latest updates
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Is the Real Estate Sector Turning Gold as an Investment Asset? Investors invest in various types of assets such as real estate, gold, stocks, mutual funds, fixed deposits and many such sectors. At a certain point, gold was a preferable investment asset. But recently we have seen people started investing more in the real estate sector, even more than the stock market or gold as prices of the stock market are going in a downward trend where the gold prices are going to new heights and real estate at a reasonable rate. According to the reports, 35% of the investors choose to invest in the real estate sector, 28% prefer gold, 22 percent in fixed deposit while only 16% percent would invest in the stock market. This report clearly shows the tendency of the market if going towards the real estate market. Considering this Jagaha is providing various options for commercial properties for sale in areas like Mumbai, Navi Mumbai and Thane. The reason why people are considering investing more in real estate is stability, while in a previous blog we saw how IT companies are looking for big office spaces which means more people are seeking rental properties which makes it a regular return on a certain investment. Stocks on the other side do highly depend on the market or what are the changes happening in the current world. Especially after the lockdown the market has crashed and is going in a downward trend. This has pulled many investors in the real estate sector to maintain stability on the income they are getting. The post-COVID era is expected to bring up a scenario in the real estate market very difficult from the one earlier. Larger projects with office spaces, retail stores and more common amenities are expected to rise. It would be a good area for developers to explore as the commercial sales would increase and for investors as a number of localities are starting to emerge as profitable for investing in real estate. Considering this Jagaha is now providing safety fit-outs with D-Jagaha to know more about this inquire now on +91 7718811032 or Mail – D@jagaha.com -
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How the Retail sector is starting to operate in a new normal A couple of months has been a tough time for all the people across the world in terms of shops, offices, and restaurants. every sector that needs a physical presence over there. People have just forgotten or in other words afraid of going to malls in these tough times. The developers are coming together to restart these sectors in every part of the country. Malls recently started in Mumbai and other nearby areas have certainly seen people going to malls but not at that level. How malls have picked up all across Mumbai : After being closed for more than 5 months which has never happened in Mumbai the retail sector is certainly starting to pick up the pace. People are preferring a big footfall to avoid the spread of infection. There are certain protocols followed while entering a mall the person has to go through thermal screening temperature check he has to have the arogya setu app installed on their phone. The food courts in the malls are closed but still, people are slowly and slowly starting to go to the malls. Having recently opened the malls are not advertising anything regarding the malls being open. The authorities are focusing on how many tenants open their place and even the retailers are facing workforce issues. These issues will be solved slowly as the entire city is restarting one way or the other. Shops for rent in Mumbai are actually hard to find but seeing the opportunities right now people should definitely see the future profit in these times. Good things happening after lockdown for retailers : People are coming with a more focused mindset in the malls not to just roam around, take the things they need and leave the public area as soon as possible. Due to this thing we have seen fewer people in malls but the highest conversion rate. Every person visiting a mall right now is definitely there for a reason to buy something which is a huge positive side compared to earlier days where people just visited malls for change of weather or just to spend their free time. Most of the people according to the sources are seen in the evening and they exactly know what they have to buy. The retails sector is expected to return to normalcy by end of the year. Category-wise performance : After the lockdown retailers will have immense traction towards the grocery, electronics, kids wear, health and beauty sector. The only sector that is a bit struggling is restaurants and dining, people are preferring to eat at their homes rather than having to dine in for a meal. Future of malls or retail sector? Mall owners and retailers have to collaborate with each other so that they can connect with the customers and provide them the services they need more efficiently and safely. And that’s, when we come in Jagaha now, not only provides you with the commercial space you always wanted but is also providing interior design solutions to make your commercial property feel & look amazing. D Jagaha is offering preventative coronavirus designs, fit-outs. To know more about the details inquire now on info@jagaha.com or you can also contact us on +91 – 9029000670. -
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Is the Real Estate sector going under digital change? During tough times it gives rise to new creation and innovation; it is the same situation for the real estate sector. The Covid-19 pandemic and lockdown after lockdown have resulted in more pressure for real estate companies all over India. The firms are finding innovative solutions to their problems which will help them continue their business. For eg. (Webinars, Virtual inspections, Online meetings) One of the biggest reasons there is a downfall in transactions or deals is unable to visit the commercial property. Jagaha is providing a walkthrough from youtube videos to actual virtual inspections. Jagaha has more than 35,000 properties live on the site from office space for rent to shops and restaurants which provides various options for the buyers. Many such webinars and e-launches are conducted just to keep the market in an economic flow. People