thementorgroup, Author at The Mentor Group

How can I Find the Best office Space in Mohali?

Like any location, finding the right spot for your workplace is the key. But choosing it does not come easy. There are a lot of variables that have to take into consideration before even shortlisting a few places. While many have various opinions on the subject, it is up to you to decide what, where, and how your workplace is to be. Because ultimately, it is your location, and choosing what is best for you will eventually become the best center you are looking for. And the same goes for anyone who is looking for commercial office space in Mohali. Before you move into a center, there are few things that one has to know.

Office Space in Mohali For Sale – Build your Business

Office Space in Mohali

Starting a business of your own is no walk in the park as it takes a lot of guts, and the time and money to even sustain in any business. But the fact is that the hard work you put into your business will yield results when things go as planned.

For a plan to be successful, an extremely organized work plan is one of the essential things. Though there are many requirements for a business to execute its plan, the essential will always be an office.

An office acts as the command center and makes sure things are always on track. Be it for a couple of people or for a bus full the spaces is a must-have if you want to reach great heights. So it is always necessary to have the best rooms for your business needs.

What is a commercial project?

Technically every spot that has no residential purpose is what makes it a commercial place. Mohali, a location of enhancing beauty, has its fine share of the commercial areas to satisfy all your office needs.

Where to buy commercial space in Mohali?

Choosing the right location for all your needs is the key to anything. One needs to consider all the aspects like the place, business type, availability, and much more. A random commercial room will only make you less notable and cause the business to go down the slope. So it is only right you search for a good spot for your company’s needs and fit in your budget.

Is the central street commercial project in Mohali?

Whether you are looking to rent a commercial area or looking for an office space for sale in Mohali, it has you covered. Central Street or sector 67 is a prime commercial space in Mohali, making it the best for any business in the city.

Is it RERA approved?

An area larger than 500 square feet or has more than eight apartments needs to have the RERA approval. This certificate makes sure that the transparency of the commercial is fluid for the buyer, seller, and the government. So every commercial space in Mohali that meets these criteria will have the RERA approval.

How to buy a commercial workplace?

Buying a piece of land is no cakewalk. One has to be very cautious about the room they are investing in. Though many criteria need attention for anyone to buy a property, here are the top three must-haves.

  1. Location: this is the most crucial aspect of any property. Be it office space in Mohali or anywhere else on the planet. The property’s location is the key; it has to be accessible at the same time, not too mainstream as it might have more competition. So choose an area that is best for your business.
  2. Documentation: once you narrow down space, make sure it has all the documents needed. It is advisable to have a lawyer have all the documents checked before signing every agreement with the seller. This will make sure your decision will not affect you in a bad way in times to come.
  3. Cost: when the area you have selected is in a prime location, it is most likely to leave a hole in your pockets. So make sure you bring the cost down as much as you can. No one wants to spend more than what they could on the workplace and regret it later on. It is always better to be safe than sorry.

Does Central Street offer office space for sale in Mohali?

The more obvious answer is yes, the center street does offer workplace for sale in Mohali. But buying a center is no small task. The main reason being the location at which you get the property. As it is a prime spot in the city, the competition to get that area will be more than ever. Due to this, the price might also be high for an area that you are interested in. Make sure you look for as many sites as you could, as there are plenty of options for you to choose from.

Where to buy office space for sale in Mohali?

Even though the city is full of prime locations, few places are a cut above the rest. Here are the top destinations you would want to invest in if you are looking for office space in Mohali.

  • Sector 67
  • Sector 70
  • Mohali city center
  • Zirakpur
  • Aerocity
  • Sector 20
  • WTC Chandigarh
  • KhararKurali road
  • Airport road
  • Sector 111

These are the top locations to invest in for a commercial. All these spots are in recommendations by some of the finest experts in real estate. So make sure to choose the best spot for you and your business needs.

How to design commercial space in Mohali?

