Choosing the ideal commercial real estate is a critical stepping-stone in one’s business journey. Meticulous attention, therefore, needs to be paid to every crucial detail to ensure that the choice aids in promoting business growth rather than posing unwarranted challenges and repercussions. This is especially true in the case of selecting a commercial property in Mumbai, which involves a significant deal of investment. However, the growth in infrastructure and housing, as well as connectivity between business and commercial hubs in various corridors of the city, has aided in the rise of several new commercial and business hubs, such as the Worli- Prabhadevi- Lower Parel axis.
Factors that determine the ideal office space
Some of the important points to consider while buying office space are as follows:
1. Location and Accessibility of the commercial property
Connectivity poses the biggest challenge while looking for office spaces in Mumbai. It is important to take into account the proximity to both rail networks and roadways before buying office space in a particular location. Similar attention requires to be paid to the type of locality, as a posh location resonates stability while a developing one poses questions about longevity and growth potential.
2. Space for your company to grow
The commercial real estate you opt for should have enough space to not just accommodate the current technologies and workforce but also offer sufficient room for the addition of both physical and technical components as the business grows. This is important as it projects a positive image of the company to the key stakeholders, and aids in gaining popularity and fame in the competitive market.
3. Budget
Before deciding on a final price, take into account the facilities as well as compare it to the prices of other office spaces in the neighbourhood. Calculate the total cost of buying or leasing the space, which includes both the lumpsum cost of buying the property as well as various other costs such as construction and restoration costs, moving expenses, parking charges, electricity bills, food and beverage costs, etc.
4. Infrastructure
The comfort of the employees of an organisation is of pivotal importance as it promotes motivation and positive drive, which in turn aids in the growth of the company. It is, therefore, important to take into consideration the age of the property as well as the essential facilities offered by the commercial real estate, such as power backup, internet, security, parking, recreation, dining options, etc., before opting for a particular office space.
Opt for state-of-the-art office spaces in Mumbai by Indiabulls Real Estate located in the core of the Central Business Zone of Lower Parel. Connected by both the central and western railways lines, as well as the Western and Eastern expressways, the Indiabulls Financial Centre with its three towers and upcoming Tower 4 offers the most sought after office spaces in the city. It hosts numerous recreational facilities along with an ad hoc business centre, wellness centre and delectable dining options. The One Indiabulls Centre too offers supreme commercial real estate spaces for businesses to grow, within its unique tower, which has earned both LEED and GOLD ratings, while offering an array of amenities such as state-of-the-art security services, business centre, recreational zones, wellness facilities, cafes, lounges and dining options in the heart of the business landscape of Lower Parel.