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Companies in Bengaluru favour flexi spaces

Companies in Bengaluru favour flexi spaces
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Updated:
Friendlier lease agreements and reduced spend make this growing market highly attractive
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Friendlier lease agreements and reduced spend make this growing market highly attractive
In November last year, payment service company Exceleron Software gave up its office of eight years in a commercial building at J.P. Nagar by just letting the lease agreement die a natural death. It now calls a smaller space its office, having signed a lower flexible lease term with ClayWorks, a flexible workspace provider.
Pradnya Chebi, Head, Exceleron, points out that this way, the company has made sure it does not pay for a space that would lie painfully underutilised. The company s 30-plus staff has not set foot in the office since the pandemic, and would likely continue working from home for a few more months. ....

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A Look At Investment Options In Real Estate In 2021

A look at investment options in real estate in 2021
The COVID-19 pandemic has changed long-held views on real estate. Besides residential and pure commercial real estate, investors can explore options such as warehousing, co-working spaces and even data centres in 2021.
The COVID-19 pandemic threw life out of gear in 2020 and the real estate sector continues to grapple with it. It also left a mark on the workplace, flexible or otherwise. Both the workforce and workspace underwent a change with the work-from-home option bringing about a paradigm shift. Commercial real estate occupiers treaded through some very uncertain times and the pandemic-led anxiety prompted lease renegotiations, rent waiver requests and rent deferment discussions early on during the crisis. ....

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