Tag Archives: office space for rent gurgaon

Commercial Space Gurgaon

Commercial Office Space Gurgaon

Office space in Gurgaon has come a long way, especially the unleashed creativity for the office interiors, most of the companies prefer to go with Customized Office Interiors these days rather than already fitted out spaces and it makes a lot of sense…more than anything else, work environment these days is a priority and interiors of a space take the lead in creating a good working environment. When companies go with the custom furnished office spaces, they can play with their own brand colors and plan the space totally as per the desired specifications, from the flooring to the ceiling to the entire office space.

One great example of custom furnished office space is the new office of Panasonic, which has been created to meet the needs of the current times with state of the art facility to allow for work and play, very unlike japanese companies, panasonic has also realized the importance of having work spaces that are not just work horses, but a lot more to do with engaging and involving people into the organization through various ways.

Great example to lead the way to what is expected from Office Spaces in Gurgaon

Here are some pics….Source of Pics ET Realty.

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Solution to Space Expansion Problems

Office Space for Rent in Gurgaon

The problem of Space & Expansion: In our experience of working with various multinational organizations, we have had one typical problem that has always been there without a solution, let’s understand the problem first:

All businesses like to grow and plan their growth over a period of time, so they start with a smaller team initially and over the next 1 or 2 years, if business is good, they grow out of the space, they hire more people as they grow but the space doesn’t grow with the number of people… ultimately, they have to move the entire office and spend more resources and time in relocating. During the initial phase of office space acquisition, the tenant would have either spent a huge amount of money on doing up the interiors of the space or would have signed up a lock-in period in case the landlord would have done up the space. In either case, the tenant would end up losing money, time and resources to relocate. But the point is that the business growth cannot be stopped when the going is good…

So, the question is if there is a solution to the problem? How would it be possible for the tenant to expand within the same building or on the same floor? Well while there is no real answer to this problem, we believe that there are some ways in which one could possibly cover up for the proposed losses. Here are a few things that one could possibly consider when it comes to finalizing the office space for rent.

There are two things that one should look at, out of these, one is pertaining to the documentation and how the lease is to be worded, and the other is more of a physical aspect of the space that you finalize in the first place. So, let’s look at what would be a good thing to add in the Lock-in clause or on the overall lease. There are two ways to cover up for some of the losses or let’s say proposed losses should the company want to expand and move to a bigger size office. The first recommendation would be to reword the Lock-in clause to read something like this:

“That in case the company terminates the lease before the lock-in period is over, it will have to pay to the landlord the rent for the remaining period of the Lock-In period, however, in case the Lessee can find a suitable replacement tenant within the Lock-in period that is acceptable to the Landlord, in such case, the Lessee would be exempt from paying the balance month’s rent of the Lock-In period.”

This of course is to capture the essence of the clause, I am sure different lawyers would find different ways to word the same clause.

The second way that I believe should be interesting is to look at a space which is a larger space held by the same landlords and take a “First Right of Refusal” on a predefined additional space that is adjacent to the space being leased and also add a clause within the lease with a minimum time period for the clause to come into effect. e.g. if you are signing this clause in the lease, it would be great if you could get the landlord to agree to making this clause come into effect after 1 year or operations and that the landlord to keep this specific space empty for the 1 year period. (Although it is difficult to get the landlords to agree on this, but it is a possibility and should not be ruled out.)

Know Before You Go…

Office Space for Rent Gurgaon

Know Before You Go: As part of our endeavor to maintain utmost transparency with our clients, we believe that it is our responsibility to educate clients on some other costs that you should be aware of while signing up for an office space in Gurgaon.

  • Super Area: Any quotes that you may receive in Gurgaon would be on Super Area basis, typically the wastage would be anywhere between 30% to 35% to arrive at carpet area.
  • Maintenance Charges: Typically, when you get a quote for any premises, it would be on the Base Rent basis. You should be aware that there would be an additional charge of about Rs. 15 to Rs. 20/- per sq.ft. per month, which would be charged as a maintenance charge, which typically includes The Common Area maintenance, The Elevator Maintenance, The Horticulture Maintenance, The Power Back Up Maintenance (The bill for power back is as per consumption), In most cases, the Air Conditioning is included in the Maintenance, however the AHU billing is part of the electricity meter reading.
  • Lease Registration Charges: These are charges that are spent on the stamp duty to be paid to the government for registering the lease; it is a one-time cost for the 9 year period of the lease tenure and is typically shared between the Landlord/Tenant equally.

