CONTENTS
Declaration 4
Acknowledgement 5
List of Figures 6
List of Tables 7
Abstract 8
Chapter: 1 Introduction 12
1.1. Background 12
1.2. Problem Statement 13
1.3. Research aim and approach 13
Objectives 13
Research questions 13
1.4. Scope of work 15
1.5. Research Methodology 16
Chapter 2: Literature Review 17
2.1 Emerging markets 17
2.2 Entry of Co-working spaces in Indian market 19
2.3 Major Market Drivers of Real Estate 20
2.3.1 Economics 20
2.3.2 Technology 24
2.3.3 Business Organisation 25
2.4 Real Estate Development Model 26
2.4.1 Finance 28
Chapter 3 : Office Sector 28
3.1 Overview 28
3.1.1 Why Kolkata 30
3.1.2 Business Districts in Kolkata 31
3.1.3 Overview of Kolkata Office sector 32
3.2 Major Co-working Operators in Kolkata 35
Chapter 4 : Operating models 37
4.1 Qualitative Analysis of Operating Models 37
4.1.1 Lease model 37 11
4.1.2 Management model 38
4.1.3 Joint Venture (JV) model 38
4.1.4 Franchise model 38
4.1.5 Owner Operator model 39
4.2 Revenue Components 39
4.3 Cost Drivers 40
4.4 Quantitative Analysis of Operating Models 41
4.4.1 Utilisation Rate Assumption 41
4.4.2 Lease model 42
4.4.3 Joint-venture (JV) model 44
4.4.4 Management model 45
4.4.5 Franchise model 47
4.4.6 Owner-operator model 48
Chapter 5 : Comparative Analysis of Operating Models 50
Chapter 6 : Major Attributes to Increase Utilisation rate 53
Chapter 7 : Conclusion (Examining all the Operating models in Kolkata market) 58
References 62