More than buying a workplace, it is more important to design it in a flexible yet elegant manner. For the design of the commercial area, there are five key steps to follow.

  1. Keep it flexible: flexible means to keep the spot ready for upgrades and necessary changes at any point in time. This will help make sure you don’t lose time while making changes or improvements to the existing office.
  2. Technical implementations: any company will house some form of electronics that helps them run their business. These techs are prone to have an upgrade very often. So you have to think ahead and make the necessary arrangements while designing your office space for sale in Mohali for the first time.
  3. Aesthetics: the look of a workplace is as important as its functionality. If some client walking into your location will judge you by the way you keep office. As the saying goes, the First impression is the best.
  4. Personal workplace: some individuals at the spot will feel uncomfortable when someone keeps looking at them. So it’s essential that the employees feel relaxed and comfortable working in the workroom. So the design of office space in Mohali be such that it gives them their own place to work.
  5. Safety: the safety of the people inside the workroom is as important as the company’s growth. Make sure the design meets all the safety measures and looks into the well-being of individuals working at the workplace.

Headquarters is a huge responsibility. It is more like a second home where one thing is dependent on the other at all times. So making sure it works cohesively without any hurdles is the most important thing. Not only that, but it is also the spot where you will be spending most of your day time, so making it a location of relaxation is a must-do. The workplace will act as the face of the company in most cases, so it is only right to present it at the best you could.

Important Questions to Ask Before You Invest in Real Estate

5 Most Important Questions to Ask Before You Invest in Real Estate

Before you invest your money in real estate, take a pause and think about some of the facts rationally before you spend your money. There are several questions to ask before you make investment in real estate. The investment amount is huge in real estate properties, so you need to take extra care before you invest. Most of us do not think before we spend. A real estate property is your life-time asset, so you must consider several important points before investing.

Let’s explore the questions that you must ask before investing in Real estate properties:-

Important Questions to Ask Before You Invest in Real Estate

  • Do you want to invest in Real estate properties actively or passively?

The difference between the active and passive investment is vast, and most of the investors will incline one over the other. Now, if you have just begun to think about the investment in the real estate property, then the chances are high that you may not have considered your preferred points. If you want to invest in Real estate, then you must know what you want that suits you both feasibly and economically. If you have decided to become the landlord, but do not have much time to deal with the tenants and properties actively. Secondly, if you want to invest passively, then you will have to face the immediate impact of investment that you need to pursue.

  • What is your investment time line and importance of liquidity in your future?

You must set a specific timeline for your investment. There is some particular timeline that is illiquid; this is an unfortunate aspect of your investment strategy. You must ensure to get the liquid money when you required the most from your investment in real estate. This is another crucial question to ask before you make investment in Real estate.       

  • What is your tax benefit?

You will receive potential tax benefits both in the active and the passive investment in real estate properties. The tax benefit entirely depends on the amount of investments that you have made on the property. There are some specific economic zones where you can get more tax benefits on your investments.

  • How real estate investment gets affected due to your portfolio?

If you want to diversify your real estate investment or the portfolio, then it is a good thing. But which diversification will help and which will increase your expense you must consider carefully. The diversification that you are doing will provide you a better ROI in the future or not. It would help if you recognized that too.

  • Which factors attracts you in Real estate investment?  

In most cases, money is the dominating factor that may arouse your interest in real estate investment. Apart from that, there are several other factors, such as location, tenant, or your own need of property. Hence,  based on your investment, check your feasibility option.

Hence from the above explanation, it has become clear the questions to ask before you make investment in Real Estate. Just try to make an informed investment in the property to get a better return on your investment

Best Real Estate Books on Investing

Best Real Estate Books on Investing You Must Read In 2020

A quality book can change your life and also can guide you in the right direction of your life.

If you are planning to make a Real estate investment then you must increase your knowledge in this business. An informed person can easily make a quality decision at the right point of time. Best real estate books on investing in it can help you to solve the problems in understanding the core concepts and fundamentals that you need to know before investing in Real Estate.

