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What is the Future of Coworking Space in India


More and more people in India are discovering the joys of freelancing or commencing their own start-ups. A brilliant alternative for creative thinkers and independent workers has been coworking spaces inMumbai, Delhi, Bangalore, etc. They have proven to be economical and sustainable and have helped budding entrepreneurs build a network, collaborate with like-minded people, be a part of several events, enjoy its flexibility, and its cozy vibes. On the other hand, there are several coworking spaces in tier two cities in India still in the process of certifying their business model and finding inventive ways to retain their existing audience. So, what is the future of coworking spaces in India?

coworking spaces in bangalore

Vast Networking


Given the nature of shared office spaces, it is no brainer that networking is bound to be. One works and shares space with mixed professionals making it a popular choice. These can range from start-up founders, entrepreneurs, freelancers, established companies to even students. Networking eventually leads to creating a coworking community with diverse likes and interests.

Culture and Personalisation


Shared office spaces in India and worldwide offer flexibility, affordability, location, and networking that a conventional office may perhaps fail in. It is not the brand at work, but the people who are working. When professionals from various sectors and niche come together, they help in facilitating a culture by adding their own separate character to this one space.

Retaining Balance


The millennial understands the significance of a work-life balance. They prefer the flexibility to a 9 to 5 job. They would rather work at a place that is closer to their residence than taking up longer commute hours. As per the study by Deloitte, 64% of Indians will be millennial by 2020. This certainly emphasizes on the importance of coworking spaces inIndia and their expected exponential growth given their several benefits.

Higher Growth in Start-ups


If you simply look around, you'd realize there are plenty of start-ups agencies that are offering great prospects. One of the major reasons could be because now people can rent an office or take up shared space instead of taking up operational and overhead costs. They offer a full-fledged office environment along with basic amenities and more based on the needs and requirements. As a result, expansion is no more a distant option, but feasible too.

Improved and Enhanced Quality of Working


The design, comfort, and overall look and feel of coworking spaces are better than a traditional work environment. Well-established companies like Google, Facebook, YouTube, etc. to have recognized them, thereby making contemporary interiors, chic furniture, and desks a part of standard working spaces. They also include recreational rooms and occasional events to help professionals interact and network. The idea is to help people relax to give a boost to their productivity and efficiency.
India is certainly riding high on the sharedoffice space and there is no stopping for sure. They have disrupted the traditional work environment and have seen great growth in the last five years. The demand continues to gain impetus across India with immense scope, growth, and development.   


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Comments

  1. Barbra LuistJune 21, 2021 at 1:50 AM

    3 months back, i waslooking for the best coworking space in kolkata, then my friend suggested me a company - Smartworks. I went to the office location, and yes the location is best. Thanks for the help!!

    ReplyDelete

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