expected to markets to certainly crash during this pandemic but it was not as bad as it was expected. All these methods are certainly being accepted by people and increasing day by day. In this world and time, people who are willing to buy these commercial properties certainly have internet services that make the process easier and hassle-free. Instead of going through all the options including those that are not according to their requirement they can filter out properties as they need at one go. At Jagaha as you can see all the properties are 100 % verified and listed by the owners which makes the process much faster in terms of the property inspections and deal closer. In order to maintain social distancing and following the rules, online sales have taken a big boost and Jagaha has already adapted these changes from one-click inquiry to actually seeing the property through youtube videos and having verified information and images makes it more reliable for the customers to trust with their information. The trend of virtual inspections and deals is expected to be even after the post COVID world and people will slowly but surely adapt to all these situations. To know more about Jagaha.com or for any inquiry pls contact on info@jagaha.com or you can call us at +91 – 9029000670 -
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Reduced Rates on Offices for Rent As most of you may know the lockdown has been extended in Mumbai and no one knows what's coming next. However, the good thing is that things are getting back on track and the government has allowed companies to work with 50% staff capacity. We think this is the perfect time for the ones who always wanted to have an office space in Mumbai, start searching! Jagaha.com works daily, and jagaha's property verification team verifies our properties to make sure we have updated price for the properties we are marketing on our portal. Check out these properties that we at Jagaha.com have shortlisted for you for this week. All these properties have reduced rates when looking to rent an office in Mumbai. Don't hesitate and inquire today! 1) https://www.jagaha.com/Property/34316_office-space-for-rent-in-khar-west-1,200-sq-ft 2) https://jagaha.com/Property/62046_Office--for--Rent--in--Borivali--West,--Mumbai--2,000--sq--ft 3)https://www.jagaha.com/Property/13020_office-for-rent-in-goregaon-west,-mumbai-700-sq-ft 4) https://www.jagaha.com/Property/30204_commercial-property-for-rent-in-bkc-2,200-sq-ft 5) https://www.jagaha.com/Property/46342_commercial-office-on-rent-in-andheri-west-3,500-sq-ft Visit www.jagaha.com for other such commercial properties To read the whole article click here - https://www.jagaha.com/blog/2020/07/reduced-rates-on-offices-for-rent/ -
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BKC real estate market prices dropped? BKC if you listen to this term now you can only think of big commercial real estate, big offices, huge buildings but in the beginning, it was a bit different. In the early days of BKC it was just a barren land with less to no population and now considered as a hub to commercial offices and the go-to place to get an office. Before the pandemic hit around 400,000 people were working in different office spaces in BKC throughout. Various independent commercial buildings like SBI, IDBI, SBI, SEBI, BOI, Dena Bank, SIDBI, PNB, ING, NSE, NABARD, ILFS, ICICI, UTI, Citibank, Canara Bank, Bank of Baroda and Oriental Bank of Commerce have their commercial space in BKC. Despite the economic uncertainty which continues to haunt the BFSI sector in Europe and the United States, commercial office spaces in BKC‘s market continue to grow. Today, the indecision among tenants which defined 2019 and 2020 has eased. Over the last few months, the market needle has begun to point towards a landlord-favoring market. Other prominent institutions include the American consulate, Dhirubhai Ambani International School and The American School of Bombay. Currently, BKC also has 2 luxury hotels – The Trident and Sofitel. Due to the recent pandemic real estate market has been hit a bit while in a decade, people are demanding lower prices which is astonishing and has never happened. People having vacated their office to the trend like work from home in full force. People are demanding 20%-40% less compared to the market price. In the coming months, we could get a clearer picture. -
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PRICE REDUCTION ON OFFICES FOR RENT This pandemic has brought a standstill for most businesses and the lives of their employees in Mumbai city. However, we at Jagaha.com are working daily and always want to update our inventory so that we have the best to offer to our clients. The real estate market was not doing very well but as the lockdown is officially called off and people are trying to get back to their normal lives things are getting back on track. Many companies during the pandemic have given up their office spaces maybe because they could not afford to pay the rent of the space or their employees’ salaries or other overheads, but yes it makes sense! How would a firm run successfully when there were no business transactions at all? This has actually helped in the reduction of prices for office to rent in Mumbai if you think of it in a positive way. Like I said earlier things are getting back on track, before its too late to rent an office space that you always wanted, check out few of these properties that have a huge price reduction exclusively for Jagaha.com‘s clients. This could be a big start for your business! Check out the whole article here - https://www.jagaha.com/blog/2020/06/price-reduction-on-offices-for-rent/ -
