June 2020 - The Mentor Group
Office Space in Mohali

How can I Find the Best office Space in Mohali?

Like any location, finding the right spot for your workplace is the key. But choosing it does not come easy. There are a lot of variables that have to take into consideration before even shortlisting a few places. While many have various opinions on the subject, it is up to you to decide what, where, and how your workplace is to be. Because ultimately, it is your location, and choosing what is best for you will eventually become the best center you are looking for. And the same goes for anyone who is looking for commercial office space in Mohali. Before you move into a center, there are few things that one has to know.

Office Space in Mohali For Sale – Build your Business

Office Space in Mohali

Starting a business of your own is no walk in the park as it takes a lot of guts, and the time and money to even sustain in any business. But the fact is that the hard work you put into your business will yield results when things go as planned.

For a plan to be successful, an extremely organized work plan is one of the essential things. Though there are many requirements for a business to execute its plan, the essential will always be an office.

An office acts as the command center and makes sure things are always on track. Be it for a couple of people or for a bus full the spaces is a must-have if you want to reach great heights. So it is always necessary to have the best rooms for your business needs.

What is a commercial project?

Technically every spot that has no residential purpose is what makes it a commercial place. Mohali, a location of enhancing beauty, has its fine share of the commercial areas to satisfy all your office needs.

Where to buy commercial space in Mohali?

Choosing the right location for all your needs is the key to anything. One needs to consider all the aspects like the place, business type, availability, and much more. A random commercial room will only make you less notable and cause the business to go down the slope. So it is only right you search for a good spot for your company’s needs and fit in your budget.

Is the central street commercial project in Mohali?

Whether you are looking to rent a commercial area or looking for an office space for sale in Mohali, it has you covered. Central Street or sector 67 is a prime commercial space in Mohali, making it the best for any business in the city.

Is it RERA approved?

An area larger than 500 square feet or has more than eight apartments needs to have the RERA approval. This certificate makes sure that the transparency of the commercial is fluid for the buyer, seller, and the government. So every commercial space in Mohali that meets these criteria will have the RERA approval.

How to buy a commercial workplace?

Buying a piece of land is no cakewalk. One has to be very cautious about the room they are investing in. Though many criteria need attention for anyone to buy a property, here are the top three must-haves.

  1. Location: this is the most crucial aspect of any property. Be it office space in Mohali or anywhere else on the planet. The property’s location is the key; it has to be accessible at the same time, not too mainstream as it might have more competition. So choose an area that is best for your business.
  2. Documentation: once you narrow down space, make sure it has all the documents needed. It is advisable to have a lawyer have all the documents checked before signing every agreement with the seller. This will make sure your decision will not affect you in a bad way in times to come.
  3. Cost: when the area you have selected is in a prime location, it is most likely to leave a hole in your pockets. So make sure you bring the cost down as much as you can. No one wants to spend more than what they could on the workplace and regret it later on. It is always better to be safe than sorry.

Does Central Street offer office space for sale in Mohali?

The more obvious answer is yes, the center street does offer workplace for sale in Mohali. But buying a center is no small task. The main reason being the location at which you get the property. As it is a prime spot in the city, the competition to get that area will be more than ever. Due to this, the price might also be high for an area that you are interested in. Make sure you look for as many sites as you could, as there are plenty of options for you to choose from.

Where to buy office space for sale in Mohali?

Even though the city is full of prime locations, few places are a cut above the rest. Here are the top destinations you would want to invest in if you are looking for office space in Mohali.

  • Sector 67
  • Sector 70
  • Mohali city center
  • Zirakpur
  • Aerocity
  • Sector 20
  • WTC Chandigarh
  • KhararKurali road
  • Airport road
  • Sector 111

These are the top locations to invest in for a commercial. All these spots are in recommendations by some of the finest experts in real estate. So make sure to choose the best spot for you and your business needs.

How to design commercial space in Mohali?

More than buying a workplace, it is more important to design it in a flexible yet elegant manner. For the design of the commercial area, there are five key steps to follow.

  1. Keep it flexible: flexible means to keep the spot ready for upgrades and necessary changes at any point in time. This will help make sure you don’t lose time while making changes or improvements to the existing office.
  2. Technical implementations: any company will house some form of electronics that helps them run their business. These techs are prone to have an upgrade very often. So you have to think ahead and make the necessary arrangements while designing your office space for sale in Mohali for the first time.
  3. Aesthetics: the look of a workplace is as important as its functionality. If some client walking into your location will judge you by the way you keep office. As the saying goes, the First impression is the best.
  4. Personal workplace: some individuals at the spot will feel uncomfortable when someone keeps looking at them. So it’s essential that the employees feel relaxed and comfortable working in the workroom. So the design of office space in Mohali be such that it gives them their own place to work.
  5. Safety: the safety of the people inside the workroom is as important as the company’s growth. Make sure the design meets all the safety measures and looks into the well-being of individuals working at the workplace.

