Smartworks, India’s largest serviced office space provider plans to perpetuate its position by marking a pan India presence. The founder of the company, Neetish Sarda announced the plans to come up with centres in Bangalore, Gurgaon, Delhi, Mumbai, Hyderabad, Pune, Chennai and a few Tier II cities with an area of 750-1000 ft. in each centre. He made the announcement at The Future Workplace Conference, which was held in Pune last Friday.
Until now, Smartworks has been building up its inventory and offerings silently in the market and has strengthened its operational capabilities. Having no major competitors in India, the company is expecting a cost benefit by shifting its focus to the virgin markets in unexplored territories. It currently caters to 5,000 members and operates with the premises of 4,50,000 sq. ft., which has a capacity of more than 6,000 people.
Talking about the future of workspaces, Neetish Sarda shared his opinion by saying, “At present, employees want more freedom and agility in the workspace, which has a significant impact on the overall productivity of the organization. Obviously, facilities and infrastructure have to become astute to support such a working structure. Facility management is glittering up the corporate real estate by transforming common real estate into a saleable product and the employees demand better services – be it excellent internet speed, breakout areas or fully-equipped meeting rooms – everything has to be top-notch and available as and when required.”
To top it all up, smartworks believes that the future workspaces would be a lot more collaborative and community-driven in nature. “The importance of a community environment cannot be undermined. Hence, developers are giving special importance to breakout areas, gaming zones and cafeterias within the office premises, where employees can connect and engage with each other”, said Neetish.
Businesses that operate within the shared and serviced workspaces, like smartworks, can expand to different cities in the country, without worrying about the hassles of coordinating with multiple vendors in different cities. Shared serviced workspaces are surely the ‘next big thing’ in the commercial real estate market and could spread beyond the scale of what merely is referred to as co-working space.