Commercial realty in India has defied the much cried ‘slowdown’ and has started showing momentum. Thanks to some of the supportive policy reforms by the union government, investors from across the world have intended to invest in India. Many multinational companies are already present here and are planning to expand their businesses. The boom in eCommerce and approval of 100 per cent FDI has unlocked many more opportunities for the commercial realty to leapfrog the growth. Cities like Noida and Gurgaon in Delhi NCR, Chandigarh, Bengaluru, Hyderabad, GIFT City in Gujarat and Mumbai have become the commercial property hot-spots. This boom has also created a need for business parks which are self-sufficient and offer all the facilities a businessman would require on his trip. It has given the birth to concept of Integrated Business Parks.
Integrated Business Parks are amalgamation of small business units together with retail and world class hospitality facilities. Some of the amenities include retail space with global standards, office space, meeting rooms and serviced apartments with global standards for facility management services. The various commercial projects by Hines Group worldwide like CityCenterDC in Washington DC, 609 Main in Texas are the best example of Integrated Business Parks. World Trade Center has also established its name in this category and has created its own members family and support them to expand their operations globally.
In India too, such business parks are being developed by renowned developers. They are tying up with global brands for facility management and offer their customers best in class services. As an investor, one should look to invest in such properties for following reasons.
Need of the Hour
With business environments exploring global opportunities, it becomes necessary to follow the global standards as well. Such business parks offer an ease of doing business and make your global guests as comfortable as anything. Employees too, feel proud working in such offices, thereby restrict attrition.
With business environments exploring global opportunities, it becomes necessary to follow the global standards as well. Such business parks offer an ease of doing business and make your global guests as comfortable as anything. Employees too, feel proud working in such offices, thereby restrict attrition.
Avail facilities without owning
The integrated business parks offer facilities like high-class meeting rooms, conveyance facilities for global guests, serviced apartments and recreational facilities all in one campus. One just needs to book a unit there and avail all these facilities on a marginal rate.
The integrated business parks offer facilities like high-class meeting rooms, conveyance facilities for global guests, serviced apartments and recreational facilities all in one campus. One just needs to book a unit there and avail all these facilities on a marginal rate.
The Smart City Concept
Integrated Business Parks are usually run on smart energy with Eco-friendly management system all around. They run on solar energy, have waste management in place, treat their waste water to recycle etc. Therefore, they best suit the concept of smart cities that the government is developing.
Integrated Business Parks are usually run on smart energy with Eco-friendly management system all around. They run on solar energy, have waste management in place, treat their waste water to recycle etc. Therefore, they best suit the concept of smart cities that the government is developing.
Ease of Doing Business Globally
These business parks are maintained and run by global consultancies having properties in other countries as well. They form a global family and offer business facilities to their members in other countries as well on a marginal rate. This makes doing business easy and expands the reach to many countries instantly.
These business parks are maintained and run by global consultancies having properties in other countries as well. They form a global family and offer business facilities to their members in other countries as well on a marginal rate. This makes doing business easy and expands the reach to many countries instantly.
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