How To Buy An Office Space In Raipur For Less, If You're On A Budget?

By Author: Trisha
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Raipur, the capital city of Chhattisgarh is one of the most affordable and budget-friendly cities in the country. For a city as developed as Raipur, you would hardly believe that it does not burn a hole in your pocket to live here. And so, it only makes sense that a large number of people from across the country migrate to Raipur to avail the various infrastructural and lifestyle benefits it has to offer. From well known educational institutions to prominent industries, you can find everything in Raipur. Along with many other sectors, one major sector that is constantly growing in Raipur is the real estate sector. The continuous inflow of people in this city gives a major boost to its real estate industry. Since the last few years, the city of Raipur has seen an incline in the real estate sector. It has been the centre of interest for social infrastructure as well as real estate development, attracting people from not only the state of Chhattisgarh but all over the country.

The real estate industry is growing in Raipur, and with the upcoming plans for Raipur by the central government more people are migrating here, along ...
... with real estate developers. Many prominent names in the real estate industry have already started developing aspirational residential and commercial projects here. Hence the future for real estate in Raipur is flourishing.

Commercial spaces can be a need of many people but the budget constraints make it an impossible task. However, some businesses cannot function without a commercial space, so let us have a look at how we can have our own space for our businesses and also manage the financials.

A. Choose a location that offers a cheaper space but is more likely to develop in the future: When looking for a commercial space in a budget, choosing the right locality is the key. If you're planning to purchase a cheap space for investment purposes in Raipur the best location you can opt for is Naya Raipur. The prices of the properties in Naya Raipur have escalated in the last 2-3 years but the returns on investment in this area are gratifying. Naya Raipur is developing at a rate faster than any other locality nearby. The rates of commercial properties in Naya Raipur are still comparatively a lot cheaper than the incline it will take in the near future. Due to the Naya Raipur development plan 2031 by the central government prices of properties may skyrocket in the near future, thus providing excellent returns on investments.

Apart from investments if you are looking for an office space in Raipur in a budget for your business you can find cheaper places in localities like Telibandhan, Pandri, and also New Rajendra Nagar. The average price of commercial space in Telibandha is Rs. 1982.0 per sqft. And there are many properties up for sale as well as for rent. Telibandha is a good locality with ample parking space and has a rating of 5.0. The quality of the roads is also very good as shown by the average user's rating of 5.0. If not Telibandha, Pandri is also a great option for commercial spaces. Pandri is already a business and entertainment hub. It is near to the city centre which makes it more likely to develop in the future. The Mahalakshmi cloth market in Raipur is an important textile hub where you can find many compact shops at a cheaper price. 67% properties for sale in Pandri lie in the range of ₹40 lakhs - ₹60 lakhs while 33% properties for Sale lie in the range of ₹20 lakhs - ₹40 lakhs starting from ₹ 5 lakhs. Lastly, you can find a good workspace for a cheaper price in New Rajendranagar. Commercial spaces in New Rajendranagar start with an average price of ₹ 5 lakhs.

B. Co-working space: Co-working is when many people assemble in one neutral space to work independently on different projects, or in groups on the same projects. It is different from a typical office workspace because the people in a coworking environment generally aren’t working for the same company. Hence, the financials for the workspace is also divided. Coworking spaces offer the same amenities you would find in a traditional office, along with a lot more. A major differentiator is flexibility since you do not need to sign a long-term lease in a coworking space. This is a great option for startup businesses, independent contractors, and anyone who needs a workspace in a cost-efficient way. It is difficult to find anything more affordable than a coworking space. Since Raipur is a place that attracts many students and bachelors for jobs, coworking can be very efficient and budget-friendly.