Is it worth having office in Chandigarh for startup or new business ?  What are the options to reduce rent and still have office space in region, & do we know how much rent prevails in which area ?

let’s have a look.

The truth is that we all want office at prestigious location & having office on rent in Chandigarh is always a plus point for any venture. Chandigarh is a City where people from Punjab, Himachal, Haryana and Uttrakhand dream about moving to. Whether you are a Student, Businessman, Entrepreneur, Govt employee or a Job-seeker, it has something for all. While the city is great and there are so many things to do, but it is generally quite expensive. Let’s say that average rent for office space is rather high, although some places nearby like Mohali Zirakpur Panchkula are more affordable than others and seems like better choice on affordability.

However, does that high rent means you should not have office on rent in Chandigarh?

We are going to take a look at few points on having Office Space on rent in Chandigarh compared to an area that is far cheaper in tricity, to help you to make your choice a little easier.

Source – OfficePostBox.com

(High Street is SCO and SCF)

(Includes spaces offered for start-ups in IT Parks)

How interesting is commercial space in Chandigarh?

Apart from office space on rent in Chandigarh, there are other premium inner markets for QSR & Food outlets in Sectors. For example Sector – 8 – 9 -10 – 34 – 35, where you will find small Booth space of 100 sq ft for more than 90000/- to 120000/- Rs. per month. Such premium Bay Shops are also available in Mohali 3B2 and Phase 5 as well, where rent is more than 250 – 350 rupees per sq ft. International Brands like Starbucks recently opened its first outlet in Chandigarh and planning to open more locations here making Chandigarh rental market more upwards.

How about CoWorking Spaces

Now let’s have look on new age office space on rent in Chandigarh. Co-Working style office spaces on rent are on rise in tricity as SpaceJam, Innov8, StartHub Nation, SOCIAL & Regus are already doing well. Chandigarh is becoming hot hub for startups as entrepreneurs are setting up ventures here and these Co-Workings are providing right kind of atmosphere. Some key international brands making it more interesting as we are expecting International Co-working Brand WeWork to enter in Chandigarh as well. Trend is becoming more strong after Innov8 is acquired by OYO for 200cr.

Virtual Office Space

Where as virtual office space on rent is also available now in Chandigarh. Startups like OfficePostBox are providing virtual office space in Chandigarh, Mohali & Panchkula. Virtual office space on rent reduces rental burden on companies as rent is as low as 999/- per month. For new business, opening of current account in bank is challenging as they need to get GST Registration & here virtual office space by OfficePostBox help them to get office space on rent in Chandigarh at 999/- per month.

IT Park Areas

Now let’s talk about office on rent in IT parks in this part of world. Chandigarh IT Park is dominated by big IT companies & its expensive. No doubt that open green areas, wide clean roads & Shivalik foothills provide perfect scenic view with calm environment but expensive office space rental is hallmark. Not everyone can afford that. Where as Mohali Industrial Areas are becoming choice for IT Companies as rentals are relatively low, despite of having on International Airport Road, proximity to Chandigarh and having many collages in vicinity. Its easy to commute to Mohali Industrial Area. But, parking is a big headache there as developers are not providing sufficient parking space for office on rent in Mohali.

Malls for Office Space

Mr. Ashish Arora CEO of Business Spaces & owner of Co-Working WorkZone shared that Chandigarh Industrial Area is becoming hub for office Spaces as Centra Mall & City Emporium Mall is leasing out more for office space on rent rather than shops, whereas, Elante Mall Offices, Berkeley’s Office Mall and Godrej Properties are offering developed office space. Office on rent in mall is becoming fashion but CAM ( common area management charges ) plays havoc on monthly bill. CAM increases base rent, but those who are looking for lush clean office space with food & cafe facilities in vicinity, still opt for office space on rent in Chandigarh Malls.

Lets Talk About Suburbs of Chandigarh;

Chandigarh Capital region is expanding like anything. Zirakpur a suburb near Chandigarh is providing exciting office spaces on rent. It’s right on National Highway to Delhi, Patiala and Simla. Newly developed office space is available at throw away prices almost. Big international wholesale brands like Walmart, Metro – Cash & Carry, Decathlon & D-Mart are making this area interesting for many. This Zirakpur juncture is placed beautifully in center among State borders like Punjab, Haryana & Himachal. Fresh supply by builders for office space in Zirakpur is making office space on rent affordable. Proximity to Chandigarh & Panchkula Industrial area is hallmark of this place.

Kharar is another suburb, which is extension to Mohali sectors providing huge supply of commercial spaces in vicinity of Chandigarh. Kharar area is densely populated & many over bridges are getting constructed on NH-21 creates traffic chaos. Once construction is over in years time, this area will provide fruitful results in commercial spaces. City Heart a planned commercial space is a great offering in Kharar.

Panchkula city is right next to Chandigarh in North East direction is gateway to Haryana & Himachal. Its part of tricity & also providing planned commercial space like Chandigarh. Haryana Govt is having its most of Head-offices in Panchkula. New Sectors where IT Park is flourishing is giving good options on Kalka Zirakpur highway.

By now, after reading article you have fair idea about office space on rent and commercial properties in Chandigarh & around. But still, if you feel that you need assistance and right kind of professional help in deciding upon office space on rent, you can contact us at           +91-998-8252-755.

You can contact author of this article M.S. Chahal on officepostbox1@gmail.com .

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