The Office Pass (TOP) Opens Its 11th Office on the Golf Course Road in Gurgaon

The Office Pass (TOP) Opens Its 11th Office on the Golf Course Road in Gurgaon

by | posted in: Coworking in Gurgaon | 0

Neighbourhood Coworking and Managed offices company The Office Pass (TOP) announced the opening of its 11th office in Delhi NCR. The new office is located on the prestigious Golf Course Road in Gurgaon. This addition will further cement the company’s leadership position in the Gurgaon market. TOP is the only Coworking company to have 9 operational offices in Gurgaon. In addition. the company operates an office each in Sec 4, Noida and Mohan Cooperative Industrial Area in South Delhi.

The company has been in the expansion mode post-COVID, led by the significant shift in businesses opting for Flexi / Hybrid workspaces over conventional leases. Earlier this month, the company announced its plan to open 4 new offices over the next 6 months adding around 1300 seats to its inventory. This is the first of the four offices that the company wishes to open. 

Top Meeting Room Golf Course Road, Gurgaon
Meeting room at The Office Pass (TOP) office on Golf Course Road

TOP is the only company that offers Neighborhood offices to the Indian users. TOP offices are located in the city’s CBD areas and also around residential neighbourhoods making it easier for companies and employees to work from an office close to their place of residence/business. This concept has found favour post-COVID as employees do not want to travel long distance using public transport like metro & shared cabs. Companies also want their employees to work remotely as long as their productivity is not hampered. Neighborhood Coworking helps achieve this WIN-WIN.

“We are seeing a significant shift is customer’s preference towards flexi workspaces and would like to capitalize on this momentum. Earlier it used to take us 7-8 months to achieve break-even, however, post-COVID this has come down to under 4 months. If there is no further COVID disruption, we hope to open a new office every 45 days,” said Mr Aditya Verma, Founder & CEO, The Office Pass (TOP).

Work Place and Cafe Seating
Workplace & Café seating at The Office Pass (TOP) office on Golf Course Road

The commercial real estate market in India is extremely fragmented, with multiple small property owners. An offices space of 10,000 SqFt may have 3-4 individual owners. These owners lack digital marketing & office operation skills making it difficult for them to find a suitable tenant at an affordable cost in a reasonable time. Using technology and digital skills, companies like TOP are trying to formalise this un-organised market with its Neighborhood Coworking offering.

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Auburn Digital team at our Coworking Office in South Delhi

Harsh Kedia – Journey from a small village to heading a full-service digital agency

by | posted in: Digital | 0

Under the founder speak initiative of The Office Pass (TOP) christened #TOPTALKS, we are pleased to share the story of Harsh Kedia, Director of Auburn Digital Solutions. Harsh & his team has been associated with TOP Coworking space for over 1 1/2 years. Auburn is a full-service digital agency headquartered in Mumbai, and has its branches in Delhi, Bangalore & Kolkata. They build brands with 360-degree solutions and create digital experiences. In this post, Harsh shares his experience of building and scaling the company.

Q. Tell us something about you (education & experience) and the business you started?

A. I’m Harsh Kedia from a very small village of India and before I started my journey of entrepreneurship I’d been working with some of the leading names in the agency and corporate sectors like Zenith Optimedia (a Publicis Groupe company), People Interactive and Zee Telefilms.

Q. How old is your company and how did you think of this concept? What problem are you trying to solve?

A. I like to say that Auburn is just 9 years young! We started this exciting journey with some great ideas and tons of passion. This zeal is part of our core, and makes us who we are. We have brought this approach to helping brands navigate the creative and marketing challenges of doing business in a hyper-digital age. As digital technologies keep evolving, we keep learning and bring in new and innovative approaches to solving challenges for brands and companies.

Q. What is your business model (how do you make money)? Would be great if you can share some actual data like revenue growth (QoQ or YoY), active user/customers, new initiatives etc?

A. We offer different models of engagement with our clients. Besides the common agency retainer model, we also create other partnership models to provide flexibility in our service offerings. Our offerings comprise of performance marketing, brand building, creative technology offerings, creative social media marketing, and building interactive touchpoints between brands and audiences. We have worked with over 200 clients globally in multiple categories like BFSI, FMCG, Consumer Durables, Telecom, Auto, Tech, Ecommerce and many more. A campaign delivered by us made it into the Guinness Book of World Records for “highest number of organ donation pledges” collected in a single day.

Q. Top 3 steps taken by you to attract and retain talent? Explain how you develop/nurture talent in the company?

A. At Auburn we believe in the value chain of talent development, co creation and career progression. We make it a point to hire curious, passionate and high-energy individuals and provide them with great learning and growth opportunities. We invite them to be co-creators in our campaigns and provide in-house training sessions for enabling career progression as well as job role changes within the organization. This approach has worked well for us and we may quite possibly have the lowest attrition rates in the industry.

