6 results found | searching for "OfficeSpacesinMumbai"
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Negotiating Office Space in Mumbai Are you and your firm looking to find an office space for rent in Mumbai? Well, this blog post goes thru the process of negotiating price when renting an office in Mumbai and surely will be useful especially to those who have minimal experience in this domain. The first thing to know, is that practically every office space for rent in Mumbai is negotiable. And if you want to put a number to it, we’d say over 99.9% of landlords would be willing to come down from their asking price of their Mumbai office. And why is this? Well, it’s certainly part of Indian culture to negotiate for pretty much everything and negotiating on price for an office space on rent in Mumbai is no different. With that said, landlords and developers offer their Mumbai office spaces for rent at higher rates than the going rates as they are well aware that they will be negotiated down by the future tenants. Now the question is how much is one willing to negotiated down… there is no straight answer, but 5% is usually very doable and 10% often times is as well, but once you start entering the teens, it gets a bit more difficult to pull off the negotiation for that office space in Mumbai your firm has its eye on – it is possible nevertheless. On a side note… as a property site, Jagaha.com must post the price that is given to us by the Mumbai real estate developer or owner. It is important to know that nearly all prices on our property site will be negotiable given the above. In addition to just the monthly price of the office space rentals in Mumbai, there are other components as well that can affect one’s monthly rent, namely: a deposit given (which is generally 3 months rent but can be as low as one month and as much as a full year’s rent) and advance rent can be given. The higher the deposit given for your next office space for rent in Mumbai, the more wiggle room you and your company will have in negotiating a lower monthly rate. Do note, that in Mumbai commercial real estate, the deposit amounts do no accrue any interest. However, compared to other places such as the United States, it’s more common practice for the tenant to get back the full amount of the deposit back. There will almost always be a deposit needed for your traditional office on rent in Mumbai. Giving the owner of office property in Mumbai advanced rent is another way to reduce one’s monthly rent payments. Advance rent can be given quarterly, semi-annually or even annually. Similar to a deposit, the more money you give the office space owner the more wiggle room you will have on reducing the monthly rent for your office space in Mumbai. And the last strategy aside from the straight negotiation of the monthly rent, the deposit and advanced rental payments for your next office on rent in Mumbai, is to sign a multi-year lock in deal – again similar to the advanced rent and deposit, the more years you lock in for, the better leverage your firm will have in negotiating a lower rental price for your Mumbai office. We hope the above helps you prepare for negotiation with your landlord for that office space in Mumbai of your dreams. We have a full team of Mumbai commercial real estate professionals that can help you thru the entire process from shortlisting properties in Mumbai from our property site to negotiation to closing the deal. Thank you in advance for choosing our commercial property site, Jagaha.com. TAGS: #CommercialOfficeSpacesinMumbai #OfficeSpaceinMumbai #PriceNegotiation #RealEstateMumbai -
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Expand Beyond Commercial Properties in Mumbai? Our commercial property site, Jagaha.com, launched in April 2016 with our exclusive focus being commercial properties in Mumbai and the surrounding area, namely Thane & Navi Mumbai. We started with only retail shops for rent & sale as well as office space for rent & sale and since then have expanded into entire commercial buildings, commercial showrooms, restaurants and coworking spaces in Mumbai. We have been recently asked by our clients if we will be looking to expand our operations outside of commercial properties in Mumbai to perhaps other commercial real estate localities? From analysing other property sites and other start-ups, we feel that most have expanded too early for a number of reasons and feel at this time that going to another City would be pre-mature (and frankly unlikely this year and even next year). Not to state the obvious, but Mumbai is a huge city and if we are able to be dominant above other property sites for commercial properties in Mumbai from office space for rent to entire commercial buildings for sale – that would be quite the accomplishment and feel that shifting to another locality would make sense then. This dominance would be gauged by online traffic, inquires and by the ability of our Mumbai commercial real estate agents gaining some real market share in regard to transactions for commercial spaces for rent and/or sale in Mumbai, Navi Mumbai & Thane. Jagaha.com is not there yet, so in the meantime, our property site will continue to focus on our objective in being the “go to” for Mumbai commercial real estate. However, given that the question of expanding has come up frequently as of recent, we will be happy to entertain our views of which other commercial real estate hub would our property site expand too…. And would love your input as well. So, if we had to expand to another City in India for our offering of office spaces for rent to shops for sale to coworking spaces etc, we would shortlist the following locations: