| |April 20199A SMART BUILDING IS NOT ONLY ABOUT A SMART SPACE. IT IS ABOUT A SMART SOLUTION WHICH IS INTELLIGENT, SAFE, SUSTAINABLE AND CONTRIBUTES TO EMPLOYEE WELL-BEINGopting for well-being certifications which are driven by standardized ratings on internal air quality, con-tribution to employee health via availability of gym, yoga, medi-cal camps, improving mental and emotional health of employees, which also reduce overall sick days.Understanding the Trends in Workplace Demands Across metro cities, there is a trend of companies moving from older stand-alone buildings to campus style new-age workspaces, which can offer smart elements of the workplace ecosystem and ameni-ties. Also, there is a trend of flexi-ble or co-working spaces, which are taken on lease along with the con-ventional office leases. Some of the companies are also securing direct & indirect tax benefits under the SEZ clause before the sunset clause of SEZ in March 2020. The growth of IT-driven space requirement is reducing some bit due to AI implementation and optimization of workplace usage. At the same time, the digital & e-Commerce industry has gener-ated huge opportunities for office space development and absorp-tion, and new segment of out-sourcing companies and banking, engineering design, labs biotech, pharma, insurance are expanding their global back office operations. Likewise, the office interiors are also bringing freshness, vibrant colours, open ceiling offices and at times industrial & contemporary outlook to an office. The Location Advantage of Smart Offices EcosystemIncreasingly, commuting to the building is being planned with more sustainable transport systems with low carbon emission, and thus less stress on the city infrastruc-ture and environment at large. Also, shorter distances to work from home contribute to lesser em-ployee fatigue due to commuting. Therefore, location of the building closer to metro stations or in closer proximity to metro stations so that they can be connected via shuttle services becomes very important. Gradually, as a trend, commute to work will also shift to shared trans-ports like Uber/Ola and there will be a reduction in employees get-ting their own cars to work. In Cybercity Gurgaon, the rap-id metro connects all office build-ings at a walking distance from the metro. In Cybercity Chennai and Hyderabad, our developments are about 3-4 km from the metro, and thus we operate shuttle services to the metro station. In addition, proximity to residential areas is equally important for employees coming directly from home by their own transport. This also helps companies to keep their cost of transport low.
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