office space in bangalore

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Showing posts with label it tech parks. Show all posts
Showing posts with label it tech parks. Show all posts

Wednesday, 16 March 2016

How to Design a Productive Office Space?

World Green Building Council recently concluded that there is overwhelming evidence linking the office space design and productivity of employees. But it’s not a new thing; it’s been there from quite a long time and we all know that productivity level of employees go down when they aren’t comfortable. May it be the atmosphere, temperature or the noise level; the employees need to be relaxed and comfortable to work at their best productive levels.
So, it’s really important to set the office to create the best possible working environment to make the employees more comfortable. There is no straight answer when asked, which is best among closed cubicles and open plan offices. As there are pros and cons associated with both the designs, you just have to think which design suits your business type the best and which design would be comfortable for your employees.
Cubicle vs. Open Plan
Cubicle Offices: Today, closed cubicle has almost become a synonym for ‘office space’ being employed across the major cities in India. It was designed to get the employees out of the old time open plan offices.
In 1960s, a designer called Robert Props proposed an idea of providing independence and autonomy to the employees working in office, and offered a flexible three walled design that can be reshaped to satisfy any need.
It didn’t take too long for businesses to realize that they can cram more people into a smaller space if they use cubicle design at offices. As the result, we can see majority of the office spaces designed with cubicles.
Open Plan Design: It has been the latest trend to have an open environment at office. The logic behind this is that, the employees will be more productive and happier when they work together instead of getting isolated within the walls.
Open plan offices allow employees to interact with each other which make them feel less isolated. The design also allows spontaneous interjections which helps in promoting the creativity.
Also, open plan is potentially helpful for less experienced members or interns as they can interact with the experienced employees easily.
There are lots of employees who think that privacy has been one of the major causes of work dissatisfaction, and they also complain about increased noise levels and distraction. This issue is just because the employees feel that they are being watched and they can’t just get away with their Facebook visits during work hours.
Colour and Lighting
Different colours at office can have different impact on the employees. Green makes the employees think broader and help them come up with creative ideas; Red boosts their energy; Pink gives them a calm effect and White has a modern appeal associated with it. So, while choosing the colours, make sure you consider the psychological effects of the colours.
Next comes the lighting; just check how much natural light the office is receiving and see is there any way to increase it. If you have to get settled in a windowless space, obviously you’ll have to go with artificial lighting. In such case, consider using full-spectrum bulbs which simulate daylight keeping the light soft and warm.
Ultimately it’s you who know the business well, so just look at the size of your company and the roles of employees, and choose a layout that suits the best for your business and employees. If your employees spend a bit more time on their phones, open plan might not work out for you. But if the team looks creative sharing their ideas with each other, open plan can allow your employees interact with ease. The same applies for colour and lighting as well;all that you do is not just for your employees, but also for your own
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Monday, 8 February 2016

2015 – A Favourable Year for Real Estate Industry


The office space absorption in India stood at 35 million square feet in 2015, which is the second highest absorption rate after 2011. While the vacancy in PAN-India stands at 16%, it’s just 8-9% that’s being supplied to the corporate occupiers.


The major cities like Bengaluru, Pune, Chennai and Hyderabad have a vacancy rate for office space is  just 5-10%, and they are prompting the need for fresh supply to meet the growing demands. Though, the land and construction costs are rising each day, rents have not reached a point where developers can get an IRR (Internal Rate of Return) of about 20%. This has been a main reason for developers moving away from commercial projects.
Residential Real Estate
Though the year 2015 didn’t bring up the expected growth in residential real estate, the bad days seems to have vanished. The sales have picked up in a few major cities like Mumbai, Bengaluru and Hyderabad. The initiatives taken by developers like offering attractive schemes and deal terms along with the lowered interest rates seem to have engaged the fence-sitters. The signs look encouraging; so the year 2016 seems to put an end to the difficult journey of the sector.
Retail Real Estate
The year hardly saw major happenings in the retail real estate sector. However, two big trends were noticed.
·         Consolidation of retail real estates by retailers and brands that focussed on the profit making stores closing down the loss causing ones.
·         Entry of institutional investors; this would make the single brand retail companies undertake ecommerce business independently.
More and more mature investors are expected to come and buy built-up real estate spaces in 2016.
Manufacturing and Warehousing
The year did nothing except putting a solid foundation for the manufacturing sector to get going in 2016. Under the Make in India programme, the states can come up with their own strategies, schemes and policies, which would help them in fuelling the industrial growth.  The warehousing sector seem to be reaching an inflection point and it’s sure to take a huge leap forward once the Goods and Service Tax (GST) is rolled out.
The real estate industry is getting matured each day; until 2014, the industry was highly inefficient, fragmented and unregulated. Though 2016 is expected to bring in some positive changes in the industry, the experts still feel that the industry still remains fragmented and moderately inefficient in 2016 as well! Only the growth in Indian economy can bring some favourable reflections in the real estate sector.

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