Are you looking for office spaces for rent in Mumbai? One of the best options is to take on rent is serviced office. These offices require a minimum investment and are popular with companies are start-ups, IT, and Tech companies. Most serviced office space hubs provide plug-a-play Mindspace Offices with very high standards and modern facilities in landmark buildings.
On the other hand, the traditional office spaces are large and require more investments towards rent and costly fit-outs. The large conventional offices have existing layouts. Hence, these spaces are not allowed to be redesigned.
Business parks in India - for Start-ups, SMEs, and Corporates
Shared office spaces are proving to be an inspiring, hassle-free, and profitable environment for Freelancers, Entrepreneurs, start-ups, SMEs, and corporates. The co-working spaces ensure a cost saving of at least 20% - 25% annually compared to conventional leases. This type of facility provides flexibility for short and long-term rentals. Shared office space includes amenities, such as the internet, reception services, conference and meeting rooms, AV equipment, kitchen, and lounge facilities.
Location of office space
For entrepreneurs who want to Rent an Office in Mumbai, the location, cost, and quality are prime considerations. Depending on the type of business licenses, places like the Raheja Mindspace are ideal for IT and tech companies.
The top 10 office locations in Mumbai are
- Bandra Kurla Complex (BKC)
- Andheri
- Fort
- Lower Parel
- Worli
- Nariman Point
- Bandra
- Malad
- Powai
- Ghatkopar
Advantages of IT park
The tech parks in Mumbai offer the best commercial facilities and value-added infrastructure that gives workers lead a fulfilling lifestyle, such as
- Food plazas
- ATM’S
- Car Parking
- 24-hour surveillance and security
- Power back up
- 24×7 emergency ambulance service
- Recreational grounds
- And many more
Offices on Lease and Rental
The typical lease term ranges from one year to three years. Landlords detach the lease rental and service and administrative charges separately.
Rents are calculated on a per square foot basis. Rents are fixed for the first two to three years and afterward subject to increments of traditionally 5% per annum. In some locations, landlords are liberal enough to give tenants to extend the lease period.
The cost of office space depends on its size and location. It can range from INR 20K – 5 lacs per month, depending on the size and location of the office.
About Mindspace business parks
Mindspace India Airoli East provides one-stop business solutions to entrepreneurs with business centres and dedicated office facilities in prime locations in Navi Mumbai. They have flexible office space options that suit all types of requirements of the clients in terms of size and budget.
The company has five integrated parks and five independent offices of high-quality totalling 31.8 MFS of leasable area. The IT parks and offices stand out for their scale and facilities. These properties are in prime spots that connect to established micro markets and are well-connected with social and transportation infrastructure.