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Corporates need not have to go through the trials of setting up a new office

The virtual can be fired up in minutes. That is what Servcorp India, an initiative between K Raheja Corp and Australian firm Servcorp, must have been thinking when they decided to enter the serviced office solutions space writes Rajesh Kulkarni

Formidable real estate prices and a continuous growing demand for affordable office spaces will soon compel companies to look for readily available fully-furnished offices. And a virtual office that is flexible, cost effective and allows the ventures to focus on their core business is the answer.

Little wonder why Mumbai-based real estate developer and retail major, K. Raheja Corp is betting big on India’s potential as a huge market for total serviced office solutions. Recently, the company entered into an exclusive franchise agreement with Servcorp, a global leader in the fully-functional serviced offices and virtual offices’ business, to establish its presence in this space in India.

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Meenal Sinha, general manager, Servcorp India, says: “We see India emerging as one of the key markets for these services. The growing economy and favourable government policies have provided vast opportunities for foreign companies to include India on their expansion radar. It has also provided a congenial environment and opened up opportunities for SMEs and entrepreneurs.”

High on her priority list are start-ups and new businesses looking for cost effective office management solutions. She says: “We offer everything that a new business would require, allowing them to focus instead on the day-to-day running of their business. All meeting rooms and administration services run on a “pay for what you use, only” basis. Elegant boardrooms, executive offices along with professional and technical support staff, customised to meet the needs of every business contribute to clients gaining a competitive advantage and developing a global corporate image.”

The company also offers ‘virtual office packages’ supporting businesses that do not have a requirement for physical office space. “Virtual office clients can take advantage of the prestigious addresses utilising it on business cards and letterheads, be assisted by a dedicated receptionist to  answer calls in their company name or gain international access to boardrooms and meeting rooms, in short everything you’d expect from a professional office environment – without actually owning an office.”

Sinha assures that virtual offices offer an excellent option for entrepreneurs, small businesses, travelling executives, project-based clients or organisations seeking to start operations or gauging the market in a new location.

“The most significant benefits of a virtual office are flexibility and low cost. As you pay for only the services that you use, you don’t waste money on resources you don’t need. You don’t have to worry about maintaining the office, the house keeping, setting up the computers and servers or even the pantry,” she explains.