How to look for an office space in Mohali?
So, you have lately been looking to own your office space? We understand that once your business grows big, you might want to shift from that co-working space and switch to your own office. So, here we are to answer your primary question of how to actually look for office space in Mohali.
So, while you are going to look for a commercial space in Mohali, it is important to prepare a roadmap for your business first. Here, accessing your business possibilities includes a number of aspects such as location, accessibility, traffic of your location, and many more. This is essentially the first and crucial step in finding an office space in Mohali.
After going through the first step mentioned above, the next big thing is the budget. How you're going to come to a final conclusion in getting an office space in Mohali is going to depend upon your budget which is another crucial parameter to consider. It is advisable that you shortlist a few options from the previous step, and when you are making a final choice while deciding your budget, you should have options in hand across a range.
The first two steps stated above involve some research at your own level which will help you in case you have been wondering how to find a commercial office space in Mohali. But next, after all this, you can reach out to a real estate advisor and consult him with your ground-level planning. Keeping your conditions in mind, he can advise you on the best commercial spaces where you can set up a commercial office for your brand. In Mohali, there are different locations which have different strategic importance when it comes to building a business.
Finding your Commercial Space in Mohali with CP67
Being ideally located in the international airport road in Mohali, CP67 has a number of commercial space properties that can match up to your parameters as well as fit within your budget too. Many of the companies across various domains are being given preference here and thus you can also find your own office space after a discussion with our experts. Even if you've not worked out much in your ground plan, our team of experts assists you right from the very beginning till the very end of your deal. Not only assisting business owners about the "How's" of owning a business space, but we also advise them about the other things such as the right time, the right location, and the right plan to get their commercial space in Mohali too. CP67 stands firm on its USP of creating unique commercial and residential spaces and providing them to the customers.
5 Factors to Consider While Looking for a Commercial Space
If you are also wondering, "What are some good commercial spaces near me?", or "How do I find a commercial space for sale?", then you have probably hit an answer. Finding a commercial space for yourself can be a tricky situation, specifically during these days when you cannot head out much and there are restrictions due to Covid19. So, to make your task easier, here we are mentioning the top 5 factors that you must consider while looking for a commercial space in Mohali.
Experts suggest that it matters a lot where your commercial space is actually located with reference to the traffic count. More number of pedestrians and vehicles passing by means there is better exposure. It can also give you a quick idea about the number of potential customers that you may encounter.
While looking for the commercial space for sale, look for its accessibility too. That is, how easy it is for you to reach the location. For example, a commercial space located at the corner with a signal is easier to locate than a commercial space for sale somewhere in the middle of a block or an internal side of the area.
Customers are often lazy. Hence, it is quite obvious to assume that the commercial spaces at a minimum distance are likely to be approached readily by the customers.
Now, here we are not talking about the Vastu, that is something which depends from person to person. What we are talking about is the way incomers perceive the space once it is ready to function. Being the owner of the space, at a certain point in time, it will matter to you as well.
Here, with the locality, we mean that sometimes the value of the businesses located in the close proximity of your commercial space also plays a great role in increasing your business. In a similar way, a business that is not so good happens to be the tenant of your neighborhood space, it can have an adverse effect even on your business too.
This comes as a last but a very important factor for us. You must examine that for what particular price of the commercial space, you can generate a particular revenue. Hence, you can make this comparison in the terms of percentage, and no matter if a place is costly but is within your budget, and has the potential of generating more revenue than a comparatively cheaper space, you must obviously go with the first option.
CP67 boasts of providing you with the commercial space at an address that matters! CP67 provides you with the most prestigious business address and hence if you are looking to invest in a commercial space, do trust CP67 to make a deal.
7 Clever Ways To Invest In Tricity Real Estate Without Buying Any Property
You can be clever and you can be careful and at the same time you can earn more profit than you ever imagined by investing in real estate at this very moment. Despite the slump that the real estate sector across the country has been witnessing for quite some time now, some regions have continued to display gradual yet promising growth. But if you are not convinced and want to tread a more secure and prudent path, there are 7 clever ways listed below to invest in real estate in the Tricity region but without having to buy any property and yet making a profit from it:
Buy And Fix Up
This is a very hands-on move and a very intelligent way to invest in property without actually having to own one in the Tri City area. You just simply buy the property and put your funds into repairing and fixing it. When you are done, you put up the property for sale and just watch as it fetches you a profitable amount owing to the fixes that you performed.
Buy Rental Property
If you have the funds to buy a rental property you can do that and then rent out a room or apartment in that real estate to tenants. The key here is to keep your expenses low so that you can keep your rent as affordable as possible so that you get maximum prospective tenants. You could also purchase the property for your own residence and then rent out some of the rooms or spaces to tenants. This way you can keep the property in great condition and hire someone skilled and experienced for the on-and-off repairs that you might need.
