Tuesday, September 8, 2020

3 TIPS TO CONSIDER WHEN BUYING IT OFFICE SPACES IN GURGAON

Looking for premium IT​ office spaces in Gurgao​n? Here’s how you can find the best ones in your budget without much hassle.

Any office environment has a direct impact on a team’s productivity, efficiency, and culture. It can influence your reputation in the eyes of clients, affect your workforce morale, and sway employer branding and authority. At the same time, it demands careful consideration because real estate ownership is a hefty investment with equal potential for profitable returns or losses.

That’s why businesses need to pay extra attention when looking at IT​ office spaces in Gurgao​n. Here’s a few tips to assist you on that voyage.

1. Location and Infrastructure

Before choosing any new​IT office spaces in Gurgaon​, you must determine if your clients and employees can reach it with ease. In addition to a well-connected location, the infrastructure should also ideally support and uplift your brand image.

So, take a good look at the interiors, provisions, meeting rooms, boardrooms, open spaces, neighborhood, communication systems, building management systems, parking, security, etc.

2. Cost Elimination

Cost elimination is a critical strategy that buyers must adopt when browsing for​IT office spaces in Gurgaon​.

As a budding economic hub across India, Gurgaon offers numerous prominent real estate choices. They vary in their infrastructure, facilities, amenities, location, and budget. The idea is to find one that balances those factors at a reasonable price.

For instance, you could avoid fit-out overheads by choosing a serviced space, choose to pay a single all-inclusive price for premium services instead of periodic payments, etc. This approach keeps your operating costs in check while eliminating the probability of a budget overflow.

3. Growth Prospects

When you shortlist IT​ office spaces in Gurgaon, pay attention to the compatibility between those properties and your company’s growing requirements.

For instance, ideal office premises should accommodate your existing staff and also have room for additional employees that you may hire in the near future.

If you need to move within a few years, make sure the property you are renting has a subletting clause in the lease agreement. That way, you’d be able to get returns from the property even if you don’t end up using it.

Get Premium IT Office Spaces in Gurgaon​ at Magnum Towers

Magnum Towers is a recently developed premium commercial hub located at Sector-58, Golf Course Extn., Gurgaon. It belongs to Galaxy Magnum Infraheights Limited- a leading Indian real estate builder.

Strategically positioned in one of Gurgaon’s most flourishing neighborhoods, Magnum Towers is designed to combine business and leisure in the most productive way possible. It is a part of a 6.75-acre-wide green campus and upholds the principles of sustainable development with its eco-friendly facilities.

The premium IT office spaces in Gurgaon’s Magnum Towers boast of spacious meeting rooms & boardrooms designed for optimum efficiency, smart utilization of space, elegant aesthetics, and stunning interiors. Additionally, the Magnum Tower offers-

  • Balconies and terraces on four floors
  • Double height grand entrance lobby
  • Optimum utilization of natural daylight and ventilation
  • Secure traffic and pedestrian flow
  • High-speed elevators
  • Three-level basement parking
  • High-tech security
  • Complete power backup
  • Retail spaces

To know more about renting, leasing, or buying IT office spaces in this project, reach out to our team.

Source Link: https://www.galaxymagnum.com/3-tips-consider-when-buying-it-office-spaces-gurgaon

WHAT TO DO WHEN POSSESSION OF OFFICE FOR LEASE IN GURGAON GETS DELAYED?

 A fair number of real estate gurus suggest investing in upcoming development projects since they hold a great deal of ROI potential. But, such properties also pose a considerable risk of delayed delivery. If you plan to buy an office for lease in Gurgaon, here is what you can do to prepare and protect your investment in the

case of delayed possession.

Check Your Refund Rights

Adding a refund clause in the agreement is a great place to start. It helps in

circumstances where the property’s possession has been delayed for too long. If employed, this little trick legally qualifies the buyer for reimbursement.

Update Yourself on the State Laws

The government has laws in place that govern the rights of a property buyer. However, those regulations vary by state and should not be assumed.

Before you can get an office for lease in Gurgaon, check the rights and duties of all involved parties if the leased property is not handed over to the tenant on time.

Take note of the grace period allowed to the landlord as per the state-mandated laws. Also, identify permissible reasons for a delay in possession, if the state has specified any, to make sure that your claim gets validated without any issues.

Weigh Your Legal Options

RERA, i.e., the Real Estate (Regulation and Development) Act of 2016, allows a buyer legal recourse in case the possession deadline is breached time and again. If the office you took out for lease in Gurgaon isn’t handed over as per the plan, you can file a complaint with the local authority for denial of service, apply for a

refund, or appeal for compensation against the inconvenience caused due to the setback in scheduled possession.

