Reasons for investing in commercial properties in Noida

Real estate has always been a preferred investment option for many in the country. This is because real estate investments are known to yield high returns while being reasonably low risk. And, with land becoming scarce and the need for residential as well as commercial property increasing by the day, current investments in real estate are sure to yield excellent returns in future.

This is especially true for metros and other large cities such as Noida, Delhi, Mumbai, etc. Companies from around the world have set up their offices in these cities, generating huge employment opportunities. This has drawn jobseekers, workers, students and businessmen from across the country looking for better opportunities to these megacities. As a result, the real estate sectors of cities such as Delhi and Noida are experiencing unparalleled growth, and have emerged as the best investment option for the investors.

business centre in noida

Reasons to invest in a business centre in Noida

In case you are planning to expand your investment portfolio by buying commercial property in Noida, mentioned below are some of the most important reasons as to why you should go ahead with the deal now:

  • Noida is a part of the NCR and is very close to Delhi and other major cities of north India and as a result enjoys excellent business opportunities.
  • Noida is a planned, industrially and economically developed city with outstanding infrastructure conducive to the growth of businesses.
  • Noida boasts of having the highest per capita income in all of NCR which transcends into better investments in businesses too.
  • Noida is considered as one of India’s greenest metro cities with over 50% green cover. The streets of Noida are lined with vegetation and trees, making it one of the healthiest cities to live and work in.
  • Over the past few decades, Noida has become the hub of the IT and IT-enabled services industries in India and as such, investing in commercial real estate like business centers in Noidawill not only yield high rental yield, but will also ensure excellent capital gains.
  • Noida is well-known for its great connectivity, outstanding infrastructure, large supply of skilled manpower, comfortable climate, and an uninterrupted power supply, all of which are conducive to business and industries.

Although buying commercial property in Noida can be a prudent move, investors must ensure that they buy the property only from reputed developers having experience in this domain. To get the best returns on your investment, you can buy commercial property located in or near Sector 32.

Advertisements

2 Key Aspects of Modern Retail Spaces in Noida

Noida is one of the flourishing commercial hotspots of the country and this city has the highest per capita income in the whole of NCR too. The city also presents a plethora of lucrative job opportunities to skilled and qualified individuals. A number of people migrate to Noida every year to enhance their career prospects, leading to a definite increase in the population of this city. The rising population of this city, as well as the commendable infrastructural facilities offered by it makes it an ideal place for opening up a retail center. The prime reason of this being that as the number of people residing in the city rises, the number of potential customers for a retail store here would also subsequently increase.

Commercial Properties sector 32 in Noida

However, in case a person is looking forward to investing in a commercial property in Noida to set up their retail business, it is imperative that they ensure the structural integrity of building they are investing in, as well as the potential profitability of the investment. Two elements people should take into account before investing in a retail space in Noida are as follows:

  • Location: It is preferable that the retail space be located in the vicinity of the primary business hub of the city, and is easily accessible from all parts of Noida. For example, investing in a commercial property in sector 32, Noida would be a good idea as that neighborhood is well connected by roads, highways and the Delhi metro network. In addition to this, the retail space must be a part of an establishment that provides ample parking facilities to the customers, so that they can shop at leisure without worrying about the safety of their vehicle.
  • Amenities: In the contemporary world, urban shopping experience is closely linked with entertainment and recreation facilities as well. While going on a shopping spree, people also prefer to dine out and enjoy themselves to the fullest. Hence, it is advisable to invest in a retail space in Noida that is located near to adequate dining and recreational facilities, including a food court and an entertainment zone.

To find out the details of the commercial properties in sector 32 area of Noida or any other such region in the city, buyers can easily check out the websites of renowned real estate companies.

Here’s why people prefer living in apartments in urban centers

There was a time when most people preferred to live in villas and independent houses. However, with the rise of urbanization and the rapid population growth in cities, this is no longer practicable. Major Indian cities such as Noida, Gurgaon, and Delhi have extremely high population density and that automatically causes scarcity of space.

In the modern world, therefore, the vertical expansion of cities is no longer an option, but a necessity. A huge part of the urban population in most of the largest cities of India now lives in flats and apartments. Therefore, the most reputed property developers are building state-of-the-art apartment complexes in major cities, so as to attract the attention of discerning homebuyers. Some advantages of living in a premium flat in Noida, Delhi, Hyderabad, Mumbai, etc., have been listed below.

