There are numerous commercial spaces for sale in the market today and construction of office spaces is a highly lucrative avenue for builders. But, developers working on commercial spaces face numerous challenges in terms of design, architecture, loans, and insurance amongst other things.

There are various types of loans that are available to commercial property developers. While there are options for a shorter duration that cover the costs of labour and material alone, there are others, which are long-term loans that cover all costs. Each project requires a different financing structure thus, developers should understand the needs of their project and then decide on a loan format.

Apart from loans, the design of a commercial property is important in terms of safety and regulations. Developers need to look at fire safety, adhere to construction regulations and laws regarding plot size and covered area, and make considerations accordingly. For commercial property developers, the other challenge lies in keeping with the current trends and attracting corporates. The times when commercial office space resembled old commercial structures in Nehru Place, are in the past. Upcoming projects in the commercial property space are all about class and elegance. Developers nowadays provide ready to move in fully furnished office space.

Furnished office spaces save time and labour that would otherwise be an added investment for the company moving into the premises. Thus, fully furnished office spaces are extremely popular. Corporates are willing to spend more on commercial spaces as long as they are furnished.

Manesar, Faridabad and Charmwood Village are coming up as the new destinations for corporate houses to set up their office space. While, the location of Charmwood Village at Suraj Kund road makes it ideal for corporates, the already crowded sectors of Gurgaon are also giving way to golf course extension road in sector 49 Gurgaon. Various office spaces for sale are coming up in these areas. However, amidst all the upcoming areas, the well-established area of South Delhi continues to be a hot hub for corporates looking for commercial complexes in already developed centers.

One of the most successful builders for commercial office spaces in India is the Eros Group. They have built world-class commercial properties all across the NCR region and beyond. Places like Gurgaon and Faridabad are examples of the quality of commercial complexes of the Eros Group. Eros Group has set a benchmark for other developers in terms of innovation in design and quality in construction.


For more info visit: http://www.eros-group.com