Before You Buy

‘To err is human’! Well mistakes are silly things. They annoy you and times leave an imprint long enough, but these are the only lessons you could expect life to give. True in its most abstract sense and in practical life and its nuances, this is something that will act as your guide.

In my hunt for an ideal residential property, I learned quite a few things about home buying. But sadly, since I am so much in love with my newly acquired Wave City Centre villa, I will barely need to put my knowledge to use. So, I just penned it down for others to avoid making the same mistakes. It may look like a haphazard list of precautions and advice, nothing like the expert column in dailies, but it is the first hand experience of a fellow buyer. So, hopefully it will help.

• Never rely on fliers and ads boasting about cheap property and finance facility. One or two initial site visits will be enough to teach you this. So why not save time.

• This point is an extension of the previous one. Always consider reputed names such as the Wave Group for residential projects in Noida. Their process and customer service are good and streamlined and you will rule out chances of falling prey to forgery and land mafia.

• Now site visit is extremely important. Even if the building is not yet constructed and you have nothing but a barren stretch in the suburbs to see, go for it. The builder sites around that area and connectivity by road will help you a lot in making the final decision.

• Keep safety foremost and amenities secondary, only then should curb appeal come in, which you can always improve. Make sure that your order of priority isn’t the reverse.

• Go for the sample flat visit whenever it’s ready for a tour. It will give you a fair enough idea of how your actual apartment may look. However, understand that these flats are not the exact replica of your house and it would be smaller in space than what you see.

So, with these tips, explore the market and choose your dream home.

Locate Your Business’s Location With Care Part-2

As we were talking about the best available options in the town and analysing them thoroughly to pick the ideal one, here is a little more insight on how to go about it. The key factors to remember all this while will be your consumer base, consumer base and consumer base! Think, idealize and rationalize in their style and you can hit success bang on.

So, further to the last post, here are a few more points just before you seal the deal of your new commercial property.

Blend in yet stand out

The demographical research might have left you with a handful of options in your town. Before you settle for one, investigate the local community. Visit the surrounds and see what businesses are doing well. Speak to other businessmen and setup a plan to play on the familiarity string yet stand apart from competitors.

Slice and Dice your competitors

Again this depends on the type of services you have at offer. To some existing competition may not matter, but retail sector cannot afford to rule out its ill effects. For instance, you plan to open a restaurant in a posh locality, knowing your competitors would help you design the ambience better. Especially while renting commercial space in Noida in strata titled malls; it is much likely that you can encounter tough competition. So, if you choose the better services and high footfall that these places receive keep your resources high up to combat the tough fight. Ensure that you are resourced enough to stay a step ahead of the rest, be it the store location within the mall or how you deck-up the place.

Exposure and Accessibility

First of all take out the list of your business needs and see if you even need to go through this pointer. An internet service provider won’t bother if there are others in close vicinity but the same isn’t true about a fashion outlet. If customer perception, instinctive buying, and outer glam are important to your business then parking, foot traffic, grandeur, high street surrounds and all such factors matter. The kind of people your business is exposed to makes a difference in your sales and profits. Conversely, for new commercial properties in Noida meant for office use, such things don’t matter so much.

So be wary of such nuances and implement good research into this first physical step of setting up your business.

Why Invest In Commercial Property?

Got a stomach for high adrenaline windfall return investment venture? Then commercial real estate sector is the right strategy for you.

This has not been typical of small investors in the past. Given to the high cost high commitment demands, institutional investors have been ruling the monarchy—but not anymore! With the market sentiment improving and investors getting savvier on the nuances of the market, retail sector and medium budget investors have joined in on the commercial property investment game.

So, when you plan to jump in, know that there are three ways you can take to approach it. Either you can buy it directly from builder, invest in shares of a realty developer, or put money in realty funds focused on commercial property investment.

Were you to choose the first method and enjoy complete ownership rights, current market trends work in your favour. Sensing the interest shown by middle class, builders have launched smaller units as well making it affordable for both consumers and investors. Now you have a myriad of options both in stand-alone high street units and shops in malls, which is a stark contrast to past trends. Financing is also butter smooth, with banks being keen to offer up to 60% LTV on commercial properties for borrowers with a clean credit score.

Considering the reasons people showed increased interests in this genre, there is a combination of factors that governed the general feeling. Foremost, the rental returns of it are way higher than residential properties. While a home in excellent condition can give back 3 to 4% of net worth annually, investment in commercial property can easily lead to 10 to 12% returns through rent. Second, the demand for office space is skyrocketing year after year across India. By 2015 it is expected to go up to 200 million sq ft.

Furthermore, hassle free renting ad longer leases typify these. The better rents, professional tenants and frictionless experience are only add-ons to the typical price appreciation that was the motto of the whole deal.

