Last update:December 13, 2024, 2:05 p.m. IST

The flexible workspaces of the future are being revolutionized by Special Economic Zones (SEZs), which combine unparalleled connectivity and cost-effectiveness.

SEZs are redefining flexible workspaces.

As flexible workspace providers reshape the commercial real estate landscape, special economic zones (SEZs) are emerging as prime locations. The SEZ framework offers distinct advantages, including cost savings and improved opportunities for international trade facilitation. Businesses located in SEZs benefit from various tax exemptions and deductions, which can lead to considerable savings over time. This is particularly useful for global businesses and Fortune 500 companies looking to enter new markets or expand operations without the overhead costs typical of metropolitan areas. Likewise, startups and SMEs looking to expand find these regions ideal, as they offer flexible and adaptable workspaces that evolve with their business needs.

With more than 20,000 acres of land and 100 million square feet of built space, these designated areas offer significant growth potential. Developers like DLF and Tata Realty are denoting select areas, paving the way for coworking providers to offer modern, flexible spaces backed by favorable regulations, tax incentives and world-class infrastructure.

An underlying point is that SEZs are strategically located close to industrial hubs, airports and major urban centers, ensuring optimal connectivity. For our customers, this enables easy access to critical networks and supply chains, improving operational efficiency and staff comfort. The modern facilities in these areas are well suited to the needs of today’s hybrid work culture, which emphasizes collaboration, seamless technology integration and comfortable workspaces.

These business hubs hold immense potential for us as we continue to expand into new cities, as they not only offer regulatory and economic benefits, but also an opportunity for us to grow sustainably, integrating green building practices and smart infrastructure to create efficient workspaces. and ecological.

We believe that Special Economic Zones provide an ideal environment for coworking spaces, catering to both multinational corporations and local businesses. They help create custom spaces that meet a variety of operational needs, providing long-term occupancy solutions for large businesses and flexible arrangements for growing businesses or temporary project teams. This adaptability is essential in today’s rapidly changing business landscape.

(With contributions from Suvrat Jain, founder and CEO of Onward Workspaces)