By: Manu Sharma
2nd of the series
Track2Realty Exclusive
Realtors who are in the business of developing SME clusters believe in recent years, the metro cities have also seen a good increase in SMEs, which have catapulted themselves into mid- to large sizes within 3 to four years. Most of the banking and finance companies started small and have grown only in the last six to seven years, which is a revelation in itself. Some well-known IT companies have grown in size only recently.
India has more than 5000 mid- sized companies and at least more than half started their businesses in the metro cities. So SMEs being only in tier II and tier III is a myth. The idea is to offer office spaces at the right locations and offer the right mix of floor spaces and amenities.
“It is misconception that SMEs are only in tier II and tier III cities where land is less. The SMEs are also exists in the Metros like Mumbai. The India Growth story is the answer to the emerging demand for the SMEs who are now looking for a well equipped office. Gone are the days, when the SMEs were operating their businesses from the office spaces where they did not have basic amenities such as water, rest rooms. Today, the lifestyle has undergone a massive change in India, and Metro like Mumbai tops among any other city for offering great ambience at par with global commercial properties,” says Mayur Shah.
Madhusudan Thakur, Regional Vice-President, South Asia, Regus believes developers will always go where the demand is, and if there is demand in metro cities that is where they will go. It is also important to remember that SMEs also want to be in top locations, and if there is a business case for them to invest more in being in that location then they will be willing to do so.
“The most important element is to understand what SMEs need, and this cannot be done overnight. What SMEs need is flexibility, the agility to work wherever and whenever they need, and pricing points to suit. That is why we offer a whole range of solutions, from serviced offices to virtual offices and business world, our membership programme that gives businesspeople access to our professional facilities at 1100 location worldwide, all at a fraction of the cost of a traditional leasing approach,” says Thakur.
…..to be continued