Think About Investing In A Vacation Property
This concept is relatively new in our country but it is gradually catching on with a lot of individuals. A vacation property is something that you rent out to tenants for a short period of time. You can cater to travelers or visitors to your city who are in need of high quality real estate for the purpose of weddings or other family occasions that they might need to attend in and around the Tri City region. Nowadays there is a rising trend of keeping large Marla houses for the same purpose and the main clientele comprises NRIs who are in a position to pay a hefty amount for these properties whenever they visit.
Purchase Of Commercial Property
This seems to be a very popular trend in the Tri City area comprising Zirakpur, Mohali, Kharad and several other regions. Commercial properties comprising retail buildings and office complexes are readily available in this area for purchase and also for the purpose of renting out further. Right now the costs of these properties are very low due to the development phase and these are without a doubt a very low risk and high reward option for anyone who wants to invest in this region.
Real Estate Mutual Funds
Real estate mutual funds are investments that are pooled together and overseen by an investment manager. These allow investors to diversify their portfolios by including characteristics of both mutual funds and really state at the same time. You can choose properties that are growth oriented or income oriented. Diversified assets are designed with the aim to reduce risk. Remember, that if a real estate related risk affects one of the investments in that portfolio, it is going to affect all of them up to some degree.
Real Estate Partnerships
There are numerous housing societies and commercial complexes sprouting up around the Tricity region that people are readily investing in. There are individuals and groups of individuals as well that have exorbitant amount of money at their disposal and seek real estate partnerships for the purpose of sharing responsibilities and profits as well. This is an option that can be used to procure property at a lower price and once the property is completely developed, you can sell it at a very high margin. Depending upon the terms of the partnership you may even be able to set the terms such as paying the mortgage, handling the down payment for the property or the number of responsibilities that are handed over to you.
Real Estate Investment Trust
Real Estate Investment Trusts are gaining popularity day by day because they are intended to enable more and more people to invest in the Indian property market with the sole aim of boosting funding in the sector. The Indian real estate sector comes with a few uncertainties but with a lot of potential. According to a study, an REITs investor can start with as small a sum as rupees 2 lacs only. The REIT platform is already approved by the Securities and Exchange Board of India and just like mutual funds; money from all investors across the country is pooled into one place. This money is then invested in commercial properties around the country to generate income.
REIT Works Like A Charm
Real Estate Investment Trust generates funds from a lot of investors which are directly invested in properties such as offices, hotels and shopping centers, malls and warehouses, shops and showrooms and similar investment avenues. These trusts are also listed with stock exchanges and their assets are held by independent trustees for unit holders / investors.
Advantages Of Real Estate Investment Trusts
- Income dividend - You get 90% of distributable cash twice a year.
- High level of transparency - Full valuation of the property is showcased on a yearly basis which is also updated on a half yearly gap.
- Portfolio diversification - REITs have to follow specific guidelines and are required to invest in a minimum of two projects of which one should have at least 60% asset value.
- Low risk - 80% of the funds generated have to be invested in revenue generating or completed projects. The remaining 20% is typically invested in under construction projects, mortgage-backed securities, equity shares and other cash equivalents.
But the question is at a time when anyone would be dicey about associating with the real estate sector why would you be so keen on finding out ways to invest in this industry? The biggest reason for anyone to shell out cash to invest in the real estate sector is the rapid and mind boggling development of the Tri Cities region in Northern India.
Mohali is a popular city and a part of the Tri Cities region in Northern India. The city which was built as an extension of Chandigarh has become one of the primary investment spots as we speak.
Upcoming Real Estate Projects In Mohali
The amount of money being pumped into The City (particularly Mohali) stands at a staggering 3 billion US dollars and that itself speaks of the volume of development and profit potential of this region.
Factors That Drive Growth And Development In Mohali
The Chandigarh International Airport Road
The project that was completed in the year 2015 has uninterrupted connectivity to major international destinations from the Tricity region.
Railway Station At SAS Nagar
The railway station connects the Tri City area with major National locations such as Delhi, Ludhiana, Ambala and Amritsar and several other parts of the country.
Rise In Housing Demand
Because Mohali is in close proximity to Chandigarh, the rising demand of residential and commercial properties is getting diverted to Mohali quite organically.
IT Special Economic Zones
Global tech giants such as Philips, Dell, Sebiz Infotech and SCL have already planted their roots in this city and are turning it into an IT hub.
Metro Rail Project In The Works
A Metro rail network has also been proposed to connect the whole of the Tri City region. The length of this corridor is going to be 37.573 kilometres out of which 23.468 kilometres will be elevated and the remaining 14.105 kilometres is going to be underground.
Sector 81 is the Knowledge City of the Tri City region where educational institutions like Indian Institute of Science Education and Research, National Institute of Agri Food Biotechnology, Indian School of Business and National Institute of Nanotechnology are already functional. Improvement in health facilities along with a strong network of roads (52 kilometres of national highway and 1272 kilometres of state highway) make it ideal for the rising number of residents across the region.
The Tri City region without a doubt presents a very lucrative option for investors willing to put their money in both residential and commercial projects. The odds are in your favor regardless of the type of property you pick or the area you choose to invest in.