Locate Your Business’s Location With Care Part-1

The aspiring entrepreneurs are brimming with enthusiasm and are fresh in perspectives. High on their dreams, they are keen on starting up ambitious ventures which they aspire to take a long way. In their passion for success, small factors are often overruled. But any industry maven will tell you that victory lies in detail. And finalizing the location for your business is one of such decisions. Since, your brand’s image and its face are closely tied, you need to hunt for it with due care.

People in retail sector should always carry two perspectives while going about anything: the businessman’s and the consumers. Here are a few factors, you should not overrule while choosing the base station of your dream plans.

Understand your needs

Prior to even start sorting out available options amid commercial properties in Noida know your business’s needs. It all depends on the type of services you are pledging to provide. Are you banking upon walk-in business or your customers will call in for enquiries and appointments or do you plan to market stuff online. Does your business need natural resources? How do you obtain your supplies and deliver goods? Do you even have goods to offer or you sell your services. Will you be producing substantial amounts of wastes and affect the environment considerably? All this counts! So, make a comprehensive list, if need be make one of those polished presentations you learned making in b-schools for yourself. It will help you build perspective and better address your needs, picking out the right commercial property in Noida.

Recognize relevant audience

Pinpoint your customers’ needs and expectations and foremost, recognize who they are. Analyse the demographics carefully and read the trends relevant to your business only then can you locate an apt retail space in Noida. Which age group, income group, gender and class of people will gain most from your services? Once you know who you want to reach out, placing yourself somewhere accordingly will be much easier. You can even contact the local census department for latest demographics. The research will help you in the longer run as well.

So, don’t shy away from digging up facts and getting a sound understanding of things. Red on the next post for further details…

Understanding Commercial Property Investment Better

Commercial property investment – the words put together portray a rather heavy, baffling buzz. Undoubtedly, the nuances and the intricacies are as difficult to understand as the words individually are.

Carving a space in the commercial investment is not as straightforward as it is in Residential investment. People need a home to live in; no matter how bizarre are the factors and considerations. However, an investment in commercial space needs scrutiny of the finest degree to make sure that nothing hampers their growth in the industry. Here is a quick glance at some considerations that need to be shoved down the throats before you go hawking for commercial property.

 Location

Nothing bolsters a commercial business better than the residences in its surrounding areas. Renting property for commercial business is not a tortuous task at all; what is daunting is to find the right location that will support the business in a broader perspective. A location might be gentle to your wallet, but if it is not gentle to the residences around, the possibility of business growth will be bleak. Commercial space in Noida is garnering rapt attention due to the great infrastructural and aesthetic facilities.

Space around the location is another imperative factor. Make sure that you don’t end up setting your commercial business in a place that is cluttered with other businesses, but doesn’t give any space to customers to visit. The location should be preferably neat and quiet, and spacious too!

Price

Price is one area in which the investor will never go off the lane. Property leases are generally construed on long term contracts, some for as long as 10 years. Returns from a commercial property are bolstered by income, and this should always be kept in mind. Only a good commercial business would be able to ensure greater returns in the long run.

It is important that commercial property investment be trudged upon warily, with much patience and an open mind.

 

Designing a Commercial Interior Space

Designing a commercial space interior can span from small spaces to large commercial setups ranging from retail outlets, restaurants, office lobbies and other commercial estates. The process of interior designing for a commercial starts with planning when designers get to work with architects to establish necessary additions that enhance appearance of a finished workspace. Designers use furniture and decorative items to achieve the design objective.

With new commercial properties Noida projects underway, all designing aspects cater to the latest design elements considering the pre-planned blue print created by architects is in line with new design implementation needs. There are good reasons why an existing or new business should give due importance to commercial interior design. For instance, retail outlets that are well-designed tends to attract more customers rather than ones that look like a four-walled brick and mortar structure. The art to getting more customers to walk into your store by means of welcoming interiors acts like a persuading aspect that compels them to spend more time instore.

A commercial space in Noida features such elements, which is why they are one of the most sought-after spaces in the NCR for rent or purchase. In most cases, the project should have a set of goals such as a theme or corporate branding elements. For example, an IT company could furnish the lobby with a theme in tune with technology focusing on evolution of IT and throw in images of a futuristic world using contemporary abstract designs.

The task of the designer is to identify client needs and to work within the budget given and achieve desired goals. This involves frequent meetings to plan the renovation needs and involvement of the architect in charge to share ideas and suggestions. Designers then create drafts of how the renovated place would look like to help clients envision their business space and make necessity edits to the rough model as desired.

How to make your room look commodious?

