A cluttered workstation? Your performance likely to be affected

21 February 2018

A cluttered workstation? Your performance likely to be affected

  • Economic Times

The world of design is fast evolving and organisations are thoughtfully finding ways to create authenticity in the workplace. The design of workspaces unknowingly inspires people to come to work and is also seen to have a profound impact on their performance and how they behave so jazz up your workplace smartly.

Praveen Rawal, Managing Director of Steelcase, Southeast Asia and India and Amit Ramani, Founder and CEO of Awfis, list some cool tips.

* Biophilic Influences: The wave of digitalization has surrounded Indians with advanced technologies and cutting-edge tools that add to our performance. Spaces that allow more access to natural light, greenery and layers of pattern and texture, lead to stronger connection and rejuvenation at work. Switch from wood to either stone or clay and incorporate designs and fabrics that resemble grass or other natural inspirations. People instinctively step back from foreign and artificial materials.

* Diversity of colours: Different colours have different effects on your mind. Workplace colour is often associated with the look instead of how it makes one feel. Nobody enjoys working in an atmosphere that is gloomy and dull, therefore the colour of your office walls play a key role in defining workplace behaviour.

If yellow induces a sense of optimism, blue proves to enhance the productivity of employees. High saturation colours are much more stimulating than the low ones. Having said that, in a working environment, using too much of one colour can make you feel off-balance.

Click here to read more: https://economictimes.indiatimes.com/magazines/panache/do-you-like-your-office-heres-how-to-make-jazz-up-your-workplace-smartly/articleshow/62711042.cms

 

Awfis opens its largest centre in Bengaluru

24 May 2019

Awfis opens its largest centre in Bengaluru

  • Posted by Awfis Editorial

Awfis Space Solutions operates its second largest centre, spread over 50,000 sq feet, in Pune, which is the biggest market for the company with 7,000 seats across 12 centres.

BENGALURU: India’s largest home-grown co-working space provider Awfis Space Solutions has opened its largest centre in the country in Bengaluru which is spread over 63,000 square feet and can house 1,050 workstations.

The company has 20 centres in southern India, including Hyderabad and Bengaluru, totalling 10,000 seats.

“Bengaluru is a big market and this is our fourth centre in a CBD (central business district) and 11th in Bengaluru,” said Sumit Lakhani, Chief Marketing Officer, Awfis Space Solutions

The centre is already 80% occupied as a result of pre-launch sale of its seats to clients such as Reliance Communications, Frontizo Business Services, Equal Experts and The Math Company.

Awfis Space Solutions operates its second largest centre, spread over 50,000 sq feet, in Pune, which is the biggest market for the company with 7,000 seats across 12 centres.

“We have a network of 63 centres and 30,000-plus seats spread across 10 cities and aim to double capacity to 60,000 seats in the next 12 months,” said Lakhani.

The Mumbai-headquartered firm saw its revenue jump nearly threefold year-on-year in 2018-19 to Rs 158 crore from Rs 56 crore. It expects an exit annual revenue run rate of Rs 400 crore by March 2020. “The company is already profitable since October 2018 at company level,” said Lakhani.

The company recently raised $20 million in series C funding from its existing investors – global venture capital firm Sequoia Capital, The Three Sisters: Institutional Office (TTS:IO) led by Radha Kapoor and Temasek Group company InnoVen Capital – to support its growth plan.

Earlier, the firm had raised $31 million through two rounds from TTS:IO and founder Amit Ramani. In its maiden exposure to the company, the California-based Sequoia Capital invested $20 million.

Flexible workspaces account for about a fifth of office leasing in India. The emergence of space uptake in co-working affirms that corporates are aligned to a mixed portfolio strategy of fixed and flexible space. Total gross leasing volume in India touched almost 13 million sq feet during the first quarter of 2019, which was 1.45 times higher than the year-ago figure, showed data from Cushman & Wakefield India.

Visit the below link to read the article: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/awfis-opens-its-largest-centre-in-bengaluru/articleshow/69464280.cms

Awfis picks up 3 lakh sq ft on lease across 5 cities

01 February 2019

Awfis picks up 3 lakh sq ft on lease across 5 cities

  • Posted by Awfis Editorial

The company is planning to set up eight new centres across these five cities taking its total portfolio to 63 centres with 30,000 seats across 10 cities.

India’s largest home-grown co-working space provider Awfis Space Solutions has picked up 3 lakh sq ft of office space in Pune, Bangalore, Gurgaon, Noida and Chennai on a long-term lease to continue its aggressive expansion across the country.

The company is planning to set up eight new centres across these five cities taking its total portfolio to 63 centres with 30,000 seats across 10 cities. Total tenure of these leases range between five year and nine years.