Headquarters is a huge responsibility. It is more like a second home where one thing is dependent on the other at all times. So making sure it works cohesively without any hurdles is the most important thing. Not only that, but it is also the spot where you will be spending most of your day time, so making it a location of relaxation is a must-do. The workplace will act as the face of the company in most cases, so it is only right to present it at the best you could.

Important Questions to Ask Before You Invest in Real Estate

5 Most Important Questions to Ask Before You Invest in Real Estate

Before you invest your money in real estate, take a pause and think about some of the facts rationally before you spend your money. There are several questions to ask before you make investment in real estate. The investment amount is huge in real estate properties, so you need to take extra care before you invest. Most of us do not think before we spend. A real estate property is your life-time asset, so you must consider several important points before investing.

Let’s explore the questions that you must ask before investing in Real estate properties:-

Important Questions to Ask Before You Invest in Real Estate

  • Do you want to invest in Real estate properties actively or passively?

The difference between the active and passive investment is vast, and most of the investors will incline one over the other. Now, if you have just begun to think about the investment in the real estate property, then the chances are high that you may not have considered your preferred points. If you want to invest in Real estate, then you must know what you want that suits you both feasibly and economically. If you have decided to become the landlord, but do not have much time to deal with the tenants and properties actively. Secondly, if you want to invest passively, then you will have to face the immediate impact of investment that you need to pursue.

  • What is your investment time line and importance of liquidity in your future?

You must set a specific timeline for your investment. There is some particular timeline that is illiquid; this is an unfortunate aspect of your investment strategy. You must ensure to get the liquid money when you required the most from your investment in real estate. This is another crucial question to ask before you make investment in Real estate.       

  • What is your tax benefit?

You will receive potential tax benefits both in the active and the passive investment in real estate properties. The tax benefit entirely depends on the amount of investments that you have made on the property. There are some specific economic zones where you can get more tax benefits on your investments.

  • How real estate investment gets affected due to your portfolio?

If you want to diversify your real estate investment or the portfolio, then it is a good thing. But which diversification will help and which will increase your expense you must consider carefully. The diversification that you are doing will provide you a better ROI in the future or not. It would help if you recognized that too.

  • Which factors attracts you in Real estate investment?  

In most cases, money is the dominating factor that may arouse your interest in real estate investment. Apart from that, there are several other factors, such as location, tenant, or your own need of property. Hence,  based on your investment, check your feasibility option.

Hence from the above explanation, it has become clear the questions to ask before you make investment in Real Estate. Just try to make an informed investment in the property to get a better return on your investment

Best Real Estate Books on Investing

Best Real Estate Books on Investing You Must Read In 2020

A quality book can change your life and also can guide you in the right direction of your life.

If you are planning to make a Real estate investment then you must increase your knowledge in this business. An informed person can easily make a quality decision at the right point of time. Best real estate books on investing in it can help you to solve the problems in understanding the core concepts and fundamentals that you need to know before investing in Real Estate.

So let’s explore the best books that you can consult to make a better investment in the Real Estate business.  

Best Real Estate Books on Investing

  • Long distance Real estate investing by David Greene:- If you are tired of investing on Real Estate business and want a guidance to know the right ways to make investments in the Real Estate business then David Greene can be the best guide for you. You can seek the assistance of the best real estate books on investing. In this book, Greene has shared his tips and tricks to grow the business anywhere in the country. You can build your own team, and will also get the idea of making perfect market analysis for hiring and buying the twenty rental properties.
  • Book on Rental property by Brandon Turner:- Through this book of Brandon turner he has clearly mentioned that how to build wealth and make a consistent cash inflow you can make through Real Estate. In the Rental property investment how you can become successful is clearly mentioned in this book. Just you need to follow the steps and the tricks to become successful in this business. You will get the opportunity to get the best deals if you follow the directives of this book religiously.
  • The art of deal by Donald J Trump:- If you want to get successful in your Real estate business then you need to consider the best business model of Real Estate. In this book he has clearly stated that, how you can make the best deals to get the best investment opportunity. He has shared his years of experience of dealing with the people, their families, facing challenges and meeting the best outcome with the help of this book. This book has also received the best seller award to guide you in getting the best source of knowledge in the Real estate business.

The above mentioned names of the books are the best Real Estate books on Investing you will never feel cheated or you will not get the feelings that you have made the wrong choice. Just you need to believe on the best part of the information that is there in these books. You can follow the tricks mentioned in the books easily. Just you need to be careful while purchasing this books as there are some fake editions are also there of these books in the market. Read, understand and change your life and investment patterns in the Real estate business. You just need to follow the instructions properly mentioned in these books.

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