7 must-have amenities for Good Office environment

There are diverse factors that can influence your productivity. But, nothing is higher impactful than your actual business or work environment with innovative office amenities you offer in your office space. After all, it can influence your power to make decisions, your mood, and more than that even your physical health.

The working atmosphere with creative office amenities for yourself or for your employees or the work environment that you live in day-to-day is critically significant. In company or organization, we optimize everything with regarding production and finance as per demand and supply. But we should also consider it vital to build surety that your work environment and the atmosphere are optimized to boost your productivity. So let us consider a few important points to consider before transforming the workplace as per the comfort of your employees to boost maximum productivity and their well-being simultaneously.

1.Light

Be it industrial or office settings, appropriate lighting initiates all work tasks more easygoing. People get about 85 percent of their data through their sense of sight. Proper lighting, without glare or shadows, can reduce eye fatigue and headaches. Allow natural light to enter the office space as much as possible. Researchers have found out that, A person working in natural lights stays on-task for 15 percent longer when compared with a person working in artificial light only. Also these days we have varied options of light available like LED, that is energy saver in terms of cost and simultaneously providing warm light. You can also think of installing an automatic ON/OFF system when not in use.

2.Interior Colors

What you pick for your office colors can have an exciting impact on your clients, employees and other visitors. These effects are instinctive, creating either a good or bad perception of your business.

The colors you apply in your office space should vary with the nature of business being conducted in the office. Your image is being pitched, and decisions being made, the instant your door is opened. The best color choice for your office colors can assure that your vision is a positive one.
Corporate and further serious sorts of businesses such as bankers, accountants, lawyers, and financial experts often apply natural colors, such as creams and beiges, blended with wood grain finishes to form a refined and modern look, but these colors can also give the impact of being boring and safe and dull. Choose the best colors in your office. For example, yellow is perfect for creativity, while muted colors are relaxing and soothing.

3.Creating Nature

Plants and Greenery are very soothing to every human being. So when an office interior incorporates plants with their interiors it enhances the mood and generates greater productivity from employees. Working in an ambiance that seems close to nature creates positive vibes and directly impacting productivity.

Install plants throughout the office and let your crew beautify their areas and personal spaces as they like. If space constraints are not there then, you may also create break-out space like an amphitheater type of steps with seating for informal engagements.

4.Rapid access to public transport

Determine a location for your office space on rent or ownership that allows easy access to public transport to avoid the use of personal vehicles by employees lessening the pollution. This will indirectly reduce carbon footprint. These days traveling is a major crunch that every office goer faces. An ideal location is the one which allows all types of transport accessibility-Bus, Rail and Road. Lesser the time to travel gives enough time for dedicated employees to utilize it for the company and more productivity.

5.Fitness Facility

Nowadays people have become very health conscious but the time constraint and work pressure always act as a hurdle. So if such facilities are provided in the office space, they can utilize the service either while coming or leaving the office. Activities like riding on the stationary bike during your breaks or even a meditation room may help enhance their concentration.

6.Creating a pollution-free and environment-friendly atmosphere in office

A pollution-free environment is also must to improve the health of the employee and for that, an environment-friendly atmosphere is a must. Waste segregation is one of the important initiatives for this. So office space should install separate bins for wet and dry garbage. In fact, to move one step ahead we may also install separate bins for plastic garbage as well.

7.Comfortable Workstations in Office Space

Adjustable workstation promotes wellness in the workplace, allowing users to adjust and modify their working positions from seated to standing. A sedentary lifestyle is the root cause of various diseases. So with seating position flexibility one can use the workspace more comfortable.

Conclusion

The physical environment and conditions of your workplace play a role in your productivity. It may be time to give your office a much-needed overhaul, or even a facelift.

Finding office spaces on rent for just a few hours has always been a tedious task. Myrsa will help you make this process easier. Find office spaces on rent on a temporary basis on Myrsa.

September 10, 2019 0

Holiday Homes-Emerging real estate segment in India

With a growing number of second-home buyers instantly opting for holiday apartments or homes, in this article we will be having a glance at the benefits that this segment gives and the areas or location that holiday home buyers prefer to invest in.

Invest in second homes, is basically motivated by a section of buyers, who would like to seek profits out of real estate investments or keep it for prestige. Nowadays we Indians have been investing in second homes for quite some time, but people these days are currently shifting their attention to something which offers them more personal utility, like a holiday home for a short vacation.

The holiday home provides them to experience the additional benefit of a weekend holiday at an owned space. Further, such properties also give the option of temporary vacation home renting to other people by listing space on portals providing such temporary rental options like Myrsa. And indirectly earning extra income from the tourism potential of the property address. Homestays as holidays have grown a profitable market, now.

Indians who purchase holiday homes, lead to having greater disposable earnings and belong to middle and top management groups. Such buyers are usually in the age category of 35-45 years. The motive behind investing in a second home is either for investment purpose or weekend getaways or short trips for relaxation. With workload increasing day by day in corporate life, people prefer to relax in some location that’s just drive through or easily reachable and scenic too.

