Get Your Home Monsoon Ready

 How can home owners ensure that their homes are ready for the rains and ensure that it does not cause any harm to the safety and beauty of the home? We offer some suggestions...

While the arrival of the monsoon season may bring relief to many, after the sweltering heat of summer, it is also the time to prepare and protect the home. Leakages not only damage the look of the home but can also spoil the interiors, including furniture and furnishing. Home owners, hence, should check for the smallest signs of damage and take prompt action, to ensure that the problem does not become uncontrollable.

Water-proof Your Home

Water-proofing protects the structure from extreme rainfall and also saves on repair cost and hassle, in terms of breakage and weakening of the the structure.

Seepage of water and dampness can also pose serious health hazards, as dampness and cracks lead to the growth of fungus, moulds and algae. Dampness can cause home owners to develop allergic reactions, asthma, irritations in the nose, eyes and throat and other respiratory ailments, cautions Sanjay Bahadur, global CEO, construction chemical division, Pidilite Industries Ltd. These problems can be avoided, if a little precaution is taken. “Different surfaces are exposed to diverse challenges. Hence each surface needs the right kind of water-proofing. Merely water-proofing the roof, is not enough to ensure a leak-free home. The home will be fully protected, only when all five possible areas for water entry – below the ground, internal wet areas (bathroom, kitchens and balconies), roof, concrete water tanks and exterior walls – are properly water-proofed. All broken plasters and cracks should also be repaired,” adds Bahadur.

Check The Surrounding Area Of The Building

Prior to the monsoon, also check the surrounding area of the building compound, or the garden area of the bungalow. “Check if any tree branches in the garden or terrace are weak and need trimming, lest they give way in a heavy downpour and cause damage. Make sure that the drainage in the house or even outside the villa is checked for blockages. Metal doors, frames and grills of windows and balconies should, ideally, be given a coat of paint before the monsoon, to prevent rusting and corrosion,” says Prachi Chavarkar, co-founder of ArchiLab Designs.

“Water and electricity is a dangerous combination. For outdoor usage, opt for electrical switches and lights that are designed for external usage. Also, get an electrician to check all the connections before the rains, to avoid chances of electric shock or short-circuit,” adds Chavarkar.

Keep The Home Pest-Free

Puddles and stagnant water are common during the monsoons. As mosquitoes breed in stagnant water, one should keep areas like air-conditioner ducts, drains, trays beneath potted plants, etc., clean and dry. Clean the terrace and rainwater drainage pipes of dried leaves, so that water can flow easily and not stagnate. Before laying a carpet on the floor, ensure that the floor is completely dry. Alternatively, roll them up and store them away for the season. Vacuum and air them well and keep camphor balls along with the carpets, before putting them away.

“It is better to do a pest control treatment before the monsoon, so that all the hidden worms and bugs are eradicated from the house. Use antibacterial fluids for mopping the floors, as dampness can encourage the growth of bacteria and termites. Opt for a cleaning agent, which is designed to keep bugs away. Indoor plants not only add to the moisture level in the house but also house insects. Hence, keep potted plants outside during this season,” says Shantanu Garg, founder and creative director of Shantanu Garg Designs.

Caring For Furniture and Accessories During The Monsoon

When cleaning furniture, avoid using a wet cloth and instead, replace it with a dry cloth. “All leather bags, belts and shoes should be kept in cotton or muslin bags, as this will keep them new. Also, instead of placing footwear directly on the shelf, place a newspaper first and then, keep the shoes on it. This will keep the shoe rack clean,” adds Garg.

Home Maintenance Tips For Rainy Season

• * To get rid of the damp moist smell in the rainy season, use scented candles and burning oils.


• * Ensure that the clothes are completely dry, before keeping it in the wardrobes. Keep silica gel pouches in cupboards or between clothes, to soak up the moisture and prevent the growth of fungus. Also, put some dried neem leaves (not on the clothes) or naphthalene balls in the cupboard, to keep fungus and mildew away.


• * Keep the kitchen area dry. When cleaning the cabinets, keep them open for some time to prevent bad odours and moisture from being trapped inside.


