Category: BRH blog

BRH blog
BRH blog

The Reality of Realty in 2022

The Reality of Realty in 2022

The positive sign after the pandemic is that there is now only scope for improvement. The two years gone by have been a downward trend in many sectors, mainly real estate. The decline in the market will now be backed by a surge in demand. There has been a lot of pent-up demand over these years that is beginning to materialise now for realty in 2022. 

A healthy economic outlook is also helping the real estate market. According to projections by the IBEF Real Estate Industry report, the Indian economy is expected to grow between 8 and 9%, leading to a rise in demand for bigger and bigger homes. As demands increase, prices will naturally go up.

According to Knight Frank’s report titled ‘Real Estate Outlook 2022‘, India’s real estate sector looks set to grow at a healthy pace in 2022.

 

2022 – A Significant Year For Real Estate

In India, residential real estate is expected to grow vastly by end of 2022. The commercial real estate sector is expected to see a positive hike in 2022 as work resumes in offices across India. 

According to Savills’s Poised for Growth: Data Centres in India 2021 report, real estate demand for data centres will potentially increase by 15-18 million sq. ft. by 2025. 

 

The Budget Effect

The Government of India has undertaken a number of initiatives with the hope of incentivising real estate purchases. The new announcement made in the Union Budget 2022-2023 has made a huge difference in the atmosphere in the real estate sector.

 

The Rise In Data Centres

With a huge focus on digitalisation in the Budget, there is an increase in the need for data centres due to the fast-growing increase in data usage. These efforts from the government have seen a rise in demand for commercial spaces for a ‘Digital India’. 

The data centre sub-sector has seen increased demand, as a result of the shift towards home and remote working. The growth in data centres has been driven by the changes brought in by the benefits that cloud services can provide and initiatives to provide secure and robust IT environments.

 

Ownership Vs Rentals

Deloitte’s Reality of realty in the post-COVID-19 world – An India survey report of November 2021, “26% of respondents reported renting, while 74% of respondents owned or purchased their own home”. This mindset has led to an increase in the buyer’s market and enhanced consumer trust. 

 

From Working to Co-working

COVID-19 has pushed remote working as the new standard of working life, so co-working spaces have gained new importance among those who do not feel comfortable working from home or need to collaborate physically. Despite meeting all the requirements of a traditional office, co-working spaces are a good alternative to traditional office spaces. They create a collaborative environment for professionals to work and ideate with like-minded people. 

As a result of lower operational costs, entrepreneurs, freelancers, and several small and large organisations are adopting flexible co-working spaces. Given the current economic uncertainty, co-working spaces are also a possible solution for companies opting to wait and watch rather than commit large sums of money to set up new facilities. Co-working spaces witnessed a short-term setback owing to health and safety concerns; they are expected to witness a strong bounce back. 

There has now a huge demand for technology-enabled facilities that facilitate contact-less attendance, automated doors, taps, and sanitisation rooms. 

 

Real Estate at Tier 2 & 3 Cities

New trends in real estate are constantly shaping up the sector as demand continues to rise across segments and locations. For example, reverse migration, learning from home and flexible work options have opened the gates for Tier 2 and 3 cities to increase commercial investments. In addition, young professionals and millennials are now investing a significant amount of money in real estate in Tier 2 & 3 cities for opulent living, work-life balance, well-being, and future security.

Tech companies have become location-agnostic to help their workforces, thus leading to heightened commercial investments in satellite and regional offices. Such cities act as industrial corridors and potential hotbeds for the economy’s future growth.

With the real estate sector showing promised returns in 2022, organisations have dived head-on with their investment plans. As a result, the demand for workspaces and offices has seen an increase. We at Mikro Grafeio set up workplace environments for teams and coworking spaces across India. Our process-ready workspace solutions help businesses to move into a design inspired, performance-ready office anywhere in India. 

Looking to set up your own office? Visit Mikro Grafeio to learn more about our top workspace and value-added solutions. 

BRH blog
BRH blog

Working from a Workation spot this summer? Here’s what you need to know

Working from a Workation spot this summer? Here’s what you need to know

Worldwide change in work culture, work location doesn’t matter anymore as long as work seems to be getting done. Companies have adapted to this pandemic’s changes and the workforce. With travel borders open again, the need to break free is high among millennials! 