In this article, we will be discussing various options available for different cities in India and their adjoining locations that can be one of the options to choose from.

Related Post: 5 Steps to Increase Conversion and Rent Out Your Property Faster

Mumbai

For Mumbai and Pune residents, some of the favored locations are Lonavala, Alibaug, Karjat, and Goa. Lonavala has been by far the favored most locations because of its or its greenery and pleasant atmosphere and easy connectivity with Mumbai and Pune residents. Also, there is a large number of properties in the pipeline for row-houses and bungalows, from leading developers providing good construction work. There is also a healthy demand for open plots, in Lonavala which some people choose to buy and build their own rowhouse or bungalows.

Alibaug is also a preferred area for Mumbaikars as it has easy accessibility both roadways and waterways like ferry who prefer coastal areas. Karjat also offers affordability and serenity as its primary USPs.With the temperature prevailing comfortable round the year, it draws people from Mumbai and Pune. Increase in the tourist base and gaining interest in activities like rappelling, kayaking, and boat rides promise attractive returns to investors and second homeowners. Also, such locations mentioned providing a good opportunity for temporary renting to people who wish to have weekend getaways during long weekends

Delhi

Delhi being close to Haryana and Himachal Pradesh, which hosts India’s best hill stations Shimla and Dharamshala. The tourism has given a boost to the real estate sector in Himachal Pradesh. The first one to see real estate boost, Shimla’s realty sector has now reached a saturation point as options available now are far from the city in the outskirts. So buyers may consider upcoming destinations like Manali, Kullu, Chamba, Chail, Dharamshala, Kasauli, and Solan which offer numerous residential options that’s close to nature and scenic with easy availability of essential amenities.

Chennai

When we look at the southern part of India, in the south, Puducherry is a favored destination for residents of Chennai and it has many second home choices available, from regional and national developers. For buyers located in Bangalore, Mysore is the favorite location to choose from as its scenic and easily reachable to them.

Kerala

For buyers residing in Kerala, which has also emerged as a popular destination of late. When you are aspiring to buy an apartment for a secondary purchase, carefully pick the location. There are several places in Kerala that are gifted with scenic beauty, like Kovalam, Kochi, Munar, and Alappuzha that experiences that higher count of the travelers. Try to pick a property near these places.

Lets Conclude

Nevertheless, not everyone can locate an ideal alternative close to one’s home. Price factor and the lifestyle quotient, also act significant roles, when hunting and exploring for a second home. Purchasing or Investing an affordable home nearby or neighboring to the workspace or a bustling marketplace, may also not be feasible, when it comes to locations for holiday homes in Major cities like Mumbai, Pune, Delhi, Chennai, etc. Consequently, while the mindset towards holding a second home is gradually evolving, people are seeing for innovative concepts that give affordability, ROI and also lets one enjoy holidays at their own homes, in between. Also, leverage and earn from second homes, occasionally when demand is more especially during long weekends

August 28, 2019 1

Micro Apartments-Redefine Real Estate Trends

The studio apartment is an international concept, but it is currently gaining momentum in India due to the young professionals primarily in the IT and BPO sector. Spacious and high-end apartments being beyond the budgetary limits of the salaried class in major cities of India have a limited clientele. The concept of studio apartments in major Indian cities gained in prominence due to their lower price as well as the space constraints in these cities.

Let’s Understand Studio Apartment-

It is a small apartment that combines a living room, bedroom and dining room into a single large room. A kitchenette may either be included within this room or in a small separate room, with a small bathroom as well. Such an apartment is also known as an ‘efficiency apartment’ or ‘bachelor apartment’. They are generally occupied by one or more bachelors or a small family. The size of such apartments generally range from about 400 sq.ft-600 sq.ft. The easy connectivity to the office is the well-suited reason for the growth of studio apartments.

There is a major difference between studio apartments and 1 bhk flats although there has been a spurt in demand for affordable living spaces, especially in the metros, and this has led to the commonly accepted culture of the studio apartments’ concept. Although this minimal living style has been popular in the West, it’s fast catching up in India now.
Globally, there is an increasing demand for micro-living. A micro-home or a micro-apartment is a self-contained, single-bedroom unit, mostly meant for single occupancy. Such micro-apartments are mostly in trend in Metro catchments and are gauged anywhere between 50 and 350 sq. ft. These small -size posh apartments are well entrenched across European and Asian countries, where students and young professionals explore economical shelter close to their university or workplace as well in closeness to the entertainment hubs in the city.

Micro-Apartments An Economical Residential Option-

As a concept, micro-apartments in India are set to redefine studio and one-bedroom units. For years, studio apartments and one-bedroom units have been an economical residential option for singles and young couples who are willing to compromise on space to own a house in a convenient location, rather than pay high rentals or take out huge loans to afford bigger houses. However, micro-homes are not just about affordability. What makes studio apartment different is their design and the fact that they are furnished with all the modern comforts and amenities and are at a prime location. These units, designed to offer privacy with a separate bedroom and kitchen, make it popular with small families too.