So let’s explore the best books that you can consult to make a better investment in the Real Estate business.  

Best Real Estate Books on Investing

  • Long distance Real estate investing by David Greene:- If you are tired of investing on Real Estate business and want a guidance to know the right ways to make investments in the Real Estate business then David Greene can be the best guide for you. You can seek the assistance of the best real estate books on investing. In this book, Greene has shared his tips and tricks to grow the business anywhere in the country. You can build your own team, and will also get the idea of making perfect market analysis for hiring and buying the twenty rental properties.
  • Book on Rental property by Brandon Turner:- Through this book of Brandon turner he has clearly mentioned that how to build wealth and make a consistent cash inflow you can make through Real Estate. In the Rental property investment how you can become successful is clearly mentioned in this book. Just you need to follow the steps and the tricks to become successful in this business. You will get the opportunity to get the best deals if you follow the directives of this book religiously.
  • The art of deal by Donald J Trump:- If you want to get successful in your Real estate business then you need to consider the best business model of Real Estate. In this book he has clearly stated that, how you can make the best deals to get the best investment opportunity. He has shared his years of experience of dealing with the people, their families, facing challenges and meeting the best outcome with the help of this book. This book has also received the best seller award to guide you in getting the best source of knowledge in the Real estate business.

The above mentioned names of the books are the best Real Estate books on Investing you will never feel cheated or you will not get the feelings that you have made the wrong choice. Just you need to believe on the best part of the information that is there in these books. You can follow the tricks mentioned in the books easily. Just you need to be careful while purchasing this books as there are some fake editions are also there of these books in the market. Read, understand and change your life and investment patterns in the Real estate business. You just need to follow the instructions properly mentioned in these books.

What is PropTech and how it is transforming the Real Estate?

The Real Estate is undergoing through a digital transformation and this revolution has been possible only because of PropTech. In simple terms, PropTech is the digitization of the property sector including residential and commercial building models. While this is just a small part of the wider technology transformation in the real estate sector, it includes a shift in both the digital and mental aspect of the industry. At its core, PropTech brings the focus to the consumer experience as compared to the traditional location-focus property market. The fundamental question is of how a customer experiences the property and how the property developers can extract value from this data. Furthermore, the decision-making is not derived from the consumer insights but also depends upon the integration of retailer, building, location, market, etc.

What is PropTech?

It is an innovative approach to the property industry in which digitization optimizes the way people search, rent-out, buy, sell, and manage a property land/unit. Proptech technology benefits all the parties involved from developers, investors to the property management companies, especially in the commercial real estate. The technology is empowering the developers to create energy self-sufficient building structures. The commercial property architectures and integration of modern technology help to improve the air quality by encouraging electric equipment to reduce emissions. Along with this, the digitalization has proved a boon to the property agents and consumers as it helps in crime prevention and security. The technology helps combat fraud and money laundering and also has strict identity checks.

Transforming Real Estate:

The companies which are using are creating PropTech are utilizing the innovative cutting-edge technology in their processes. These technologies allow the businesses to improve efficiency in the property industry, to make the leasing process better and data insights to create a customer experience. Major markets have been disrupted by technology like AirBnB, Uber, Opendoor etc. The Proptech focuses to bring similar disruption in the real estate industry. To offer streamlined efficiency, simpler processes, and better consumer experience is few of the changes witnessed in the property market. Also, not just limited to the above the technology in real estate has brought Affordability, Automation in processes, more Flexibility and high-end secure transactions, etc.

The builders have started to invest in modern equipment, marketing tools and taking the best use of technology.

Following are 2 major trending technology interventions –

Property Development Software – this helps to connect and centralize all aspects of the real estate project. This adds tremendous value to the property development companies. All the paperwork, progress, and collaboration of teams help greatly in speeding up project delivery.

