercial real estate myths still encounter many investment circles. While these beliefs are demonstrably false, they can still prevent prospective investors from taking the first step to building their portfolio. Many business people are experts in their field and tenants in commercial real estate properties. But they might get trapped for some of the myths about commercial real estate. Therefore here some of the most common myths and their facts that why they are not accurate.
Myth: Renting is cheaper
If you own a property, it gives you the ability to build equity. Ownership also creates tax benefits that you can take advantage of each year. Capital expenses are usually lower when renting commercial real estate as opposed to buying, but that doesn't automatically mean it's cheaper to rent. While the upfront capital requirements might be less, renting can easily carry higher monthly costs. A commercial office place in Andheri east can be the best area to buy or rent the office.
Myth: Investing in commercial real estate is too risky
Every investment comes with a risk, and commercial real estate is no different. But it's said that investing in commercial real estate does have certain advantages over other types of investment. Commercial real estate isn't subject to the same type of volatility one can experience when investing in the stock market. Thus, commercial real estate is one of the safest investments you can make in terms of risk.
Myth: The person should be rich enough to invest in commercial real estate
It is considered to be the biggest myth of commercial real estate, which often dissuades people from investing in this sector. Buying commercial office space in Andheri east is a good decision, and people who are economically rich and stable can only afford to buy a property in this area. But this is not true at all, and the reality is far away from this belief. Now, banks and other financial institutes provide the loan option if they want to invest in an office. As of now, the bank provides you with 80 percent of the total property value loan, and you have to repay them through EMI, which is quite flexible and adjustable. Thus now, investment in commercial property has become easier, and anyone can invest in it.
Myth: You need "office" space
The world of commercial real estate is changing day by day. Office buildings are getting turned into residential properties. Malls are being turned into office spaces, and just about everything is being converted to industrial space if it can be. When you look for your next office, don't only look at office buildings. Just look at spaces that can work for you. Commercial office space in Andheri east is a good option to start your business.
Before investing your money, you should do some research about properties and funding. You should also consult the experts. It may be cheaper to do it yourself now, but that could lead to costly mistakes in the future.
Wrapping Up
If you try to separate myth from fact while attempting to secure a commercial loan, simply reach out to our experts or visit The Chandak Group - www.chandakgroup.com. They will be happy to help you take the next step in accomplishing your investment goals. They also offer great deals if you are interested in buying a commercial office space in Andheri east or office space in Andheri.
Friday, 25 December 2020
Why Choose Commercial Office Space in Andheri?
The area plays a crucial role in purchasing a property. Nowadays, in Mumbai, people spend most of their time in offices rather than at home. As we all know, Mumbai is India's commercial capital, and many people from different states come to Mumbai to succeed.
These days, Andheri is a popular suburb where every business is booming. So, if you plan to buy a commercial office space in Andheri East, this is a big benefit.
Let us learn some benefits for office space in Andheri
People choose commercial office space in Andheri east as this suburb has every accessibility, such as a comfortable house, transport, and airport. Andheri is situated in the middle of Mumbai, and it has been developing over the years.
Transport facilities are readily available in Andheri, so many people do not have trouble reaching the office from their home. The main reason is to buy commercial office space in Andheri East because of their easy connectivity everywhere.
Andheri is also developed in terms of infrastructure. It also has its railway connectivity in central, western, and harbor lines. One of the significant benefits of Andheri is its famous 'metro line.' The metro connects Andheri to Ghatkopar, where people can travel from one destination to another in less than 25 minutes. On the other hand, if you go by road simultaneously, it will take 3 hours.
Reason Why Andheri is the best option for commercial office space
Many new and old business people have settled in Andheri as the city is a favorite place. People like a place where they easily travel around and reach the office, in a club or a restaurant. For people buying or renting a commercial space in Andheri is the best option as it is well-developed and gives them financial stability.
When you start a property search in Mumbai, you look for some significant key points that give you long term benefits in the property market. Commercial office space in Andheri east has many profits for builders and owners as many industries are growing. Many high profile business people come to this city to grow their business. Andheri is famous not only for commercial sectors but also for the close connectivity of transport.
From Bollywood stars to cricketers, most celebrities live in Andheri; many started their organizations. People prefer to work in Andheri because of high profile companies. A traveler always prefers Andheri station as they get hassle-free transportation to anywhere.
Due to rapid business growth, people are more attracted to Andheri. Government and private builders are given their best creativity for building schools and colleges, tourist places, glass facades, and many other things.
