Awfis leases 85,000 sq ft space in Noida, Real Estate News, ET RealEstate

10 May 2022

Awfis leases 85,000 sq ft space in Noida, Real Estate News, ET RealEstate

  • Economic Times

Currently Awfis has 11 co-working centres in the Delhi-NCR region and the company plans to open 10-15 more centres in the market by the end of 2022.

Awfis, a flexible workspace provider, has leades 85,000 sq ft space in River Side Tower, sector- 125, Noida. The centre will have over 1500 seats and is expected to go live by end of March 2022, the company said in a media release.

Currently Awfis has 11 co-working centres in the Delhi-NCR region and the company plans to open 10-15 more centres in the market by the end of 2022.

Amit Ramani, CEO & Co-Founder of the company said, “We are delighted to partner with River Side Tower to open this new ’workspace in Noida.The sharp recovery and the growing demand for flex workspaces from this region inspired us to continue to create garde-A flex workspaces, so as to facilitate businesses of all size in the market. We are confident that this trend will continue to grow and even the most traditional companies will see merit in setting up hub and spoke offices to help people work in close proximity to their homes allowing them to spend lesser time in commuting.”

The company claims to have launched over 50 centres with 30,000 seats and entered three new markets in the past 15 months.

Awfis plans to open 200 centres across the country by the end of 2022. It currently has 121 centres with 70,000 seats across 14 cities.

This story appeared in the 9 February, 2022 issue of MSRealty and was originally published  at: Awfis leases 85,000 sq ft space in Noida – ET Realty

 

Awfis added 1,500 seats in Noida, leases 85,000 sq ft.

10 May 2022

Awfis added 1,500 seats in Noida, leases 85,000 sq ft.

  • Posted by Rashika Chandorkar

Home-grown flex workspace provider has added over 1,500 seats at a coworking centre in River Side Tower, sector 125, Noida. The new centre, which will go live by end of March 2022, is part of Awfis’ vision of opening 200 centres across the country by the end of 2022.

The centre is spread in 85,000 sq ft area. The flex space adopts a digital-first approach and is equipped with plush and modern amenities whilst maintaining social distancing norms, as mandated.

“We are delighted to partner with River Side Tower to open this new workspace in Noida, which is rapidly emerging as one of India’s leading business hubs for large-scale companies and startups alike,” said Amit Ramani, CEO & Founder.

“In fact, the sharp recovery and the growing demand for flex workspaces from this region inspired us to continue to create grade-A flex workspaces, so as to facilitate businesses of all sizes in the market. We are confident that this trend will continue to grow and even the most traditional companies will see merit in setting up hub & spoke offices to help people work in close proximity to their homes allowing them to spend lesser time in commuting,” he added.

Currently, Awfis has 11 coworking centres in the Delhi-NCR region and the company plans to open 10-15 more centres in the market the by end of 2022.

At the back of strong demand for flex workspaces, Awfis launched 50+ centres with 30,000 seats and entered 3 new markets in the past 15 months. The company currently has 121 centres with 70,000 seats across 14 cities and will continue to strengthen its foothold across India to establish a network of 200 centres in 2022.

Firms in co-working space expanding to tier 1 & 2 cities

10 May 2022

Firms in co-working space expanding to tier 1 & 2 cities

  • Posted by Awfis Editorial

Co-working operators are expandinginto tier-1 and tier-2 cities, driven by the adoption of the hub-and-spoke model by organisations, reverse migration of employees to their hometowns, affordable office rental costs, a growing startup ecosystem and the availability of talent, said industry executives. Large companies are now asking for multi-city space from co-working companies. “We have closed multi-city deals with our existing large enterprise clients in IT/ITeS, BFSI (banking, financial services and insurance), especially in markets like Pune, Noida, Hyderabad, and Bengaluru,” said Harsh Binani, Co-Founder, Smartworks.

In the past six months, demand for tech-enabled managed workspaces has grown threefold, according to industry experts. “With Covid-19 subsiding, we have been observing a substantial increase in the number of queries for our office as an outsourced service. Corporates are determined to lease and divest their office spaces to avoid unwanted longterm commitments and capital expenditures, “said Ankit Jain, Director, Skootr. The company plans rapid expansion in Bengaluru, Mumbai, Pune and Noida in 2022 to cater to the growing demand for offices.