Hotels and vacation homes have increased facilities to facilitate work. The concept of a workation has caught on and made its way into everyday vocabulary. With hybrid working opening up avenues across organisations, anyone can work from anywhere with a stable internet connection. 

Workations are the new hashtag, and tourist countries have opened up coworking spaces and cafes to facilitate this trend. This is the right choice to stretch and have fun after the pandemic. So what do we need to be ready for?

 

Choose the Right City

The first step would be to choose the right location to work out of and vacation in. The place should be able to offer everything one would need work-wise. A comfortable workstation within the room or the facility to attend meetings would be something to ensure before planning a workation. The bare necessities with power and a good internet connection would be a high priority. 

With holiday opportunities in service apartments and homestays, it is necessary to find a good grocery store or supermarket to keep the everyday essentials available close by. 

 

Length Of Workation

Planning the length of your workation will help decide various other aspects. Budgeting for travel and stay and work deliverables within that period has to be pre-planned. 

 

Coworking Spaces

It is best to find a good coworking space to work from near your workation stay as an additional backup. Coworking spaces bring out the best in work. These spaces help concentrate and boost productivity compared to a vacation spot. While on a workation, it is easy to get distracted by the lack of a structure. Coworking spaces provide that focus required to work in peace. 

 

Time Zone

Work deliverables usually fall into a time frame. Therefore, before planning a workation, it is essential to consider the time zone differences between the deadlines and the workation spot chosen. 

 

The Ability to Compartmentalise

Being in a new setting with work deadlines needs a strong sense of compartmentalisation. A workation spot can be distracting as is. Therefore, it is essential to allot work the time it needs. 

 

The Employee Trust Factor

For an organisation, accepting the workation trend for their employees and encouraging it boosts their morale and mutual trust. It automatically enhances employee performance.

With workations becoming frequent, organisations need to chalk up some rules for their employees and reporting structures. E.g.,

  • Communication daily 
  • Reporting on each work deliverable 
  • Must report meetings from a distraction-free environment
  • Formal attire for business meetings
  • Being available for subordinates at a particular time of the business day
  • Keeping the team informed about the whereabouts 

Why A Workation May Be Necessary 

Sometimes, one needs to disconnect. A workation helps escape stressful commutes and the confines of a city office without sacrificing productivity. The office can be distracting and monotonous after a while. A workation might be the perfect opportunity to unplug and unwind while getting work done in a different setting. 

 

Getting Things Done While On Workation

Carrying work along with is one of the best ways to get things done. Freelancers have a tendency to be able to assign their jobs according to their timeline. It comes with the territory that they carry work with them wherever they go and the ability to work from anywhere. Workations come with a sense of responsibility to complete work. 

Workation may be the best choice for you if you feel like you need a change of scenery and would like to bring your work with you. Make sure you do your homework up front and find the right place to visit while here. Organising everything in advance and planning your workation will ensure you receive the best and most enjoyable experience possible.

Companies like BeRightHere.com offer WOHO (Work from Hotel) options. They give users multiple choices of hotels that provide all the necessary facilities required to work while on vacation. In addition, these hotels come with other amenities like pools, gyms and restaurants that do not take away the relaxation required. 

BeRightHere.com provides solutions that cater to businesses of all sizes with robust, secure workspaces across 300+ locations in India to help stay productive anytime, anywhere. Visit our website for more information on the top coworking spaces in India. 

BRH blog
BRH blog

Workspaces with Stimulating Design Encourage Higher Productivity – Here’s How

Workspaces with Stimulating Design Encourage Higher Productivity – Here’s How

Office layout design is all about creating a work environment that facilitates creative productivity and purposeful work while allowing flexibility, customisation, and personalisation. It is essentially about inspiring everyone to bring out their best in your space. 

Design-led offices significantly outperform productivity-wise with an inspired set of employees. Therefore, it is essential that the design needs to be in tune with the needs of the employees and depict that the enterprise values its employees and helps them achieve results to their best capacity. 

Creating a workspace that is both useful and enjoyable for all types of businesses and employees is the key to achieving higher productivity within an organisation. Why do design-led spaces perform better? Why do organisations that concentrate on employee satisfaction lead the way? Let’s find out. 