The proposed expansion is in line with Awfis’ definite growth strategy of doubling seats every year to reach the 2 lakh seats milestone by 2021. Currently, Awfis is India’s only co-working space provider with a nation-wide network of 63 centres across 10 cities.

“With over 3 lakh square feet of office space added to Awfis portfolio, we continue to move towards our target of reaching 2 lakh seats over the next 3 years. From around 5,800 desks in July 2017, we’ve now reached 30,000 desks in a span of 18 months – strengthening our position as a market leader in the co-working segment,” Amit Ramani, founder & CEO, Awfis, told ET. “We are now extremely excited to witness Awfis’ next phase of expansion which will enable us to hit the 50,000 seats mark this year itself.”

The company recently raised $20 million in series C funding from its existing investors global venture capital firm Sequoia Capital, The Three Sisters: Institutional Office (TTS:IO) led by Radha Kapoor and Temasek Group company InnoVen Capital to support the growth plan.

Before this, the company had raised $31 million through two rounds from TTS:IO and founder Amit Ramani. In its maiden exposure to the company, the California-based Sequoia Capital invested $20 million in the company.

The latest funding will be to support the company’s next phase of growth. Over the last one year, it has already increased the presence to 25,000 seats across 55 centres spread over nearly 1.7 million sq ft. The company’s additional 8 centres will get operational in 45 days taking total space to 2 million sq ft.

Awfis has grown its revenue four times for the year ended March 2018 from March 2017 and expects to clock revenue worth Rs 170 crore in the current financial year.

“Co-working has truly proved to be a game-changer for the commercial real estate sector in India. Awfis’ aggressive growth is a huge testament to the evolution of this segment – not just in Tier I cities but also in Tier II cities. Our flourishing business development strategy and the positive market response to our centres gives us great confidence to keep doubling our capacity every year,” Sumit Lakhani, chief marketing officer, Awfis, told ET.

While several other co-working space providers have resorted to large hubs, Awfis has preferred to spread across more cities and locations with moderate size of centres. The company’s largest co-working hub with 850 seats is in phase II of Hyderabad’s Hi-Tech city.

The demand for co-working spaces or shared offices is gaining momentum across the country and as many as 13 million people, equivalent to the current population of India’s Silicon Valley Bengaluru, are estimated to work out of such facilities by 2020.

Please visit the below links to read the published article:

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/awfis-picks-up-3-lakh-sq-ft-on-lease-across-5-cities/articleshow/67783619.cms

https://realty.economictimes.indiatimes.com/news/commercial/awfis-picks-up-3-lakh-sq-ft-on-lease-across-5-cities/67784770

Awfis opens its 1st centre in Chandigarh; set to expand its footprint by 2X pan India in 2019

24 January 2019

Awfis opens its 1st centre in Chandigarh; set to expand its footprint by 2X pan India in 2019

  • Posted by Awfis Editorial

India’s largest shared workspace provider, Awfis has launched its first co-working space in Chandigarh, Mohali region. The co-working facility is spread across 15,000 square feet and is capable of seating over 300 customers and eyes to expand further in the region in the next 10-12 months.

“Coworking became a global phenomenon in 2010, but it’s only in the past 3 years that the demand for shared workspaces in India has seen unprecedented growth. Tier 2 markets are projected to grow to 8.5 mn seats by 2020 owing to the steady growth of entrepreneurial spirit in these cities, thereby, creating the demand for affordable Grade A coworking spaces,” Amit Ramani, Founder & CEO, Awfis said.

Besides Chandigarh, Awfis also aims to expand to other Tier 2 cities such as Ahmedabad, Jaipur, Kochi, Indore, and Bhubaneshwar and aims to establish 100+ centres with 50,000+ seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Pune and Zirakpur in the next 12 months.

“Tier 2 cities are geared to lead the next wave of economic growth of India in the coming years and are providing a favourable environment for start-ups, SMEs & large corporates to either set up their base or expand their footprints,” Sumit Lakhani, Chief Marketing Officer, Awfis said.

Backed by marquee investors like Sequoia Capital, TTS:IO and InnoVen Capital, Awfis currently has a nationwide network of 55 centres with over 25,000 seats across 9 cities and 45 micro markets.

Visit the below link to read the published article: https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/awfis-opens-its-1st-centre-in-chandigarh-set-to-expand-its-footprint-by-2x-pan-india-in-2019/articleshow/67656839.cms

This article was also covered in print editions of the below publications:

Aaj Samaj, 24th January 2019
The Pioneer, 24th January 2019
The Tribune, 24th January 2019
Rozana Spokesman, 24th January 2019
Yug Marg, 24th January 2019
Jag Marg, 24th January 2019
Divya Himachal, 24th January 2019
Amar Ujala, 24th January 2019
Aapka Faisla, 24th January 2019
Desh Pyaar, 24th January 2019
Daily Pehredar, 24th January 2019