One of the interesting real estate news in the recent times is that, Bangalore Metro Rail Corporation Ltd. (BMCRL) providing office space for the start-ups in five of its major stations. Yes, if everything goes well, we’ll soon have start-ups operating in metro stations of Bangalore.
UA Vasanth Rao, the General Manager of Finance at BMRCL says that the companies will have to bid for 31 office spaces of 100 sq. ft. to 4000 sq. ft. with the price ranging from RS 35 per sq. ft. to RS 120 per sq. ft. (price depends on the stations). And, the five metro stations to have office spaces are Baiyappanahalli, Indiranagar, Trinity, Vivekananda Road and Halasuru.
Not workbenches, but proper offices
Currently Bangalore Metro Rail Corporation Ltd. has 31 operational stations from Baiyappanahalli to Mysuru road (18 km) and from Nagasandra to Sampige road (13 km). Having some good number of operational stations, Pradeep Singh Kharola, Managing Director of BMRCL says that they have crafted the space for start-ups and ecommerce companies. He also says that, they aren’t some workbench projects, but proper offices for start-ups.
It looks more like encouraging the start-ups to set their offices as BMRCL is also being flexible in terms of criteria (one such thing is related to net worth). Pavan Sheth, a system engineer employed with workbench projects says that, many start-ups are already visiting the makerspace, as the rents for office spaces in the city are very high. Office space rent has been the biggest problem for most of the start-ups these days, and if they get a space for low price, a huge problem is solved.
Shashank Somanna who has been running skating classes at Swamy Vivekananda Road
metro station for the past 9 months has said that, the rent is very less when compared to other places in the city and it’s good to start with, as numerous people pass through the metro station every day.
Will it work for start-ups?
Earlier, BMRC had given a statement saying, there are a few stations that cannot be given to companies for commercial activities. It was just that, they wouldn’t have got good rentals as there was very less footfall in the metro station when the service was started. Now the case is different, and many entrepreneurs are interested to start their office in metro stations. But the question is will metro offices be able to reach up to the employees’ expectation from workplace?
There are both pros and cons associated with having your office at a metro station. As already told, footfall is the primary thing as there are numerous people who pass through the station every day, and the company gets a great exposure. Also, it’s easy for your employees to reach office on time, as it’s in the metro station itself.
But what’s been the concern for most of the entrepreneurs is the productivity and efficiency of the employees. Will the employees really be able to be focused on their work? We all know how busy the metro stations will be; what disturbs employees the most is the environment with trains passing around quite often! It’s really a point to be thought of.
However, there are plenty of fully furnished and inexpensive office spaces in Bangalore. All you need to do is to seek help of an expert commercial real estate agent who can help you find an amazing office space for your business. Ultimately it’s the employees’ efficiency and productivity at the workplace is what matters.