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#Covid19 has taken its toll on everything, this includes the real estate market in Mumbai and in other parts of the world. But this is not going to go on forever, everything comes to an end and this too shall pass. Everyone now believes that a firm could run even after their employees are working from home. But once this is over, will corporates still expect their employees to work from home? or would one prefer an office space for rent in Mumbai and want their firm to work as one team and operate from one location? There is always a plus point for any business when employees work together, concentrate on their daily task, communicate better, learn from one and another, teach one and other and are in a happy good environment while working from home cannot always provide you with that even after all the modern apps and technologies we have to use these days. Although the demand for office space may drop down, it is not expected to crash and if it does take advantage of that. Rent the office of your dreams or invest in the property you always wanted. Many employers will need to scale up the usable/carpet area for each employee and this leads to having a medium-sized and cleaner office space for rent in Mumbai. Today I have shortlisted few office spaces in the carpet range of 900 – 2000 square feet that are available for rent in Mumbai with an exclusive price cut, just for our clients. Don’t rethink, check out these office spaces in Mumbai with us at Jagaha.com and inquire now! Check out the whole article here - https://www.jagaha.com/blog/2020/06/price-cut-on-offices-for-rent-with-jagaha-com/ -
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Find Safer and Smaller Spaces on Rent with Jagaha.com We have a piece of good news for you during this pandemic COVID-19, the whole world is locked up in the house and there has been a huge fall in economic growth and financial issues has been faced by a lot of companies and employees but as you are on this page because you were searching small space for your employees nearby your location to keep running your company and business from safer and smaller spaces. But as we mentioned that we have good news for you is that the real estate business will have to contend with is the enforcement of social-distancing norms each and every time to maintain safety and security of our employees, clients, and real estate advisor and as being the number one commercial real estate web portal with over more than 35,000 plus commercial properties in Mumbai, Thane and Navi Mumbai and we are set to get back to work and following the rules by frequent washing of hands or masons maintaining an arm’s length between them. While each and everything would not be possible but sanitizing our hands will be followed every time whenever we touch anything. However, the expectation is that the pace will be slower than usual but the safety of our clients and ourselves is our priority. As we guarantee that we will help you find your best commercial space which is safer and smaller with rent in your budget and we have chosen some of the best commercial properties that have been mentioned below don’t forget to check that out. It’s time to inquire now on jagaha.com also you can get in touch via call on 7400016872 or mail us on info@jagaha.com Check out the whole article here - https://www.jagaha.com/blog/2020/06/find-safer-and-smaller-spaces-on-rent-with-jagaha-com/ -
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Q&A Series with Otis Critchley – What is a pre-leased property? A pre-leased property is a property that already has an existing tenant. Investors tend to prefer buying preleased properties as there is already a tenant paying monthly rent amounts and so any potential buyers won’t need to spend time or energy finding a tenant, which can take weeks up to years in some cases! If you are looking to invest in a pre-lease property, Jagaha has a list of these properties in our internal data system and you can directly contact one of Jagaha’s real estate advisors to find out more about such investment opportunities. Do visit our website www.jagaha.com if looking for a commercial property in Mumbai, Navi Mumbai or Thane. We are happy to help. -
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Q&A Series with Otis Critchley – How do I become a successful Real Estate Agent? There are a million things one can do to become a successful real estate agent. From our experience, the one thing that you can do to ensure success as a real estate agent is to make sure you follow up on your leads. Remember deals don’t happen overnight (well… most don’t!) and client’s requirements will surely change over time – stick with your client as long as it takes and if you do this over enough clients, you will surely become successful. This is simple to do, but it takes discipline and persistence not to give up. The other things that are needed to be successful is the ability to get along with people, to be able to easily build relationships, to have knowledge of the given area and of the properties. Do visit our website www.jagaha.com if looking for a commercial property in Mumbai, Navi Mumbai or Thane. We are happy to help. -
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Large Restaurant Spaces with Jagaha.com Leasing, renting or buying a restaurant space in Mumbai without a plan is liking walking into a store and not knowing what to pick up without a shopping list. It’s actually not quite easy. But don’t you worry! Jagaha.com is constantly sourcing new properties that could help you with finding you your dream property for your business. Jagaha.com specializes in restaurant properties and is always here to help you make the right choice when looking for a restaurant in Mumbai. The restaurant space you choose is the most important decision you’ll make. The good news? We at Jagaha.com have shortlisted few restaurant properties in Mumbai, Thane & Navi Mumbai that you must have a look at if thinking of starting a new restaurant business. For other such commercial restaurant properties do visit Jagaha.com -
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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. -
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Price Cut on Office for Sale in Mumbai, Navi Mumbai & Thane Jagaha.com’s objective is to improve the Indian property market “place.” More specifically, Jagaha is Mumbai’s first dedicated commercial real estate website whose mission is to improve the Mumbai commercial real estate market experience from start to finish by providing transparency and improving efficiency via customer service and technology. We know that now and in the future, time is money. In order to be a leader in the Indian property space, Jagaha must maximize the use of technology to make the process of searching for verified Indian properties as seamless and efficient a process as conceivable. We also know that having access to real estate experts in the Indian property space is also imperative to making the right decision for your next Indian property to rent or buy. With that said, the Jagaha team must provide all the necessary support and guidance from start to finish during the Indian property search and beyond! Check out the latest properties with a lower price that Jagaha.com has to offer -