Growth Of Micro Apartments-

Mumbai has been the front runner when it comes to the concept of micro-apartments and has seen offerings as small as 189 sq ft., going up to 320 sq ft. Amidst soaring realty prices in the space-constrained metro, these micro-units give young working professionals their best shot at owning an apartment in a central locality, without compromising on their lifestyle.
The micro-housing market is also seeing a spurt in demand in cities such as Bengaluru, Gurugram and Noida that has a large migrant population of working professionals with an annual income of more than Rs 8 lakh. mainly among the younger generation, which prioritizes location and lifestyle over space, micro-homes have huge potential in India, given the fact the country is the abode of around 440 millennial.

Millennial Approach Towards Micro Apartments-

The millennial population is not just expanding in size but is also multiplying its economic footprint. Research has also indicated that around one out of every 10 millennial in India plans to purchase a home before a car. Additionally, millennials prefer to spend on rent rather than buying a house in the coming years because they spend most of their time out of the house, working or attending classes. Hence they opt for Studio apartments. These apartments are smaller in size, so cleaning and maintaining the house is easier. These apartments provide privacy. Also the cost of designing and decorating these apartments is lower.

Approach Of Real Estate Developers-

Many Grade-A developers require property management software, to manage such multiple projects as they are coming up with housing concepts that are custom-made for Indian millennials, specifically singles, young couples, and students. These offer all the modern amenities and facilities that large-scale luxury residential projects offer, including a clubhouse, community sports facilities, 24/7 security systems. Many of them also have value-added services such as concierge and room services that can be availed on payment. Having a small space it makes the millennials live with less and keep the things which is essential this kind of space management is other wise a goal for many to achieve.

Apart from end-users, micro-apartments are also attracting the investor community in big numbers. Globally, data has suggested that rental returns in micro-units are generally higher than regular apartments. With the exceeding growth, the developers look for property management solutions for managing such varied properties.

So one such solution available is Mpower which is a Best Cloud-Based Property management software to manage multiple properties The higher returns stem from robust demand and better utilization of the available resources. Likewise, the rates of appreciation are also expected to outperform larger-sized units. As it is a light investment, the entry barriers are limited and it can also be liquidated easily.

August 22, 2019 0

How to monetize Fitness Space by using it for various Dance forms?

Dance is becoming popular not as an Art Style but new fitness mantra. In olden days dance was just practiced by people who loved or had an affection towards various dance forms like Bharatnatyam, Kathak, Kuchipudi, Lavani and so on. Such dance forms varied in India from state to state. Like, Maharashtra is famous for Lavani and Kerala for Kathakali. Dance is now being treated more as a fitness formula and an also becoming more popular as fitness business idea than just an art.

India is transforming 360 degrees and this transformation is bringing positive results in the lives of people. We are these days leveraging facilities of space in our areas like society clubhouses on rent, halls, garden areas or lawns that are best places to conduct Yoga classes. Such spaces are also being used to conduct fitness activities like Yoga, Zumba and so on. In this article, we will be highlighting such dance activities which are now being taken up as fitness or workout activities with various age groups and.Let’s discuss different forms of Dance Workout Routines.

Related Post: Essentials to Open a Dance Studio

Aerobic

Aerobic workouts are amazing and the most popular forms of exercise for a decade as Fitness spaces for rent are readily available. Dance is an aerobic exercise, conducted in a similar form as other aerobic classes. While the dance technique may differ, class structures are more or less the same. Generally, class begins with a warm-up session, which may go on anywhere between 5 to 30 minutes and involve exercises to raise your body temperature and flow of blood in the body, and stretch your muscles. The warm-up period will transform into a rigorous dance routine aimed to boost your heart rate and get you pushing and sweating, concluding with 5 to 10 minutes of cool-down exercises to further overcome and lessen muscle soreness.

Jazzercise

Jazzercise is a perfect dance-fitness routine and one of the numerous well-known dance workouts these days. These hour-long sessions mix jazz dance with strength training, as well as Pilates, yoga and also some parts of kickboxing, all set to today’s popular music, from favorite Top 40 songs to country and everything in between.

Zumba Classes

If you are hunting for an upbeat and intense form of exercise, look for Zumba class locations, belly dancing, salsa dancing classes. Zumba is being taken as a profession by many people and evolving as fitness business ideas. Zumba, for instance, is a workout performed to a Latin beat. Such sessions will have you sweating to hip-hop and other vigorous and energetic music. It mixes calorie-burning cardio exercise with a core muscle exercise and interval coaching to maintain and help tone and sculpt your body.