Are you wondering how to decorate your small house effectively? Nowadays, owning a 2BHK apartment is like achieving a big thing, especially in metropolitan cities such as DELHI, Mumbai and Bangalore.  All that needs to be considered is how setting is done, as it has a major role to play in making the place look god. It is advised that instead of overdoing decoration and hanging many show pieces here and there, be specific to what’s being placed. There seems no sense in dumping anything and everything that comes to view. Mirror work will add in a glimpse of perfection to the overall space, if it’s being taken care of effectively, says professionals of best construction quality real estate company. Here’s how mirror work can make a big-time difference:

Mirrors add-in illusion of spaciousness in the room. This is though a common technique that you have had seen many a time at commercial places, spa centres and dentist’s clinics to make use of this strategy and make the overall place look spacious. This would be an innovative thing to try at home so do check out each and every aspect. If you are pessimistic to give it a try, fret not, an online search is enough to suffice and make you familiar to different aspect that can be tried. Say for instance: instead of hanging wall frame and make it dull or boring in any way, you can place a large decorative mirror. However, try to place mirror in such a way that it faces the opposite side of the light source. This way, this will get the maximum reflected light in the bedroom, and making the room look commodious.

Factoring Reasons to Invest in Commercial Real Estate

A commercial space is valued differently to a residential. The rent of a commercial property is based per square-foot measurement which is not the case with residential. Hence, a commercial space is where investors would put their money on – this means more appreciation when sold and higher rental amount as an income stream.

For instance, investing in a commercial space in Noida a couple decades ago would have been a viable option as such properties help expand the risks involved. If you own a five-apartment house and lose one of five occupants, you lose one-fifth of the income generated from that property as opposed to the entire rent generated if you had owned a single house.

There is higher cash flow generated from an office space in Noida that adds to the booming commercial real estate revenue. In an office space, the owner enjoys a higher yield in terms of per square foot and if you are an owner of a multi-unit commercial property, you can generate income exponentially.

When compared to residential, the lease duration of a commercial space in Noida is much longer, which helps the owner ascertain the potential cash flow within that lock-in period. This is why financial institutions and banks also value a commercial space differently. This adds to their financial standing and the owner’s as well and if the location is perfect, you can expect higher rentals.

All said above, one common error of thought that most property owners make is that a commercial space will never experience foreclosure – all properties do. Most financial books will mention that foreclosure apply to an office space as much as it does to residential units. Financial institutions and banks do not differentiate between property types. If you cannot pay up the mortgage, they will cease your property.

When choosing to invest in any property, do your homework, research, ask questions – as many as you want to clear all doubts – speak to previous owners and find out how lucrative is the place for business. Once you are thorough with information, make your decision accordingly.

Carving A Commercial Arena – Expressway Noida Explores The Horizon

Most people often find themselves in a rut while trying to find out the right commercial space in noida to cater to their ever increasing demand for the right location and the right property. Well, the rut seems to have deepened a little further it seems, for the escalating needs of commercial space in noida, and the diminishing areas in which the space could be carved out, have created mayhem amongst the property dealers and acquirers alike. Undisputedly, Noida is one of the most prominent hubs for all the commercial activities. Added to this, all the developers are seeking to carve out a slice of their businesses in noida, hence making it severely susceptible to a scarcity of the much required commercial space.

Relocating to rather posh locations like Noida has become a trend. Unsurprisingly, people’s dominating presence in the commercial and the service sector in this region have pushed the stretch, several notches below in the trajectory of the commercially available areas. In such a scenario, the need for new commercial properties in noida has become imperative. With the advent of the noida expressway, a lavish and an extravagant infrastructure has come into existence. The stretch over which the noida Expressway expands has brought a blizzard of new developmental projects to the sprawling areas.

In addition to this new endeavor that has brought a myriad of commercial opportunities at its helm, the Noida Expressway has also opened the gates to far better facilities that include better and newer flyovers, improved roads and shopping malls.

Real estate markets and the acquisition of new commercial properties in Noida spark higher rate of returns. Investment in commercial property is always rooted in the desire to reap off its benefits later in terms of better ROIs. In such a case, what better way to relish the ROIs than a privately owned property at Noida Expressway?

 

Virgin Paper-Manufacturing Calls For More Chemical Processes

Anything that’s recyclable in nature is blissful, as it does not come with hovering risk of getting depleted for future generations. Say for instance: paper. Paper plays an important role and it’s hard to imagine educational genre without paper. Though there are many e-books and other electronic sources, nothing can ever replace imperativeness of paper, concedes a noted businessman, Kulwant Singh Chadha.

It has been heard that there are people who mistake of thinking otherwise in terms of paper recycling, which is not true in any way. Here’s a low down of three major myths about paper:

1.    Do not bother about whether paper is recycled or not as every paper available in market is recycled, which is not true: there’s still a long way to go as yes, paper can be recycled, but statistically, only a 30% of the total paper availability reaches paper manufacturing in India, thus, there has to be more awareness amid people about recycling process for further recycling.

2.    Every paper-type can be recycled as many times as intended: there are a few paper types that can be recycled hardly ten times, whereas others can be recycled dozen of times.

3.    Paper recycling can affect nature: according to professionals, virgin paper sheets do call for more pollution, as more chemical and bleaching agents are used. Thus, keeping in mind the same, this process do not harm the environment in any way and serves the beneficial results.

To sum up, these are a few things that people usually mess with thus, from next time onwards, prior to formulating any such mindset, do not forget to recall these myths and the facts about the same.