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6 Reasons Why Gurgaon is a Paradise for Offices and Firms

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Well-known as the Singapore of India, the city of Gurgaon is also considered to be the first private city in India. The city was the ‘first’ in India to have a privately financed metro rail facility and a private fire station. It is still the fastest growing city in the country wherein the office space absorption with almost every company willing to rent commercial property had crossed the 30 million mark in the year 2011 itself. As per a recently released report by the Economic Times. The city of Gurgaon is the most sought-after market for office spaces.

A city that was an ordinary town 25 years ago now has become a city that’s home to nearly half of the Fortune 500 companies. This blog explores the reasons why:

  • For long, the city had no local government at all

It was the year 1979 when Gurgaon parted its way with the city of Faridabad. Just contrary to Gurgaon, Faridabad was privileged to have national and regional rail connectivity, basic infrastructure. And national and international industrial units managed and monitored by an urban local authority. The provision of no urban government proved to be a great asset for the city. Generally, when any real estate body or any other private company wants to acquire the land for certain purposes. They need to deal with a large number of bureaucratic layers.

But the case was totally different in the city of Gurgaon because the chief minister of the state was having the veto power on land conversion. All this resulted in the lowered overall cost of all types of transactions while making the land acquisition easier and hassle-free. The private bodies willing to be operated within the city felt the ease of making roads, highways, and a large number of other structures.

  • The city offers unmatched ease of construction

The city of Gurgaon is one of the rare cities in the country. Where private entities find it easy to construct different types of buildings and structures. When compared to other cities in the country. In Gurgaon the builders and developers don’t need to roam and wander in the bureaucratic corridors for a variety of necessary permissions. Whatever the provisions in the system, they get a nod almost in no time. This has enabled various reputed real estate developers to create world-class spaces for office space rent.

  • Gurgaon was built from scratch

Any city when built from scratch has so many privileges and advantages. For example, enforcing business-friendly policies and norms is easier in such cities. One of the most amazing facts associated with the land in Gurgaon is that most of the land available is idle and infertile. As a result, there was no opposition from the landowners at all in the conversion process from agriculture to non-agriculture. This also contributed to making the land cheaper for different parties including corporates and real estate developers.

  • Planned by the private parties

For any city to function well, ample and apt planning is quite imperative for proper functioning. Here, the example of the city of Jamshedpur in Jharkhand can be cited to support the said view. The city is 100% planned by the private parties. In the same way, the real estate giant DLF owns the largest parts of the city of Gurgaon but still they don’t have something that Tata has in Jamshedpur. So, DLF cannot provide sewage or water supply.

Be that as it may, private actions can prove to be fruitful in this regard. For instance, in Gurgaon, the number of privately deployed guards is more than the government deployed security personnel. This has resulted in a lesser crime rate in the city when compared to Faridabad and even Delhi – the national capital of India. Taking things to the next level, DLF in association with the Haryana Urban Development Authority (HUDA) is making a joint effort to create a 16-lane signal-free expressway.

  • Gurgaon is adjacent to Delhi

The city of Gurgaon enjoys the privilege of being close to Delhi – the national capital of India. Over the past 2 decades, Delhi has been facing a never-before space crunch with property prices always skyrocketing. When Gurgaon started prospering, it grabbed the attention of firms and offices operating in different parts of the national capital region (NCR). Relocating to the suburbs of Gurgaon is still a hot trend and a large number of companies today are willing to  office space Rent

This scenario explains why the city of Gurgaon has proved to be a paradise for different firms and offices. Being close to the Indira Gandhi International (IGI) airport, Gurgaon location-wise enjoys a special privilege. Another neighboring city called Faridabad has a well-connected railway facility providing industrial units, especially those in the manufacturing sector with an additional edge.

  • Overall business-friendly and encouraging environment

Today, Gurgaon has become a prime location for both national and international businesses. Just because it provides them with the right kind of aura associated with their business address. Almost all the businesses are trying to join the big league by establishing their office in the city. This is the reason the demand for the well-furnished rent commercial property is growing by leaps and bounds. Over the past few years, the Haryana State Government has also come up with newer plans and schemes for the required pampering of the city. And, it is quite logical also because the city has become the highest revenue generator for the government.

Concluding Remarks

AIHP is one of the leading providers of world-class workplaces in Gurgaon. The company has earned a formidable reputation by creating, implementing, and managing unique concept-based spaces for businesses and firms of different types.