Auburn Digital Solutions Team
Auburn Digital team at our Coworking Office in South Delhi

Q. Tell us about your workspace (own office, coworking office, managed office or anything else like home office or hybrid working environment) and the reason for opting for them?

A. We were very glad to partner with The Office Pass as it is a one stop shop for all our workspace needs. Having a good quality professional work space solves a lot of infra and workspace-related problems and The Office Pass, provides us a solution which takes care of these requirements.

Q. What do you like to do in your free time?

A. In my free time I like to spend time with my daughter. When she allows me, I also spend time in fitness center and movie binging. Occasionally, I also go out with friends and family members.

Q. Tell us about your experience with The Office Pass (TOP)

A. Our experience with The Office Pass as been very positive. We have been able to keep organizational focus on service delivery for our clients because a lot of infrastructure needs are taken care of professionally, with good levels of servicing.

Thanks Harsh for your time!

Congratulations on the great work you are doing in building Auburn Digital.

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Amazing Shared Office Spaces in Delhi NCR for Startups & SMEs

The Office Pass (TOP) plans to open 4 Neighborhood Coworking Spaces in next 6 months

by | posted in: Coworking Spaces | 0

 

Gurugram, 1st March 2022: Neighborhood Coworking operator The Office Pass (TOP), which currently runs 10 Coworking offices in Delhi NCR, plans to open 4 new offices in the next six months. This expansion is a result of strong demand for flexible workspace post covid. Companies and employees want to work in an office space close to their residence/business and that is creating a tailwind for Neighborhood small office format. This expansion will strengthen TOPs dominant position further and will make it the largest Coworking operator in Delhi NCR with 14 offices.

  • The company plans to open one office every 45 days starting April 2022
  • TOP targets to become the largest Coworking spaces operator in Delhi NCR

 

Out of the 4 new offices, 2 will come up in Gurgaon (one each in Golf Course Road and near HUDA City Center metro station). They will have a combined capacity of over 650 seats. The first office will become operational in March 2022 and the second in May 2022.

“Pre-COVID it used to take us 7-8 months to achieve breakeven in an office. With companies moving away from traditional leases and people preferring to work from an office close to their place of residence, we have seen a much faster adoption of the Neighbourhood Coworking model. Our last office (with 600 seats), that opened in November 2021 has achieved break-even in under 4 months. This has encouraged us to scale faster. If there are no covid related disruptions, we hope to open one new office every 45 days starting the coming financial year,” said Mr. Aditya Verma, Founder & CEO, The Office Pass (TOP).

TOP plans to add capacity at its existing office in Mohan Cooperative Area in South Delhi. The occupancy at the current office crossed 90% in February 2022 and South Delhi area continues to see high demand for Coworking. The company has already taken additional area in the region and will make the new office operational in April 2022. This will add another 170 seats to its South Delhi inventory.

The 4th office is planned in Noida or in an unrepresented location in Gurgaon. This will be a 450 seats facility and will be operational by June-July 2022. These new office spaces will see the firm adding around 1250-1300 seats. TOP also plans to enter the Mumbai market in the coming financial year.

The Office Pass, Coworking space, Cyber City, Gurgaon

Commenting on the company’s expansion Brijesh Damodaran, Partner, Auxano Capital one of the early investors in The Office Pass (TOP) said, “TOP is the first player in the Neighbourhood Coworking space and today it’s a market leader in this space. Managing the working capital efficiently along with being diligent in identifying new office spaces has been its USP. Increasing its geographical reach outside of NCR is the next big step for TOP and 2022 should see this in action.”

127 small to mid-sized companies are currently using TOP Coworking and Managed offices. TOP plans to expand aggressively and increase this to 1000 companies over the next 2 years.

“The commercial real estate space in India is largely un-organised with multiple individual owners. An office space of 10,000 SqFt typically have 3-5 owners. With no formal training in digital marketing & office management, the landlords find it extremely difficult and cost prohibitive to find a tenant. Post covid, the demand has shifted from traditional leasing to flexible workspaces and we see huge upside for companies like ours to organise this market,” added Aditya.

The Indian flex space market has seen huge growth over the last few years. It is still very early days for Coworking players. It is pertinent to note is that the current flex market penetration in total office stock stands at approximately 3.5%.  According to JLL’s office market report, India’s average penetration rate for the top seven cities could reach around the 4.0-4.5% mark over the next two years.

The demand for flexible workspace was largely driven by freelancers and start-ups in 2015-2019. However, post COVID, organisations of all sizes have developed a fancy for this format. Going forward the demand will be largely driven by small to mid-sized companies and large companies and MNCs using Coworking for their distributed / hybrid office formats.

 

About The Office Pass (TOP)

The Office Pass (TOP) is a technology-driven Neighbourhood Coworking & Managed Office space provider. TOP is the only Coworking & Managed Spaces Company in India that promotes #Walk-to-Work. TOP’s vision is to have multiple Coworking offices spread across the city. TOP offices are located in CBD areas and around residential Neighbourhoods, so one can find the nearest office in less than 10 minutes.