Augmented Reality (AR) and Virtual Reality (VR) – this provides the power to visually display a new property to the end-users without actually visiting the property location. Its integration with sales tools has offered reduced risks and more efficiency in the development phases.

The PropTech companies are committed to bringing change for the betterment of the real estate industry. The real estate professionals are upgrading themselves with the technology and integrating their projects with it.

Technology Advancements & Innovations in Real Estate

The Real Estate industry has witnessed some major breakthroughs with the introduction of new technological innovations. Technology intervention into real estate is not a new thing, the manufacturing and automobile industry innovations have been very well adapted in the property construction, maintenance and for other related developments. Since the last few years, a multitude of technological advancements has been made into the Indian real estate and infrastructure sectors.

Technology Advancements & Innovations

The mobile applications and property developer/agent online presence has become more popular and has helped to reshape the future of the industry. Especially, for the commercial sector (which has always been considered as old-fashioned) is expanding and utilizing technology and trends to promote business. PropTech and ConTech are trending terms related to modern technology in the property sector. Let’s look into some modern advancements which are here to stay at least for the next decade.

Collaboration with Digital Marketing

Digital experts are the first one to notice the wave of technology around the globe. Also, they themselves have to adapt to the ever-changing marketing platform. Real Estate today is not just dependent upon agents or newspaper advertisements. The techniques and technologies have increased the opportunities for developers to directly engage with investors. Alongside, the property agents are also utilizing digital platforms to reach a wider audience available on the internet. Location-based searched helps the property developers to understand the trends and demand of the investors. The commercial hubs today are very much dependent upon the digital platforms for their promotion, to increase footfall and to find more clients.

Virtual Reality

VR technology has drastically changed the outlook of the real estate market. In today times, when people do not have time to visit the property can utilize the Virtual Reality to remote view the site and have a real-time tour of it. This has increased the efficiency of property marketing. Augmented Reality along with VR has made it possible for the customer to save time and research (legal documentation, support, security etc) over the property in detail. The introduction of mobile applications and web apps have brought everything in the mobile device of the buyer.

Artificial Intelligence

This technology is erupting all the spheres of life and real estate is one industry which has benefited a lot from it. The complex algorithms have helped both customers and realty developers to customize and maximize income potential. The most powerful factor of AI is its amazing power to give a recommendation based on our searches. The real estate websites and mobile applications utilize this technology to provide personalized and relevant recommendations to the buyers. Also, the property management applications and tools use Artificial Intelligence to monitor vital metrics and predict the trends in property prices, maintenance, security and etc.

More innovations are being made to reduce the possibility of fraud and to verify quality of construction. Few consider Blockchain technology can help to create smart contracts, strengthen the security and reduce chances of frauds. But who knows, what is stored in the future and which technology would help achieve this. One thing is for sure, that real estate is now ready to adapt and work together with the technology.

What is RERA and How it will Protect you

What is RERA and How it will Protect you?

The Real Estate Regulatory Authority (RERA) Act was launched in May 2017 to safeguard the interests of both property owners and the investors. It is a regulatory body which effectively addresses the issues related to properties like delivery delays, pricing, title, grievances, quality of construction and etc. It creates a mechanism to provide fair, efficient, quick and transparent resolutions. This act has established a mechanism for speedy dispute redressals along with protecting the interests of the buyers.

Every state and union territory has to maintain a separate cabinet for the real estate sectors where the realty builders will register and update their projects. This is a compulsory action to be taken for all residential and commercial real estate projects whether they are new or on-going. The land coverage of over 500 sq.m or eight apartments is the minimum criteria set by the regulatory authorities.

What is RERA and How it will Protect you

As a buyer, how will RERA protect you?

RERA is a central law, but the responsibility of implementation and maintaining is with the state governments. The state-specific Regulatory Authority (RA) will create regulations and rules as per the RERA Act for their respective locations. Below is a list of several provisions in the act to protect the rights of the buyers.

