How Do Firms Choose their Corporate Real Estate?

Looking For Office Space For Lease 

As the Indian economy surges ahead and serves as a lodestar for global economic growth, an increasing number of international companies are either entering the country or expanding existing operations to further root themselves deeper for larger operations. Other than dealing with issues such as complex regulations, socio-economic diversity, one of the key challenges faced by growing corporations is finding suitable office space for lease.  

Though businesses at times focus and rightly so, at their core competencies while analyzing expansion strategies, quality real estate has a direct impact on the productivity of firms. Firms that have a high degree of client interface such as banks, consulting set ups, legal advisories , marketing organisations et al. create first impressions by the location and aesthetics of their real estate.  First impressions can be a very powerful tool in the world of commerce-as the adage goes “you never get a second chance to make a first impression”.

Companies naturally tilt towards the major metro cities of the NCR (National Capital Region), Mumbai and Bangalore for their corporate base in India. Whilst companies that are aligned towards IT gravitate towards Bangalore, firms businesses aligned towards finance move to Mumbai. The NCR acts as a major attraction for nearly all firms as it provides proximity to the Government that helps with approvals, sanctions for day to day operations and policy making, legislation as well as thought leadership in the larger context.

Within the NCR, Gurugram has emerged as the top destination for real estate especially office space for lease. With easy connectivity to Delhi, great transport infrastructure, residential options for all income levels and world class office developments, there remains little doubt on the ascension of Gurugram as the leading urban centre for corporate occupiers.

Within Gurugram, DLF Cybercity; essentially a collection of high quality office buildings supported by world class infrastructure acts as the Central Business District (CBD) for the commercial office market. Most companies looking for office space for lease begin their search with DLF Cybercity or most definitely consider options there.

For more details on DLF Cybercity, Gurugram please visit www.dlfcybercity.com

Drivers of Commercial Office Space in Gurugram

Commercial Office Space in Gurugram

Commercial office space requirements have undergone a sea change globally over the last decade. From office spaces typically being large boxy plans with well-defined work spaces based on hierarchy or function, office zoning has radically moved to agile layouts based more on activity and economy of design. Even cash rich corporates now focus on productivity and value generated per square feet rather than looking at real estate occupation as a mere operational cost.

Taking cue, inquiries of commercial office spaces in Gurugram also reflect these changing times. Corporates, now, are moving towards rationalizing real estate costs, exploring options to consolidate operations and even outsourcing real estate occupancy. Many large sized transactions in the realm of commercial office space in Gurugram have taken place as a consequence of corporate occupiers consolidating scattered offices into one unit at one location. This helps in reducing operational costs attributable to rent, logistics and administration by synergizing all functions in one development rather than having the same function being repeated across different locations or geographies.

The wave of the open space office model that was once de rigeur and seen as an evolution from the traditional hierarchy based office model has given way to the concept of the hybrid, agile office layout. This latest trend espouses allocation of work space in accordance with activity undertaken rather than function or hierarchy. The idea is to have dedicated spaces for all kinds of activities that happen in a work environment. Fundamentally, the concept wishes to bind the collaborative energy of an open work space with the high productivity and focus fostered by a compartmentalized traditional office layout. The best example of this concept is witnessed in co-working spaces. Planned with open, seamless seating, these facilities have dedicated quiet zones for focused thoughtful work and meetings/engagements.

Furthermore, corporates looking for corporate office space in Gurugram for short or medium time periods are increasingly looking at taking a large number of seats at negotiated rates with co-working concepts rather than investing in vanilla spaces. Though at a nascent stage, this model is being considered for long term space take ups as well as it helps companies reduce administration and capital expenditure costs.

All in all the age of flexible work space solutions has dawned and the market for commercial office in Gurugram is following suit. For more details please log on to http://www.dlfcybercity.com/ .