TOP currently runs 10 offices across Gurgaon, Noida and Delhi. 127 mid to large size companies are using TOP Coworking and Managed office services. The company plans to open over 50 Neighbourhood offices over the next 2 years with presence in multiple cities across India.

One can think of TOP as a Convenient store (like 7-ELEVEN) of Coworking.

To learn more, visit www.theofficepass.com and follow TOP on LinkedIN, Facebook and Twitter.

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Why Demand For Coworking Spaces Continues To Grow In Delhi NCR

Top 4 Reasons Why Demand For Coworking Spaces Continues To Grow In Delhi NCR

by | posted in: Coworking in South Delhi | 0

A recent real estate report showed that as the COVID numbers fell, interest in Coworking spaces grew. Delhi NCR was one of the main cities where this trend has been noted. 

According to a recent real estate report the gross absorption of office space in the third quarter of 2020 stood at 3.6 million square feet and grew to 4.7 million square feet within a year. It’s been growing ever since and from small start-ups to established multinationals, everyone is weighing the pros and cons of leasing desk space vs an entire office. Let’s take a look at some of the factors contributing to this growing demand for Coworking in Delhi. 

4 Reasons Why Demand For Coworking Spaces Continues To Grow In Delhi-NCR

Delhi NCR Is India’s Startup Capital

The entrepreneurial spirit is booming in India and there are over 61,400 recognized startups. Of these, over 5000 startups were founded in Delhi NCR between April 2019 and December 2021. Some of the most well-known Indian startups like Zomato, Swiggy, Paytm and Policybazaar are headquartered in Delhi NCR. With the government pushing a ‘Make in India’ philosophy, the number of startups in India will only continue to increase.

A tight budget is a factor common to most startups. Irrespective of the number of investors an entrepreneur may have, startups are constantly looking for ways to lower their operational costs. Leasing out independent offices is often out of the question. 

But, by choosing a Coworking office space in Delhi, they can give their team a professional space to work out of at an affordable cost. The ability to lease out individual desks also makes Coworking spaces ideal for startups with growing teams. 

High Rental Cost For Office Space In Delhi

Delhi is among the most expensive cities in India to rent an office. Surprisingly, an office in Connaught Place is more expensive than having an office in San Francisco! 

It’s not just startups that can no longer afford offices in Delhi’s Central Business District or Secondary Business Districts but larger firms too are having to rethink and prioritize their expenditures. At the same time, as any entrepreneur will attest, the address on a visiting card does influence the value of a business. 

Coworking in NCR seems the ideal solution to this issue. The cost of leasing out a desk at a Coworking unit in Noida, Gurgaon, Saket or Mohan Cooperative Area, etc. is quite budget-friendly. Another reason for the growing Coworking space demand in these areas is because Coworking offices are more likely to be on main roads and accessible from metro stations. Even if an entrepreneur could afford an office in Saket, it would probably be on a side road and parking may be a problem. Thus, startups are more likely to make a favourable impression on clients visiting them in a Coworking space.

Delhi Was Badly Hit By COVID And Companies Are Shifting To A Hybrid Work Arrangement

While COVID has affected every part of the country, Delhi NCR was one of the worst-hit. While a lot was written in newspapers about personal losses, businesses faced tough times too. The lockdown made everyone rethink the way they operated as well as operational costs. Work from home proved a good stop-gap arrangement but not a feasible long-term solution. A growing number of companies are moving towards adopting a hybrid work arrangement. This allows only those employees who have critical work in the office to come in. Everyone else can continue to work remotely from satellite offices.  A Coworking space in Delhi is ideal for such arrangements. 

Flexibility is one of the biggest drivers of Coworking space demand in light of hybrid work arrangements. Companies can choose to rent a workspace for as few as a couple of hours or as long as they need. They can rent out a single desk or ten. Thus, there’s adequate space for everyone on the team. 

Commuting Is Difficult And Coworking Helps Retain Talent

When it comes to commuting in Delhi, the traffic is notorious. Traveling by the Metro is a better idea but during peak office hours, finding a foothold can be a challenge. With COVID still around, there’s also a safety aspect that makes people hesitate before getting onto the Metro. As a result, when people look for jobs in Delhi, they tend to look for offices in the vicinity of their homes. For a business, this limits the talent available.

A Coworking space can help overcome this challenge. An organization could have a Shared office space in Saket and a Coworking space in Noida. Thus, employees no longer need to commute across the city. They can log in to their computers at the closest Coworking space. Companies are finding that this system makes their hiring process easier and lowers attrition rates. 

The above points clearly illustrate why co working space is in demand in Delhi. If you’re looking for a Coworking space for your company, take a look at the locations and services offered by The Office Pass (TOP). All Coworking spaces are equipped with ergonomic furniture, air conditioning and a range of facilities to keep you comfortable. Choose between Coworking spaces in Delhi, Noida and Gurgaon and experience the benefits for yourself. To know more reach out to us at 08999 828282. 

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