• * Install metal canopies and shades over windows and balconies, to prevent water from coming in.


• * Place a small bucket near the main door, to keep wet umbrellas. Allow the umbrella to dry, before keeping it back in its place inside the house.


• * Light a few pieces of camphor in a diffuser as camphor is an effective mosquito repellant.

TO KNOW MORE ABOUT HOMES FOR SALE IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT

Realtor's Perspective On Thane's Future

Real estate developers and real estate consultants are partners in the sales and marketing process.

As a real estate consultant, I have seen that there exists mutual respect between developers and consultants across the country, but in Thane, as Thane Estate Agents Association (TEAA) President, I would reiterate the fact that we have high levels of co-operation and co-ordination between CREDAI-MCHI Thane and the TEAA.

I have been a member of TEAA from the Year 2008, and since then, I have been witness to the vital role played by our TEAA members in the marketing and sales of Thane’s real estate. TEAA has always been in the forefront of organizing real estate markeng and sales driven activities. We have organised more than 100 events for our Members in co-operaon with CREDAI-MCHI Thane over the past few years.

In other real estate markets, the situation is different – there is an element of jealousy, unwillingness to work ‘in sync’ among other challenges; but in Thane the relation between real estate developers and real estate consultants has always been cordial. Over the years, this co-operation has grown even as the city expanded and new micromarkets came up. From Shilphata to Bhayandar Pada and all the locations in between, TEAA members have been guide-posts to the process of real estate development, and it has always been in partnership with CREDAI-MCHI Thane.

Now, with the upcoming infrastructure structure growth, and the plans for new roads and flyovers as also the Metro Project, we will see a changed outlook for Thane’s real estate. The waterway which will connect Vasai – Virar with Dombivli - Kalyan through the centre point Thane, will enhance the interactive reach of real estate markets which'll recently were considered distant. The tunnel through the National Park will impact Thane’s property prices in the same way as the WorliBandra Sealink brought Worli’s property price points to Bandra’s real estate.

This merging of micro-markets across different geographies will change the paradigm, and Thane’s real estate will broad-base itself across larger distances, leading to exponential growth in property sales, with Thane as the main focus, the centre-point. TEAA will have to gear up to face the new opportunies which these new developments will throw up, but TEAA’s dedication to Thane will always remain constant, and will always grow in sync with CREDAIMCHI Thane.

What I have observed since the past two decades is that property prices in Thane have slowly and steadily moved upwards. The best part is that over two decades down the line, the trend is still the same. This makes Thane a great investment opportunity for some more years.

As the natural advantages of location and standard of living across locations in the city continues to win the heart of people, who end up making Thane ‘home’. Thane is truly blessed by Mother Nature, with verdant greenery, Beauful mountains, lush green hills, lakes and the Ullhas River, all of which make Thane a peaceful location - the key to being attractive to home buyers.

Over and Above this, the Real Estate Developers of Thane have constructed such lovely complexes with high rises and luxurious amenities, with the result that home seekers across the Mumbai Metropolitan Region dream of buying a property in Thane. In this process of reaching out to potential home buyers, TEAA cooperates with CREDAI-MCHI Thane and we go along hand in hand and support through events which we hold.

TEAA has conducted a City Convention with support from CREDAIMCHI Thane. Looking at the tremendous growth of real estate sector in Thane, TEAA in association with CREDAI-MCHI Thane had organised a Convention in 2020, where we had Invited National Association of Realtors - India (NAR-India), when we had Mr. Naresh Mhaske, the Mayor of Thane as the Chief Guest.

CREDAI-MCHI Thane is a well organised association of Builders and Developers of Thane, the best part being that almost all its members try to keep up their commitments and keep their customers happy.

Lawrence Anthony Shetty,
President, TEAA

TO KNOW MORE ABOUT REAL ESTATE CONSULTANTS AND AGENTS IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT

 

7 Bedroom Decoration Ideas On A Pocket Friendly Budget

 No matter the time of the year, it is always a good idea to spice up the bedroom decor and give it an extra charm

There is a good chance, you already have a long list of articles and recommendations to help with ideas for decorating your private space. And if you do not know where to start, you will find it is not as easy as it may seem.

