Why Coworking is becoming so popular in India?

While coworking is revolutionizing work culture at a global level, India couldn’t stay immune to it being the second largest labor force in the world. The winds of change have hit the country and there has been an increasing demand for shared spaces in India amongst the millennial generation for a flexible work environment.

Coworking- The Rising Trend

It was first the startups to get lured by the coworking culture for the fact that they get a managed office where they just need to buy a subscription, take their team and start working. Slowly the craze moved to freelancers and now even multi-nationals and media houses too are taking advantage of it. What is that about the coworking spaces that make them a preferred choice of every working professional?

Let’s look at some main factors that lead to an ever increasing demand for a coworking space:

A cost-effective option

Due to the increase in the price of the real estate making it almost impossible for the common people to rent, forget buying, a coworking space becomes a great alternative. It is only at a shared space in India where you pay way less than an expense of a traditional office. Plus, the price of the subscription includes facilities like fixing electricity, air conditioners, office furniture, fittings, installation, internet and other amenities like housekeeping, reception desk etc. There are no heavy fixed deposits and thankfully, flexible membership plans from hourly to yearly basis.

Flexibility matters

The times have changed, the new generation of office goers can’t work in strict work hours, especially the creative jobs. It binds them. A more flexible and relaxed work environment will always bring more positivity out of the employees. The beautiful and welcoming interiors of a coworking space also encourage people to come to the office frequently.

So many facilities

You count the facilities and services you get at the shared spaces, India, and then compare it with the cost you pay for it. Meeting rooms, private cabins, hot desks, virtual office, cafeteria, event space, internet, state of the art infrastructure, ergonomic furniture, game zones; you name it and you get it. All these facilities means no more compromising on work and a coworking space is any time better than a traditional space.

Scaling is your decision

You can scale up, you can scale down, and the services won’t change. A coworking space can adjust with the increasing and decreasing size of your team. In shared spaces, India, you need not to worry about shifting if your team size goes from 12 to 22. Rent out a few more or let go a few for an increase or downsizing.

Networking opportunities

If there are no connections, there is a slow business. In a coworking space is a diverse range of clients working ranging from an individual to a big team. With a lot of events happening in shared spaces in India, the coworkers engage better. The coworkers build connections, introduce their business to others and connect to work together in future. This way, a freelancer gets better projects and a team gets a new resource for their project. Where else does all this happen under the same roof?

The future of shared workplaces

Given the advantages of a coworking space, the growth in the demand is no surprise with no sign of the growth rate going down any soon. The companies are expanding across the country and the prices of properties are sky-rocketing. It is projected that the coworking spaces would get doubled in a couple of years. Exciting themes, striking interiors, comfortable furniture, friendly coworkers, supportive community managers, 24*7 assistance and affordable pricing will only attract more clients to the coworking industry.