Yoga Classes

For people who are in search of a different type of intensity in their dance workout, watch for Yoga Trance Dance. Yoga Trance Dance is a free-flowing activity that mixes yoga postures, meditation, and free-form action leading into combined energy. Nia is another type of workout is made up of 52 movements that mix dance, martial arts, and remedial arts, and it manages your core muscles and upper limbs.

Ballroom Dancing

Ballroom dancing might not be the like the most vigorous and strenuous aerobic dance to do, but it is surely having lots of benefits. It is a reasonable activity and is promoted throughout the world. The only downside with this type of dance form is that you cannot simply do it alone, you need a companion. You need a partner for the purpose. Once you have discovered someone to dance with, you are certainly going to have a fabulous experience that is combined with exercise. This type of dance helps to tone muscles, burning calories, great for bones and increases confidence. So ballroom dancing should not be underestimated since its slow but works excellent as a form of exercise.

Belly Dancing

Belly Dancing is elegant and fascinating. It developed from Arabic countries such as Egypt and Turkey many years ago. The name is totally western and is a single and solo dance style where body articulation is a must. There are various forms of belly dancing, and each one has its individual style. It does come under the level of aerobic dances and is practiced these days in fitness classes too. Reason of it becoming popular day by day it because of its host of benefits like it helps with a new experience and simultaneously improves your fitness level.

Dance-fitness classes are accessible for beginners, intermediate and advanced fitness levels. Just search on the web – “yoga class near me” or “fitness class near me”, you will get loads of locations available around you conducting such dance classes. Some provide more of a workout than others. You can select the perfect dance style that suits you.We at Myrsa provide a platform to people looking out for temporary spaces for rent to conduct various fitness classes.

August 21, 2019 0

Why New Generation Prefer Renting Over Buying A House!

With changing trends and technology today’s generation has different thoughts as compared to their parents and grandparents to owning the house.
As you drive through any Indian metropolis, you will surely come across with giant billboards selling the dream house in swanky high-rises with all modern amenities, but generation, of today, is not too keen to buy a home of their own.
There are various reasons for such behavior that includes personal preference and economic deliberation.

The Mindset Of New Generation-

Interestingly, a new generation has come to a shift in value and culture. Nearly 40 per cent population of urban India in top 8 metro cities lives on rent, which increase the demand for good rental properties every year. As a new generation, millennials have a very different thoughts on home ownership than their parents or grandparents. Youngsters, as well as working couples, have many other priorities that contribute significantly to the growth of the home rentals – with such exorbitant annual rents in the top cities, however, one of the most important aspects that distinguish the current generation from its previous one is that they are focused on utility and experiences rather than ownership. Thus, a rented home located very near to one’s office place with good connectivity and stable connection is very much desirable to a young professional than an owned house located miles away.

The EMI-to-rent ratio-

One of the considerations when buying a property is of course affordability. The rent of a certain property is always less than the EMI one would be paying. But when the difference between EMI and rent is not much, then there is a chase for buying the property EMIs help in building an asset. In India due to a relatively higher price of property, the EMI ratio is very high as compared to renting a property due to which staying on rent is more viable than having the owned house.

Co-living space-A new trend-

While renting house is getting more organized, the fact that millennials prefer sharing to ownership and are shying away from home ownership in favor of renting this has given rise to the concept of co-living spaces. Based on the ‘plug-and-play’ model, co-living helps the residents share amenities like wi-fi, phone, housekeeping, laundry, water, entertainment. Also, they share a kitchen, bathroom, living areas, and pantry. It’s like a home away from a home.

With property prices rising in gateway cities, co-living offers residents shorter and more flexible lease terms compared to ready-to-move-in convenience. Along with that comes additional benefits like electricity, water, gas, all-inclusive with the rent. Hence, millennials are willing to pay high premium for their stay in an organized set-up as this saves them from chores like separate bills payments etc.

Given that demand is increasing and there is a relevant supply too, this shows that co-living space is set to grow significantly in the future.
‘Generation rent’ is thus a phrase that is apt for millennials and the real estate industry needs to be well equipped to adjust to this new paradigm.

Making The Millennial Connection-

The millennial consumer also wants to enjoy the modernized, tech-driven rental home-seeking experience. Indian millennials are wired to go the online way for home renting, They use the internet and love to research they know the popular websites and the information they are promoting.

When millennials find a home that interests them, they look at both the street and aerial view on Google Maps. They pore over any photos or 3D virtual tours.Younger consumers will also use the internet to research their agent. Consequently, they demand an agent who is demonstrably smart and resourceful. Reviews and referrals from their peer groups matter to them hence using those reviews, they will decide if you are worth their consideration.

Communicating With Millennials-

Millennials tend to be less patient. They expect quick response time to their questions and concerns. Being attentive to their communication preferences they prefer to text or phone and act accordingly. The property management software should contain up-to-date and comprehensive information where they can learn more about the local market as well as the buying and selling process. If your clients are buying property their first home expect many questions. One should have complete knowledge of the local market to build the trust. So the property management companies should be very expert in addressing the clients requirement and supporting the clients in all the aspects of buying properties on rent also generating a back up for resource information that customers require, so they can access for themselves.

