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Workplace provider Regus is looking to add 10 new centres in both metros and tier-1 and -2 cities.
The company currently has 64 centres offering flexible work spaces, popular with new age entrepreneurs and start-ups.
John Wright, CEO, Regus Asia Pacific, told BusinessLine , “Real estate space accounts for a major cost for companies. However, many firms are adopting flexible workspaces to cut cost and also increase productivity. This is where the opportunity lies for us.”
Flexible working space allows companies to get office space equipped with the latest technologies, facilities and services for as little as an hour or months. So instead of working from a hotel room or airport lounges, companies can take office space depending on their requirement.
Wright said that the opportunity in India is set to increase as smart cities and REIT gets more teeth.
He said the business centres could be set up anywhere from airports, malls, community centres and railway stations among others. The centre includes ready-to-use offices, business lounge, meeting space, video communication lounge, and high-speed secure Internet throughout.
Regus business centres are largely spread over 10,000-15,000 sq feet. The company, which has 2,300 members globally, has clients such as Google, Toshiba and GlaxoSmithKline .
Harsh Lambah, Country Head, Regus India, said Delhi-NCR, Bengaluru and Mumbai were promising markets. Lambah said that SME enterprises could get spaces in central business districts for as low as ₹3,000 to over ₹10,000 depending on space.
Regus said currently 70 per cent of its business centres are used by small, medium and large local companies and only 30 per cent by the multinational firms.
According to a recent survey by Regus, an overwhelming 73 per cent of the Indian respondents listed traffic jams and long commutes as a major hindrance to their productivity.
The survey also indicates that Indian organisations are gradually adopting flexible work spaces and work hours as opposed to fixed workplaces and hours in the interests of productivity and growth.
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