Illustration & Formula for the Lease Registration Charges:

 

Expense Heads Costs
Stamp Duty (3% of Average Annual Rent for Lease Tenure) e.g. for a 5,00,000/- per month Rent, the Stamp Duty costs would be approx Rs. 2,08,350/-
Other Government Charges 16,000/-
Legal Fee 11,000/-
  • Electricity Charges: There are two kinds of electricity bills that you would be expecting, one for the government supply and the other for the power back up. Both these are typically metered and separately billed every month.
  • Parking Charges: Typically, you would get 1 Car Park per 1000 sq.ft., but that is not the thumb rule, it really depends from building to building. More dedicated car parking spaces generally can be acquired at a cost of around 2,000 to 4,000 per car park per month, depending on the building and location.
  • Brokerage Fee: Typically the brokerage fee is equivalent to 1 month rent in Gurgaon. However, we would love to add BresMed in our portfolio, so will be happy to negotiate on our terms.

 

Understanding Gurgaon

Things to know about Office Space in Gurgaon

Gurgaon has been buzzing with corporate activity and is host to a host of multinational organizations with either their head offices or brand offices in the city. The primary reasons for the interest of multinationals to have their offices in Gurgaon are:

  • Close proximity to the Capital City of Delhi & being part of the National Capital Region.
  • Close proximity to the IGI International Airport. This has been one of the primary reasons for the success of Gurgaon over Noida, as one of the prime criterions for multinational organizations to have an office is the proximity to an International Airport.
  • Business Opportunity, considering that there are a host of other multinational organizations in the vicinity offering a tremendous growth opportunity.
  • Aggressive Development of Modern Buildings. The city’s government and the private developers have not left any stone unturned to go all out in creating some of the finest buildings with modern amenities to support the influx of the multinational companies. Creating a business environment for success.

Office Spaces in Gurgaon:

There are primarily four segments that the Gurgaon Office Spaces are segregated into:

  1. Commercial Office Spaces: Commercial Spaces are free to use the premises for any kind of commercial activity and is completely restriction free from the type of work that the organization plans to conduct. These buildings are typically slightly more premium and expensive as they have no restrictions on the activity. Needless to mention that other factors like location, proximity and quality of building would play a role in the pricing.
  2. IT & ITES Spaces : With the sudden IT Boom, the government categorized a separate segment allowing developers to build a larger area on a specific plot of land, this was almost 1.5 times the normal construction allowed on a piece of land. The idea was to be able to provide slightly cheaper office spaces to boost the IT enabled organizations.
  3. Institutional Spaces: These spaces were specifically carved out as Research & Development locations and primarily constitute of Sector 44 & Sector 32 of Gurgaon.
  4. Industrial Spaces: Udyog Vihar that was initially the Industrial hub of Gurgaon with the Maruti Suzuki to it’s fame, later inclusion of IT as an industry, made home for a host of IT companies like TCS, IBM, Accenture, HCL and a host of other companies found a home at cheaper price points at Udyog Vihar, Gurgaon.

Value For Money Office Space in Gurgaon

Cheap Office Space near Medicity Gurgaon

Some of the key factors and prime criteria that one needs to think through before taking up a cost effective office space in Gurgaon to my understanding are:

1. The Maintenance Amount: While most of the buildings offer a maintenance amount equivalent to about 18 to 20 per sq.ft. It is possible to bring this down to about Rs. 10/- per sq.ft. by choosing the right area to locate your office.

2. The Super Area Wastage: Typically, most buildings in Gurgaon would have a super area wastage of about 35% to 40%, which means that if you sign up for 10,000 sq.ft. of Super Area, you are likely to get an effective area of anywhere between 6,000 to 6,500 sq.ft. There are some office buildings like with a much lower super area wastage, in some cases as little as 10%, which means practically, you are getting an office space with 90% efficiency.

3. Parking Slots: While most of the buildings offer Office Space with limited free car parking spots, while some of the other more sought after areas like DLF Cyber Greens does not offer any free parking whatsoever, each car parking slot is priced at around Rs. 3,500 to 4,000 per car parking per month, in some cases even Rs. 5,000 per car parking per month.
While the thumb rule of office space for rent in gurgaon is 1 car park free with every 1000 sq.ft. of office space.

