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Showing posts with the label managed office space

The New Office Capital: Hyderabad Surges Ahead of Bangalore in FY23

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Hyderabad, the capital city of Telangana has gradually become one of the most prominent hubs in India for flexible office leasing. The demand for these advanced office spaces in Hyderabad has been skyrocketing because the city has undergone significant infrastructural development and maintenance in the past few years . According to a research report by ANAROCK, 2023 has so far been an outstanding year for Hyderabad. Up until this point, the city has witnessed a gain in new office spac e supply of 14.94 million square fee t , accounting for a total of 31% of the total supply among the top 7 cities. Bangalore , on the other hand, registered 12.66 million square fee t , which is a 13% decrease from the prior fiscal year. Not only Bangalore , but Hyderabad also surpassed both the NCR (National Capital Region) and MMR (Mumbai Metropolitan Region), which were respectively closed at 8.82 and 4.18 million square feet of new office supply. Also known as the “City of Pearls ”, Hyderab...

Rapid Change in the Office Space

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During the past two years, we have seen a rapid change in the office space. This pandemic has caused drastic changes in office design. These changes have affected not only the structural undersupply of modern, high-quality office space but the overall demand for office space. One of the most important changes has been the rise of remote working. Approximately 10% of workers in developing economies will be working from home at least three to five days a week in the near future. This means property managers must adapt to maximize tenant protection. Another major change in the office space is the rise of the co-working movement. This trend has become popular over the last decade. A coworking office is an office that allows workers to work in various locations. These locations can be open workspaces, dedicated offices, or flexible spaces. These office environments often have high employee counts and may not need additional space. Another change has been the rise of mobile technology. Many...

Why Enterprises are Preferring to Have Office Spaces in Mumbai?

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Formerly known as Bombay, Mumbai is the capital of the Indian State of Maharashtra and is also famously regarded as the Financial Capital of India. To many, the city is the urbs prima of India while others call it as the New York of the East. Along with Delhi, the financial capital of India is ranked in the list of the world's most populated cities in 2022 . Mumbai witnessed a significant transformation in the 2003-13 decade in terms of infrastructure , economy, and commercial real estate . Considering the benefits of doing business in the city, many large and medium enterprises are looking for commercial office space in Mumbai desperately.   Mumbai is also famously k nown as the “ City of Dreams/ Mayanagri ”. It is true that Mumbai has emerged as one of the most popular cities for doing business in India. Many large enterprises and SMEs are looking for professional office space in Mumbai to commence or expand their businesses. Certain factors attract entrepreneurs to get offic...