Pune, Bangalore & Delhi. We find Pune attractive as its in driving distance of Mumbai (if any issues occur, our core team is close by in Mumbai), our property site is already Maha RERA registered and it’s not a massive City like Delhi so we could more easily test out a market outside of our focus of commercial properties in Mumbai. Lastly, Pune is a major market and growing substantially with a number of large IT firms, Banks and Pharma companies choosing to have major operations in Pune. Bangalore is the most attractive in terms of growth and frankly the most exciting given the prospects of the City growing as possibly one of the global hubs of tech innovation. There has already been substantial growth in the Bangalore commercial property market. In fact, in recent quarters the demand for offices in Bangalore has exceeded office space for rent in Mumbai on a per sq. ft. basis. Demand for office space in Mumbai will be more diverse & stable than that of Bangalore which will have ups and downs given its dependence on the well-being of IT companies & tech innovation. The more stable option of all, including even commercial properties in Mumbai, would be Delhi. This is due to the fact that it is the Capital and regardless of what happens, the Capital City (especially for such a large country such as India) will provide the most stable market for Indian properties and of course, commercial properties would be no exception whether considering shops for sale or office space for rent. However, when looking at the potential of future growth, Delhi likely falls short of the two above mentioned commercial property site localities. So… if we had to choose between the three options, we would say that likely our first market outside of Mumbai commercial real estate would be Pune. Pune would likely make the most sense as its smaller and closer and at the same time a substantial commercial property site hub. If you were us, which commercial property site locality would you choose? If you are thinking of getting a commercial property in Mumbai, Thane and Navi Mumbai then do not think too much go now to jagaha.com and choose the property according to your requirement. You can call us directly on 09029000670 or drop us mail on info@jagaha.com. #CommercialProperties #CommercialPropertiesinMumbai #CommercialProperty #CommercialPropertyInMumbai #CommercialRealEstate #CommercialRealEstateMumbai #OfficeSpaceinMumbai #OfficeSpacesinMumbai #RealEstate #RealEstateMumbai #StaySafe -
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Coworking Spaces or Offices on Rent in Mumbai? Coworking spaces in Mumbai have gained in popularity at an increasingly fast rate where many have opted to leave the “coffee shop” and even opt out of the more traditional office space for rent, to instead select a coworking space in Mumbai. There are plenty of reasons why one would choose a coworking space over an office on rent in Mumbai, here are some of the common reasons why a company may opt for a coworking space in Mumbai… The company: Consists of just few people to usually no more than 7-8. Requires ready to move in office space with all the amenities. Needs the office space for rent now. Cannot commit to a lock-in period. Does not want to pay for a deposit. Unsure of future growth. Cannot afford a private office space for rent. There are plenty of other reasons, but from our property sites’ experience aggregating coworking spaces in Mumbai and speaking the hundreds of seekers of coworking spaces in Mumbai, the above eight reasons listed above are generally why many opt for coworking spaces over an office on rent in Mumbai. Let’s briefly touch over the points listed above. The cost of a seat at most coworking spaces in Mumbai ranges from 8,000 rupees a month to up nearly 20,000 rupees depending on the quality of the office space, the commercial building and the location. If you have a firm of just a few people then it makes sense to pay the cost per seat instead of getting into a long lock-in period of one to two years for a more traditional office space for rent lease – however, once the firm gets to a certain point in terms of employees, it becomes far less expensive to go with the office space for rent in Mumbai over a coworking space even when considering a deposit and the lock-in period. So, in short, when looking at all costs, it’s relatively inexpensive for a smaller firm to choose a coworking space in Mumbai over a larger firm; whereas, it’s generally more expensive for a larger firm to decide on a Mumbai coworking space over an office for rent. Do note though, that coworking spaces will offer discounts to larger firms that require more seats in one deal (call it fifteen to twenty people plus), but if your firm has enough employees an office on rent would likely be a prudent use of your money. Now sometimes, time is more important than money (not often in India, but it does happen!) where a company needs to move in immediately to an office space for rent that has all the amenities – the company’s employees just have to show up and can get right to work within a few minutes – coworking spaces offer this benefit. For a normal office space for rent in Mumbai, even if it’s fully furnished, it would take minimum a few days to a few weeks to get all sorted from internet to required changes to the office space for rent etc. And lastly, many companies, especially “start-ups” have no idea how fast they will grow (and perhaps how fast they will shrink) so choosing a coworking space is the perfect option given the flexibly that comes with most of the arrangements for coworking spaces in Mumbai. More specifically, an individual/firm can sign up month to month where that is not