There are some buildings offering a lot more car parking space than the normal buildings, in some cases 3 Car Parking Spaces per 1000 sq.ft.

Here are the details of one great value for money space in Gurgaon:

Area: 7700 sq.ft.

Location : Opposite Medicity, Gurgaon

Free Car Parkings: 20

Setup: Warm Shell – Flooring/Ceiling/Ducting all done. No Furniture.

About the Space:

This is a warm shell space which was earlier being used by an institution and is now available for lease. The building has three floors out of which the owners have leased out the 3rd floor and are using the space on the 1st floor for themselves; the space offered is the entire independent floor with an independent lift on the 2nd floor measuring 7,700 sq.ft.

USPs:

  • Completely Independent Floor with private access.
  • Low Super Area wastage of about 10% as compared to other buildings offering a high wastage of about 38%.
  • Ample Car Parking, 20 Dedicated Car Parkings in the premises.
  • Low Maintenance costs, only Rs. 10/- as compared to the rest of the Gurgaon market which is between Rs. 16 /- to Rs. 20/- per sq.ft.

The details of the commercials are mentioned below:

 Download as PDF: Office Space in Sector 32

 quick rent contact
Commercial Details – Proposed Space in Sector 32, Gurgaon.
Heading Information
Total Proposed Area for Lease 7700 sq.ft.
Total No. of Floors G+3
Type of Building Institutional Building
Building Outlook Modern Glass Facade/Old Style Concrete
Age of the Building Approx. 8 years
Air Conditioning Type Central Air Conditioning
Floor Offered 2nd Floor
Type of Office Spaces Available Warm Shell, Flooring / Ceiling/Partitions Done.
Current Rental Range (Subject to Change) Rs. 55/-
Maintenance Charges (Subject to Change) 10/-
Proximity to Eateries Within 500 mtrs.

  Location Advantage:

Very strategically located just close to the Medicity with easy access from NH-8 and close proximity to the Metro Station.

 Please see pictures for  your perusal, Call us for more details :

Furnished Office Space in Sector 44

Furnished Office Space in Sector 44 Gurgaon

This is a very well furnished office space in Sector 44, which is a sector that is closest to the Huda City Center Metro Station. This is an entire floor of a building offering very good quality of interiors and large size of workstations.

There are about 70 Workstations, with MD Room, Conf. Room, Pantry, Cafeteria, Sitting Areas, Meeting Areas etc. The furnishings is modern and as good as new.

Here are some actual pictures of the property:

Apart from this space, we also have custom furnished office spaces in Sector 44, Gurgaon.

Furnished Office Space for Rent in Gurgaon

Furnished Office Space in Gurgaon

This is a very nicely furnished fully equipped office space for rent in Gurgaon. Absolutely ready plug and play office located on Sohna Road in Iris Tech Park, Gurgaon. This location and specifically this building is an IT building and is most cost effective in the entire Gurgaon.

Total space available is 6,000 sq.ft. having furnished workstations, meeting rooms, MD Cabin, Managerial Cabins etc. Fully Equipped Pantry and separate washrooms for ladies and gents inside the main office in Gurgaon (National Capital Region  New Delhi) India.

Landlord is a very friendly gentleman and is open to some changes as desired by the client…

Interior Configuration:

Area Offered
Building Name WeldoneTech Park
Location Sohna Road, Gurgaon
Rent/Per Sq.ft./Per Month 50/- per sq.ft.
Maint. Charges/Per Sq.ft. /Per Month 17.5/- per sq.ft.
Area 6,000 sq.ft.
Covered Cabins 7
MD Cabin 2
Seating space or workstations 32 can be increased to 65
Meeting rooms 1
Board room/Conference Room Capacity 1
Reception Area Yes
Pantry Yes

Advantages:-

  • On the least congested and the broadest accessible Commercial Street of Gurgaon which is a double side on way traffic same road. 6 Kms from the Huda City Center Metro Station.
  • Already a host of multinationals having their offices in the location.
  • Easy Access from NH-8 via Exit 10.
  • Direct access from the main road in to the building for a clear drive in and drive through.
  • Convenient, cost effective and sufficient parking inside and outside the building.
  • Cost Effective office space for expanding companies.
  • Grade A Building with modern glass façade and facilities.