The Evolving Landscape of Workspaces in India

Major commercial real estate players like the best real estate inventors in India, well known builders are making to rapidly re-strategize their workspaces and commercial buildings to meet the quickly altering consumer demand of the real estate sector in India, particularly commercial real estate. The unparalleled scale and impact of the novel coronavirus pandemic have forced drastic reorganization of modern-day work life. More than 60% of the organizations have preached that they would increase their expenses on virtual collaboration tools that are far more wide-ranging and intuitive. Remote working has changed employees' expectations of work as well as their significance. Nowadays, everyone requirements to work from their favourite location, and at their own pace.

The Hybrid Model is the workplace of the future, according to Anarock's most recent report, "Workplaces of the Future." According to estimates, India's real estate market would grow at a 15% CAGR over the next five years, more than doubling in size. The paper goes on to say that the most promising industries for the hybrid work paradigm would be IT-ITes, e-commerce, and professional services. The cost-benefit analysis highlighted in the paper also reveals that 53% of employees prefer working in a "Hybrid" environment, while 34% prefer working from their office, and 13% prefer to continue working from home. Approximately 68% of businesses claim that remote work increases employee happiness. Due to the expense, it is also their favoured choice.

The Covid 19 pandemic has given rise to the work-from-anywhere philosophy. Companies are most often headquartered in lively cities. Not needing to go to the office for work, many employees favoured to leave their office in Mumbai and other cities they were based in and enthused back to their hometowns. Businesses as a result have had to familiarize their work culture. A review of company leaders directed by Godrej Interio found that over 65 per cent of companies were seeing incorporating supple work to a much greater scope into their company cultures. More than half deliberate to embrace hybrid work.

This, however, does not mean the time of office and commercial real estate has ended. But the business properties or the profitable real estate as we knew before the pandemic, will surely change. To begin with, companies’ acceptance of the work-from-anywhere culture are likely to set up smaller satellite offices. firstly, this may seem to be an important financial investment but in the long run, it will result in greater savings as they can measure down the size of their headquarters and major commercial buildings in cities. These satellite offices will feature particular furniture to simplify safe and healthy association and working. They will also get smarter with the digitization of telecommunication.

The year 2022-23 will see a complete transformation of offices for sale and other commercial real estate into smart and lively workplaces that incorporate the latest technologies to permit a better and more satisfying employee work experience. Future commercial buildings and workspaces will need quickness and resilience; therefore, technology will permit organizations to flawlessly work with disseminated teams while upholding company culture.

Improved Focus on Employee Wellness Most corporates and business enterprises have either introduced or ramped up their well-being programs to help employees cope with the pressures of the pandemic. Going a step further, companies have started scheming their offices, business premises and other commercial real estate in a way that improves employee well-being.

Commercial premises and workplaces of the future will be all about the physical, mental, and emotional well-being of the employees, higher productivity, and improved levels of employee satisfaction. The commercial offices, business buildings and other commercial real estate of the future will include a green eco-friendly environment and biophilia apart from ergonomic furniture, lighting, and décor. There will also be different relaxation zones for quick breaks to reduce stress and anxiety at work.

Today the workforce imagines a culture that is expanded and inclusive. A healthy work culture becomes imperative to entice, involve and retain talent. Flexible workspaces offer their members the benefit of networking and cooperating. Best business ideas happen over a discussion, when one feels enthused in a beautiful workspace and where ideas move freely. Additionally, the benefit that stretchy workspaces and business buildings offer is an increasing talent pool, enabling businesses to hire from anywhere and hold talent successfully.

With work moving to home over the last couple of years, women are discovering themselves walking the tightrope between their familial and professional promises. Some women have had to make the problematic choice of leaving their jobs or taking a career break. But supple workspaces will restore a sense of routine, and equilibrium, as well as deliver a safe, personal space for many working women. To endure supporting women in the workplace, options like working near home, or working from anywhere may ease their burden and restore limitations.

The pandemic has quicker changed to the scope that our lives will never be the same again. They may have already altered for the better, forever. This is surely true of offices, their work culture and workspace evolution that have begun hitting the interests and safety of employees first. The commercial sites and workspaces of the future and the stretchy work culture will provide organizations with a favourable environment to stay focused on what's significant for their business-the well-being of employees, the health and affluence of the business, and a flourishing and vibrant company culture.

Intended with the best entrepreneurial facilities, Infinity IT Park, at Malad East is a high-performance profitable building for a robust workforce. Located in the heart of the Mumbai-Western Suburb, the best real estate developers in India, developers in Thane have imparted the best practices in design, technology, progressive safety systems, and sustainability at the core of these future-ready office spaces. A plethora of hi-tech IT Park amenities and state-of-the-art facilities as well as continuous 24×7 operations coupled with future-ready infrastructure and excellent shuttling facilities makes Infinity IT Park, the best choice among future-ready office places in Mumbai.