#commercialpropertyinthane

A sleek and functional office space allows your business to reach new and greater heights. But how to decide on the perfect place that will give wings to your business? We all know that entrepreneurs are often known to struggle with the question of buying v/s renting an office space. So, read ahead as we weigh out the pros of each, and hopefully solve this headache for you.

Whether it is a commercial property in Thane or an office space in the lofty towers of Powai – let’s not forget the importance that an established commercial hub plays in choosing the right office space. Be it leasing or buying, entrepreneurs prefer to be in the middle of the top business high-rises of Mumbai. So, ensure that this is accounted for in your plan to acquire a work address to achieve your business goals.

Renting an office space is quite an attractive option for start-ups and growing businesses. Such businesses find it easy to function in rented workspaces, as it is quite feasible and removes quite a lot of maintenance hassles.

1. Easy access to prime locations

As a growing business, it proves cost-effective to rent an office space in a high-end business locale. Such grand business circles not only offer you advanced technological resources that make it easy to work peacefully but also to maintain your brand image.

A perfect example is our project of ShethCnergy in Thane. This commercial tower is all set to be an ideal playground for budding entrepreneurs to function in state-of-the-art workspaces and maintain a luxurious status as well.

3. Low capital investment

While you need to pay large down payments for purchasing an office space, renting one is not so heavy on the pocket. You merely need to give a refundable deposit or incur broker charges. The remaining capital can be used effectively for investing in new business opportunities.

3. No hassles for repairs

The responsibility for repairs and maintenance expenses usually falls on the landlord. So, do ensure that you negotiate and sign a lease agreement that clearly specifies such responsibilities. An adjustment where you’re responsible for the general cleanliness of the interiors and the landlord for the building repairs works best. It saves you repair expenses and precious time that can be redirected in expanding the business.

4. Flexibility of shifting to a new address

In case of space issues, small or rapidly expanding businesses find it quite convenient to relocate to a new property. When renting a space, there is certain flexibility where you can work according to your business preferences.

 Major MNCs (multinational corporations) often tend towards this option to seal a building for themselves, which they and their employees can function in for years to come. This office building becomes their very own and a significant landmark in its own right.

 Instead of an entire building, if you’re purchasing a workspace – it helps to invest in iconic buildings that elevate your business status. A grand iconic tower such as ShethCnergy is an upcoming office space in Thane that will cater to your wishes of owning a global business address.

1. Strong investment asset for future

Not only will you build equity over time but you can also use it as collateral to secure loans and further expand your business. You can also sell the office space later to make it a retirement funding investment indeed!

 2. Tax deductions

If you’re buying an office property backed by a loan, you are provided significant tax deductions in your monthly interest installments. This helps you save capital that can be invested elsewhere in your business.

Further, you can depreciate the office property for tax deduction purposes. Depreciation is the rate at which the value of an asset drops through the years, which helps to arrive at the real cost of the asset. When calculating tax liabilities, depreciation is written off as business expenses in accounting.

3. Convenience of modifying interiors

You are free to renovate the interiors, which may not be possible when renting an office space. This means you can customise your workspaces tailored to your specific requirements. Such interiors also help you create a unique stamp of your brand image.

4. Fixed costs

If you’re purchasing a property on a loan, there are fixed payments to be made in installments. This is not the case for rented properties, where the rent prices keep increasing as the years go on.

5. Option for leasing out

If you have excess space, you can consider renting out a portion of your office property to incur extra monthly profits. The rent that you acquire from this property will also be liable to more tax deductions!

Civilisation in Thane has evolved right from the Vedic times to the present day. The region has transformed immensely over the years and is now a bustling real estate hub in the Mumbai Metropolitan Region (MMR).

 The History The earliest recorded evidence of Thane dates back to 135-150 AD, the mention of which is made by renowned Greek geographer Ptolemy. He referred to the area as Chersonesus, which according to the researchers, is an area around Thane creek. Centuries ago, Thane was called Shreesthanaka. It had been a part of Aparant, Shilahara and Bimba dynasties.

 Mohammedan, Maratha, Portuguese and British rulers also ruled this city for a while. Even well-known traveller Marco Polo visited Thane in 1290 AD and mentioned it as a kingdom that was always busy with loading/unloading of goods and brimmed with traders from across the Nation. A reference to the bygone era still exists in the name of Ghodbunder Road. If the word is broken up into two and translated, it means ‘horse’ and ‘port’. As per historical evidence, Ghodbunder is the place where horses were unloaded from the ships. However, post-independence, the demography of the region has undergone a drastic change. From being an area of multiple hamlets, Thane is now a bustling city.

 The only thing that has remained unchanged, over the years, is the name of popular locales, including Thane Creek, Parsik and Yeoor Hills along with a few other villages. Other than Ghodbunder, the other relevant names include Naupada, Patlipada, and Agripada. These areas were named during the Shilahara era when there were ‘padas’ or hamlets. In the present day, these localities do not reflect even an iota of what they used to be once. Prior to Independence, the first passenger train operated in India connected the then Bori Bunder (CST) with Tanna (Thane) in 1853. Having a rail link between these two locations shows how famous Thane has been for centuries.

 The transformation Post-Independence

 Thane has transformed immensely post-independence, giving way to the construction of multi-storeyed buildings. Until three decades ago, the region largely comprised of buildings that were not more than three storeys high. However, in the last couple of decades, high rises have started mushrooming in the locality, thereby marking the emergence of Thane as a new-age city. Since 1990, the population has almost doubled to around 14,00,000 in 2019. In 2020, the figures must have increased by manifold. The strategic location of the region is what has kept it relevant for so many eras.

 Even now, the potential of the region has not been fully utilised. As a part of the new-age city, Thane continues to grow profusely amid other popular locales in the Mumbai Metropolitan Region (MMR). Not only does it comprises of some of the best residential colonies in Mumbai, but also has a number of commercial complexes coming up in the vicinity. Extensive development of the real estate, over the years, has made Thane one of the most sought-after regions for residential and commercial investments. Presence of ample job opportunities also makes this place a preferred choice among the masses.