As we move into the future, younger generations of home buyers will share millennial characteristics. millennials will be the dominating generational force in the housing market. You can wrestle with that fact, or you can embrace it and figure out a way to keep up with this cohort of home buyers. Be honest and sincere, authentic, original and empathetic. Demonstrate to your potential clients that you stand for something greater than yourself. It’s important to help them maximize their time, efficiency and money while minimizing their risk.

In order to leverage the right property to the customers the Real Estate managers need to have an online platform which can resolve the customers queries thus MPower is such a online platform to assist the Real Estate companies and manger to manage their properties and guide their customers in right perspective.

August 13, 2019 0

How IoT Is Revolutionizing The Real Estate Sector

Today’s world is technology-driven, you think of anything and it is backed with IoT in some or the other way. With such a high demand for AI and IoT, even real estate sector is highly influenced.

Internet of Things (IoT) and Artificial Intelligence (AI) are the buzzwords in a technology-driven world, even real estate developer are deploying this to their upcoming properties to influence the home buyers Developers are working towards the automation of products to their new developments. Earlier due to the huge cost of technology such advantage could not be provided to the customers but now as India is also a technology-driven country so there is a reduction of cost factor even the deployment cost had gone down due to which application of IoT becomes smooth.

Real estate today is no longer confined to a brick-and-mortar structure with developers constantly looking for ways to offer value to their customers. It has evolved into creating a healthy environment for people to live, work and play, thereby improving the health and quality of life of households in India

Related Post: 5 Steps to Increase Conversion and Rent Out Your Property Faster

Wifi which is now the necessity of every house enable home automation products like video door panels, sensor-based light and video-based security and surveillance systems, automatic management of home appliances, air-condition, television, geysers and other such electricity appliances the entire home automation is controlled by a single application which is slowly becoming part of new development, especially in the metro areas.

MPower, a real estate management software has been working with developers and property managers to manage their multiple properties and thus it had influenced the business functionalities.

Real estate industry completely runs on raw materials like bricks, cement, iron, steel and more. To understand the inventory, agents can keep track of the stock availability at the sites. Tracking of materials helps the real estate companies to avoid the unnecessary wastage of material hence cutting down the unnecessary cost on material and investing the money wisely. Such tracking of materials can be wisely done by IoT application.

Not only this even the decision making also have great impact with the IoT usage better decision making can be taken by customers or property managers. The devices provide valuable information that realtors can leverage to improve sales. An in-depth, predictive analysis of the home serves as a “report card” of the property’s value. Agents can provide this information to prospective buyers to boost their confidence while making the buying decision.Instead of wasting time by seeing the property multiple times for consideration, prospective buyers can use accessible, informed analytics to make quick and better decisions.

Related Post: Ways to Improve your Real Estate Customer Experience

IoT applications will keep booming and molding the real estate industry in innumerable ways. When selling a home, agents ought to think about whether the home is IoT enabled or not for the offer. It will likewise be fundamental for agents to analyze how IoT innovation can enable them to expand their own activity proficiency and create leads.

Infrastructure flaws are not noticeable if a building is newly built. Though, all buildings will age and require attention for its maintenance. IoT helps developers give the assurance that buyers need before signing the agreement. The predictive technology will help tenants identify and address infrastructure flaws over time. By using IoT enabled sensors and real-time energy monitoring, tenants can track any inconsistencies that come up and schedule for maintenance automatically.

Even commercial real estate also see changes in its operations due to IoT usage. The devices connected make it clear who is responsible for the particular task. Due to such a system, last-minute changes can be made even so there’s less confusion for workers regarding their directives. They can be designed to connect all of the major systems in the facility. like HVAC , lighting, etc IoT can show how the building’s units function as a whole.

Leveraging IoT applications in commercial and residential real estate can lead to cost savings through better operations. This works more apt when the managers have all the operational data with them this further helps to make changes to reduce pressure on their equipment. Such in-depth reports lead to less maintenance and replacement costs.

Commercial tenants can also use IoT to improve their businesses with property management software which led to greater efficiency and employee satisfaction, tenants may raise their business’ profile and potentially the profile of the area through IoT. Building owners can’t mandate certain technology upgrades for their tenants. However, they can educate tenants to the power of IoT for better business benefits

Real estate has always been a lucrative option for investors. However, technology has begun to change the expectations of commercial real estate, and it’s likely to keep growing on this path. Owners and investors who understand how the advancements of today will impact the profits of tomorrow stand the best chance to sustain in the future.

IoT has already begun to increase efficiency in construction, building management, home buyers and tenant satisfaction. such capabilities and IoT features will continue to grow and adapt to new building needs in the future.

August 8, 2019 0

Ideal Food Festivals in Mumbai for your Food Business

It is so amazing to see the growth of the food and hospitality industry in the last few years. Now it is not just the big brands that are leading them but smaller food startups are taking over the lead.

