By Soniya Gaonkar on Oct 8, 2021 6:57:30 PM
The corporate front office of a particular business plays a pivotal role in its success. Hence, from hiring the right resources to choosing the right location, companies need to consider a range of factors before they set up their corporate front office. We will focus on the latter part, which is selecting the right location, and the several other aspects that help business owners make the right choice.
Lately, since a decade, Pimpri Chinchwad has emerged as a significant commercial location. The presence of various industries, coupled with the city's proximity to Hinjawadi, have contributed to the city's evolution into a lucrative and promising location for corporate offices of various companies.
Nevertheless, having an office anywhere in PCMC may not help. The city sprawls across several miles. Hence, you must choose a location that potentially promises the highest possible RoI and business opportunities. But then, how do you know whether a particular commercial property is the best? And, is there a specific location within the city that can give a business a competitive advantage? This blog answers both these questions.
5 Factors to Consider While Buying a Commercial Property in PCMC
Now, the term "best commercial property" entails several factors from the right location to others, such as the layout, cost, the developer involved, and customer convenience. All these directly impact your business and your investments. Hence, a considerate thought to each one is crucial to get the best value for money.
1. Location Review
Let us assume you've done expert market research and chosen PCMC as your location, considering the prospects that the city promises. Now, the next factor is which location to choose within the city. While doing so, please consider various aspects such as the connectivity of the area, the prominence of the location, its convenience to prospects and customers, the cost of similar properties in the area, etc.
For instance, locations like Chinchwad, Pimpri, Nigdi, etc., are considered central, have excellent connectivity, offer optimal visibility, and are convenient for everyone to travel to. Some other emerging ones include Ravet, Rahatani, and Wakad. Commercial property in PCMC is indeed beneficial. But in what ways? Click on this link that talks about the Benefits of Buying a Commercial Property in Pimpri Chinchwad.
2. The Layout of the Office
Remember, a corporate front office doesn't refer to a shop but a proper customer-facing and revenue-generating center for your company. As a result, you cannot choose an office with an awkward layout. The layout must allow you and your prospects to move around freely and sit comfortably. Apparently, this may not directly concern sales and profits.
However, it does when you talk about customer convenience, satisfaction, and experience – factors that are undoubtedly linked to the commercial aspects of a particular business.
3. Developer of the Property
Buying a commercial property in PCMC isn't a joke. It demands a considerable investment, and therefore, in addition to the above factors, you must also examine the developer's reputation and credibility and review other properties developed by the developer.
Additionally, consider factors such as customer feedback, the performance of projects, overall ease of transactions, structural and administrative compliance, etc., to choose a sustainable and trustworthy developer.
4. Customer Convenience
In connection to the first point, an office that causes inconvenience to its customers and prospects isn't the right choice. For instance, if you plan to open a corporate front office for business consultation, you may have many people looking forward to meeting you in person. If your office is centrally located at a convenient location in situations like these, it may indirectly prove momentous for your business.
However, if it isn't, the result is quite apparent. People might refrain from visiting your office, and you might lose onto opportunities.
Related Post - Commercial Spaces for Retail Brand Stores in Pimpri Chinchwad, Pune - 8 Things to Consider
5. Cost of the Property
Cost is undoubtedly an important consideration. Of course, that's because you cannot spend a fortune on only buying or renting a commercial property in PCMC Pune. Accordingly, you must look out for properties that are beneficial yet competitively and reasonably priced and compare other similar properties in the same area. Here, the key is to strike a balance between cost and benefits.
But you must not let cost drive everything. A bit of a premium property with benefits that outweigh the costs, in the long run, can form a potential choice. So, you must think rationally. Whether you lease, rent, or buy the property, you must calculate returns in the long run and accordingly take the call. Your property developer can help you compute the returns based on the location's potential and enable you to make an informed decision.
KWT – The Upcoming Revolution in Commercial Real Estate!
Now that you know the benefits of buying a commercial property in PCMC and also the factors to consider while buying it, consider visiting Kohinoor World Towers (KWT) in Chinchwad. Strategically located on the Old Pune-Mumbai Road, Opposite Ranka Jewellers, KWT is a prominent location that no one can overlook or ignore.
KWT offers shops, showroom spaces, and corporate office spaces for sale in PCMC. Each commercial unit of KWT is meticulously designed to help businesses to optimize the space and potentially maximize their returns in the long run.
So, if you are considering buying a commercial property in PCMC Pune, KWT comes in as one of the best choices! Connect with Kohinoor Group at 020 6764 1839 to understand the lucrative prospects related to KWT.