Another reason is that Andheri is ideal for buying a property due to Juhu beach and Mahakali caves, Lokhandwala market, and Film City. For the first time, a person who enters the Andheri suburb starts falling in love with this suburb. Andheri has many hotspots, big companies, shopping streets, beaches, and many more, So people do not find any negative point to buy commercial space.
Conclusion
Here we come to the end of the article; we discussed some of Andheri's commercial properties' significant benefits. Buying commercial properties has always been beneficial for the people as Andheri is growing in many ways. It would be best if you look for many options before selecting any of the properties.
The Chandak Group is always renowned for providing office space in Andheri for all types of businesses. For more information, visit https://www.chandakgroup.com/
Monday, 26 October 2020
5 Mistakes You Must Avoid While Investing in Commercial Real Estate
Investing in real estate involves assessment and careful planning of various factors. More care is needed when you are investing in commercial office space in Andheri as the investment is huge and many factors determine the returns and price appreciation in such type of property. The market of commercial real estate is dynamic, and several aspects determine the earning potential and rent and even the change of property price rise from time to time. There can also be a huge impact on the earning potential of the property when there is a change in government or change of policies. The earning potential of the property is also affected by environmental impact in an area or new laws relating to the protection of Mother Earth.
- Doing all by yourself
- Entire property inspection
- Evaluating the location related to nature, the target market of business, and purpose
- Taking out a thorough risk assessment for the investment
- Rechecking the lenders underwriting requirements
- Know how local zoning ordinances will affect the use of the property
- Knowing the potential hidden charges in the sale term of property
- Reviewing the existing leases and business profiles of current tenants
Saturday, 26 September 2020
5 Smart Questions to Ask While Choosing Your First Office Space
Ahhh, the smell of the fresh paint! The attraction of a gleaming building! The exhilaration of finally establishing your startup in your very own office! Selecting your first office space in Andheri is exciting. It can predict your business’s brilliant future. However, if you are not careful, selecting the wrong commercial office space in Andheri east could decrease your business ROI by negatively impacting your business.
Thursday, 27 August 2020
Top 5 benefits of investing in commercial office space
Planning for investment? let’s give some ideas about investing your earning. Investment always ensures long-term financial security. In today's world, there are a lot of options for investing money. When you invest your money in the right place, you make your money work for you. Investing in property always has its own benefits but investing in a commercial building indirectly helps people to become financially independent.
- A prime locations-A good location is the key to business success and enhances the company's reputation. It greatly affects work-life balance and personal life. Many people want to work in a company which is located in a prime location with easy transportation and providing essential services. Andheri East has become a prime destination for those looking for a job as it has every travel facility. Chandak Group provides a strategic location for office space in Andheri with railway, metro station and western highway connectivity, connecting essential services including hospital and airport.
- Lesser maintenance-Commercial building maintenance costs remain low due to their highly functional equipment. The commercial building has its personal volunteers as well as every worksite and the shopping centre has its own maintained area to keep the best working place. Commercial office space renovation is less frequent due to excessive work which costs less. The office space at Andheri always provides high function space as it is a highly demanding business hub with no furniture cost.
- Higher rate of return-When you invest in the posh area, you are likely to get good returns in the future. Investment in property always gives you returns, but commercial building investment varies more than housing investment. Rented commercial office space in Andheri East is more beneficial than investing outside the city. People feel that smart living is becoming more efficient business to live and earn money for their future. Because of that, they are building their own company and all of this requires space for superb design and functionality. Therefore investing in commercial buildings is highly recommended.
- Long term investment-Investing in a commercial building consistently yields long-term hassle-free income. There is no need for investors to worry after 1 year or 2 years. Yes, it takes a higher amount to invest but in return, you will get much higher returns around 5-9% which is higher than residential property. It is very positive when you invest in commercial office space in Andheri East, where everywhere is in the stage of evolving and it is good for future long investment.
- Professional connectivity-Commercial buildings are always rented by banks, MNCs, and high profile entrepreneurs. There is no need for the investor to worry about delay in rent as their tenants are completely professional. The quality of the tenant attracts more people to work together in a commercial building. For example, if a company produces gym equipment then it attracts the gym owner to open the gym on the same premises.
Thursday, 16 July 2020
Top 5 Factors to Consider While Choosing Office Space
- Location
- Can my consumers reach the office without any trouble?
- Can my employees reach the office easily?
- Infrastructure
- Cost
- Design
- Facilities