It may seem like you are confined by limited options, squeezing in a comfy bed and if you are lucky a nightstand but there are ways to pack plenty of styles into your limited space. Bedroom decor is actually harder than that any other part of your home. Lavish decorations and multiple elements usually make it into clutter, so don't forget that a bedroom's main function is to rest and recharge.

Your cosy bedroom may be a blessing for a good night's sleep. so it is recommended to keep stimulating distractions like TV and the internet out of the bedroom as it disturbs your sleep pattern. The less there is to do in your bedroom the more sleep you get for yourself. How is that an intelligent idea to cash in more sleep?

So, kick start your bedroom decoration with these 7 Simple Ideas...

1. Keep The Layout Simple

There isn't a magic trick to change the layout of your home. however, you can get creative and make the most of the space you have in your bedroom. now, keeping it chic isn't easy with small space because the bed takes up most of the space.

So the best way to keep the layout simple is by placing the bed in the centre of the main wall rather than placing it on the side adjacent to the side wall because the adjacent wall is likely to have a window (you do not want to miss out on curtains, right?). Having space to walk on either side is key not only to a room flow but also to give you space to make your bed.

2. Love Your Comforter

Bed comforters are a great way to make you feel comfortable and make you sleep like a baby on cold winter nights. There is no reason however, for them to spice up your room decor.

Apart from offering the utmost comfort, the right comforter can add warmth and elegance to your bedroom. Comforters are available in different designs and sizes, appropriately crafted to match the dimensions of your bed and your personality. if your style is quirky go for bohemian prints, for elegance chooses from ethnic prints in light colours, to match your art go for geometric prints in vibrant colours and if neither works you can always rely on a dual comforter.

3. Pamper Your Feet

An area rug in your bedroom can tie other stylistic choices together and give the impression of completeness. it can be used to break up a room and create a more intimate and personal setting.

An area rug by the bed can also be a nice way to hide scratches or stains on the floor but, more importantly, they are the best on cold mornings to keep your warm fuzzy feet comfortable. it is crucial to take note of what is expected of the rug in your bedroom in order to make the right choice. so give it a thought.

4. Give Your Bed A Second Job

Between late night and 7 am the bed is for sleeping but in the daytime, you can arrange some extra throw pillows against the wall to make it ideal for lounging around in the afternoon with a magazine or a book.

The other job your bed can do is be a concealer for your 'dirty laundry' (do not take it literally). Dirty laundry means; things that are seldom in use but hard to move around in the bedroom. it can store your extra fold-out mattress or a small coffee table or even a hiding place for your camping equipment (if you are into that sort of thing).

5. Choose Wall Accents That Add Colours

Most contemporary ideas would suggest that calm and minimalistic is all rage now but you know you can not sleep in an all-white bedroom or all beige or all red, right?

So when it is not always convenient to paint the room more often, interesting wall accents in comforting colours are ideal for the bedroom particularly, cooler colours like blues and grays, as opposed to warm tones, work the best. A contrast of black and white can also work - lay down a nice foundation to layer with an area rug or curtains.

6. Prefer Mounted Lights Instead Of Table Lamps

Just say NO! to table lamps and floor lamps, they take up space in your bedroom and provide tiny use in return. we know what you are thinking, this is turning into a Marie Kondo expedition but no, instead you can choose a scone light on the wall above the bed. Ideally, a swinging arm that can be adjusted downward on the bed or to brighten up the whole room adequately.

If you are partially inclined towards the pendant lights of a hanging chandelier in the corner, one of those would work too.

7. Breezy Curtains

By breezy we mean, adjustable. Besides adding a vibe to your bedroom curtains are also an essential element functionally. During the bright day hours you would want it to be darker and on quaint evenings preferably translucent.

So then, what is ideal? Choose your Colour Palette and mix it up! Two smart ways are to replace closet doors with curtains or use curtains to create a room divider. Either way, be sure to pick colours and textures that feel good in your space.

