Firms and businesses need a lot of resources to thrive in an area. Apart from their internal structuring, they also need a host of external resources to function properly. The most basic of requirements comprise workspaces and conference rooms. In a country like India, most of the industries are centered on financially affluent localities. One of the prime locations that attract most of the investment is Gurgaon, the industrial area located near New Delhi. Located in Haryana, this city has witnessed rapid industrial growth in the last few years. The quickly increasing volume of trade means that corporate space in the area is drying up. To counter the still growing need of office spaces, the focus has now shifted towards Sohna road locality. Sohna is a town just outside Gurgaon, the incoming and outgoing traffic uses this route to reach their destination. For meeting the requirements of incoming businesses, meeting rooms in Sohna Road Gurgaon are being constructed.
Creating Opportunities:
The outer areas of Gurgaon were not as developed as the ones facing Delhi. As businesses expanded here, the corporate sector leased or purchased the local assets and started constructing their offices. After a period of time, when startups and enthusiastic youth found their way here, they had not enough money to fund their offices. So they took up space on the other side of the city (Sohna road area). The government of the state came to their rescue and provided funding for developing a conference hall in Sohna road Gurgaon that can be put to use by these new companies. Slowly, but steadily Sohna road became a frequented destination of big corporate houses that outsourced their work to the small companies here. As they noticed the advantage that this area had to offer, they set up regional offices and provided investment to capitalize on the opportunities. After being crowded in Delhi and NOIDA, firms are opening out here. The following list of reasons has played a key role in its transformation:
• Economical rates: The land here is available at a cheaper rate than in other surrounding parts of Delhi. What it lacks in commercialization is rapidly being made up for by huge scale investments being poured into the area. Though it is true that all these factors have contributed to making it costlier but then expensive is a relative term. In comparison to prime locations in Delhi NCR this place can still be considered cheap. It has taken some of the pressure off the back of this underdeveloped area and provided a stabilizing hand, in absence of which the rapid growth would have resulted in a financial collapse.
• Space for expansion: As this area lies on the other end of Gurgaon, there is plenty of scope for its expansion. It is a well known fact that corporate cannot thrive in absence of a dedicated working space. Meeting rooms in Sohna road Gurgaon are being built to meet their need. Big brands can afford to construct their own offices but the newly established ones that lack the deep pockets have to make do with the best that they can get. To make sure that such companies do not fall behind and get taken over, local agencies have rented out offices and other supportive machinery.
• Housing solution: One of the biggest attractions that pulled corporate towards them was the domestic nature of Sohna. Apartments and colonies were already established meaning that employees would spend less time in transport. They would have more available for work and hence boost the productivity. As opposed to the two hour norm of Delhi and NOIDA, the total travelling time here would be a mere 20 minutes. Additionally if they were to capture the domestic market (which had a large population), they would be able to establish a permanent user base and gain a source of steady income. This was more important for younger companies that had to fight tooth and nail to meet their daily needs. The owners and partners can be compensated on a later date but the fixed expenditure has to be timely met.
• Distance from the city: Sohna road locality is situated almost equidistant from the key places in Gurgaon (main city). This makes travelling easier. Also being located on the outskirts mean that no traffic jams and open air for the residents. Many parks and social gathering spots have been funded for welfare of the local community. Any incoming industry makes it a point to set aside a part of their CSR amount to invest in the area. Step by step, the area has been transformed into a busy neighborhood that is bustling with life and has all rations of daily life.
All these factors, together, have made Sohna road locality a growing market.
Creating corporate solutions:
Conference hall in Sohna road Gurgaon can be rented by companies or individuals based on the availability of dates. Increased volume of trade means that these places run on a tight schedule too. What keeps such places ticking is the recurring nature of business. Meetings occur on a weekly or monthly basis, and revenue keeps flowing in. The cost of maintenance and other factors (like electricity and persistent bills) are met by these appointments only. There is tremendous scope for growth of such establishments. The more industries grow; more will be the investment that flows into such places. Entire corporate strategies are built on individual relations. It is important that significant attention is paid to the meetings; individual relations are built on mutual respect. The better the establishment, the more respected the delegates feel. Corporate negotiations and agreements are an integral part of operation, meeting rooms and corporate halls are the places where they are built.