possible for a leave and license agreement for offices on rent in Mumbai. We’d be interested to hear your thoughts on coworking spaces in Mumbai vs. office spaces in Mumbai. At the end of the day, our commercial property site, Jagaha.com, is committed to connecting businesses with the perfect commercial spaces for their companies to flourish whether it’s a shop, a coworking space or an office on rent in Mumbai. Take a look at any of the properties in Mumbai on our commercial property site form coworking spaces in Mumbai to office spaces for rent in Mumbai and if you require more information, do let us know and we will assist you in finding the ideal commercial space for your business to thrive. Move Forward with Jagaha.com! Inquire on a property you think would match your requirements, visit Jagaha.com for amazing office spaces. You can also reach out to us on call @9029000670 or mail on info@jagaha.com. We are happy to help you! #CommercialProperties #CommercialPropertiesinMumbai #CommercialProperty #CommercialPropertyInMumbai #CommercialRealEstate #CommercialRealEstateMumbai #OfficeSpaceinMumbai #OfficeSpacesinMumbai #RealEstate #RealEstateMumbai #StaySafe -
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Coronavirus Virtual Property Tour with Jagaha.com Jagaha.com, Mumbai’s commercial property site & real estate agency, has initiated the option for property seekers to see properties from the safety of their home. A few weeks ago, Jagaha’s Siddhant Thakur had been giving property tours for an established restaurant chain in Delhi that is looking to expand into Mumbai, after showing properties for a few days, the client had to return to Delhi. Soon after, a perfect property fit came up for the F&B client, but given the client had already flown back to Delhi and nobody was on the ground in Mumbai, Siddhant gave Jagaha’s first live virtual tour of a property. For Jagaha’s first virtual tour property, it was a screaming success – the deal is scheduled to be closed this week. Upon that positive outcome for the client and given the coronavirus situation, Jagaha has decided to give their clients that are looking for commercial properties in Mumbai, Thane & Navi Mumbai the option of live virtual tours where Jagaha’s real estate advisor goes to the shortlisted properties and on a live video call shows the properties and goes over any all questions as they come up in real-time. Needless to say, given the Coronavirus, Jagaha’s team has been trained to take all precautions as needed during all tours. Jagaha’s founder, Otis Critchley, noted that “for the greater good & to provide maximum services to our clients especially during these challenging times, Jagaha has rolled out “Live Virtual Property Tours.” We still feel that property seekers will need to see properties in-person for the foreseeable future, but look forward to seeing the outcome of this initiative.” If looking for a shop, showroom, coworking space, entire commercial building, office space, restaurant for either rent or sale in the greater Mumbai metro area, Jagaha.com is your one-stop solution from 100% online in-person verified options to offline, where you will be assigned a commercial real estate advisor in the given location of your search. You can just give us a call at 9029000670 or mail us on info@jagaha.com. #CommercialProperties #CommercialPropertiesinMumbai #CommercialProperty #CommercialPropertyInMumbai #CommercialRealEstate #CommercialRealEstateMumbai #OfficeSpaceinMumbai #OfficeSpacesinMumbai #RealEstate #RealEstateMumbai #StaySafe -
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Positive Vibes – The Life of a Workplace Have you ever heard people say- “oh, that building is gloomy!” or “hey, this room is so bright and freshening” or even something like – “It feels fresh once I enter this office space!”? Well, at Jagaha, we certainly have as we do specialize in office space for rent. The “vibes” make or break the first impression of a living or an office space. Most people would refer to a property as a positive space when they see vibrant colours on the walls or a space decorated with flowers or one that is neatly organized and tidy. All these and many more are assets to the vibes of an area. Having said that, the “vibes” of a place are subjective to people’s choices around it, the purpose or the usage of the working or a living space. Positive vibes around us unknowingly influence our mood at a workplace. Here are the five things companies should keep in mind to make sure their office space has positive “vibes:” 1. If Employees are Happy, then work becomes Happier! We literally mean it when we say work is happy if your employees are happy! Work happens in a more energized and productive manner if there are extensive trainings and psychology sessions for the employees with ice-breaker games to help map their team building abilities. The crux behind this is that we are all social beings and that we literally become happier when we get to know and bond with our fellow colleagues so anything to help in this capacity will surely be an asset to one’s firm. 2. Be Thankful for each Day! Leaving appreciative thank you notes for your colleagues for even daily tasks that sometimes seem like a big mountain tough to surpass can add to the positivity of the office space almost instantly. Try it, your company wouldn’t be disappointed. The more grateful one’s company can be, the happier they will be as well! 3. Mentor Alert! Leaders should assign mentors within the team to achieve a certain line of thought in the defined responsibilities of the employees. Establishing mentoring relationships for new hires is one of the best ways to start fostering this sort of worker-employer camaraderie right from the start. Again, if you sense a trend on human relationships, you’d be right – building human connections in one’s office space is of the utmost importance and having a mentor will only add to such human bonds. 