Bedrooms vary greatly in size and shape. The best way to make the most of your small bedroom is to opt for practical furniture pieces that serve more than one purpose that suits your liking.

TO KNOW MORE ABOUT INTERIOR DESIGNERS IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT

MCHI Thane Virtual Expo 2022 Is Back

 CREDAI MCHI Thane’s Virtual Property Expo gets good response from NRIs.

The success of PROPERTY 2022-THANE, the real estate and home finance expo organized by CREDAI-MCHI Thane, resulted in one query: until the next such event, how to ensure home seekers can get access of all details relating to real estate projects in Thane, which would help them make the right choice?

Under the leadership of Mr. Jitendra Mehta, President, CREDAI-MCHI Thane, the Expo Organizing team brainstormed with the Digital team, and came up with the ideal solution: take the real world property expo on-line in a digital format. Live on the internet, it opens up opportunities for those who couldn’t visit the expo in person to attend it virtually. In the first few weeks of going live, the Virtual Property Fest has received good response from NRIs.

The CREDAI MCHI Thane President explains: “All developers who participated in the expo, and the projects which they exhibited during the expo, are being hosted on the virtual expo. In effect, this extends the life of the expo, albeit in a virtual avatar. It also provides a second opportunity to all who missed attending the highly successful 19th edition of CREDAI MCHI Thane’s property and home finance expo.”

The virtual expo is not just about extending the tenure of the expo; it also provides better, effective and enhanced promotion of Thane’s real estate.

The real world expo aimed to reach out to potential home buyers and investors from Mumbai, suburbs and the Mumbai Metropolitan Region (MMR). “The Online Expo will connect Thane’s property with millions of imminent purchasers through the web, and these will not be restricted only to the MMR or Maharashtra; but across India and even abroad,” he adds.

Digital is a unique platform for holding a property expo. “If visitor’s safety is a priority, and bridging gap of thousands of miles across Oceans the aim, the virtual property expo is available at the click of a button. With all exhibitors and properties which were exhibited during the real world expo, with most developers offering similar festive discounts, offers and promotions as they did during the actual expo, it has created the perfect platform to showcase Thane’s real estate. The biggest value-add has been Global Indians, the NRIs who are able to visit the virtual exhibition easily from their phone, tablet, computer or laptop - from the safety of their location, whichever country they may be located in.” said Mr. Jitendra Mehta.

The virtual expo is easily accessible 24x7. “Home seekers can visit exhibitors stalls, listen to speakers, download project brochures, visit developers website and get all the information they need to plan for their property purchase or investment in Thane’s real estate,” he points out. “That’s not all, the virtual exhibition lets home seekers connect directly with respective project developers and also get the best deals.”

“Conferences, trade shows, career fairs, and seminars are omnipresent in most geographies, and are leveraged by companies and large organizations. These events are part of campaigns to either reach a larger audience, attract home buyers, or reach out to investors. In the current global scenario, not all who wish to attend such events are able to attend physically. This is why CREDAI MCHI Thane opted to host this virtual event.”

While in-person events and conferences are a tried and true method of holding events, taking these to a virtual environment is something we have worked out as a marketing outreach from CREDAI MCHI Thane, which not only reaches out to those who missed the expo, but also helps connect with NRIs as well. This is an endeavor to take CREDAI MCHI Thane and its members on the digital highway, keeping marketing in sync with the Digital Age Transformation we are witnessing,” Mr. Jitendra Mehta concludes.

Log on for virtual Expo: https://mchithane.org/virtualexpo2022

Jitendra Mehta is CMD, JVM SPACES
& President, CREDAI-MCHI Thane

TO KNOW MORE ABOUT MCHI THANE VIRTUAL PROPERTY EXPO VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT

Maharashtra government revises income slabs for buyers of affordable homes

 June 15, 2022

The revised income slabs are expected to come into effect with the upcoming draw of around 5,000 affordable homes by MHADA in the Mumbai Metropolitan Region.

The Maharashtra government has revised the income slabs- a criteria to determine who is eligible to purchase affordable homes constructed by the Maharashtra Housing and Area Development Authority (MHADA).

