MNC’s Are Increasingly Finding Advantages in Finding Office Space For Rent in Delhi

MNC’s are steadily looking for office space for rent in Delhi owing to rising property prices and increasingly fierce competition from new age innovators and businesses that are on the brink of making new products and technology that have the potential to be market disruptors as well as serious competition in the event of receiving traditional funding. Historically, MNC’s have always set up big campuses and purchased acres of land to set up mega offices in most metro Indian cities owing to high financial capabilities. Recently though, with the emergence of coworking spaces and shared spaces, MNC’s are increasingly opting for office spacefor rent in Delhi.

With increasingly globalized brand positions and better access to information as well as easier means of doing business, companies are increasingly finding new ways to reinvent business, cut costs, ensure flexibility along with sustainability and keep the competition at bay. Rented office spaces offer the following advantages over purchased offices:

1. Less Capital Commitment

A rented space will in comparison cost much lesser than a purchased space of the same size. The cost benefit can help divert saved financial costs to scaling the business and reaping rich dividends in an ever changing market.

2.   Flexibility

Office space for rent in Delhi offers an incredible advantage of flexibility in terms of how much capital a business would like to invest, the duration for which a business would like to set up offices in a location and the number of employees that can work in a location without exploiting full potential of available resources. Delhi features among the 10 costliest corporate real estate locations in the world and the flexibility can be a boon to organizations.

3. Test Capabilities

India is a very layered, confusing market and it has the potential to break the biggest players if they misread the market or take uncalculated and unaccounted for risks. An office space for rent in Delhi can help companies take risks with very low trade-offs and ultimately, keep refining products and strategies until they can hit the sweet spot for their target audience. It gives organizations an affordable space to make mistakes.

4. Extra Facilities

An office space for rent in Delhi can enable organizations to provide their employees with perks and benefits that may or may not be possible with an owned space owing to a need for standardization across the business premise. Sometimes, a purchased space may be smaller than a rented space, effectively cutting all means to increase facilities intended to boost employee productivity and well-being through activities outside their scope of work.

Tips For Finding The Best Shared Office Space in Noida On A Budget

One of the greatest moments in life is that time when you decide you want to move your talent and/or business into an office. It signifies not just a step higher, but also the opportunity to turn it into so much more. If you are a freelancer or a new business, scaling it might become tough and there will be numerable challenges along the way, financial and emotional. Luckily, we can keep a cap on the financial challenges by ensuring that we do not over commit costs by buying a new business premise. With the explosion of shared office space in Noida, it is now possible to avail of a sophisticated business premise at a fraction of the cost.

If you are looking for shared office space in Noida on a budget, here are a few tips to remember:

1. Address

Swanky addresses are expensive. Look for less trendy neighbourhoods that are still relevant to your business, even if slightly off centre. You will end up saving on a lot of costs that are indispensable to a business and get charged on a premium in trendy business districts versus off centre destinations. The money saved can be used for multiple purposes and will help ensure brand growth.

2. Check For Options

Many times, an office space for rent may get costly if you are the only person using it. A shared office space in Noida can help offset that cost by offering more avenues than a traditional office setup. Choose between renting a table space for flexible periods of time, sometimes as less as a day, to a cabin, studio or larger floors depending on your fluctuating needs.

3. Online Options

If you are someone who mostly or exclusively works from their laptop, you can choose to eliminate the need to rent a commercial space and rent a mailing address or opt for a monthly pass that can be used depending on your need. It helps you scale your work to the next level by maintaining a professional approach and creating the right impression on prospective clients.

4.Check For Listings

Do not take anyone’s word on what is good for your business. Go out, scour the market and ensure you have all information before you make a choice. Check for listings across the internet, newspapers and business circles. Ask for reviews and invest the time you need to visit a place and vet it since a good or bad location can make or break the business. A shared office space in Noida can help you stay in front and centre of the competition.