Flats in Noida

  • Flats are usually more affordable than independent villas. Being relatively smaller in size, they are also usually easier to maintain, clean, and disinfect on a day-to-day basis.
  • Most reputed property developers are now building apartments and flats with state-of-the-art amenities. The best modern flats have every facility required for a comfortable, urban life.
  • Some of the facilities offered by premium flats include 24/7 power backup, uninterrupted water supply, and hundred percent Wi-Fi connectivity.
  • Some of the best flats in Noida and other urban centers like Gurgaon, Hyderabad, Delhi, etc., are constructed so as to be environment friendly and sustainable. They have rainwater harvesting and water treatment facilities.
  • The best residential projects are also surrounded by greenery, parks, and landscaped gardens, offering residents an excellent view from their windows.
  • The best residential complexes also have state-of-the-art recreational and entertainment facilities such as a swimming pool, a clubhouse, etc.
  • Most flats also provide residents with a toddlers’ and children’s play area, where children can exercise, socialize, and enjoy themselves on a regular basis.

These are some of the advantages of buying a world class flat in Noida or Delhi, developed by an established and reliable real estate company. Such a flat would provide the buyer and their family with a comfortable and convenient living space having all modern amenities.

Reasons to ensure presence of conference rooms in office spaces in Noida

Over the last century, many things have changed about the world of business and commerce. Trends have come and gone and the way in which business is conducted has undergone a complete transformation. One thing that has not changed, however, is the fact that people need to meet in order to effectively do business with one another. Client meetings, staff conferences, and scheduled appointments are common features of any business organization, without which the business cannot function.

A functional conference room is, therefore, an extremely important feature of any office, as it facilitates the smooth completion of such essential activities. A good conference or meeting room enables all the members and stakeholders of an organization to discuss ideas and collaborate effectively in order to achieve common organizational goals. The existence of a conference room in the office space is particularly important in a city such as Noida, which is a major business hub and home to the offices of some of the most renowned national and international companies. Therefore, one should definitely consider investing in a premium office space in Noida that offers a well-designed and cutting-edge conference room. This will play a key role in significantly improving efficiency, morale and overall productivity.

Office Space in Noida

Advantages of a World Class Conference Room

Some of the major benefits associated with a good conference room have been listed below for the reader’s convenience.

  • Privacy: A well-designed conference room is an ideal space to discuss sensitive business matters such as product launches, business strategies, breakthrough innovations as well as other classified information. Unlike open meeting spaces such as restaurants and coffee shops, conference rooms are specifically designed to keep confidential information and conversations private.
  • Collaboration: A well-equipped conference room is an ideal place for brainstorming and the generation of ideas. When a problem needs to be solved, then all stakeholders of the business can be gathered in the conference room so that they can work together in order to find solutions. This also fosters a sense of unity and group loyalty that cannot be achieved within the confines of a cubicle.
  • Impression: An elegant and well-designed conference room conveys diligence, taste, and attention to detail. It is also a sign of organizational success, prosperity, and professionalism. As a result, an office with a state of the art conference room can create a positive impression in the minds of clients, investors, prospective employees, and other visitors.

These are some of the reasons why you should definitely invest in a premium office space in Noida that has an exquisitely designed conference room. This will enable you to impress and attract the most discerning clients and potential employees, as most people generally expect such facilities in the best organizations located in a major city such as Noida.

Essential Facilities of a Commercial Space

With the rapid growth in economy, the sectors of trade and commerce have flourished to a great extent in the country. A large number of high-end retail plazas and contemporary shopping centers have come up across the country. Noida has emerged as one of the best places to set up a retail store in the region, due to its immense commercial and industrial development. The high per capita income of this city reflects the extensive purchasing power enjoyed by its residents, which would ultimately lead to the enhancement of any retail business that has been set up here.

retail space in Noida

The choice of retail space would play a vital role in the footfall and subsequently, the profit margins. Therefore, while zeroing in on a retail space in Noida, it is imperative that you invest in an establishment that offers a host of contemporary amenities and facilities so as to attract the maximum number of customers. Some of those facilities are:

Full power backup

A sudden power outage can occur at any time, but customers cannot be expected to shop in darkness. Therefore, full-time power backup should be offered at a commercial establishment, in order to ensure that no hindrance is caused to the shopping experience of the customers.

