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5 Points To Know Before Renting/Buying Commercial Spaces In Noida Extension

Recently, your startup has taken off the ground and you need to expand your team. This means you need to make a decision to either rent or invest in a commercial space in noida extension. But you realize that concepts usually associated with real estates such as lease agreements, cost-per-square-foot, office layouts, and blueprints are not your cup of tea. Finding right office spaces in Noida extension can be both exciting as well as challenging. Here we look at a few pointers that you could consider while searching for commercial property and commercial space in Noida Extension.

1. Location

Location matters when choosing your commercial office space in Noida. The office space that is easily accessible can be expensive. You need to strike a balance between how much you are willing to pay versus the accessibility of your office. Also, this depends on the nature of your business. If your work is primarily online and non-client facing then you can look for a location that is more affordable. However, if the nature of the business is such that there are going to be walk-ins, then consider a road facing space on the ground level. The other things to consider are the vicinity of eateries and bus stops.

2. Amenities

This is an important point to consider while searching for a commercial property in Noida extension and commercial space in Noida extension. One of the amenities here includes parking space for the employees and the clients/customers. There should also be basic amenities such as a pantry, well-lit and round the clock water supply in the washrooms. If there is a breakout zone consider it to be a perk but its optional.

3. Connectivity

Though this may sound like a trivial matter, in the era of Internet technology, you should check out whether there are reliable internet and telephone network. Remember, today most of the businesses are conducted over the telephone and Internet. Therefore, you need to ensure that there is a presence of at least two or more reliable and reputable broadband service providers.

4. Reputation of builders

Credentials of the builder should be considered before investing in a commercial space in Noida Extension. If you are getting it done through a real estate broker, do not shy away from asking him questions regarding the broker before signing on the dotted lines.

5. Paperwork and term agreement

Whether you are buying or leasing the office, paperwork can be complicated. Ensure that you get the advice and help of a reputed advocate who is familiar with real estate dealings.

If you are buying the space ensure the builder provides you all the registration certificates that include the clearance from the state government, property tax receipt, ownership transfer documents and so on. On the other hand, if you are leasing out the commercial retail space have a contract of lease commitment drafted out for minimum 5 to 7 years. Look out for flexible lease terms with the owner.

Buying or renting a commercial space in Noida Extension is not just an investment in terms of time and money, it’s also an investment that will define your business and its work culture.