The decision to buy, lease or rent a commercial property in Noida is a serious consideration,especially for the small business owner. Ultimately, you'll need to get a good clear picture of your company's financial position and then consider your options. Here are some starting points and questions to ask.
What are the Opportunity Costs?
Deciding to lease or buy needs to be based on your available capital outlay and the opportunity costs involved - how will your money be better spent?
While buying office space gives businesses the freedom to make improvements in the future, the initial upfront costs of the purchase will be prohibitive to most small business operators. Banks are often hesitant to lend a hand to new businesses that lack a long-standing operating history. Additionally, other costs such as appraisal fees, property taxes, and maintenance expenses will continue to tie up working capital throughout the period of ownership.
The advantage to purchasing one of the many commercial offices in NCR region has to offer is that long term ownership allows for property appreciation and increased equity.
Meanwhile, leasing doesn't require the large up-front cost that purchasing demands, so it's much easier to finance especially if you're just getting into business. However, as your business grows, the lack of equity build-up, possible annual rent increases and forced relocation can be some of the drawbacks involved with the decision to lease.
What are the tax implications?
For the purchaser of commercial space in a business park like the ones developed by The Sundream Group, repairs, maintenance and other security concerns are handled by the developers dedicated teams. With present government initiatives to bring forward the startups, loans are easily available with easy on pocket rate of interests and terms and conditions. The concessions are available as per the property taxes, and other qualifying expenses. Annual depreciation deductions can also be accounted for. Meanwhile, leasing generally allows the renter to deduct the entire cost of the rent as a business operating expense.Can I commit the time?
Ownership of any property generally requires a deeper level of understanding and involvement with the complex rules that govern the commercial property market - much more so than leasing. As a commercial property owner, more of your time will be spent on the hassles of owning which may interfere with your focus on business growth and development. A certain lack of flexibility exists because the owner cannot simply pick up and move if the location becomes less than expected or if the business rapidly outgrows its facilities. However, this might not be a point of concern if you have invested in a reputed project, which means all the headache will be taken by the teams of the developer and you can give 100% attention to what you are best at doing – Your business.
You'll have plenty more questions to ask - but fortunately, you don't have to answer them on your own. Just make a call at investing with The Sundream Group and enquire about their commercial property in Noida, you will achieve first-hand information which is more specific to your business needs and help you make that all-important breakthrough of whether to buy or lease.
Our Suggested Developer – The Sundream Group
Considering the burst of technology, online collaboration services and above all the world’s economic conditions, the rise in investment in commercial properties makes sense. If you are one of those looking for much flexibility, freedom and cost efficiency for your business or work profile, you should explore commercial spaces available with The Sundream Group. For instance- The Sundream Group’s project Anthurium is a commercial property situated in Sector- 73, Noida. The project includes Artificial intelligence (AI) ready coworking office spaces. The place is a perfect blend of work, pleasure and wellness, owing to its gymnasium, yoga rejuvenation center, shopping center and sky lounge roof top restaurant. Simply put, serviced offices are some of the most flexible and convenient facilities that individuals and companies can consider for the office space requirements.
For more information on commercial office space in Noida, visit https://www.anthurium.in/co-working-space/
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