Why Commercial Office Space in Gurgaon is in High Demand by Corporations

Commercial Office Space in Gurgaon

Are you looking to relocate your office or set up a new business operation? Or, are you trying to shop for commercial offices with low rental tariffs or thinking of moving from a smaller space to a much larger one? If your answer is yes to any of the above questions, Gurgaon is the most preferred destination.

Let us see why commercial office space in Gurgaon is in high demand by both domestic and international corporations.

Gurgaon is an extremely promising real estate hub, with plenty to offer. It is an integral part of Delhi NCR (National Capital Region), and an extremely profitable investment destination for those investing in commercial properties. It has evolved as a corporate hub for scores of domestic and multinational organisations. The approach and access to Gurgaon have been greatly enhanced, thanks to the metro that connects Gurgaon to Noida and New Delhi.

Commercial Space Developers

Commercial office space in Gurgaon has received a shot in the arm thanks to commercial space developers, including DLF, which has emerged as the undisputed leader when it comes to offering commercial office spaces. DLF has a wide array of commercial properties, such as business, IT, and cyber parks. DLF Cybercity is one such glorious and splendid example of a cyber park. Some of the other major developers have also developed commercial spaces and business parks adhering to international standards at diverse locations, the result being wider choices for smaller office spaces.

Global Economic Meltdown and Commercial Property Price Correction

Commercial space in Gurgaon has witnessed a price correction after the global economic meltdown, when the demand for commercial office rentals as well as sales had nearly dried up. Several, major commercial space occupiers felt the need to cut down on costs, through job layoffs and relocation to smaller office spaces offering cheaper rentals. This was the time when the business was quite sluggish. The price correction ushered in a change and eventually created a demand for smaller commercial spaces.

Signs of Improvement but not Complete Recovery

Demands for commercial space in Gurgaon are presently demonstrating significant signs of improvement, especially when small and large corporations have begun to hire professionals, thus creating job opportunities once again. Certain, new commercial spaces have received a warm welcome with their brand-new offerings, the result being that supply of commercial spaces has out-run the demand, creating many vacant spaces. This has opened the commercial property market for investors and occupiers, offering them a wider choice, lower rentals, improved infrastructure, and upscale business addresses.

Lower Rentals

The rental tariffs for commercial spaces have hit rock-bottom, the result being that developers as well as private investors are willing to lease out their properties rather than wait and leave it unoccupied for an extended period. Some of these properties are available as fully-furnished ones. What’s more, these are ready-to-move-in spaces, which have been vacated by medium and large space occupiers. There are plenty of options for commercial spaces at MG Road, Golf Course Road, DLF Cybercity, DLF Cyber Green, Sector 32, Sector 44, South City, IMT Manesar, Sohna Road, Udyog Vihar, and NH-8 to choose from, offering excellent value for the corporation’s money.

Therefore, the commercial spaces in Gurgaon have never been more inviting and welcoming. for more details please log on to http://www.dlfcybercity.com/

For Cutting-Edge Office Spaces Your One-Stop Destination is Commercial Real Estate Gurgaon

Business Centre In Gurgaon

The business world is changing with each passing day. And the existing scenario demands futuristic infrastructure, effortless connectivity, and a work environment that is world class. This is precisely why DLF is enhancing the Largest Integrated Business District in the country in 13 million square feet by making it better integrated, larger, and smarter. Thus, welcome to the world of DLF Cybercity Gurgaon.

The brand pillars of the project are state-of-the-art infrastructure, sustainability, safety, security, and customer centricity. With Cybercity Gurgaon, DLF has taken commercial real estate Gurgaon to a whole new level.

When it comes to infrastructure, there are 4 sections: (1) 16-lane Expressway, (2) Rapid Metro, (3) Landscape and Cyber Walk, and (4) Scalable Parking

The 16-lane, signal-free road has witnessed the installation of VMS (Variable Message System) boards for obtaining live traffic updates, weather info, live match scores, and distance to milestones.

When it comes to the Rapid Metro, it is successfully connected to the Delhi Metro through a common ticketing system. There are in all six operational stations that connect the six Cybercity edifices.