Mumbai is said to be the prime city of India. It is said that one can find the whole country here in this small city. Mumbai being the economic capital of India, food business has thrived overseas. To celebrate the ultimate love for food, the people from the city which never sleeps enjoy Food festivals at a huge scale. Various Food festivals are organized in Mumbai, people are fond of attending them on a large scale because who doesn’t love food? It is one of the best profitable businesses by arranging the in-demand food festivals.

Food festivals like any other festival are done for promotional activities. What’s interesting about these festivals is that they give equal opportunities for small and promising startup brands.

Above all these, it is like an opportunity for upcoming brands to learn and observe how larger and established brands that their customers that they stand out from the crowd.

There are so many food festivals that go on in India itself and every one of them has their unique touch to them. While some fests have restaurants others have famous street foods and local foods that people love.

As it goes food fests are not just for copying the other brands but also standing out with their uniqueness. They need to have their identity the one which will be remembered for, something that defines it that cannot be recreated by anyone.

Food fests are also great for brands that do not have a huge budget to promote themselves. This is a great way to get out there and reach potential audiences at low cost. People can know about the various things in your menu and also get a taste of them. These festivals are covered by foodies and so it becomes a great way to promote your brands. Myrsa is an online platform which helps brands to connect with these food festivals. Businesses can find spaces in upcoming food festivals and can promote themselves for a few days.

This can also help you make extra income if you cater to the interests of the people. It can help with interaction with the brand and you can get to know how well your competitors are doing.

Here are Top 3 of the Food festivals in Mumbai which you will love to attend if you are an ultimate foodie:

The Grub Fest

Grub Fest is a perfect example of food, entertainment, and fun. The fest includes an innumerable variety of food, beverages, drinks from different parts of India, Dance and Music performances. Many of the famous restaurants also host to take part in this fest as it is one of the most popular food festivals in Mumbai. Not only that but it also consists an organic food market, where all fresh and organic food is sold. The Grub fest is an all in one fun package of Food, Music, Dance, Fun all together. Visiting this festival will not make you regret it at all.

Bhukkad flea

Bhukkad is a Hindi slang word which is addressed to people who are always hungry, and if you belong in that slang group Bhukkad flea is the place for you. Basically, it is a unique meeting ground for foodies from all over Mumbai to celebrate the love for food they all have. The flea is mostly organized for home chefs who would like to display their skills, and amaze the crowd with their cooking magic. Also for street vendors, small eateries, and food start-ups. There are live music shows which keep the crowd in a great mood and help to spend time with their food. At this awesome flea, one can taste 100 different types of food in one platter.

Itsy Bitsy

The main purpose of this unique food festival is zero-wastage. Itsy bitsy allows foodies to enjoy a variety of food while reducing waste. Most of the food stations set up here are from renowned Mumbai’s eateries, with their specialties. The most fun part about this festival is that the food available here is of bite-size, meaning the plate size eatables are served in bite sizes which makes it more appetizing and cute. Here the remaining food is not wasted as it’s main motive is zero wastage, the rest food is donated to Roti Bank and Robin Hood Army. These are the organizations that supply surplus food to the unprivileged.

Food festivals bring a massive crowd together. This results in advantages of promotional, establishment and start-up activities. This also helps you create relations with other associates and clients which can last for very long years and can be profitable in future. Organizers play a crucial role in food festivals as it reflects the background and personality. Once a food festival is loved and visited in large population by people it is a success and profit for the organizers. The arrangements, space, promotions and stalls are the centre of attraction. Space is the prime factor of a food festival, as everything depends on that. A spacious food festival is always the best and most attracted as the visitors get to enjoy their food love and time together at its fullest.

Launching your own stall at any of these fests will make people aware of your brand name and services in the market. Along with all these, you get to create connections with other associated and clients that can last for long years.

Keep in mind that you are not alone in the competition and so you should not act like one. There are many other people and companies that are willing to create their own identity in the market. With such food fests, you can achieve your desired results in less amount of efforts. Find spaces in Food festivals in Mumbai with Myrsa and let your brand grab the right opportunity.

August 6, 2019 0

What’s Better? Coworking space vs Serviced space.

With the growth of businesses and entrepreneurs in our country, the need for flexible office spaces is also rising high. These concepts are very popular among small startups but now, larger corporations are stepping towards the concept of shared office space to provide their employees with a better and comfortable environment. There is a potential for tremendous savings in the operational costs with shared office spaces. Two of the most popular shared office space concepts are co-working space and serviced office.

1. Basic Definition

To understand both concepts of shared office spaces we will have to start with the basic definition first.

Coworking spaces refer to an office space that can be used by freelancers, entrepreneurs, businessmen or a team who are willing to work in a regular office space rather than in isolation of their home office. This kind of workspace is very flexible and it offers various types of facilities and services which are according to the needs of the business. Some websites that provide you with coworking spaces are We work, Awfis and also Myrsa.

