The pandemic has drastically changed the way people think about office spaces and the concerns they have. Earlier it was all about the amenities and accessibility, but now it is all about hygiene and social distancing and the New Normal Norms that matter the most. Here are some questions organizations need to ask before making that all-important decision: Has the working environment been re-designed to facilitate social distancing? Before the onslaught of COVID-19, open plan and shared offices were more in evidence. But now there is a change in approach. As office spaces in Navi Mumbai show, there is a trend […]
The question facing companies or individuals setting up a business is whether to lease or buy an office. There are various reasons for and against taking either path. A major advantage of buying commercial property is that you can have equity that can appreciate – grow in value over time. You also have equity that can be used as collateral if and when required. You should also factor in the property’s rental potential if it is located in a prime business area. The drawbacks, of course, are that you have to make an upfront investment that eats into your capital […]
If you are a startup or a newcomer in the business world, you might face a major challenge: how to prove your credibility and be seen as a serious player? The place you work from plays a major role here. If you work from home—or a coffee house—you risk being seen as not very professional. The informal, ‘homey’ image is not very advantageous specially when you are starting out. Of course, those who are established and have a ‘name’ in their field, do not have this problem. But for newcomers, establishing their credibility can be a difficult challenge. It can […]
Mistakes are stepping stones to rework the past, improvise the present for a distinct future. Mistakes are part of human life and there are chances of correcting them instantly or gradually. Likewise, mistakes are part-and-parcel of businesses, and they can either be linked to office space, overheads, branch operations, sales, staffing, etc. But the scenario in a business is different compared to an individual. Businesses function on decisions, unanimous decisions, and at times decisions fail resulting in losses owing to mistakes. Well, established companies have little effect on their normal operations. It is the new businesses or start-ups who face […]
While challenging the existing workplace status quo, millennials have often not been happy with the traditional office infrastructure. Exactly how they call for project success over stipulated work timing, they prefer their workspace to be designed comfortable, convenient and contemporary. We are glad, our DBS Business Centers have been on the top list of many prosperous millennials and today, they form a major portion of our clientele across the country. Based on their inputs and insights, here is summing up the trending workspace expectations that today’s millennials look at. Very contrary to how offices are presumed to be, these five […]
Let’s look at the highlights of India’s shared office industry growth rate. The following statistics are based on the latest research report ‘Spotting the Opportunities: Flexible Space In Asia Pacific’ (2018) conducted by JLL, a leading American real estate services firm. 40 – 50% market growth in 2018 35.7% rise in flexible floor space growth rate Potential Market Size: 13.5 million users by 2020 Top cities: Mumbai, Tune, Hyderabad, Delhi, Bangalore, Chennai Investment for shared office industry to go up to US$ 400 mn, this year This clearly portrays the phenomenal growth of the shared office industry in India against […]
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