Project Transparency – Authenticity and clarity in project execution and marketing are regulated by the RERA act. It is mandatory for all commercial and residential realty project developers to register with RERA in order to launch a project. This also includes the promoter to submit all legal affidavits with a written declaration. All information about the project along with the estimated timelines or phases is mentioned in them. The buyer should always go for projects which a unique registration number from RERA.

Project updates to the Authority – The project builders would have to upload details on a quarterly basis related to number and types of units sold out, any government approvals or pending checklist along with a schedule of completion.  This also includes the submission of sales agreement done between both the parties. Any variation from the committed delivery date (date of possession), would penalize the developer.  As a buyer, you can check online everything about the project on the RERA website.

Protect Buyers Money – The builders will now be required to create and maintain a separate “escrow account” in which they will have to transfer and deposit 70% of the amount received from the investor in a scheduled bank. This protects the buyer’s investment to be efficiently utilized and spent on the specific project. Any withdrawal from this account could only be done after the approvals from engineer, architect, chartered accountant and the extent of completion of the project.

Protect Buyer rights – The act makes it a legal offence if any builder is non-compliant to the regulations of the RERA act. For any unlawful activity, the builder can even lose the registration of the project. For any delays in the delivery, compensation needs to be given to the buyers as decided by the Regulatory Authority. The act also states both imprisonment and penalty in cases of counterfeit.

Real Estate Market – Investment Options

Real Estate Market – Investment Options

The real estate market attracts major investment leaders for it is the most lucrative investment option. Several Mid and Large-cap investors choose real estate as their prime investment over other options. Not just national, even the international holders get attracted due to the comparative stability of the market. This has only been possible due to recent reforms in both residential and commercial property procedures. While all projects in Mohali are RERA registered, they offer consistent capital appreciation for the investors.

With the integration of modern technologies in the constructional and otherwise in the real estate have led to sustainable profits. The market might hit it’s low but later it always emerges as the winner and generates exponential benefits for the investors.  The central government is focused on improving the shape of the industry and have introduced several initiatives. On the commercial side, various state-level exemptions are given to every participant. The ease-for-business focus has helped the market to break the records and offer continuous profits. This article would help buyers and investors to check the trending investment options in the industry.

Real Estate Market – Investment Options

Mutual Funds for Real Estate

The market-specific mutual funds is an investment option provides the benefit of sharing profitability in the sector. While these funds exclude property trading and other related practices. While investing in the mutual funds an individual should consider the factors keeping future in mind. As the nature of a mutual fund – no two funds can offer the same growth pattern. The rules apply for the real estate funds as well. It demands extensive research and also provides consistent profits.

Real Estate Investment Trusts (REIT)

These are similar to mutual funds. The key difference between REIT and a mutual fund specific to real estate ion the control given to the investor. In REIT, the investor has more amount of control to his investments. Based on the study of the performance of the shares, a buyer can invest accordingly. At the background, the mutual funds invest further in the REITs to yield more profits. Publicly traded REITs are also available and are low-risk investment option.

Rental property investment

The short-term rentals have always been the most preferred and steady income source. Factors such as the prime location, modern amenities and etc can boost the rentals. The market is getting mature with each passing year and short-term rentals are trending. An investor can invest in the market or on the property of choice for short-term and benefit from the rental income.

Invest in Supporting Companies

With technology taking the front seat, the investors have shifted their investment to the companies which support the industry.  The ConTech companies are helping the market to reach the exponential growth levels. Thus, the inclination of the stakeholders to this company investment is a beneficial trend.

Distressed Properties

The land or property which has existing debt or is lying abandoned due to disputes are also considered as one of the investment options. Pending loans or any property where default payment has been done provides the opportunity to the investor to buy notes for such property at discounted prices.

The market looks promising for the investments in Tricity and North India. Make a choice and invest in the real estate for steady profits and low risks.

