Business Centres in Gurugram: An Unravelling Saga

Business centres in Gurugram

Business centres in Gurugram have traditionally been real estate spaces promoted by the hotel industry or international business centre chains  or developed in house by select real estate developers. These have conventionally been viewed upon as extensions of the traditional office set up. Though billed on a per seat basis, the design, layout and infrastructure is reminiscent of the traditional corporate office with clearly sequestered rooms according to functions. The story had been progressing well with strong demand till the co-working juggernaut emerged as a major industry disruptor.

The co-working phenomenon has compelled the traditional business centre industry to introspect and re-assess its business model. On the surface of things what hits the average Jo is the “cool” quotient of co-working spaces. Looking more like cafes, they provide a vibrant and youthful environment that makes work look like fun. They dovetail well with the global entrepreneurial movement of start-ups, what with a new one spawning almost every day. The image of formal offices with staff in stifling office wear has given way to an air of informality with people in colorful, casual wear defying all established norms of work ethos. The focus is simply on the most important aspect-doing their  jobs, without any of the associated fuss of office work.

It was only a matter of time before this trend hit the market of business centres in Gurugram. Established players like the business centre chains have had to reorganize and regroup. They have amended their pitch to clients by trying to consolidate their position with existing clients and focusing on the value that they have added to their businesses. They have gone out on a limb to attract corporate tenants by offering to lease spaces directly from landlords and manage the day to day operations in response for space pre-commitments.  Co- working operators at their end have been aggressively expanding in and around prime CBD areas in their bid to establish presence and gather eyeballs.

Hence the gauntlet has been thrown, the knives sharpened and the bugle sounded! Regardless of which side survives this duel, one thing remains destined; the consumer, in this case the real estate occupier, is sure to emerge as a winner. For more details about DLF Cybercity, please log on to http://www.dlfcybercity.com/ .

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