Last Updated:
Flexible workspaces of the future are being revolutionised by Special Economic Zones (SEZs), which combine unparalleled connectivity with cost effectiveness.
SEZs are redefining flexible workspaces.
As flexible workspace providers reshape the commercial real estate landscape, Special Economic Zones (SEZs) are emerging as prime locations. The SEZ framework offers distinct advantages, including cost savings and enhanced opportunities for international business facilitation. Companies housed in SEZs benefit from a variety of tax exemptions and deductions, which can lead to considerable cost savings over time. This is particularly valuable for global enterprises and Fortune 500 companies looking to enter new markets or expand operations without the typical overhead of metropolitan areas. Similarly, startups and SMEs seeking to scale find these regions ideal, as they offer flexible, adaptable workspaces that grow with their business needs.
With over 20,000 hectares of land and 100 million square feet of built-up space, these designated zones offer significant growth potential. Developers like DLF and Tata Realty are denotifying select areas, further unlocking opportunities for coworking providers to offer modern, flexible spaces backed by supportive regulations, tax incentives, and world-class infrastructure.
An underlying point is that SEZs are strategically located near industrial hubs, airports, and major urban centers, ensuring optimal connectivity. For our clients, this provides easy access to critical networks and supply chains, enhancing operational efficiency and workforce convenience. The modern facilities within these zones are well-aligned with the needs of today’s hybrid work culture, which emphasizes collaboration, seamless technology integration, and comfortable workspaces.
These business hubs hold immense potential for us as we continue to expand into new cities, as it not only provides regulatory and economic benefits but also an opportunity for us to expand sustainably, integrating green building practices and smart infrastructure to create workspaces that are both efficient and eco-friendly.
We believe that special economic zones offer an ideal environment for coworking spaces, catering to both multinational corporations and local enterprises. They allow for customised spaces that meet diverse operational needs, offering long-term occupancy solutions for large corporations and flexible arrangements for growing businesses or temporary project teams. This adaptability is essential in today’s rapidly evolving business landscape.
(With inputs by Suvrat Jain, Founder & CEO on Onward Workspaces)
