New ways to reduce new liabilities
Regarding accounting, leases are now considered to be an off-balance sheet activity, which has no impact on net assets. But, as of 2019, changes to accounting requirements require that rent and lease payments be listed on the balance sheets, which will increase the company’s liabilities. Companies will have to find new ways to reduce these new liabilities.
Buy or not buy?
One possibility may be to buy the office space in DLF cyber city-Gurgaon property to become a permanent asset of the company. However, this has its disadvantages. Most companies do not have the money to buy their offices suddenly, so they would have to get a mortgage, which also implies a considerable down payment; surely they would rather invest that money in the business. This option also generates additional maintenance liabilities and limits location flexibility, making it inappropriate for new, development-focused companies.
Since this option present new liabilities, what other routes do businesses have to face this imminent threat to their profits? Perhaps a more attractive option is to investigate the flexible IT office space in Delhi market, an emerging sector in recent years thanks to its agility and profitability.
Used or lost
Fixed office space in DLF cyber city-Gurgaon can often be an inefficient and unnecessary expense, as one study shows that there are desks that are sometimes not used in the middle of the day. By 2019, the need to quantify every square meter will be even more urgent. Many firms have already set aside individual desktops and are using technology to create shared spaces, which increases their efficiency. One HR company found that its flexible workspace rose to more than a third in the three years preceding 2015, while a Regus study that was conducted in the summer of 2014 showed that 31% of companies noticed an increase in flexible work over the course of the previous year.
Flexible space = flexible contracts
Another advantage of flexible IT office space in Delhi space is that contractual terms can also be flexible, as it allows you to rent a space equipped for just a single day, or a group of permanent offices for a longer period. When charging for each job, the key is profitability. Companies can adapt the size and cost of their workspace according to the ups and downs of their business.
Offer additional services
Fully furnished office space in Gurgaon may be the best choice for companies looking to focus on their business activities and prefer to have others deal with secondary issues such as reception, IT services, cleaning, and maintenance. Having all these services at hand is especially attractive for start-ups, and a boom of equipped spaces is being perceived in the major cities of the world in recent years.
Flexible office space with all the services is already presented as an attractive option for many businesses. With the impending changes to lease accounting, the need for more agile and efficient fully furnished office space in Gurgaon is becoming more urgent. Many vendors are already covering the changing needs of modern businesses, and these new flexible offices may be the solution.