Vet the Legal Paperwork in Advance

Prioritize paperwork in all stages of property purchase. In addition to verifying the

legal documents, like occupancy certificate, property title, government permissions, etc., also pay attention to the lease agreement.

Validating all legal aspects of the transaction before finalizing the office for lease in Gurgaon will help protect your investment in the future.

Always Notify the Seller Before Making a Move

If you choose to cancel the lease for an office in Gurgaon due to delay in delivery, it is wiser to inform the landlord/builder/seller in advance through a legal notice. A forthcoming notice often plays the role of a stimulant in hastening the delivery process, either via expressing due accountability or via the pressure of legal recourse.

The Best Tip to Avoid Possession-Delay: Choose a Reputed Developer

Galaxy Magnum Infraheights Limited is a leading Indian real estate developer with notable projects sprinkled across Gurgaon, Delhi-NCR, and Faridabad. Two of the

most innovative representatives of our diverse portfolio include The Magnum Towers and Magnum Global Park, located in Sector 58, Golf Course Extension, Gurgaon.

Magnum Towers is a high-tech commercial hub that offers ready-to-occupy offices for lease in Gurgaon’s most flourishing neighborhood. On the other hand,

Magnum Global Park is an under-construction property designed as a business &

leisure hub with premium office and retail spaces spread over 5.80 acres. Positioned on a 200-feet-wide road, both the properties are connected to Delhi-NCR via the

metro and national highway. Additionally, they offer:

  • Three-level basement parking
  • Astonishing architectural aesthetics
  • Complete power backup
  • Security
  • Building management systems
  • Energy-efficient facilities

Contact our teams to know more about these premium office spaces for lease in Gurgaon.

Source Link: https://www.galaxymagnum.com/what-do-when-possession-office-lease-gurgaon-gets-delayed

MUST-AVOID MISTAKES WHEN INSPECTING COMMERCIAL SPACES FOR RENT IN GURGAON

 A great deal of planning and thinking goes into obtaining commercial real estate. The process is complicated, expensive, and, more often than not, time-taking.

Especially in a promising city like Gurgaon, finding functional commercial spaces for rent requires a buyer to vet the property on various legal, environmental, physical, and efficiency-based parameters.

Since there is so much to remember when looking for commercial spaces for rent in Gurgaon, a buyer can overlook the most significant part of property scrutiny,

i.e., the property itself.

Inspecting Commercial Spaces for Rent in Gurgaon-Why Does It Matter?

The primary goal of real estate inspection is cost elimination. Many expenses are associated with leasing commercial spaces for rent in Gurgaon, including-

Basic rent

Legal fee for lease agreement consultancy

Professional property inspection cost

Renovation cost

documentation /certification costs, if any

Maintenance costs

Security costs

Improvement costs

Equipment/amenity costs

Temporary leasing costs

Brokerage commissions

Subletting costs

Of course, a buyer and a landlord share these costs. Plus, not all of them are levied in every case. That’s what makes property inspection so crucial; You must understand which expenses are valid for the commercial space you’ve chosen to rent in Gurgaon.

Avoid These Mistakes When Inspecting Commercial Spaces for Rent in Gurgaon

1.     ·         Don’t assume regulatory compliances unless stated on paper. Check every bit of           legal certification and government permissions for the property.

        ·         Don’t skip the actual inspection process. Be present during the property

inspection, regardless of whether you hire professional assistance or not.

1.     ·         Don’t attend a property inspection unprepared. Research a little and come up with        a list of things that might become a cause of worry when you rent

commercial spaces in Gurgaon for your office.

1.     ·         Don’t skim through the inspection report. Consider every suggestion in light of your        primary purpose- cost elimination.

        ·         Don’t analyze the space vaguely. Assess its utility according to your present and            future requirements in mind.

Appropriately conducted real estate inspection can provide an overview of the property’s strengths and weaknesses. You can use those insights to determine the compatibility between your business requirements and the chosen commercial space for rent in Gurgaon.

Looking for Commercial Spaces for Rent in Gurgaon That Meet All Your Expectations?

Come to Galaxy Magnum Infraheights Limited

Galaxy Magnum Infraheights Limited presents the new business sensation of NCR-Magnum Towers.

Strategically located in a 6.75-acre-wide green campus at Sector 58, Golf Course Extension, Gurgaon, Magnum Towers is an innovative architectural example that presents business environment and commercial spaces as a united front. Its breathtaking double-height entrance lobby, eco-friendly design approach, natural light & air utilization, high-tech amenities(elevators, chillers, power backup), and

fully-automated building management system justify the commercial significance of Magnum Towers.

If you want to know more about premium commercial spaces for rent in Gurgaon, equipped with state-of-the-art facilities, get in touch with us.

Source Link: https://www.galaxymagnum.com/must-avoid-mistakes-when-inspecting-commercial-spaces-rent-gurgaon