Retail Real Estate – Trending Commercial Sector

Retail Real Estate – Trending Commercial Sector

Traditionally, the commercial real estate was meant for business owners and industrialists. With the shift in market dynamics, the real estate for an individual is not limited to buy a house or a residential unit. Today, retail real estate offer higher capital appreciation as compared to residential investments. This category of commercial real estate in the broader terms includes properties,  buildings and land that focus on generating profits specific to the retail industry. Over the past few years, the real estate market has witnessed a great amount of expansion and maturity in the retail sector. This growing inclination of the builders and individuals is due to steady rentals, market prominence, and higher return on investments in retail. Further, the demand is boosted by the smooth transition of services like leasing, renting, buying, selling and managing retail real estate properties.

Retail Real Estate – Trending Commercial Sector

Why invest in Retail Real Estate?

Majorly, the retail sector establishments includes shopping and entertainment properties. This sector includes clothing shops, florists, shopping malls, streets, and etc. Following are the major benefits of investing in this commercial real estate category.

Market Maturity

The significant transformation in the retail real estate market has helped to resolve many historical challenges. Earlier there was a lack of reliable supply and no clear and standard regulatory procedures in place. Today, the market has grown and gained the maturity to streamline the investment process in the market segment. For all three formats namely high street retail, retail malls, and shopping centres are individually growing at a steady pace.

Higher returns

On an average, the retail investment yields range from 6 to 8 % which is higher than that of residential. These numbers are a great parameter to attract the investors. The calculation of the investment yields is based on the annual rental income and the price of the property. The retail industry is open for stream-based investment and promises much higher capital gains.

Lease Time

Typically, the retail leases are signed for at least 5 years. This long lease facility gives sufficient time to the individuals to establish their businesses. In turn, this offer security to the landlords. In a format of turnover-rents, the landlords get the opportunity to get a percentage share of the gross revenue from a business.

Low Maintenance

The costs involved in real estate taxes, utility bills, maintenance, insurance are all taken care of by the tenants and not the landlord. The retail leases offer more benefits for the investors. The investment in shopping malls or commercial hubs provide several advantages to the tenants as compared to isolated shops. The features like office staff, common reception, electricity and security maintenance and many others are handled by the business avenue owners.

High Efficiency

The cost of any real estate asset majorly depends upon its location. There are higher chances of growth and capital gains if a shop is located in a mall or a high street. The location plays an important role in the transportation of the raw materials.

Overall, the retail spaces are transforming from service-based to experience-based avenues. The business owners are shifting to more entertainment-based developments like supermarkets, fitness, recreation centres and etc. The focus is to live, work and play and to provide continued growth opportunities.

Modern Workplaces – Enhance the Business Productivity

Modern Workplaces – Enhance the Business Productivity

The modern workplaces have introduced an immense transition in design and approach in the corporate real estate. Today, the offices are moving away from cubicles and bringing more collaborative and open spaces around. The visual appeal of modern architecture is much more pleasant and aesthetic in its tone. Traditional office spaces are being challenged by the new smart designs. They are re-designing and reshaping to improve productivity. It is noticed that the modern workplaces encourage collaboration and creativity among the peers. This further gives opportunities for innovative ideas to develop and enhance the business productivity. Following are the major benefits of commercial hubs, and modern office spaces for a business.

Open Team Environment

The modern office spaces increase the collaboration and helps to put the right amount of focus to make crucial decisions. The open spaces provide the platform for the ideas to be shared and respected by others. The cubicles, on the other hand, restricts an individual at the physical level which in turn blocks the mental learning curve as well. As per the surveys, it is observed that modern workplaces to enhance productivity by encouraging individuals to share ideas, learn new perspectives. Collaboration in the open spaces helps to brainstorm together and find efficient and bigger picture to solve business problems.