4. Choose a Colour that makes you happy! A wall colour having fresh hues and greens adds to the vibrancy of that workplace and makes employees feel calm and may help them unleash their creativity and innovation more! We’d even add that using colourful stationery and paintings on the walls in fresh hues and greens helps one calm their nerves at work and actually energizes. Anything to make employees and colleagues happy is a must (well maybe not anything!). 5. Organized & Decluttered Office Spaces For most office spaces in Mumbai and beyond, a cluttered office space causes confusion, chaos and would not be welcome for a newcomer or an existing employee either. There is a good continuity and positivity in a workplace that’s organized, de-cluttered and non-chaotic. A space excessively filled with furniture or storage items not segregated in an orderly manner can cause mental confusion and chaos amongst employees. A lot of businesses thrive on the science that deals with the spatial arrangement in relation with the flow of energy around a workspace, which could be one of the factors contributing to favourable or the unfavourable outcomes of the business. This energy is the VIBE of that workplace. Having positive vibes can motivate you on a dull Monday or could keep you prepped up for the weekly meeting you need to rock. An office space having positive vibes is always an epicentre for healthy brain-storming, motivation for better results & a positive outcome since the workspace generates and attracts positivity. Any employer who would lease an office space in Mumbai or even buy a commercial property in Mumbai, would love to maintain a positive healthy work culture in these cut throat competitive times. Positive vibes make the office space ‘magnetic’ also leading to an increase in an employee’s productivity. It is an inspiration for people working hard to achieve their goals and scale newer heights, to cut a long story short, it’s a mecca of endless possibilities! We, at Jagaha.com help you choose such an effective office space for rent along with buying and selling commercial property for sale. With a powerhouse of 15,000 commercial properties in Navi Mumbai, Thane & Mumbai listed on our property site, all office space requirements are met with! Our team makes sure to find you the best fit for all your requirements ranging from the carpet area to a workplace with a great view! The Jagaha team hopes to find positive vibes for you! If you are thinking of getting a commercial property in Mumbai, Thane and Navi Mumbai then do not think too much go now to jagaha.com and choose the property according to your requirement. You can call us directly on 09029000670 or drop us a mail on info@jagaha.com. Tags: #Office, #OfficeforRent #OfficeforRentinMumbai #officeinMumbai #officesforrentinMumbai #OfficesinMumbai #officespace #OfficeSpaceforRent #OfficeSpaceforRentinMumbai #OfficeSpaceinMumbai #OfficeSpaces #OfficeSpacesinMumbai #CommercialProperty #RealEstate -
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Price Dropped on Outright Properties with Jagaha.com Everyone in the country is reeling under the deadly impact of the coronavirus pandemic. The Indian real estate sector is one of the biggest real estate sectors because of it’s huge population and demand for properties in India. But like with every crisis comes up with opportunities for buyers who wanted to buy commercial properties in Mumbai, Thane, and Navi Mumbai. During this pandemic, the owner of the properties has agreed to decrease the price of their commercial properties which is a big opportunity for those looking to buy commercial properties. According to the survey, 65 percent of consumers believe that it is the best time to buy a property for your business or as an investment purpose. Real estate has traditionally been considered a safe investment. But recessions and other disasters (like the COVID-19 pandemic) can test that theory and make investors and would-be homeowners think twice but if the real estate market gives you the huge opportunity, then without thinking anymore accept these offers which we are providing after confirming and verifying the properties mentioned below not only these properties but we have more then 35,000 properties all over Mumbai, Thane, and Navi Mumbai. So without wasting any time check these properties right now! Is Buying a commercial property a Good Investment? The idea that commercial property is a good investment stems from the fact that real estate prices tend to rise, at least historically speaking. Since there’s no way to predict the future real estate market, it’s important to avoid getting in over your head and grab this opportunity forward to you and buy your ideal commercial space for a better future. Property Visit and Meeting will be conducted by following the rules during this pandemic. For more information about the property or request to see more such properties like these connect with us by inquiring on www.jagaha.com or via Mail – info@jagaha.com also you can directly call us on 9029000670 right now! STAY SAFE, WE CARE FOR YOU! TAGS: #CommercialBuildingsinMumbai #CommercialOffice #CommercialProperiesinMumbai #CommercialProperties #CommercialPropertiesinMumbai #CommercialProperty #CommercialPropertyforSale #CommercialPropertyInMumbai #CommercialRealEstate #CommercialRealEstateMumbai #OfficeSpaceinMumbai #OfficeSpaces #OfficeSpacesinMumbai
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