Real EstateCo-working Space is the New Rage amongst Entrepreneurs and Freelancers. How?

AdminNovember 11, 2019337 min

The number of freelancers and people working remotely is constantly on the rise which makes co-working spaces and other flexible working options enticing for them. With the evolution of this industry, we can witness that there is no dearth of small businesses which are using the cheapest co-working space in Gurgaon.

Freelancers, entrepreneurs, remote workers and solopreneurs alike identify the true value in co-working spaces. Co-working spaces are all about like-minded people striving consistently to build industry connections and find potential clients as well. And not just for co-workers, even small businesses find co-working spaces as a perfect fit for their companies and individual requirements.

Co-Working Space Trend in India

There are over 850 co-working spaces in India, and while majority of these are concentrated in metro cities like Delhi, Mumbai, and Bengaluru, almost 200 co-working spaces are in Tier 2 and 3 cities. And despite the fusses of maintenance and operational expenditures, the co-working sector in India is growing and prospering. As of August 2019, co-working spaces in India raised $96.55 million across four deals and in 2016, the latter raised $49.7 million across seven deals. So now the evolution is quite clear, isn’t it? With India being stated as the second largest hub for startups all across the globe, the co-working market is also saturated with players in different realm of operations. Recently, OYO acquired the NCR based Innov8- a co-working startup for Rs. 220 crores, marking its presence in the co-working space.

Today, the way people live and work in India is going through a paradigm shift. From a boring traditional office to a creative co-working office space, the co-working spaces helped in building up a community and network around you, a network that helps building up quality contacts.

What do People need in a Co-working Space?

Some of the basic requirements or facilities that people usually expect from co-working spaces include:

  • Latest technology with fast internet connectivity
  • Conference room
  • Coffee and snacks
  • Registered emails
  • Parking
  • Fun events

The cities with the highest demand for co-working spaces are Gurgaon, Bangalore, Mumbai and Hyderabad; cities that are witnessing an exponential rise in technology and innovation based startups.

What are the Types of Co-working?

  • Traditional Co-working

Traditional co-working spaces focus on building an entire community. In such co-working spaces, a variety of businesses and freelancers can connect, support each other, and prosper. The traditional co-working spaces come with hot desks, permanent desks and private rooms to cater all types of businesses. Basically, this is the’ sharing without relationship model’ and usually it involves two or more unrelated companies sharing the same office space.

  • Lifestyle Co-working

These co-working spaces focus on providing the workers with the lifestyle benefits like yoga classes, meditation, food and beverages, personal growth events, and even much more. Amazing, isn’t it?

  • Niche Co-working

Niche co-working is one of the hot trends of 2019. These co-working spaces are industry-specific, serving the specialized segments of the market. This helps in mutual development of two businesses in the same niche.

The Future Outlook

The co-working space industry has caught eye of many investors and business professionals all across the globe. But combining co-working platforms and incubation centers is the next big thing, where people can easily find investments, colleagues together with a healthy environment all at just one place. Today, a co-working space either leases or opens itself in some café, therefore with more deeper penetration at much affordable prices, people are slowly and gradually drifting towards these modern workplaces. So are you looking for a co-working space or for that matter, the cheapest co-working space in Gurgaon? Well, it is the time to step forward with just your business idea.

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