Global Network

2020 is the era of technological advancements and integrated interfaces. These progressions have transformed the working style into one global network. The gap of distances and timezone of clients, vendors and customers have been reduced. The new technologies enable remote working, co-working areas, and teleconferencing advancements which boosts the overall business productivity. Communication is the key to success and with modern working, it has become more convenient and fast. The latest technology is supporting every business to work in a simple, standard and effective manner.

Supportive Interiors

Gone are those days when offices had one table and chairs from the ancient times. Today, the interiors include colour tones to bean bags\couches to innovative light sensors. Good interiors can affect the mood of the employee. If used in an appropriate way, it lifts up the spirit and makes in individual more productive. For every business growth, it is very important to analyze the area of their employee’s work and how they feel working in the workplace. Appropriate lighting, the option of natural light, and green patches around add a therapeutic sense in the environment.

Scalability  –

Every business grows and the demand for expansion increases. The technology is evolving faster than the speed to catch up by the businesses today. The modern workplace, commercial hubs or ready to use office spaces gives the flexibility to extend or reduce based on the requirements. The commercial hubs are fitted well with all necessary amenities which are required for a business to operate. This includes infrastructure changes, architectural designs and meeting\conferencing facilities. The businesses can opt for any custom additional feature they wish to choose for them.

Investment in modern workplaces and commercial hubs have many other benefits which help a business to spend effort and energy on their business and transfer other burdens to the third party. The managed workplaces provide favourable conditions and ecosystem for business growth.

New Innovation in Real Estate

Co-working Ecosystem – A New Innovation in Real Estate

The adaptation of co-working real estate in India began in 2013 and is growing at a much faster rate as compared to global trends. The development and growth in global co-working operators have led to the expansion of this segment in India. The co-working spaces have gathered significant momentum and this has increased the demand of start-ups and SME’s. This fast growth has attracted many big players to considered managed workplaces as the investment option. The benefits of such commercial hubs can only be enjoyed with the strong support of economic fundamentals and positive interest in funding the start-ups. India is the second-largest co-working in the APAC region with a market size of 16 million as of 2019. With more than 400 shared workspaces including start-ups, freelancers, SME’s and enterprise customers, the penetration of this innovation is increasing day by day.

New Innovation in Real Estate

As the co-working presence increases, the real estate developers and stakeholders are exploring different models of this segment. Typically, there are three operating models in the co-working ecosystem namely sub-leasing, revenue sharing and own & operate models. Each of the model, promises to deliver its unique advantages.

Sub-Lease Model – This is the most commonly adopted model in India. In this, the managed space provider signs a long-term lease with the owner of the property. The provider then further sub-leases the co-working space to the end-users. In this kind of agreement, the property owners are at a low risk as the direct rental incomes continue to be received by the operator.

Revenue Sharing Model – In this type, the property owner and the third-party operator collaborate and agree to develop a managed workspace. The initial investments are provided by the property owner while the operator manages the spaces leased to the end-users. The revenue generated is divided by the owner and the operator as per the signed revenue-sharing agreement.

Own & Operate Model – The property owner creates and operates this type of co-working space. While this model burdens the owner and is not a preferable model. Typically, the owner lacks the management expertise and without the help of the operator could incur losses.

Apart from these, the co-working segment is moving towards more innovative business models. Major companies are scaling up to use and created sub-segments of managed workspaces. The new opportunities are witnessed in the Indian co-working ecosystem like

  • Local real estate developers are collaborating with the international co-working operators
  • Few big players of Indian real estate are setting up their co-working, commercial hubs and SEZs. The Mentor Group is one such leader in North India.
  • The co-working operators are further collaborating and acquiring other co-working start-ups
  • Even the retail developers are establishing co-working spaces to expand their business
  • Other industries like hospitality are identifying new solution to enter into co-working spaces.

The co-working spaces are deriving the corporate sector by offering cost savings, scalability and flexibility. The ease of transaction and business is another factor that is attracting the real estate developers and investors for funding these models.

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