Serviced office are those building in which each company has an individual floor or an individual office to themselves on rent. These buildings come under the regulations of a facility management company. These offices are mainly known are business centres or executive suites. In India, there are many companies that provide serviced office spaces.

2. Privacy

As co-working spaces are something that is a space inside one office, maintaining privacy becomes a bit of a concern. This is because there will e people around discussing their projects and walking around in the space. Everyone has a common space but if you book a space like a cabin to yourself then it will be much better. People who work in coworking spaces should respect and maintain decorum for everyone to work efficiently.

In a serviced office space, each company has the liberty to work inside their own respective offices. Businesses are able to maintain their own rules and regulation inside their offices and every startup or company can work peacefully in their own environment. Thus the privacy of each company can be maintained well.

3. Community Events

Coworking spaces organise events usually to keep the employees motivated from time to time. These events help in networking and also relaxing from work for a short amount of time. Entrepreneurs and freelancers get to discuss new ideas and this can help them a lot for the creation of bigger ideas and collaborations.

Community events are not held so much in serviced offices as they have their own individual workspaces. This reduces the scope of interaction with other companies and other organisations. They have their internal events in their offices from time to time and every company can differ in such events.

4. Agreements

Agreements in coworking spaces are on a temporary basis. They offer a lot of flexibility to freelancers, entrepreneurs and companies who rent out the spaces. It can be according to the requirements like the number of people and how long will they require it for. A coworking space can be booked for a few hours, a few days and even for a week. Usually, it is rented for shorter periods of time.

Companies that are going for serviced office need to pay rent on a monthly basis. Unlike coworking workspace, these are leased for longer periods of time and for companies having a larger group of people. The lease period may start from a month and may go up to a few years. The rent amount of this office is also much higher than that of coworking spaces.

5. Extra Amenities and Extra Space

In a coworking space, entrepreneurs have additional services like a game room or a resting room and this will include inside the particular rent amount. There are usually extra spaces available for entrepreneurs they can make use of the additional features that are there in the office. This can help reduce stress and can provide a comfortable environment for the business owner.

In a serviced office as the company has its own space they use it for the accommodation of every employee. They usually do not have extra rooms available for the employees. Every office has the same layout in these business centres and it depends on the individual office how they utilise it and how they would plan the interior. However, some services are that they have managed reception and maintenance facilities and security services available.

Now that you are well aware of both of these spaces. Decide on what suits you the best. Renting out spaces on a temporary basis and searching for spaces in a different location can become a tiresome task. Myrsa helps you with this. It is an online platform for short term renting of office spaces. You can decide the time and space required and search through various options and start working in your own office.

August 1, 2019 0

5 Steps to Increase Conversion and Rent Out Your Property Faster

In a world where customers demand reliable and instantaneous information, on-demand services are on a rise. You can easily access an ocean of information on your fingertips. Anyone can stream their desired TV shows, book a cab for a quick errand and catch up with world news just with a few clicks.

It is important for the real estate industry to keep up with the pace of the on-demand economy. This economy is sure to revolutionize the trends of the industry on a large scale. Customers will expect quick solutions when it comes to property.

Potential tenants desire responses regarding property listings the same way they desire everything else – fast. From quick replies to follow ups, here are five steps to be taken to increase your lead-to-lease conversion rate and rent out your properties faster:

1. Respond to queries as soon as possible:

The early bird gets the worm. Be quick as a cat when it comes to replying to customers. We are talking minutes instead of hours. Studies suggest that you have a 40 percent better chance of engaging with your customers if you respond within the first 1-2 minutes of the inquiry being made. And if you thinking that waiting for even 30 minutes is not going to affect your chances, you are going to lose about 20 percent of potential renters as they will have moved on to other listings.

The least you can do to keep the customer hooked is acknowledge their inquiry using Artificial Intelligence (AI). Innovative technology has made it possible for you to reply instantaneously to queries. Moreover, you can program the AI to answer frequently asked questions and schedule showings of the property.

2. Qualify Leads

It is of paramount importance to figure out if the property the customer is interested in is the right fit for them. You would not want to offer a smoker a smoke-free property or a pet owner a space that isn’t pet-friendly.

Setting up a criteria that filters the renters who are not fit for the property saves both your time and theirs. When you list the property, you should include as much information as possible before they reach out to you. Even after they have contacted you, ensure that the expectations they have from you match with what you have from them.

If all is well and good, you can proceed to the next step that is the showing. If not, you two can part ways or you can offer another property that will be best suited to their needs.

3. Cross-Sell

Do not rule out a renter if they are not a good fit for the property they inquired about. Instead, offer them to check out other properties you own or manage. Cross-selling allows you to turn more leads into leases.

To do so, you can by figuring out their requirements by the questions they ask or by redirecting them to the listings of other properties owned or managed by you. If you are successfully able to get the customer interested in the space, schedule a showing.

