Salcon Aurum Office for Rent, Jasola New Delhi

Salcon Aurum is a finished Grade A office building on Plot No 4 of Jasola District Centre in South Delhi, built in 2007, about 0.4 km from Jasola Apollo metro. It has seven office floors of about 23,696 sq ft each over three levels of basement parking, about 1,65,874 sq ft in all, and it is let to a list of foreign companies led by Volvo, Bose and Messe Dusseldorf. The row this page replaces printed a rent of about Rs 90 to Rs 115 per sq ft a month and very little else.

The rent is about Rs 90 to Rs 130 per sq ft a month, with most offices settling at Rs 100 to Rs 120. Maintenance is not published for this building; its neighbours charge about Rs 15. Below is every quote found, what a 1,000 and a 5,000 sq ft office costs a month, and how it compares with the other two big towers in the district centre.

Every rent quoted for Salcon Aurum

Two of these need reading carefully. The furnished Rs 90 to Rs 100 is lower than the bare-shell Rs 115, which is the wrong way round: a furnished office normally costs more. The likely explanation is that the furnished quote is an older listing, or a smaller, lower floor; either way, a tenant who is quoted Rs 90 for fitted space should ask how old the fit-out is. The Rs 130 is a coworking page's headline for premium space and sits above every priced lease found. The Rs 120 is the only rent in the set that a tenant is actually paying, on a nine-year lease with a three-year lock-in, which makes it the best single guide to what a large office here settles at.

What an office costs a month, all in

Take Rs 115, the rent on the 3,100 sq ft office. Maintenance is not published for Salcon Aurum, so the table uses Rs 15, the round figure between Elegance Tower's Rs 14.60 and DLF Towers' Rs 15.74 next door. Treat that line as an estimate and replace it with the figure on your unit.

A GST-registered tenant claims the GST back, so the working cost of a 1,000 sq ft office is about Rs 1.3 lakh a month, or Rs 130 per sq ft all in. A tenant who cannot claim the credit, a doctor's practice or a small charity, pays Rs 1,50,700, about Rs 151. At the Rs 100 entry quote the 1,000 sq ft office comes to Rs 1,15,000 before GST, and at Rs 130 to Rs 1,45,000.

The deposit sits on top. On three months' rent at Rs 115, the 1,000 sq ft office needs Rs 3,45,000 up front; at six months, Rs 6,90,000. The one Aurum lease on record runs nine years with a three-year lock-in. Next door at DLF Towers, small suites are let with a lock-in of twelve to twenty-four months and a five per cent yearly increase, and that is the pattern to expect here for anything under about 3,000 sq ft.

The building

• Size: seven floors of about 23,696 sq ft, over three basement levels for parking and plant. Seven times 23,696 is 1,65,872, which squares with the 1,65,874 sq ft total one source prints. A broker line that the project "spreads over 4.5 acres" could not be reconciled with that and is not relied on.
• Age and grade: completed in 2007 and described as Grade A.
• Metro: Jasola Apollo station, about 0.4 km, a five-minute walk.
• Tenants: Volvo Group India, Bose Corporation India, Messe Dusseldorf India, Innocean Worldwide Communication, Coloplast India, Promega Biotech and others. The list is not dated.
• Ownership: strata, unit by unit, so landlords and terms vary floor by floor.

A floor plate of about 23,696 sq ft is a useful size. One tenant of 20,000 to 22,000 sq ft can take most of a level, which is what the 22,000 sq ft offer is, and a 3,000 sq ft firm gets a corner suite without a long corridor walk. The building is nearly twenty years old, so ask about the age of the chillers and lifts, and whether a service charge increase is coming.

How it compares in Jasola

Put side by side, the comparison is close: the three buildings trade in the same band. Salcon Aurum's asks run a little higher at the top, and its one lease at Rs 120 on 5,500 sq ft is above DLF Towers' Rs 110. What decides between them is the unit: floor, fit-out, and which landlord will sign the terms you want. For a Saket address, which costs more, see DLF South Court at Rs 145 to Rs 180 and ABW Rectangle One at Rs 125 to Rs 170.

Who this suits

It suits a firm of 20 to 150 people that needs staff to reach the office by metro in South Delhi and does not want to pay Saket's premium, and a larger occupier after most of a 23,696 sq ft floor. It does not suit a tenant who wants a new building with current services, or a tenant on the tightest budget, who should also price the older stock in Okhla nearby, which this page did not. Buyers looking at the same building should read the pre-leased property page.

Before you sign

1. The carpet and super area of the unit, in writing, and which one the rent is charged on.
2. Maintenance: the rate per sq ft, what it covers, and whether power backup is billed separately.
3. Deposit: three to six months is normal; more than that is a negotiating point.
4. Lock-in and escalation: twelve to twenty-four months and about five per cent a year for a small suite.
5. Parking: the number of basement bays allotted to the unit, written into the lease.
6. The landlord's title: the owner's name on the conveyance or sub-lease, since this is strata space.

Weighing a purchase instead of a lease? The Salcon Aurum sale page sets the asking prices against these rents and works out the yield a buyer would get.

Frequently asked questions

What is the office rent in Salcon Aurum, Jasola?

About Rs 90 to Rs 130 per sq ft a month, depending on fit-out and floor. A broker listing puts furnished space at Rs 90 to Rs 100, a leasing site starts at Rs 100, a 3,100 sq ft office asks Rs 115, a let 5,500 sq ft unit pays Rs 120, and a coworking page quotes Rs 130 for premium space. Most bare or warm-shell offices should settle between Rs 100 and Rs 120.

What are the maintenance charges in Salcon Aurum?

No listing found prints a maintenance rate for Salcon Aurum. Its two nearest neighbours in Jasola District Centre publish theirs: Rs 14.60 per sq ft a month at Elegance Tower and Rs 15.74 at DLF Towers. Budget about Rs 15 and get the figure for your unit in writing before signing.

How much deposit and lock-in does a Salcon Aurum lease need?

No Aurum lease terms were published except on one let unit: a 5,500 sq ft office on a nine-year lease with a three-year lock-in. Next door at DLF Towers Jasola, listings print three months' deposit, a lock-in of twelve to twenty-four months and a five per cent yearly increase. Expect three to six months' deposit on a small office and a longer lock-in on a large one.

How far is Salcon Aurum from the metro?

About 0.4 km from Jasola Apollo metro station, the stop listing sites call Apollo Hospital. Staff can walk it in about five minutes, which is the building's strongest point.

Which companies have offices in Salcon Aurum?

Tenants named on a coworking page include Volvo Group India, Bose Corporation India, Messe Dusseldorf India, Innocean Worldwide Communication, Coloplast India, Promega Biotech, Sunrise Sports India, Panmet International, Knowledge Infrastructure Systems, Roscan Tradelinks and Fourth Dimension Solutions. The list is not dated, so ask the building manager which of them are still in.

What office sizes can I rent in Salcon Aurum?

Floors are about 23,696 sq ft, and listings run from furnished suites through a 3,100 sq ft office and a 5,500 sq ft let unit to about 22,000 sq ft offered together, which is close to a whole floor. It is strata-owned, so small suites come from individual owners and a full floor needs several of them to agree.

Is Salcon Aurum cheaper than DLF Towers Jasola?

About the same. DLF Towers asks Rs 95 to Rs 110 plus Rs 15.74 maintenance, and Elegance Tower Rs 95 to Rs 110 plus Rs 14.60. Salcon Aurum's asks of Rs 100 to Rs 120 for most offices sit level with them, with a few premium quotes at Rs 130. The choice between the three comes down to the floor, the fit-out and the landlord.