Tips to Choose The Best Office Space For Rent in Gurgaon

Renting an office space is not as simple as saying yes to the first thing you find and starting to work from the next day! You need to take a number of factors into consideration, so that it turns out to be a wise investment. While finding an affordable space is often of paramount importance to most companies or businesses, it is essential to make sure that the office you pick caters to both your present as well as future needs. So, here are the things you need to consider before you decide on an office space for rent in Gurgaon:

• Focus on location – When you choose an office space, you surely want the ROI from it to be as high as possible. And location plays a key role in this. For example, taking up a space in a highly urbanized area can be expensive, but it might get you the kind of clients you need. Also, such office spaces will be well-equipped for both face to face as well as digital interactions, and create a positive impression on clients. On the other hand, an offbeat location might cost you less, but it might be far off from your client base, which can be a loss.

• Consider ease of commute – If it takes employees a very long time to reach your office, they are sure to get frustrated and it will be quite expensive for them as well. They might also start looking for other jobs. To prevent such a situation and to retain your best talent, it is a good idea to choose an office in a central location. It will be easy for you to hire new staff this way, as well. You can also look for an office space for rent in Gurgaon, which is close to a metro station or a bus station.

• Don’t ignore the surroundings – The things that surround your office space will determine how productive and happy your employees will be. And without content employees, you cannot expect to improve your bottom line in the long run. So, if your office is in an urban area, find out if it has cafes and eateries around it. This will allow employees to enjoy their lunch. Make sure there is a close-by or adjacent parking space for those who bring cars or bikes. If there is a park or maybe a walking track near your office, employees can take a break and get rejuvenated as well. It will help them perform better and boost your business.

• All about lease – A short term lease is ideal if you are looking for short term growth. This is because, if you terminate a rent contract before time, it might cause you to pay heavy fees. Also find out if the contract gives you the scope to design or decorate the office space in the way you want, so that you can accommodate the changing needs of your employees and your business.

Last but not the least; while looking for an office space for rent in Gurgaon, consider coworking spaces. These are smartly designed spaces featuring all modern amenities that your employees will need. They allow easy communication, ideation and inspire professionals to do their best. So, think ahead, consider your budget and choose an office space that aligns with your business goals.

The Big Boys Of Indian Businesses Are Slowly Making A Dash For The Hottest New Office Trend

A decade ago, coworking companies were virtually unheard of in India. Freelancers worked out of home or rented small spaces that didn’t eat away into their earnings and the larger companies constructed expansive business premises that existed both as a visitor’s envy and the business owner’s financial stress for maintaining these premises. With the changing face of businesses and increasing dependence on online means to initiate and promote business, businesses no longer need to maintain opulent premises to attract business or maintain a workforce. Shared working spaces are the next big thing that fuels entrepreneurship, growth and productivity and bigger companies in India are steadily picking up pace in joining the bandwagon of companies making amazing progress at reduced costs.

Coworking companies have the distinct advantage of well-maintained premises with every possible amenity a business needs at a fraction of the cost. These spaces also offer the distinct advantage of placing bigger companies in the company of innovators, incubators, innovations and new products looking to become the next big thing. Typically, larger corporations employ a sombre approach to work as opposed to the boisterous, playful approach to work at startups. As the workforce slowly becomes younger and younger, it is important to provide access to recreational amenities in order to attract and retain fresh talent.

Coworking companies also have a front seat to potential disruptors in every sector, enabling bigger corporations to not only match new technological and other updates, but also give a steady insight into companies that have enough potential to be acquired and taken to a mass scale of operations and distribution. Coworking companies not only boost real estate revenue for owners, but also provide for adequately creative real estate tie ups that could lead to revenue generation and brand visibility. Coworking also has an added flexibility of pay as you go services that ensure that a company can move its interest quickly without investing for a long period or incurring potential losses due to movement and in effect, halting quick adaptation to fast paced markets.

Perhaps, the greatest benefit bigger businesses can reap out of coworking companies is the growth and traction they can get from accessing technologies and products from developing startups that have the potential to change businesses and the world. Every life changing idea, product and innovation starts out small and eventually, with the help of a little finance and some push can lead to rich benefits for all parties involved.