Regus Group forays into Indian market

Bangalore, June 14 (UNI) Regus Group, a leading provider of outsourced workplaces on demand, today announced its entry into the Indian market, with the launch of its business centre here.

Speaking to newspersons here, company Commercial Director (India) Madhusudan Thakur said his company, having established itself in Europe, had envisaged to expand in the Asian markets, including India, Korea, China, Japan.

He said that in India, the Regus Group had identified Bangalore, Delhi, Gurgaon and Mumbai as preferrred locations for high quality commercial space and had been testing these markets for national expansion for the last one year. The group aimed at leveraging the growth and consolidation of players in the IT and ITeS, business services, banking and finance, and energy sectors.

Mr Thakur said that with property constituting more than 40 per cent of the total investment of many Indian companies, workplace outsourcing had became a strategic component of their business plan.

Partnering with Regus, companies could now save office space cost of 78 per cent, which would reduce the total cost of occupancy by eliminating up-front capital expenditures and redirecting that money into propelling the company's core business forward, he added.

Outlining the services being provided at the Regus Business Centre, he said the ready-to-use offiices would offer businesses of all sizes across any sector with an unlimited access to 750 Regus Business lounges in 60 countries and 3,700 meeting rooms worldwide.

The fully furnished and equipped offices had facilities like high-speed internet and digital telephone services, meeting and conference room facilities and on-site business and IT support.

Mr Thakur said Regus offices would be available for terms ranging from three months to long-term arrangements, making it easy for customers to expand or reduce office space as business needs change.

Clients only pay for the space they occupy and the business services they require on an as-needed basis.

He opined that business property in India had witnessed extreme swings in the last ten years, with the sudden collapse of investor run markets and rise of business process outsourcing, bringing in strong growth. Enterprises were keen on outsourcing their real estate requirements as means of mitigating financial and property risks.

UNI MV GD TS1535