Prime Elements You Must Consider Before Investing In a Residence

A person invests a significant sum of their savings into their choice of residence. Therefore, it is imperative that you put in a lot of thought and effort in research before investing in a house. While there a number of factors to be taken into consideration in the process of apartment-hunting, here are some of the prime elements you must keep in mind before investing in a residence: 

• Location: One of the prime factors you should take into account before investing in a residential unit is its location, in order to ensure that you do not face any problems in commuting to your workplace as well as major landmarks of the city from there. For example, if you are looking forward to buying a luxury residential property in Noida, then investing in its sector 32 area would be the most beneficial option for you.  This area is advantageously located at a close proximity to the Sector-18, as is merely at a distance of 2km from the renowned Noida Golf Course.  Moreover, the expressway along this area directly connects to Delhi within 10 minutes, and therefore people residing in its neighborhood would not face any problems in commuting to the capital city.
• Space: It is imperative to ensure that the apartment you invest in has opulent space, so that you and your family members can reside their comfortably. If you are going to just reside with your partner then investing in a 2BHK apartment would be a viable option, however if you have a joint family then choosing a 4BHK residence would be a better idea, provided you have the budget for it. In addition to this, you must make sure that there is good ventilation in the rooms of an apartment before investing in it, so that you are able to reside in utmost comfort and also save on your energy bills.
• Power backup:  Power cuts are a recurrent problem in many cities of this country, and it subsequently hinders the daily activities of the people residing in that area. Nowadays, people use electrical appliances and devices at almost every step of their life. From working on the laptops, cooking in microwaves to doing laundry in washing machines and sanitizing the house using vacuum cleaners, every activity is dependent on electricity. A power outage can put a stop on all these activities. Due to this reason, before investing in a residential unit you should ideally ensure that it provides full time power-backup facilities.

In order to invest a luxury residential property in Noida or in some other developing city, you can contact one of the renowned property developers operating in your area.

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5 Most Expensive Places in the World for Office Space

If you are looking for commercial office space in Delhi NCR, you may feel that the prices are exorbitant. However, there are some office markets in the world that are even more outrageously priced.

Here is a list of 5 of the most expensive places in the world to find commercial office space:

1. West End, London

West End in London has the distinction of being the most expensive place in the world for renting or buying office space. This is because the demand outstrips the supply. On an average, the annual occupancy cost for each square meter in West End is about £ 2,344.

2. CBD, Hong Kong

The Central Business District in Hong Kong is home to numerous multinational companies. The limited supply of land on this island has resulted in the costs for office spaces skyrocketing. With just 23 million square feet available for office space, Hong Kong is the second-most expensive market for commercial and office spaces.

3. 5th Madison Avenue, New York

The Big Apple has always been an expensive city when it comes to real estate. So, it is not surprising that the city has made it to this list. Fifth Madison Avenue is home to fine-dining restaurants, upscale theatres, businesses, and shops. Hence, it is one of the most expensive places in the US and the world when it comes to leasing or buying office space.

4. Zona Sul, Rio De Janeiro

Rio hosted the last FIFA World Cup and this has caused property prices to climb amazing new heights. However, when it comes to premium office space, Rio has always been expensive, particularly, the Zona Sul area. It is a unique location with limited supply of space. Hence, prices are exorbitant in this area.

5. Connaught Place, New Delhi

Well, you were right in assuming that Delhi property prices are expensive. However, it is Connaught Place that is the most expensive area in the city, because the demand is more than the supply. Its central location and superior connectivity make it the most sought-after area in the capital.

When you are looking for office space, don’t let price become the deciding factor. Instead, look at the amenities, accessibility, location, and transport facilities in the area to decide whether the place is a right fit for your business venture.

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Facilities to look for in Retail stores in Noida

Noida is a systematically planned city that is a part of the NCR region. Noida has been classified as one of the special economic zones (SEZs) of India, which has led to a terrific economic and industrial growth in this region. This in turn has opened a large number of employment opportunities here and thus, people from across India are migrating to Noida. With the gradual rise in the population of this city, it is the perfect time to invest in the commercial property in Noida as well. Since a large number of people are residing in the city, one can expect to get a good number of prospective customers for the retail stores here.

Of late, a number of top-class modern shopping complexes and high-end retail plazas have flourished across Noida. The high per capita income of this city indicates that its residents have a good buying power, which would consistently lead to maximum profitability and growth for any retail business that has been set up here.

With so many real estate companies offering retail spaces in Noida, it becomes quite a challenging task to choose the best retail property. However, one should look for the below-mentioned amenities and facilities when choosing a retail space, as this will help attract the maximum number of customers:

• 100% power backup, in order to guarantee that no interruptions or inconveniences are caused in case of sudden power outage.
• There should be enough parking spaces within the commercial property for the use of the employees and the shop-owners, as well as for the consumers and other visitors.
• In addition, the complex should have a beautifully decorated and expansive atrium area.
• A special play area for the kids at the complex is another benefit.
• There are numerous commercial complexes with distinctive entertainment units and a number of attractive features, which work towards increasing the footfall.
• Moreover, there should be fine dining restaurants and food courts, serving a varied range of culinary delights.

These facilities would guarantee that all the customers visiting the complex, and ultimately your retail store, have a pleasant shopping experience. In order to guarantee the maximum footfall, one should invest in a retail space that is close to the business hub of the city and is easily accessible from all major parts of the NCR.

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