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A Guide to Office Space Delhi

A Guide to Office Space Delhi

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Thanks to the transformed image of city of Delhi from being a center of politics to the economic hub of South Asia, number of renowned MNCs is keen on opening their offices in this happening city. As such finding the right Office Space in Delhi has become a major concern for these big enterprises. The net result is: the Office Spaces and business centers are more in demand these days and real estate agents are busy providing international standard office accommodations to their corporate clients.

Now when you are looking for Office Space in Delhi, you must consider the National Capital Region (NCR) too. The newly developed places like Gurgaon and Noida come with all infrastructural facilities that an international standard office can boast of. These areas are well connected with the proper Delhi through underground railway services and other means of public transport.

In the socio-cultural side of the city has undergone a massive transformation. The way people used to entertain themselves in the leisure time has completely changed and this change was sparked off by the coming up of shopping malls, multiplexes and specialty cuisine restaurants, and with more disposable cash in the hands of the common people. To keep with this change in the lifestyle of the employees, the companies prefer to take Office Spaces in Delhi in the areas bustling with life.

All these triggered off massive expansion in the real estate sector as a whole. To meet with the growing demands in the Office Space in Delhi, major construction companies are neck deep in the work and a number of fresh commercial projects are on the card. To match the standard of infrastructural services, a number of new roads and bridges are also being constructed. The transport system is being revamped and more international standard hotels are coming up.

All these growth and expansion have accounted for a steep rise in the prices of commercial properties. Rental Office Spaces in Delhi are costlier too. A standard Office Space rental in Delhi will cost you Rs. 50 to Rs. 150 per square foot per month. If you want to buy the same property it will cost you anywhere between Rs. 65000 per Square foot and Rs. 150000 per square foot, depending on the locality.

One of the most important considerations is: where in Delhi you will set up your office? There are two big commercial centers in New Delhi ---Central Business District (CBD) and Secondary Business District (SBD). Central Business District consists of the areas in and around the Connaught Place while the Nehru Place area in South Delhi is generally referred to as SBD.

Connaught Place has many strategic advantages due to its location at the center of the city and closeness to government offices. Here the infrastructure has developed for years. But it lacks some of the modern amenities like big parking places. Maintenance of old buildings has also become hazardous. However NDMC has adopted new plans for the modernization of this historical business center.

So far as BDS is concerned, it has become the computer hardware hub of the South Asia region having the offices of some of the corporate giants like Turner International, Ranbaxy, British Telecom, Chambal Fertilisers, etc. Depending on your needs you can set up your office in such commercial properties as include International Trade Tower, IFCI and GESCO.

While looking for Office Space in Delhi, keep in mind the legal aspects pf transaction. Before sealing the deal with any real estate agents, make sure you are dealing with legalized brokers and developers. Don’t forget to get ownership of important documents including Title Ownership Documents. Also get a stamp duty on the property from a local court.

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