The Economic slowdown has led to business innovation as a race to cut costs takes companies to new ideas. Once such innovation getting popular in India is serviced office space. Avanta, Serve Corp and Mahindra Lifespace Corporate Centre are some of the companies in the business of serviced office space in India. A ready-to-use office does not require heavy investment compared with the conventional leased office space, nor does it involve any lengthy legal procedures. Though in a downturn many would like to cut infrastructure costs and move into serviced offices, there are those who think serviced offices may not necessarily mean cost-cutting for everyone. Express Estates gets you through the issue by bringing you a debate on is there an ample market for serviced office space in India? And What are the advantages and disadvantages of serviced office space? Sean Morgan, MD, Avanta India and Middle East, argues that serviced office spaces are the future for Indian companies. His company has recently launched in India with its first office in Connaught Place in New Delhi and plans to open two more offices in Mumbai this financial year. Globally, the company manages over 640,000 sq ft of office space across sixteen locations. But Dr Devinder Gupta, CMD of Century 21 India, who runs the Indian operations of the international property consulting firm, is not quite convinced about the usefulness of serviced office spaces.

FOR THE MOTION

Sean Morgan MD,

Avanta India and Middle East

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