Brigade Group

Important Things to Remember About of Office Leases If you are a first-time lessee (tenant), you should understand the different types of leases available and associated terms and conditions with them.  Lease term: The specific number of months when the lease will be valid. It should have a beginning date and an ending date.   Base rent: Calculated as price per square foot or a fixed monthly fee . Escalations: The landlord will increase the base rent (usually annually) and as a percentage of the base rent.   Common area expense: It is also known as common area maintenance (CAM). This is the tenant’s share for shared areas such as parking, cafeterias, lobby, pantries, gymnasiums, mail room, recreational rooms, auditoriums and public bathrooms.   Sublease and termination clauses: This allows the lessee to rent out the property to their associates fully or partially or vacate the premises before the lease term is complete after giving proper notice.   ... Continue reading →

Introduction Investing in office space is not an easy task. If you are looking for premium office spaces for your company’s operations, read further to know the right way to select the perfect office space for your esteemed organization.  Few rules before investing in commercial real estate  Location: If you are looking for returns on investment through rent and capital appreciation, ensure that you buy a commercial property in a prime location which will appreciate over the years. Pricing of the commercial property is dependent on the location and the amenities included in the property. For example in Bengaluru, commercial properties located in Outer Ring Road, Whitefield, Bannerghatta Road, Electronic City, Domlur, Hebbal and other IT corridors will cost much higher than other locations.  This rule is applicable whether you are planning to buy the property or take it on lease. If your office location is in a prime area, your company will be able to attract the ... Continue reading →

Real estate business, including commercial, is always a good investment opportunity. These commercial properties offer a handsome financial reward than any other kind of property. It is one of the constantly growing markets in the Indian economy. It deals in a variety of office spaces, retail and business areas. Anything apart from the residence that one uses to carry out their business operations is considered commercial real estate. In other words, these kinds of properties are owned to produce income. In India, the average price of commercial properties is growing upwards. With this growth, business is also moving at a fast speed. When one invests in commercial real estate,they  have the advantage of a consistent inflow of money. It is one business where one can expect high financial results. If you can provide commercial space for rent, you can get a higher income. Benefits of Commercial real estate Higher returns One would always think of investment only to get substantial ... Continue reading →