 

The Idea of Design and Productivity

With the culture of work changing forever, the idea of office design is a forward-thinking goal. With work trends that keep evolving constantly, the topic of what office design should look like now and in the future is important. Employee output is impacted by seating arrangements, ergonomics, infrastructure, use of colours and artwork. The various stimulating factors within a workspace affect productivity in their own ingenious ways. Let’s read on to understand a few factors that affect office design. 

 

Collaboration In Flexible Workspaces

Every job profile comes with its own creative aspect. Spaces that lead to creative thinking and collaboration have spaces where teams or employees can get together to ideate, brainstorm or collaborate. These workspaces are designed to promote a comfortable work ethic without focusing on hierarchy so that employees can ease out of their hierarchical mindsets. When creative minds share ideas with each other, it brings out remarkable results for both company and client expectations. 

 

Separate Areas for Collaboration and Silent, Independent Work

Ideation booths and work corners are set up to encourage silent and independent work. These corners help employees work without interruptions and promote independent thinking. It is a common inspiration practice to leave around notepads, pencils, post-its, and idea walls placed in offices to encourage employees to be proactive about their ideas. The saying ‘you never know when inspiration strikes’ comes to light here. 

 

Stimulating Use Of colours In Workspaces

It is a given that colours do help the creative thinking process. Moods and brain activity are affected by the colours around us. Colours evoke both a physical and emotional response. 

From nurseries to schools to workplaces, colours are used for kindling happy thoughts and de-stress. Moreover, companies like Google, Yahoo, Apple etc., use colours in their office design to keep the workplace lively and fresh. Therefore, it is essential to choose the right colours for your workspaces to help employees achieve high productivity.

 

Striking a Balance of Indoors and Outdoors

As a species, we humans are inclined to the outdoors, which is why it is a great practice to fill up office spaces with plants in corners and nooks. It is a surprisingly easy way to enhance workspaces with nature. Plants reduce stress and purify the air, and some plants are proven to reduce noise levels. 

Lighting is one of the more important factors that influence workspaces and productivity. Natural lighting helps employees to concentrate and creates a sense of having the outdoors inside. Natural light reduces the strain caused by drowsiness and headaches. 

 

Breakout Zones To Unwind

The strategically placed coffee machines in offices serve the purpose of energising employees. These corners are often the places where employee interaction increases and workplace ideas are shared. Breakout rooms, indoor games, activity areas, and sports centres are areas that hugely contribute to employee wellness and health but also serve as areas of ideation and encourage competition. Increased employee mental wellness increases productivity. 

 

Ergonomics

Ergonomics is critical in offices today. Companies are moving from cubicles to more open, dynamic areas with ergonomic furniture. A poorly designed workstation can often lead to health issues and posture problems. Adopting furniture and design that suit your workstation and enhance employee health and mindset is vital in boosting workforce productivity. Gym balls to sit on at work help straighten the backbone and reside posture-related issues. This simple addition adds colour to the office too!

Organisations have started installing in-house gyms, sports centres, rock-climbing walls etc., to help employees have access at work. Additionally, these perks motivate them to spend more time at the office, thus leading to higher productivity. 

 

Office Designs That encourage Movement

Workplaces that give employees the option of movement stimulate ideation. Compared to sitting at a desk the whole day, as creatures of habit, it gets healthier when there are options to move around and work from different spaces. Therefore, it’s vital to have different kinds of spaces like conference rooms, one-on-one rooms, ideation rooms, open spaces etc. When employees get to choose their space of work, they tend to work better, thus increasing productivity. 

 

Transparency

Openness and transparency are prerequisites for any organisation. The age-old tradition of private rooms for senior management depicted hierarchy and unapproachability to junior level employees. Open-floor plans and rooms with glass enclosures depict transparency and a sense of welcoming, which keeps all employees on the same level. Top leaders in organisations choose to be a part of the open floor plan to be as approachable as possible to all their employees. 

Studies have shown that design-led organisations significantly outperform those not design-led over the long term. Discover how your agency can integrate Design Thinking principles to catapult creativity and innovation.

With organisational changes happening across the country, the demand for design-led offices is high. We at Mikro Grafeio set up workplace environments for teams and coworking spaces across India. Our process-ready workspace solutions help businesses to move into a design inspired, performance-ready office anywhere in India. 

Looking to set up your own office? Visit Mikro Grafeio to learn more about our workspace and value-added solutions.