AIHP is the first entity within the domain to offer corporate office space as a product rather than a group of outsourced services. Be it the challenge of expanding the existing business, relocating, or just starting a new office. AIHP does it all for its valued customers. Those willing to  office space rent in Gurgaon or need any well-furnished rent commercial property can get in touch with AIHP right away.

Factors and Benefits of Rentable Commercial Property You Should Know

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Discovering the right office space can be a challenging job for a business, especially when it is in its blooming stage. Despite this fact, Many companies and startups are choosing the best available options by simply considering a list of factors and flourishing at an astonishing rate. Consider this list given below to discover and rent commercial property.

List of factors

• Location

When it comes to real estate, the first factor has to be ‘location’. Experts suggest that even rentable properties should be chosen at the best location in order to bring more convenience to your daily business operations.

The definition of location varies for residential and commercial properties in different aspects. An office on rent in Cyber City will have different features in terms of location such as conveyance, availability of resources mandatory for offices, the presence of other businesses supportive to the venture, etc.

You will also have to make sure that your clients are able to communicate with you in no time. Make sure that your employees are able to connect to your location hassle-free. If they feel tired just by reaching their workstations, the output of your team will automatically reduce.

• Rent rate

The second most important factor that determines the type of commercial property you can choose is rent. The amount you will have to pay every month will matter a lot when it comes to company expenses.

The rate of commercial property is higher than that of residential properties. You need to maintain a balance between your requirement and your capability of spending on rent. Hence, overspending will cause unnecessary financial stress on you.

In this aspect, analyze your financial condition wisely and realize what the need of the moment is. Apart from rent, there are other overhead expenses linked to an office on rent in Cyber City. For instance, you will have to afford a deposit for the property and will also have to consider maintenance, parking, energy bills, etc. These costs will reduce in volume but increase in number when you choose to share an office space with other companies.

• Floor space

The third most important factor is the floor space. You will have to choose an optimum floor space in terms of your office requirement. You can utilize the extra expenses in other domains. Similarly, choosing a small space may make your office look cluttered and can hinder the normal workflow. Hence you should rent commercial property that suits your need and offers ample flexibility.

• Infrastructure

In today’s world, office space is not only a floor with chairs and tables. There are so many things to consider creating a modern environment where employees will love to work and clients will prefer to visit for business.

Hence, your choice of office space will be a prime factor that decides the level of first impression. For this, a considerable investment is required. You can still find affordable space in commercial properties offering exclusive services such as cafeteria, parking, business lounges, internet services, reception, virtual office space, concierge, etc. You can decide to A rent commercial property after considering these added services.

Why Choose a Rentable Commercial Property?

There is a saying in business that the less you are obligated the better you can make exceptional financial decisions. Managing your capital investment is a crucial point in the success of your business. This is where leasing property for fully furnished commercial purposes can be a great idea. Check out the reasons mentioned below that will encourage you to choose a Commercial Property for Rent.

1. Access to remarkable options

Considering the features of your business and brand recognition, discover rentable commercial properties in the best locations. Budding ideas and blooming enterprises need exclusive perks and location-based workstations to flourish. This factor becomes a crucial point in the preliminary phase of a business. When you are planning to expand your business or want to cut down the required resources, an office on rent in Cyber City is the best bet.

2. Flexibility

The more you keep yourself free from obligations you can avail of brilliant options. For instance, when you buy a commercial property, you will have to stick to it and might have to face hurdles to cut down expenses while increasing space for future requirements. Hence, rentable commercial properties as you can make a brilliant choice in the present according to your need and can make better decisions in the future.

It means you can change your resources according to your present requirement and do not have to feel the financial pressure whatsoever.

3. Investment control

There is no need to spend a fortune on commercial properties in prime locations. Consider renting a property as you will also have to pay installments when you buy one. Of course, a property bought is an asset and works well for the portfolio of a business. In this aspect, attracting financial pressure might not be feasible for some. Hence, rented commercial properties are ideal for the time being.

4. Fewer obligations

Buying a property can attract a lot of responsibilities. On the contrary, renting a property does not add major financial obligations. All you have to do is to pay the rent on time and a few other added fees. Major repairs will not fall into your account. Your responsibility will be to keep the internal area clean and maintained.

Verdict

Consider following these points mentioned when you are willing to choose an office on rent in Cyber City. Make sure your decision is budget-friendly and supports your business plans well. Keep your options open and focus on optimizing these resources to manage your finances better. Focus on the location of the property and avail only those services That you need to run your business.

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