In a notification issued on May 14, the Maharashtra housing department said that the annual income slab for the economically weaker section (EWS) has been increased to Rs 6 lakh for those residing in Mumbai, Pune and Nagpur Metropolitan Region, and Rs 4.5 lakh for the rest of the state. Earlier, the income slab cap for the EWS category was a monthly family income up to Rs 25,000, or Rs 3 lakh a year.

For the lower-income group or LIG segment, the annual income limit was raised to Rs 9 lakh for Mumbai, Pune and Nagpur Metropolitan Region and Rs 7.5 lakh elsewhere, going up from Rs 25,001 to Rs 50,000 monthly income (upper limit of Rs 6 lakh a year) for the entire state. Further, the income slab for middle-income group (MIG) families, which was Rs 50,001 to Rs 75,000 a month (upper limit of Rs 9 lakh annually) for the entire state has been revised to up to Rs 12 lakh statewide.

Families earning an annual income of over Rs 12 lakh fall in the high-income group (HIG) category, up from the Rs 9 lakh limit earlier. There is no upper limit set for HIG category.

The revised income slabs are expected to come into effect with the upcoming draw of around 5,000 affordable homes by MHADA in the Mumbai Metropolitan Region. The last revision of income slabs was undertaken in 2016 citing the need to match the income limits defined by the Union government under the Pradhan Mantri Awas Yojana (PMAY) scheme.

In addition, the carpet area for affordable homes has now been defined as up to 30 square meters for the EWS category, up to 60 sq m for the LIG category, up to 160 sq m for the MIG segment and up to 200 sq m for HIG families.

Source: www.moneycontrol.com

TO KNOW ABOUT THANE REAL ESTATE DEVELOPMENT CONTACT US AT 022 2580 6868

About 20,000 housing societies in Maharashtra can gain from cooperative bank funding

 June 14, 2022

The housing finance limit of 5% of the total asset is expected to boost self-development of societies in Pune, Mumbai, and Thane, Maharashtra Housing Federation vice-chairman Suhas Patwardhan said.

PUNE: Nearly 20,000 housing societies and apartments planning self-redevelopment in the state will benefit from the RBI’s decision to allow cooperative banks to grant finance for the commercial real estate-residential housing segment.

The housing finance limit of 5% of the total asset is expected to boost self-development of societies in Pune, Mumbai, and Thane, Maharashtra Housing Federation vice-chairman Suhas Patwardhan said.

“Real estate projects involving redevelopment are key areas in the property market, especially in growing cities.As per the RBI notification, all district cooperative banks and state cooperative bank will be able to grant loans to housing societies for self-redevelopment instead of them handing over the project to a developer for commercial real estate-residential housing according to the notice on June 8,” Patwardhan added.

The decision is expected to open more liquidity and financing avenues for real estate development. Federation members said that it will help housing societies implement the 2019 GR to promote self-redevelopment.

Bank manager Shrikant Karegaonkar said that the RBI monetary policy has doubled the limit of housing loan for cooperative banks. “It will help reduce the impact of inflation by pumping more funds into the housing sector and open opportunities to customers with the cooperative sector,” he said.

Members of housing societies said that while 5% of the total assets looks small compared to the demand, the limit may be extended and it was a good beginning.

Source: realty.economictimes.indiatimes.com

TO KNOW ABOUT THANE REAL ESTATE DEVELOPMENT CONTACT US AT 022 2580 6868

Lease income from ‘residential’ property is exempt from GST

 June 8, 2022

MUMBAI: Rent or leave and license fees received by an owner of a residential flat, even if such flat has been let out to corporate entities for use by the latter’s employees, will not be subject to goods and services tax (GST). This was recently held by the Authority for Advance Rulings (AAR), Maharashtra.

