Studiokon Ventures to start ‘Serviced and Managed Office’ services

New Delhi: In line with the current market requirements, turnkey office interior and architecture solutions provider Studiokon Ventures Private Ltd (SKV) has announced its plans to venture into ‘Serviced and Managed Office’ space with its pioneering offering called ‘Happy Monday.” This business model is a one stop solution for corporates looking to set up best-in-class offices, without committing to huge capex.

Happy Monday will lease Grade A commercial properties in India’s thriving business districts, from leading developers, giving them a value advantage with lower churn and well-maintained office spaces. Occupiers will have the advantage of flexibility and cost optimisation, with sustainable interiors.

The offering will include fully serviced offices where the clients can choose cost-efficient modular interiors, furniture and accessories, with an established delivery time of 45-60 days, without worrying about waste of the furniture and fittings when they move out to a new location. Happy Monday will also take care of office space operations services and amenities, for a hassle free work environment for every occupier.

•         SKV has committed an initial investment of around $5 million for the next 5 years for expansion of Happy Monday.

•         SKV has already taken up 50,000 square feet space in Gurugram for Happy Monday. Next plan is to launch the services in Bengaluru, followed by Pune.

•         SKV vision is to reach 1.5 million sq. Ft of service office space in top 7 metro cities over the next 5 years.

“In the times of Corona pandemic, many companies are looking out for new, cost effective locations or scaling down operations and team-size. They need flexible, lower capex and hassle free options, to keep costs in check, manage COVId’s balance-sheet impact and boost productivity. Happy Monday is a perfect solution.  It’s a subscription model, where you can subscribe to the best offices, furniture, interiors and managed spaces,” said Mr Tushar Mittal, Managing Director, SKV.

“Besides best office space at the right location and with world class interior, tenants will have options to subscribe for custom made furniture, hospitality services and technology support according to their requirement,” added Mr Mittal.

Mr Mittal, who also serves as Country Head and India Partner for Workplace Trends India, said that the offering will be akin to the ‘Serviced Apartments’ concept, in the office space segment.

“The Happy Monday solution helps all the stakeholders, including developers and occupiers, lower our collective carbon footprint.  We re-use most of the furniture and fit-outs even when the client moves out, minimizing waste and taking a step towards sustainability and circular economy.” said Mr Mittal.

SKV has worked with leading MNCs and Fortune 500 companies like Global Logic, Honeywell and KPMG and has Samsung, PepsiCo, Renew Power, Macquarie and DCM Shriram.

SKV has its presence in Delhi NCR and Bengaluru, with a footprint of clients across several cities like Jaipur, Indore, Kolkata, Pune and Chandigarh. It has a state-of-the-art factory spread over 80,000 square feet in Manesar, Haryana, which helps it to do off-site production and meet the exact requirements of the clients at an unmatched speed.

SKV has carved out a niche for itself in an otherwise fragmented and unorganized furniture & interiors industry. It has developed its own virtual and augmented reality technology to scale up and deliver solutions with speed. . The company also has in-house design studios to eliminate tedious and time-consuming effort of moving from place to place to get samples and materials.

The company has a dedicated team for post-project assistance round the clock for its clients. It has served clients in various industries like IT, ITes, consulting firms and real estate developers.