The startup eco-sphere has been continually growing across all the main cities in India and despite the occasional lull, the varied global giants within the office space industry have noticeably shown a substantial amount of interest within the co-working segment. Cut down on the operational expenses is enabling the startups to take a position more funds within the core business.
The co-working spaces have become highly popular and profitable due to the pay-as-per-use model for the set of offered services.
Also, these shared office spaces have certain unique amenities sort as a food court, crèche services, gaming zones, spa, gym, sleeping pods, etc. All these amenities made these offices even more popular and boost the morale of the staff very positively which eventually enhances productivity. The office spaces even have an excellent atmosphere with great aesthetics and interior design. These factors create an uncluttered and relaxed environment in these office spaces which alleviates the work stress that’s being often experienced by the professionals.
These shared office spaces offer a lot of cost savings which is also coupled with the chances to network with the other entrepreneurs operating from the same workspace for achieving certain common goals.
Profitability and Future Growth Expectations of Co-Working Spaces
The co-working operating companies are the hottest startups in India as they are receiving millions of investments from top investors. The work culture is gradually evolving with the more and more adoption of co-working spaces. At times, it’s even higher counting on the character of your business.
Co-working is going to be a dominant trend in India and this is certain that it is not just an ephemeral style that is likely to fade away. Reasons behind the high demands of co-working spaces are the booming ecosystem of startups and the large list of flexibility attached to the co-working spaces.
India has been witnessing the demand for co-working spaces not only from startups and freelancers but also from the major business conglomerates and corporations. More than 50% of the business opportunity is expected from the big corporations.
Delhi, Mumbai, and Bangalore are the cities that are already experiencing a rapid climb when it involves the demand for coworking spaces.
Probably, co-working spaces would soon replace with lease-based models which have certain restrictions attached to the same. They are likely to implement an ownership model which offers even more flexibility at an even lesser price. The demand for co-working spaces is skyrocketing at the present times and this is a sign that the future growth of the co-working spaces is obviously on the cards and are certainly here to remain and evolve.
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