In cities like Mumbai, residential flats are often let out, on a lease and license basis to business entities. In turn, the concerned company allots these flats to its key executives for their residential purposes. Letting out of residential flats is exempt from GST, but does the mere fact that it is let out to a corporate entity transform its character? This often becomes a contentious issue. Kasturi and Sons, which had proposed to let out some of its residential flats, located in a posh South Mumbai area, to Life Insurance Corporation of India (LIC) approached the AAR. It contended that the flats that are going to be let out are residential apartments and they are going to be used for residential purposes only. Merely because these flats will be taken by LIC does not change the end usage to ‘commercial’

The bench was composed of members Rajiv Magoo and R. R. Ramnani, who ruled that flats which are used for residential purposes, irrespective of whether they are let out to individuals or to commercial entities will be covered by the exemption notification dated June 28, 2017. In this case, as the nature of the end use was residential; Kasturi & Sons would not have to pay GST on the monthly leave and license fee received by it (This was proposed to be Rs. 145/sqft).

Indirect tax specialist and founder of a CA firm, Sunil Gabhawalla explains, “The exemption is available if the property being let out is a residential dwelling and is used for residential purposes. If the property is used for commercial purposes, the exemption is not available and the landlord or licensor would be required to register and pay GST at 18% if the annual rent crosses 20 lakhs.”

“The ruling correctly holds that the commercial nature of licensee (which is LIC) would not be relevant to decide the eligibility for the exemption but the actual use of the property - residential stay by employees of LIC is the determining factor,” adds Gabhawalla.The AAR bench in its order pointed out that the submissions made by the jurisdictional GST official defined all logic. He had submitted that: LIC is a commercial organization and hence the staff to whom the flat is let out can sit late in office and work more. LIC is a profit-making company. So, in order to increase profit, the facility of residential quarters is given to employees, which is a commercial use.

The jurisdictional officer had also submitted that the exemption notification would not apply, but he had failed to provide any reasoning for his opinion, observed the AAR bench.In its order, the AAR bench also referred to a similar advance ruling given by the West Bengal bench. “The GST applicability is not decided by the nature of the property, but by the purpose for which it is used,” emphasized the AAR bench and held that the exemption notification would apply.

Source: timesofindia.indiatimes.com

TO KNOW ABOUT THANE REAL ESTATE DEVELOPMENT CONTACT US AT 022 2580 6868

Inflation overdone; Real estate to grow in near future: Report

 June 7, 2022

According to the ‘Bulls and Bears’, Indian valuation handbook, Indian real estate segment shows a good growth with largest ever launch in the pipeline by most real estate companies

Motilal Oswal Financial Services Limited’s (MOFSL), India valuation handbook ‘Bulls and Bears’, May 2022 edition stresses on the fact that the fear of inflation is overdone and the realty segment will see a good growth going forward.

According to the report, most Indian real estate companies have witnessed a 10%-15% rise in construction costs. Now even if the cost is around 25%-40% of the sales price, the overall impact on margins is restricted to 3%-4% only and the realty companies have been able to push a price hike of 5%-8% on portfolio level comfortably.

Strong pre-sales

Affordability, rising need of home ownership and sector consolidation etc. have paved the path for the Indian real estate sector to again see strong pre-sales momentum since the onset of Covid-19. The handbook mentions that with the largest ever launch in the pipeline by most Indian real estate companies, the Indian realty segment is expected to see a healthy demand in the near future.

Reduction in inventory overhang

Since 2013-14, though the housing demand has remained stagnant, the inventory levels have seen significant correction driven by consistent decline in new launches. As per MOFSL, unsold inventory has dipped notably to 4, 37, 000 units from the peak of 7, 70, 000 units in CY13 with the overhang now reducing to 23 months.

Impact of interest rate hike

According to the MOFSL report, while the impact of interest rate hike is expected to be minimal in spite of a similar hike which was made recently, it can have a negative impact as the rates start moving closer to 8%. In that case, most developers will have a 10%+ borrowing cost and this will in turn have an impact on their return profiles.

Realty sector valuation

The report highlights that the top 12 listed companies posted 43%/45% YoY growth in bookings in FY21/FY22. This should have ideally resulted in further re-rating of the stocks, but the rising cost pressure along with recent interest rate hikes have built in expectations of margin erosion and demand slowdown. Hence, post the recent correction, many stocks have now entered the value zone.

