After their
bashing successes in western countries, the concept of open-offices is slowly
developing keen-ness in Indian psyche off-lately. Metro cities ranging from
Bangalore, Delhi, Mumbai, Pune etc. Are flooded with requests with an essential
waiting list which goes to months for getting a space in such open offices.
This evidently shows the demand and at the same time its scarce availability, thus
deeming the concept of "open offices" as hot investment target for
future is no overstatement.
Defining the
concept of open office, which are sometimes called "shared
work spaces" or "plug-n-play offices", they are essentially
work spaces which is pre-infused with all the essentials of a work space
including the construction and digital infrastructure required and provides a
definite ground space for working and not worrying about other tiresome
phenomenon associated with maintaining an office space. There are umpteen
number of advantages that appeals the working class to apply and acquire such
spaces thus bypassing the old-school concept of office spaces.
Firstly, with
growing number of freelancers and start-ups in India, it is economically not
viable for such low capital companies to rent or leasehold properties in the
white-collar hubs of the country due to their burgeoning prices, procedural
fatigue and long drawn processes associated while acquiring new property.
Hence, such open spaces provide these freelancers and new businesses with a
lucrative opportunity of working from an already maintained space which is
fully furnished with all the essentials of an office without necessarily
worrying about the ownership and maintenance of the working unit. They can just
come, plug-in and work without worrying about the non-essential stuff that
tends to impede their working efficiency. Moreover, a Govt. Report on Start-up
India states that Indian start-up market is set to quadruple itself by 2025, and
thus these start-ups would essentially need office spaces to work which is
already in scarce, and hence this surely makes the concept of "open
offices" a very lucrative calling card for investors to invest in for the
coming decade.
Secondly, professionals
such as architects, lawyers, charted accountants etc. Are finding it difficult
to find working spaces which would facilitate meeting their clientage to
discuss the issues pertaining therein. Such scarcity is on the account of
increasing number of professionals functioning in the market, inadequacy of
funds provided by the Govt. (for eg: low funds to build chambers for lawyers)
and lack of availability of space as such professionals often prefer certain
hotspots wherein client base is more. These days such professionals are finding
it convenient to meet their clients at a restaurant or a coffee shop due to
obvious reasons. Thus providing them such open working spaces would be
profitable and a lucrative deal, and a win-win for everyone, which is surely
the most successful business model globally. Thus investing in such portfolio
would ensure you definite returns which would be on the rise for the coming
decade for sure.
Finally, the ease
of access that these work spaces provides to everyone wherein the companies and
professionals need not worry about non-essential fatiguing work such as
maintaining the work space, maintaining a kitchen space, a projector room,
lightening arrangements, janitor staff, fibrenet facility, furniture etc. That
generally end on reducing the efficacy output of the company and such
professionals. Thus such open-office spaces are the way to go for investors
looking forward to invest in certain real estate portfolios in the coming
years, as such would be a very high returning and a constantly-rising portfolio
for the times to come when India is set to embark upon the development of its
economic growth through new businesses and professionals across the country.
Way to go investors!
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