About Us
Real Globe India Realty Services
Welcome to Real Globe India Realty Services (RGIRS). We are Delhi / NCR based commercial leasing & sale purchase Consultancy firm. At RGIRS, we understand that the right office in the right location at the right price can support a company's success. We've successfully served companies in ALL industries in finding that "right" Space. Our knowledgeable, professional and courteous agents are waiting to hear from you!
Investment Agency
Whether buying or selling RGIRS has the expertise and acumen to achieve the best terms for our clients. The team has an extensive knowledge and experience of the property investment market in Delhi / NCR.
The team targets both on and off-market opportunities for property acquisitions to meet clients' investment objectives. The RGIRS approach recognises that acquisition is only the beginning of the process of maximising investment returns. We also provide consultancy on how refurbishment, development or asset management initiatives can realise greater returns. Disposals begin with RGIRS reporting on whether there are opportunities prior to marketing to enable additional value to be achieved. This is followed by a sales strategy that details the target audience, marketing initiatives and timing. During marketing, all interested parties will be escorted around the property by an RGIRS partner. This enables us to provide first-hand intelligence to our clients regarding interest in the property and key issues surrounding its disposal. Throughout the sales campaign clients receive regular marketing updates.
Once a sale is agreed, RGIRS liaise with our clients' legal representatives until the transaction is successfully completed.
For more information please contact us.
Office Agency
Office agency at RGIRS covers lettings, sales and acquisitions; primarily concentrating on Delhi/NCR and serving in other parts of India as well.
The team has over 20 years' combined experience, with exceptional market knowledge and a proven track record of success. This is supported by numerous online databases, allowing us to be fully up to date with rental trends, office availability and occupier demand patterns.
We aim to offer our clients a level of personal attention that our competitors would consider to be above the call of duty. This is achieved by non-delegation of duties - a key differentiator - and a genuine enthusiasm for the job.
Our marketing strategies for lettings and sales are tailored to the specific project, whether it is a new development requiring pre-completion marketing initiatives or an existing building ready to occupy.
Our advice typically includes recommendations as to any necessary upgrading works, selection of marketing consultants, marketing literature, space planning, mailing, advertising and other promotion (from agents' launches to press relations).
For acquisitions, we follow a tried and tested process of understanding the detailed search parameters, identifying potentially suitable offices (both on and off-market), arranging a space audit (if required) and agreeing with the client a shortlist of viable options.
Whether acting for landlords or tenants we believe in having regular client meetings, meaningful property viewings, negotiation of comprehensive heads of terms and regular contact with solicitors throughout the period of legal formalities. Importantly, for us, the task is not finished until matters are completed.
For more information please contact us.
Lease Consultancy
Addressing the ramifications of lease events such as rent reviews, break clauses and lease expiries are crucial to either maximising returns from a property or minimising the costs of occupying it.
From either side of the landlord and tenant fence, it is vital to have access to advisory expertise and market knowledge that will deliver the desired outcomes.
RGIRS Lease Consultancy team deals with all aspects of lease negotiation and dispute resolution. Our approach is defined by:
1. Understanding our clients' business and property objectives
2. Developing strategies that support these objectives
3. Negotiating outcomes which achieve our clients' goals and safeguard their on-going relationship with the property
4. RGIRS position in the marketplace allied with a wealth of technical expertise enables us to identify and exploit legal, valuation and technical issues so that we are able to secure settlements which are always aimed at exceeding our clients' expectations.
It is this blend of market perspective, professional knowledge and negotiation skill which gives RGIRS its leading position in the Delhi / NCR lease consultancy sector.
For more information please contact us.
Commercial Leasing Process
Step 1: When you contact RGIRS, you will receive a detailed client consultation that will allow you to express your commercial leasing needs and your individual space specifications. We will learn your tastes, priorities, move schedule, desired price range and overall company direction as it relates to your acquisition of new space. Your RGIRS Real Estate agent reviews this information before your tour so that your valuable time is invested only in viewing space that matches your style and makes sense for your company.
Step 2: Armed with a clear understanding of your needs, your RGIRS Real Estate agent will do a geographically specific and exhaustive search for any currently available real estate spaces that would be desirable to you, carefully screening each one in accordance with your demands.
