MPowered launches 'Reverse Officing' services

Gurugram-based real estate asset-management firm MPowered has launched another innovative service vertical called "Reverse Officing" for large businesses. Under this vertical, MPowered will exclusively cater to the large corporates that are downsizing due to Covid-19. The idea is to help these businesses retain their original office address without having to absorb the rental cost for the entire area. For instance, if a company originally had 2,00,000 sq. ft leased out and would now like to retain only 1,25,000 sq. ft of it, MPowered takes the entire space in its fold and then lets out the required area to the company in question. This way they can retain their original location and address and bear the cost of only as much real estate space as they need, while the landlord also does not have to bear losses due to real estate going unutilized.

MPowered Founder & CEO Sudeep Singh said, "At MPowered, our focus has always been to create an ecosystem wherein everybody involved in the equation can benefit from it. With the Covid-19-triggered crisis being far from over for businesses and work-from-home still going strong, many large companies have resorted to shrinking their office space to optimise expenses. This was emerging as a huge conflict of interest between companies and the landlords. With the launch of our "reverse officing" vertical, we have managed to permanently resolve this issue for both parties in a seamless fashion. In this arrangement, we have not only managed to slice out a great business opportunity for MPowered but also ensured neither of these parties has to bear losses due to the current situation."

"MPowered was conceptualised with a vision to solve various age-old logistic issues in the real estate asset management sector and fill-up the gaps wherever they may be. With the launch of this new vertical, we have got one more step ahead in our mission to positively turn around the industry by introducing sustainable and long-term solutions to traditional problems. Though this new feature has been introduced in the wake of Covid-19, Sudeep and I are confident that it will prove to be an extremely useful solution for commercial landlords and tenants even in the longer run. This has also given businesses the freedom to pivot and change their model and structure without worrying about disturbing the physical set-up," said Co-Founder, MPowered, Bhavna Juneja.

The firm that raised USD 21Mn in a pre-series A round from US-based investors, specialises in helping property owners convert their B&C grade properties into income-generating A-grade facilities. From configuring large and medium office spaces based on various proprietary models of the sharing economy to designing luxurious and efficient residential models, MPowered is a one-stop destination for Asset Management Solutions for commercial as well as residential properties. In addition to transforming residential and office spaces, Mpowered also helms global concepts such as co-living and co-working. Offering innovative and future-ready concepts designed to benefit a varied range of clients, the brand's ultimate vision is to enable property owners to make money from their real estate investments. It caters to property owners, property brokers, large independent organizations as well as small to mid-sized businesses and Start-ups. With the combined vision and expertise in Portfolio Management of both Co-Founders, MPowered aims to reinvent the Asset Management industry in India.