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99acres Mumbai & Magicbricks Mumbai – Office Space Search Before launching Jagaha.com, Mumbai’s commercial real estate portal, in April 2016, we examined the office space search experience on Magicbricks Mumbai & 99acres Mumbai and it has been about a year since then so we thought we would re-examine our competitors, Magicbricks Mumbai & 99acres Mumbai’s search experience for office spaces in Mumbai. You will just have to take our word for it that we did a completely random search for office space in Mumbai (we know we have every reason to be biased against Magicbricks Mumbai & 99acres Mumbai, but we honestly did a genuine office for rent in Mumbai search). Our first and only search had a criteria that was Bandra West one lakh to two lakh office space for rent per month. So what did we come up with? 99acres Mumbai Property 1: Platinum (meaning someone paid for it to be there) and there were 11 photos of the property in Mumbai, but not verified, 70 random locality photos Property 2: Platinum with 1 picture of the office space and then 70 random locality photos Property 3: Exact same as Property 2 Property 4: This one was the same as the previous two, except its one picture was just of a toilet. How nuts is that? Pretty funny too. Property 5: Just one photo yet again of this alleged property in Mumbai. Property 6: Why take multiple photos of the office space, when you can just take one? One again. Property 7: No property photos but still remains a platinum property Property 8: Another no photo platinum property Property 9 thru 12: Let’s save time here, each one of these office spaces don’t have pictures either. And are Platinum Status Property 13: Ok we came across a beautiful office space in Bandra West…. But unfortunately the outside the window there are deciduous trees which don’t exist in Mumbai. None of the above “office spaces” have been verified either. We did scroll down and property 20 something was actually verified. We promise you this was our first search and did not set it up in any way shape or form. To be fair to 99acres Mumbai, we did the exact same office space search for Magicbricks Mumbai. Magicbricks Mumbai Property 1: the first office looks pretty good with 10 photos…. But the 1st photo of the office space is a “living room,” the next are the bathroom, kitchen, then garden and then 210 locality photos. The property seemed more like a house, but to be fair looked genuine… another but, can’t be for sure as the office space wasn’t verified. Property 2: No picture but 210 locality photos! Property 3: Five photos and initially looks nice, but looks like five different office space properties, we could be wrong, but at Jagaha we are the leader in Mumbai commercial real estate and we never come across wood flooring (very very rarely). Property 4 to 13: to save time… out of these ten office properties only 4 had photos and like all the rest none of the office spaces were verified. Not one of the Magicbricks Mumbai office properties were verified. We know what you are thinking, you are biased… we of course are, but the above is 100% accurate and actually occurred. We literally just did the Bandra office search on both Magicbricks Mumbai and 99acres Mumbai. Take a look at Jagaha.com and you will see the difference when searching for office space in Bandra or if looking for office space for rent in the rest of Mumbai. We also do retail properties. We are a new Indian property site and focus only on commercial properties in Mumbai. We are not perfect either but our properties are 100% verified by a member of our property in Mumbai team — we do want to be as close to “perfect” as possible where we can save all time, energy and money. Let us know how we can improve the office space search process or the Mumbai commercial real estate search process in general at info@jagaha.com. -
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Why Mumbai Employees are The Toughest Mumbai employees – who wake up and go to work with a smile on their face every day, YOU GUYS ARE THE TOUGHEST! You completely deserve a shout out for your resilience and spirit. You want to know why I’m saying this? Allow me to explain. Commute Length – If you’re working in Mumbai, it is very likely that a good number of your colleagues (or even yourself) have really long commutes to work. In a lot of cases, it could easily be between 1-2 hours long – each way. Intense Commute – The commute is less than comfortable. Especially true if you’re traveling by train. The crowd is pushed into a train, within it, and out of it and you may barely have enough space to tiptoe while being smashed between other commuters. Disproportionate salary vs cost of living ratio – Cost of living is rising in major cities in the world and Mumbai is no different. Also considering that moving out of the house is not as common as it is in western countries, it is very likely that a regular family will consist of more than four members who live in very small spaces. They still manage to work with a smile on their face every day. Hours worked per week – Working six days a week is the norm in India. Some people in the real estate industry work seven days a week as well. In many parts of the world, Saturday and Sundays are off, however, in Mumbai, People work hard. There so many people sacrificing so much, working so hard, and putting in so much effort, that there’s so much opportunity here in Mumbai. No wonder it’s called “The City of Dreams”. Not everybody’s dream comes true, but there’s so much opportunity that I’m proud to be part of this city. I’m especially proud of the people that make Mumbai what it is today and just wanted to shout out to the people of Mumbai, Mumbaikars, I’m proud of you! #MoveForward with Jagaha.
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