DLF is in the process of constructing multiple foot-over-bridges termed as “CyberWalk” along a stretch of one kilometer to increase intermodal connectivity.

The benefits of the CyberWalk include inculcating of the habit of walking among working professionals who are completely desk-bound, discouraging commuters from crossing roads that have traffic movement, minimising usage of vehicles for commuting within Cybercity, adding splendid landscapes and sufficient greenery amidst an area that is predominantly urban, and functioning as a socialising and unwinding zone.

The features of Scalable Parking include 17,000 stilt / covered car parking, additional 3800+ surface car parking space that is spread across seven acres, “pink parking” for ladies and dedicated car parking for visitors and elderly individuals, fully equipped with 24x7 CCTV surveillance, and a completely flood-lit structure with completely automated access control and electronic charging system.

Commercial Office Space In Gurgaon at DLF

DLF Cybercity, which is at the heart of commercial real estate Gurgaon, gives unrivalled importance to safety. DuPont, which is the world leader when it comes to safety, is the safety adviser, partner, and auditor of DLF. What’s more, the complex is constructed as per Seismic Zone 5, while the NBC requirement is 4.

Thus, DLF Cybercity Gurgaon is a structural landmark that will set it apart from other commercial complexes in Gurgaon. For more details please log on to http://www.dlfcybercity.com/

Global Business Park in Gurgaon: A Perfect Match for New Office Space Offered by DLF Cybercity

New Office Space Offered by DLF Cybercity

DLF Cyberpark is a world-class, ultra-modern structure that offers new-age workspaces. Sprawling over a 12-acre complex and situated at Gurgaon’s NH8 road, this global business park is just a 10 minutes’ driveaway from the airport. A perfect blend of form and functionality, this paragon of excellence offers the best commercial office space in Gurgaon. What’s more, it is the ideal destination for corporates to effectively balance work and leisure.

Spread across 2.5 mn sq. ft., space will never be a constraint at DLF Global Business Park. Moreover, the three distinct inter-connected blocks speak volumes about the grand architecture and cutting-edge design of the business park. With a floorplate size up to 2 lac sq. ft., this new business destination gives major corporates ample space to innovate and play around with.

Located at a vantage point just opposite DLF Cybercity and Hotel Oberoi / Trident, DLF Cyberpark offers seamless connectivity to upscale business destinations and luxurious five-star hotels. With state-of-the-art infrastructure in place, this business hub will get a further shot in the arm with the proposed foot-over-bridge from IndusInd Cybercity Metro Station. Hence, commuting will never be more hassle-free and convenient.

With a LEED Platinum certification, this global business hub is the ideal address for corporates who are seeking commercial office space in Gurgaon. The edifice is a masterpiece comprising of a grand atrium with wide lift lobbies, thus leaving enough elbow room even during peak office hours. Designed to be in the lap of nature, the blocks receive excellent natural light penetration. Another feather in its illustrious cap is the high-speed split traffic elevator system.

DLF Global Business Park ensures that its clients are never away from world-class, exquisite fine-dining restaurants, cafés, and copious amounts of leisure space, which includes atrium cafés and gymnasiums.  To top it all, there are scores of convenience stores, banks, and ATMs that ensure a complete, hassle-free experience. With a larger-than-life food court and luxurious amenities on the ground floor, corporates have easy access to next-generation facilities. Replete with roof terraces with conferencing and banquet opportunities, the business park is customised to be a hub for large delegations, events, and conferences.

Adding to the glamour quotient are the water bodies and landscaped outdoor spaces, which are a treat to the eye and a feast for the senses. What’s more, the dedicated pickup and drop points for cabs ensure that there has been no compromise on the convenience factor.

Expected to be ready by June 2018 for fitout, DLF Cyberpark is a promising business destination and in a league of its own, leaving major corporates to make this business park their ultimate destination. For more details about office space in Gurgaon simply dial the Toll Free number 1800-103-0022 and talk if you want some special prices or log on to http://www.dlfcybercity.com