Step 3: Your commercial space/office viewing itinerary will be arranged to suit your schedule and will be confirmed in advance. Once you identify a match, your RGIRS Real Estate agent will help you plan your customized build out of the space including any needed flooring, wall construction, lighting, electric work and/or painting.
Step 4: Your RGIRS Real Estate agent will then prepare a formal proposal to the landlord on your behalf which will provide information about your company and your requested lease length, offering price and other specified terms for the office space. Your RGIRS Real Estate agent will also inform you of any additional NYC building charges before they submit your proposal.
Step 5: Many companies feel most comfortable communicating their requirements to the landlord through a licensed Manhattan broker. Red’s Real Estate brokers are trained in negotiation and are well qualified to assist you in coming to an agreement on terms.
Step 6: Your RGIRS Real Estate agent will manage any information related to the status of your space, any counter proposals or other correspondence from the landlord and the scheduling of any additional inspections prior to finalizing the paperwork.
**********************************************************************************Important terms you will need to be familiar with as you begin the office leasing process.
Loss factor: the percentage of difference between the actual square footage and an office and the listed size. Your RGIRS Real Estate agent can advise you of how many square feet you will need based on your company specifications.
Construction/build-out: Many office spaces can be custom built to the layout needs of the tenant. Your RGIRS Real Estate agent will review with you the building specific details regarding space alterations and custom build-outs.
Insurance: Office insurance is an important expense to plan for. Your agent can provide you with information of the insurance requirements of your selected address.
Please contact your RGIRS Real Estate agent for more information.
***************************************************************************FREQUENTLY ASKED QUESTIONS
How is a broker’s commission paid in commercial real estate?In Delhi/NCR are brokers commission vary from 15 days rent to 2 month rent. However we at RGIRS don’t charge for our services thus any company seeking commercial space can utilize RGIRS services free of charge as our main motto is to provide value for money to our esteemed clients.
Why should I only work with one broker?Changing offices can be a time consuming process. It often involves extensive listings research, multiple location visits during the work day, tracking and organizing all of the spaces viewed along with their corresponding size price and layout details. Also, since commercial vacancy status changes quickly in Manhattan, the search requires on-going verification of which new listings match your criteria and which spaces have already been leased. When there are multiple brokers managing your search, this process can become scattered, stressful and inefficient.
Hiring one broker gives you a single point person who will conduct research for you, update you on listings as they come on the market, pre-screen for spaces that match your desires and keep record of everything you have seen. With one agent who has a clear sense of your likes and dislikes, you have the best odds of seeing progressively better space as they zero in on the right office for you.
How do I determine what size space my company needs? The size of space your company requires is determined by the number of employees as well as the amount, layout, and size of the offices, reception areas, conference/ meeting rooms, server room, store room, recreational room, pantry and common area necessary for proper work form.
What is the difference between usable square feet and rentable square feet?Useable square feet are the actual dimensions of the physical space. Rentable square feet are the usable square feet plus that space’s portion of the building’s common area. Common area can consist of hallways, public bathrooms, stairwell and lobby. The difference between usable and rentable square feet is called the Loss Factor. Loss factors vary between buildings, but 30-35% has been the recent average in Delhi/NCR. For example, a space marketed in as 1,000 rentable square feet will yield approximately between 600 - 700 usable square feet.
How negotiable are rent prices? Landlord’s price flexibility is influenced by a number of factors. These include the company’s financial history, how long the prospective tenant has been in business, whether any work will be done to the space, length of the proposed lease term and how long a particular space has been on the market.
What do landlords offer to attract commercial tenants? Landlords may offer free rent to a perspective commercial tenant who has upfront plans to invest in improvements to the space. Landlords are also willing to incur the expense of making their own improvements to the space according to the tenants’ specifications if they see the prospect of a long term relationship.
Will the landlord offer more to a tenant if they sign a longer lease?Landlords typically offer more concessions for longer leases. Longer leases provide landlords with more time to amortize the cost of up front concessions such as free rent and construction.
What neighbourhoods in Delhi/NCR offer the most affordable office space?Contact us for up to date information on neighbourhood specific rental rates.
How do I evaluate if my broker is doing a good job? Evaluate the performance of your broker based on the following criteria: - Do they return my calls in a timely fashion? - Are they on time to all appointments? - Are they listening to my needs? - Have they helped to educate me on current market conditions?
Other questions? Please feel free to contact us at RealGlobe India Realty Services !
