Factors to consider when investing in a commercial space in Noida

When you think of investing in a commercial space in a business hub like Noida, then you must take into consideration the location of the business centre and the facilities that are available within the space. Noida, being a commercial and Information Technology (IT) hub, is one of the most lucrative regions in India for the development of business centres. Reputed real estate development firms have been increasingly investing in constructing business centres in Noida. However, when you purchase a commercial space in Noida, you must consider it as an investment and ensure that you are able to realize your investment with ease. 

Some of the factors that you must take into consideration while purchasing a commercial space in Noida have been discussed below.

Purchasing a Commercial Space in Noida

Real estate agents suggest that a commercial office space in Noida is always in high demand, because it is a thriving commercial and IT hub. Nevertheless, when you purchase a commercial space in Noida, you must take into consideration the following points:

· The office space should be easily accessible by the metro. The business centre should be in close proximity to the arterial roads and important by-lanes.

· The business centre itself should have ample parking space for vehicles of not only the owners of the commercial spaces, but the visitors as well.

· The entire business centre should be centrally air conditioned to ensure the comfort of the employees and the visitors.

Thus, while purchasing a commercial property in Noida, you must prioritize the location and the facilities available within the business centre. If you are a retailer and want to purchase a retail space, then it is all the more important to evaluate the location of the property carefully. In case of retailers, it is preferable that they purchase commercial spaces that are located within a hyper mart or a shopping complex. So, before investing in a commercial property, evaluate all aspects of the property itself and then purchase one that you think meets your requirements and will prove to be beneficial for your business organization.

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Importance of Concierge services in Office Buildings

As a real estate manager of a commercial building, one of the basic objectives is to offer your tenants with an experience that is matchless. One way to add value for your property and increase their satisfaction is to offer concierge service. When talking about concierges the only concept that comes to mind is the concierge desk at the hotel which provides services to the in-house guests.  However, in a commercial space, a concierge can provide much more than just that service.

How the modern day business center with concierge services help tenants?

A concierge in the building can save the tenants from the mundane tasks of looking up for various services like laundry, plumbing etc. A concierge can provide recommendations as they are equipped in a better way to help their tenants with a complete database of such professionals. Therefore, in order to get the job done in the right way, a concierge who is well-versed in various activities, updated and trained in customer service is required. 

Top-notch concierge services are now seen as a mandatory thing for potential tenants in the premium end of the corporate real estate market, and a determining factor for key corporations when choosing their office location. In fact business-savvy tenants are also asking for professional concierge services at the lease negotiation stage. As per the landlords and office tenants, concierge services for employees and guests has now become one of the most important factors to look out for in buildings along with other amenities like retail outlets, lounge, food court, conference facilities, gymnasiums and open spaces for huddles and team get-togethers.

These days, the biggest luxury available to most people is time, so the reply to this is having concierge service to make things run at ease, whether it be with assisting to welcome and guide the customers, to making a restaurant booking or ordering a takeaway coffee. 

Additional benefits that concierge desk offers

· Offering concierge services to your employees, tenants, and clients is a great way to increase performance and productivity, improve customer experience, boost employee morale and add value.

· Employee productivity goes up because there is a dedicated desk to take care of their requirements while they are at work. So, be it paying the bills or doing the bookings, there is someone to fall back on.

· Each request is given a stipulated time frame to start and complete and a report is prepared submitted to the client on completion of assignment.

All these explain why concierge service is important for an office building to have.

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Why Should Young Entrepreneurs Invest in Real Estate?

If you are young and have a steady business and are thinking of making an investment then investing in real estate is definitely a good option for you. Most of the young entrepreneurs tend to believe that investment should be done at a later stage however, the actual fact is that the investments should be done when you are young and have a good income.

The sooner you develop the habit of saving the better it is for your future. When talking about investments, things that are at the top of your mind are shares, bonds and the mutual funds but investing in real estate is another very good option which young entrepreneurs must explore.

If you are interested to know the benefits of investing in real estate at an early age then you can go through the list given below:

• If you invest at a young age you can get higher returns because if you re-invest the profits you may have earned in the first shot, you get double the profits and growth. Since you are young, you have fewer responsibilities and thus have the chance of investing a large part of your income.

• You will also be able to get a diverse portfolio. In case the share market goes down then you need not worry because you have money invested in the real estate that will still generate a good income for you.

• If you put the property on rent then you will have a good cash flow. Investing in the commercial property in Noida will definitely be a very good decision because Noida offers a highly dynamic market and there are a number of people who are planning to settle down here. So, if you invest in a retail property in Noida, you can rest assured that you will surely be able to get very good returns on your investments.

• Real estate provides you with a variety of investment options. If you want you can invest in a 2 BHK apartment or you can even invest in an office space or a retail store. You can invest as per your budget.

There are a number of different options for investment but you should always invest in the property of a reputed builder so that you do not have to face any legal issues at a later stage.

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