4. Follow Up

Following up is the most important step to converting leads into renters. However, property managers assume that one follow up is sufficient after the initial point of contact to keep the customer engaged. Contrary to that, research shows that following up five times within four days of the inquiry is the ideal conversion ratio that ensures you get the most out of the query.

Contact them the same way they first contacted you. If they sent you an email, reply them back. If they made a phone call, ensure that you call them back. Send follow-ups emails stating the important points covered in the conversation. Moreover, you can ask them about their feedback or if they have any further questions regarding the property. Enabling multiple touch points makes the customer think you are interested in renting out the property to them.

5. Lease Online

With the proliferation of technology in all walks of life, it is about time you moved your business online. If you still rely on screening through submission of applications – consider digital leasing.

Research on a platform that lets you list all your properties and allows customers to get in touch with you regarding the space they like. Additional features that will boost your business is accepting payments through the same platform. This lays out the foundation of managing everything from one place. By switching to a digital method you will not only save valuable time but also fill vacancies faster.

MPower is one such platform that allows you to list your space inventories, accept inquiries online and earn effortlessly. You can also link your bank account and receive money into your account after you complete a booking. MPower lets you keep detailed records of your business to let you resolve issues of property management and finance.

Make the most of these five steps and you will see that letting your properties stay vacant will be a thing of the past. Utilize your time optimally to increase your cash flow with MPower.

July 30, 2019 0

Factors To Consider When Buying Or Renting Warehouse Space In India

Business Growth is extremely exciting and dreams fulfilling of every business owner. With your business growth, there comes an expansion plan as well which require a warehouse space. So before you require much large space for holding or dispatching your goods there are certain factors to consider while buying or taking a warehouse space on rent.

Traditionally one of the most ignored sectors in logistics, warehouses have now developed into sophisticated stockrooms with advanced, real-time tracking mechanisms and other state-of-the-art facilities, which have been instrumental in shaping the modern economy. Thus it had evolved from traditional godowns’ to the modern setups which have a complete suite of the warehouse management system. Now the trend is changing and there is a great demand for warehousing and logistics especially from tier-II cities like Jaipur, Ludhiana, Lucknow, Guwahati, etc

There are various factors to consider while choosing a warehouse space for your business.

Calculate the space required

Business planning is a meticulous task as it never works on the present work situation. It only works with the estimated plan of business growth in the coming years. Having a thoughtful space planning is very essential for the growth of the business. Space can be a valuable deal only when it is well-calculated else in case of gradual growth it can disturb the financial circle by incurring the extra funds in the space. So a better analysis you have the wiser you will be to make a decision. Thus the storage requirement should be according to the product.

Desired Consumer Base

While choosing a location it is very essential to consider your customer’s location. Your customers should be in close proximity to your warehouse. This will lead to good customer service as well will reduce the cost of shipping thus with the faster and cheap shipping process. This will make your customers happy and more likely they will be loyal towards your brand.

Proper documentation and understanding of Rent term

The rent agreement or lease agreement is a vital document one should go through it accurately before finalizing your warehouse space. Even the increase in the rent amount should be considered if it shoot up the cost will disrupt the financial planning of your business.

Proximity to the carrier services

Make sure your warehouses are near to carrier services as it will streamline the process of shipping your products to your customers. If there is a good balance it makes the shipping process easier and faster as well make customer loyalty. Always determine a reasonable balance of distance between the manufacturing location, warehouse storage, and customer and always evaluate the transportation and shipping costs that go with that distance

Workforce Availability

More than the physical space of the warehouse location it is the demographics that matter. Understand your labour need because people in different locations have different skills and so the price of the place changes accordingly. Always consider the supply and demand of workforce availability.
If the demand of workers is more in that area it will then lead to high salary so such variation will impact the business so having a proper evaluation of the workforce in the area is very essential before opting for warehouse. To research and understand the demographics of the area, research the educational attainment and income levels of the city or state, which can be found on government websites. Understanding the workforce is important because it impacts your employee retention and productivity rate.

Longevity

Consider the longevity of your warehouse location it will impact the growth or shrinking of your business. Always analyze the potential growth of your company and determine if the warehouse location has room for expansion. If your product is seasonal, it is always advisable to consider a location that offers the seasonal renting facility. Evaluate the potential of the warehouse space and plans for longevity.

Taking the advice from the Professionals

It is always advisable to take the suggestion from the experts since every industry has different work condition so with the expert’s suggestion any unforeseen problem can be resolved prior.

Having an apt online platform for managing multiple warehouse properties. With the demand in the growth of warehouse space, there increase the necessity for online property management software,

MPower is one such platform which completely takes care of all the properties from a single interface. Thus providing accurate data analysis.

Choosing a warehouse location require lots of aggressive research work. The location of your warehouse can be mutually beneficial for your company as well as your customers, overall providing a more efficient, effective, and profitable experience for your customers and company.

July 25, 2019 2