Corporate occupiers are looking for portfolio re-optimisation and focusing on the concept of managed office spaces. “We have sold 6x more seats in the last three months than what we used to sell pre-Covid, with a huge chunk under our demand-led supply model for mid-to-large-sized corporates across tier-1 and 2 cities. We are working towards further expanding our base pan-India with 200 centres by the end of 2022,” said Amit Ramani, Founder & CEO, Awfis.

Half of a large co-working operator’s demand now comes from large occupiers who want satellite offices under the hub-and-spoke model. “For all practical reasons, co-working spaces are the most preferred option for companies to satisfy this demand,” said Nikhil Madan, co-founder, The Office Pass.

According to international property consultant Savills India, about 23% of the leasing in the first two months was for flex and serviced offices. “The first two months of the year have been where we are seeing a shift toward flexible and serviced office solutions. Also, tech demand is likely to pick up with a very strong return to office sentiment,” said Shweta Sawhney, Managing Director, Delhi-NCR, Savills India.

This story appeared in the 23 March, 2022 issue of BrickAcres and was originally published  at : Firms in co-working space expanding to tier 1 & 2 cities- The Economic Times

How to bring employees from bed to offices? Workplace design revamps may be the answer!

07 May 2022

How to bring employees from bed to offices? Workplace design revamps may be the answer!

  • Posted by Awfis Editorial

In a recent case study, it was found that redesigning an office space and making it healthier reduced absenteeism by 50 per cent and staff turnover by 27 per cent from what they were in the previous year.

Working in pyjamas on a bed, with a Cappuccino, has been the modus operandi for remote workers. But here comes 2022. Now, students aren’t alone in dreading when mentors share a message, “Let’s get back to our Karmabhoomi!”

Well, it would not be surprising if companies may witness success in calling employees back to the office, initially. But what about retaining them? Because priorities have changed.

In a recent case study from the International WELL Building Institute, it was found that redesigning an office space and making it healthier reduced absenteeism by 50 per cent and staff turnover by 27 per cent from what they were in the previous year.

And it is not just the pandemic. In a report, titled, ‘What workers want: Europe 2019’, 30 per cent of workers in open-plan offices said their workplace layout harms their productivity, while only 11 per cent of workers in private offices said the same thing.

So, the whistle is blown!

The change

Workplace strategy, design and delivery company Unispace, in a survey, found that 95 per cent of the employees are willing to make physical improvements to their office spaces. And a lot of this reshaping or redesigning their office spaces is done keeping in mind greater flexibility, socializing, collaboration etc.

“What we are seeing globally and not just in India, is that there is an increased focus on creating recreational or collaboration spaces in the office. Many companies are doing away with traditional cubicles or fixed spaces,” Abi Roni Mattom , Country Director- India, Unispace, said.

Also, he reveals that the concept of mother rooms is being introduced to working mothers. Further, “now employee surveys to understand their mindset, visioning workshops are becoming more and more popular before redesigning any office,” Mattom added.

Similarly, Harsh Lambah, Country Manager- India and VP (Sales)- South Asia of workspace network IWG, highlighted that companies are no longer looking for a sear of desks; in response to the pandemic, they are reducing their overall office footprint but improving the quality of workspaces they offer.

Something similar happened at Salesforce where only 30 per cent of desks are being used on an average- increasing its social space from 40 per cent to 60 per cent, to meet the “new needs” of the employees.

“Shying away from long daily commutes to company HQs, many were inspired to rethink their priorities. This led to them demanding more flexibility, empathy and trust from employers- and they were prepared to vote with their feet if disappointed,” Lambah said.

Relation of worksplace design to employee retention

Agreed that priorities have changed but some questions that are still left to ponder over would be- Will redesigning the offices really help companies cub the most volatile phenomenon of the industry- attrition? How are these two related? And what would HR people say?

In a 2021 study, global water filtration and dispenser brand Brita Vivreau rvealed 79 per cent of office workers stating that a well-designed office would motivate them to accept a job.

As Covid-19 enters its 3rd year, Mohita Uchil, Head of HRMS company uKnwva, feels employers are forced to rethink the purpose of the workplace to help employees do more, feel better and stay longer with the organization.

“The office shouldn’t just be a place to take care of some ‘to-do-list’, rather it should be a place for creativity, collaboration and learning, where employees feel nurtured and a part of the organization,” she said.

After the pandemic, Uchil pointed out that employees are expecting their companies to take care of their not just professional but overall wellbeing. “Employees want to work in a company with flexible working hours, play zones, a cafeteria, a touchless attendance system, no cubie system, open meeting areas, etc,” she said.

