Friday, July 13, 2007

Office Space

With the boom in Indian economy and opening up of the investment facilities, corporate leasing in India has finally come of age. As more and more investments flow into the country, there is a huge demand for commercial space in the country especially office space in India, showroom and Shops. With huge influx of corporate in the IT, ITES and the BPO sector, commercial rentals in the almost all parts of India are in demand. This is due to the lack of availability of office complexes in the wake of the demand it has created.
As corporate from around the globe has been making investments in the various avenues of the IT and the service industry, there has been an ongoing pressure amongst the developers to create state-of-the-art office spaces at par with the international standards. Corporate leasing of office space is also a growing business, considered profitable by the developers as well. The developers lease out the office spaces as a part of their business strategy as they consider that it is better to lease out a corporate office space instead of selling it as the worth of the portfolio they develop eventually will be much more than the sum of the individual projects; thereby, giving them an edge by holding a property and acquiring profits at the same time.
Besides the new corporate culture, office spaces for all business activities are an all time commercial rental favorite. Like any other business initiative, office spaces are mostly acquired as rented premises initially by a company till it allows itself to test the profit of the business.

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