Ample parking space

In advanced cities like Noida, not finding adequate parking space is one of the most common problems faced by shoppers. Therefore, it is important that the retail space has optimum parking space for the use of the customers, as well as the shop-owners and their employees.

Special play area for children

A lot of people go on a shopping spree along with young children. Therefore, it would be highly beneficial if the commercial establishment has a separate play area for children where the young ones can be adequately entertained and engaged.

Entertainment unit

Having entertainment facilities at a commercial establishment would be a great way to attract more customers, as it would provide them with the opportunity to fulfill their recreational needs as well as their shopping needs.

Dining options

People often feel the need to eat something after or during a shopping session. Thereby, a commercial space must have a food court, as well as fine dining restaurants that serve a wide range of scrumptious culinary delights.

In order to set up a retail space in Noida, you can easily contact one of the well-known real estate developers operating in the NCR to find the space that would best suit your business.

Guide to renting commercial office space in India

Today, commercial property is widely sought after, as many people are interested in starting their own ventures to become financially independent. The process of getting commercial office space for rent is very easy and hassle-free, if done in a proper manner. You can even think of subletting the property if your rental agreement allows it, to generate a secondary income.

Commercial Office Space for Rent

However, before you decide to rent commercial office space, here are a few things that you need to do:

Finalize the location for your office

Make sure that you are looking for a place in a location that you want. It is always better to be more specific in this regard. Make sure that your team members have ample space for parking in the chosen location.

Check the neighborhood

Always check whether the neighborhood is safe enough. See to that your team members and clients are comfortable visiting your office. There should be no reason for them to worry about their safety and security.

Transportation and access

Before selecting an office space, consider how it is going to affect your team members’ daily commute. The commercial office space should be in an area where your workers can get access to public transport with ease.

Space requirements

Don’t go for commercial rental space that is too big or too small. In fact, it should be big enough to accommodate your workers and commercial activities with ease, but small enough for you to be able to afford the rent without feeling the pinch.

Landlord information

Get detailed information about the landlord, who can be an individual or a company. Also, find out the tenancy period and what would happen if either party decides to terminate the contract. You should get a lawyer to check the contract carefully, so that there is no scope for ambiguities. It goes without saying that the agreement should be checked for periodical rent increase as well. Ensure the percentage of increase is in sync with the prevailing market rates.

While there are agents and dealers who you can get in touch with to find the right commercial office space for rent, you will end up paying commission to them. It is best to first begin the search on your own, and the internet is the best way forward. If you find it too tedious, then hire a professional to do it for you.

Guide to Buying a Flat in Noida

Noida is a planned city and is renowned for its modern infrastructure and superior amenities. You will find broad roads that are in excellent condition and vast stretches of open green spaces. This is one of the reasons why Noida is one of the most sought after cities for people who want to stay close to the capital city. So, if you are planning to buy a flat in Noida, you are on the right track. However, there are a few things that you should follow to ensure the purchase process goes off seamlessly.

Flats for Sale in Noida

Identify Most Suitable Properties

You will find many flats for sale in Noida. However, it is important that you narrow down your list of properties based on the localities of your choice. Cull the list even further based on what you would like in your flat, like the number of bedrooms and bathrooms, features, and amenities. This will help you identify flats that suit your requirements.

Set a Budget

Buying a flat is expensive. So, earmark a figure that you think you can afford to spend on your new home. Remember, this figure should not just be about the cost of the flat. You should also include other costs, like property tax, stamp duty, and legal fees. Then start checking with the local banks for a home loan. Select a bank that offers attractive interest rates.

Do Your Due Diligence

Make sure you check whether the developer owns the title of the property. This ownership gives the developer the right to sell the property. If you find flats for sale in Noida in a housing society, it is important to find out the details about the safety and occupancy certificates. Make sure you get a lawyer specialized in real estate to check the sales agreement and handle other aspect of your purchase.

Other Things to Note

Before you sign on the dotted lines, here are a few things that you should consider:

  • Make sure the development of the property is as per the approved plan
  • Get no-objection certificates from electricity, land ceiling, and water authorities
  • Ensure there are no legal encumbrances attached to the property
  • Find out the payment procedure for the flat

Follow this guide to buy your flat in a hassle-free manner. Remember, once you get the possession of the flat, it is your responsibility to get the sales deed registered and put the property in your name.