The sector valuation has corrected to below its long-term average P/E of 23.2x and is now trading at 21.2x on a one-year forward basis.

Source: housing.com

TO KNOW ABOUT THANE REAL ESTATE DEVELOPMENT CONTACT US AT 022 2580 6868

What Makes Thane A Real Estate Destination Of Choice?

 

It's a simple equation: entry level price points in Thane real estate still have the potential to grow effectively. In some projects, future growth potential has not already been factored into present-day pricing. That's factor one.

The second is relatively easy exit options, as also simple renting and leasing opportunities. Thane's real estate is driven by end-users. So, an investor wanting to divest or exit finds it relatively easier as compared to other property hubs.

Based on the investor's risk appetite and quantum of investible surplus, Thane's real estate has a wide range of offerings which span across locations, type and segments of real estate, as also price - points.

The safe and secure aspect of these options is based on real estate developers who are members of CREDAI-MCHI Thane. This effectively provides the safety and security of dealing with members of a self-regulated association, which has a code of conduct, follows ethical practices -and follows all RERA norms.

TO KNOW MORE ABOUT REAL ESTATE INVESTMENT IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT

5 Things To Keep in Mind While Choosing Your Office Space

 Unlike buying a dream home, where your heart and soul are the front drivers, choosing an office space is more of a rational decision made with the brain. Your heart might willingly agree on shelling out a little more on that top-floor office space in a commercial tower which oversees the countryside. But you need to kick the emotions out and not let this be the reason why you choose that office space over a space that is located in the city’s prime business center and also fits your budget. If you also want to make a rational and logical choice about your office space, just keep these 5 things in mind.

LOCATION

The first question to ask while searching for an office space for sale in India is its location. Your office location sends out a number of signals for your business. When located in the prime and posh locality, a company is considered successful while in a developing locality means it is still in its growing phase. Moreover, there are a number of IT parks, business centers, commercial buildings, and other prime locations where your business can be located to show off its growth rate. Also, consider the connectivity for employees and ease of accessibility for clients while choosing the location for office space.

COMPATIBILITY WITH YOUR BUSINESS

There are different types of office spaces being constructed by the top builders and developers of commercial spaces in India. Depending on the type of business, you can choose whether an office space is suitable for you or not. A spacious and well-planned office is required for those who have large employee base, a small office would suffice for those whose majority of work is happening on the web, and a plush and well-designed office space is indispensable of those who have foreign clients and other delegates visiting their office space.

BUDGET SUITABILITY

While looking for office space in different areas, there are a number of offices that you might shortlist. But you need to consider whether it is within your budget or not. The price of the space when buying it should not affect any other thing in your budget. In case you are taking the office space on lease, it is important to see if the leasing amount fits your financial goals. Moreover, there are many other hidden costs that the builder/developer might ask afterward like maintenance cost, parking space cost, etc., check them beforehand. Know the office space price in the neighborhood to know if the price is in line with the rest of the properties.

COST OF RENOVATION

The cost of an office space does not stop at the purchase or lease. There are a number of other expenses that come along with office space. You need to inspect the entire office space and premise to know how much modification needs to be done so that it becomes in line you’re your work and business culture. While there are some furnished office spaces with air conditioners, lightings, and other electrical fittings, there are other spaces that need to be completely renovated. Check for the total expenses for modification before you say yes to any office space.

GROWTH POTENTIAL

The space available in the office is another important parameter that needs to be considered. You need to check if there is any scope for your business growth in the office. Will it be able to accommodate everyone if you decide to increase your employees or add new set-ups to scale your business to new heights? The office space should have room for your business growth.

Various factors like your location, size of the office, infrastructure, modifications, scope for growth etc., play a crucial role in your brand image not just in front of your clients and customers but also in front of your potential employees. So, just keep the five things discussed above in mind to ensure that you’ve made the right decision regarding your office space.

TO KNOW MORE ABOUT 5 THINGS TO KEEP IN MIND BEFORE INVESTING IN COMMERCIAL OFFICE SPACE IN THANE VISIT REAL ESTATE THANE CREDAI MCHI THANE UNIT