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Economic slowdown lifts up serviced office dealings

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Slowdown has paved the way for the service offices with varied offerings like executive offices, internet, video conferencing, wireless contact, telephone and fax utilities, client service and receptionist, apart from on-site executive subordinate, and meeting as well as board rooms on the basis of pay-as-you-use. In addition to this it also offers the executives with fabulous business card for their new posh address with very low services charges as compared to the traditional one said the source at the www.propertykhazana.com.
MD of Servcorp India has revealed that “the economic slow down has affected the serviced office trade in a better way as compared to the past. We have succeeded to increase our business 30 times as most of the overseas and the local players are more comfortable with these norms besides going for bigger altitudes”. The occupancy rate has grown up to 85 percent, MD adds at www.propertykhazana.com.
Looking to the height of the trade, Servcorp along with Raheja is planning to extent the chain to other major cities of the country. As for now the duo has establishments only at Hyderabad and Mumbai. Further head of the Servcorp states that “deficiency of liquidity to encourage a bigger set up for any commercial units and risk of longing further makes the serviced office business more lucrative than expected before the economic fall”. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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