Submitted by: Renting Mantra
Buildings or land intended to generate a profit, either from capital gain or rental income is usually termed as commercial property. It is also called investment or income property. Many residential properties containing more than a certain number of units qualifies as a commercial property for borrowing and tax purposes in many states.
As Delhi has a large market, rented commercial property is in high demand and therefore the rent is high too. There are a number of categories of commercial spaces. One of them is leisure which comprises hotels, restaurants and cafes. The next is retail which consists of retail stores, malls, shopping centers and shops. The next category is office which includes office buildings, serviced offices. It is followed by industrial which includes industrial property office or warehouses, garages and distribution centers. The last category is that of healthcare and it includes medical centers, hospitals, and nursing homes. The city being the national capital of India is the choice of many multinationals and business owners for setting up showrooms at rented commercial property.
The rental of the commercial showrooms depends mainly on the location of it. We can sight a few examples. Commercial office space in Greater Kailash-II comes for Rs. 2,50,000 per month, a commercial office space in Lajpat Nagar comes for Rs. 95,000 per month, and commercial office space in Defense Colony comes for Rs. 10, 00, 000. The rental of the commercial spaces varies from one area to the other in NCR. This was an overview of rentals in the Southern part which includes the most populous areas of the capital such as Greater Kailash, Defense Colony, Chittaranjan Park, Sarojini Nagar market, Lajpat Nagar market and also the famous shopping malls of the capital such as DLF, Ansal Plaza, Select Citywalk etc. Hence the southern district of Delhi is a good catch for renting commercial spaces for showrooms. It is the most expensive place after Lutyen s Zone under which comes the North and Central Delhi. The areas under Lutyen s zone are the most expensive in NCR.
Rented commercial properties in Delhi are costlier compared to other states of India. Of that a few examples can be sighted. A basement space for architect office use at Kalkaji of area around 500-1000 square feet comes for Rs. 16,200 per month. Cabin space, of area less than 500 square feet at Kalkaji, comes for Rs. 10,100. NCR not only includes Delhi but also its surrounding areas such as Gurgaon, Noida etc. The prices of these regions are also rising since these are newly developed area and are great choices for renting commercial spaces and setting up showrooms. Gurgaon and Noida are also important IT hubs. The rental for commercial properties in areas like Gurgaon and Noida can be shown with the help of few examples. Office space for rent in NH-8 Gurgaon of area 8000 square feet comes for Rs.8 lakhs. These commercial spaces are usually centrally air conditioned and is provided with a toilet or washroom.
About the Author: If you are out to book Commercial Office Spaces on Rent or Executive Office Spaces for Rent in South Delhi, visit Renting Mantra at
rentingmantra.com
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