Reiterating the same, RP Yadav, Chairman and MD of HR consulting firm Genius Consultants, said every employee joins a company with aspirations of career growth and compensation. And he feels these are the basic requirements of every employee, and they do not come in isolation.

“Yes, a certain employee will sometimes prioritise a stimulating environment over compensation packages,” he said.

No more cubicles, please!

Since the relationship between workplace design and employee retention exists, the question arises: How can companies align their priorities to the physical workplaces?

We saw some innovative approaches. Seoul-based Hana Bank caters to various modes of working, including the kind of heads-down individual work that happens at a desk, flexible seating for when people need a break from their desks, collaborative spaces that encourage focused team interaction, and lounges for socialising, as per HBR.

Moving to more India-centric companies, we saw an interesting trend: Phasing out of cubicles!

According to Sulbha Kaushal Rai, the Chief People Officer of insurance company RenewBuy, eliminating cubicles has helped in removing the hierarchy method and everyone takes equal ownership of the work they do.

Rai further said, “We also focus on creating a fun and exciting workplace, so that people are comfortable, get stimulated mentally, and at the same time, work in a relaxed environment.”

Agreeing, Sakshee Katiyal, CEO of real estate developer Home & Soul, said many organizations have given up on the cubicle culture and made office spaces more open so that employees can interact with each other without thinking of a hierarchical structure.

Collaborative workspaces

With more floor space, meeting pods, lounge areas etc, D2C e-commerce platform Shoptimize wants to build an atmosphere that is vibrant and encourages ideation, collaboration, kinship and team spirit.

Its employees look forward to the annual “Sports Fiesta” covering many outdoor sports, including football, cricket and badminton. But now the company wants to have an indoor recreation space where people can unwind and have fun with games like foosball, table tennis, carrom and chess.

“We want to make our office a ‘cool’ place where people will like to hang out, have a positive work experience and be able to balance work, fun and their personal lives,” Mangesh Panditrao, Co-Founder & CEO, Shoptimize, said.

With an increased focus on hygiene and safety, Sumit Lakhani, CSMO of working spaces network Awfis propounded that “modern office” spaces are integrating technology from entry to exit points with automated attendance scanners, touchless doors, soap dispensers, digitalized ventilators, etc.

Bringing in Panditrao’s point, Lakhani said, “Modern office spaces encompass both functional and decorative emenents, inclusive of indoor-outdoor spaces with break rooms and cafes to let employees engage with colleagues beyond work.”

To create an environment with a character that fosters motivation, uKnowva has added posters and artwork throughout different areas of the workspace. Uchil said that as colours are connected to emotions, the company has wisely used different colours throughout the space and applied them according to the atmosphere it is trying to create.

Locations too are important

For Asif Upadhye, Director of work culture company Never Grow Up, it may be hard to see a direct correlation between workplace design and employee retention, at first, but he said, “Being an employee at an innovative office space that offers a mix of work, play and comfort can make one stay for longer.”

However, he mentioned it’s not just the interior appearance, but office location is also an important determinant for employees.

“Till before the pandemic, prime office spaces in major urban centres were highly coveted locations. Lately, the scenario has changed with many employees working out of their homes from small cities spread across the country,” he said.”

According to Upadhye, offices that have understood this reality and those that can set up remote offices geographically can now reap the benefits of hiring talent from Tier-2 and Tier-3 cities.

So, “reimagining workspaces to solve attrition is not a shot in the dark. In fact, it can be a promising mechanism,” he said.

Diversity taking centre stage

The move to redesign offices is not about changing aesthetics, but about a culture shift, believes Jang Bahadur Singh, Senior Consultant- Human Capital Solutions, Aon.

He thinks of a culture that is more inclusive and accommodates different work models. Nevertheless, Singh highlighted that DEI has taken a centre stage. He revealed employers have been looking at accessibility in offices for employees with young children, employees with disabilities, etc.

Katiyal of Home & Soul too mentioned that babysitting rooms are an increasingly ongoing trend amongst companies. “The top management now understands the nuances of parenthood along with professionalism,” she said.

“Having said that. This trend in India is again driven largely by the e-commerce and technology sectors,” Singh said. However, Aon did not see more traditional set-ups modifying their office spaces- apart from corporate- in a similar fashion.

This story appeared in the 6 April, 2022 issue of Economic Times HR World and was originally published  at : How to bring employees from bed to offices? Workplace design revamps may be the answer!- ET HR World