Coworking 2.0: Real Estate Blended with Hospitality
- Coworking
- June 24, 2024
Coworking spaces are transforming India’s startup landscape by offering flexibility, cost-effective resources, and vibrant communities that foster collaboration. These spaces enable startups to scale seamlessly, connect with industry peers, and optimise resources for growth. As India’s entrepreneurial ecosystem evolves, coworking spaces drive innovation and business success.
READ MOREIndia’s coworking sector is booming, driven by hybrid work models, rising office rents, and IPO activity. Awfis, Smartworks, and DevX lead the IPO wave, while expansion into Tier-II and Tier-III cities signals future growth. Flexible workspaces now account for 15% of leasing, with demand projected to grow 60% by 2028.
READ MOREFlexible office spaces in India have exceeded 80% occupancy, with cities like Mumbai and NCR leading the way. Cost benefits, ESG compliance, and expansion into Tier 2 cities drive growth. Flex spaces offer affordability, adaptability, and sustainability, making them a strategic choice for startups and large corporations.
READ MORERecognising the coworking sector as an industry can drive growth through tailored tax incentives, especially in tier II and III cities. Promoting sustainability and ensuring access to affordable finance is crucial for its expansion, says Rishi Das, Cofounder of IndiQube.
READ MORECo-working spaces in India offer cost-efficient solutions for businesses, including flexible leases and opportunities to enhance productivity and collaboration. These flexible workspaces are crucial in supporting business growth, contributing to the commercial real estate sector, and driving economic impact in India’s business landscape, especially with the increasing trend of flexible work arrangements.
READ MOREDiscover the evolution of India’s office space globally, focusing on flexible work environments and the rise of hybrid work cultures post-pandemic.
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