How Coworking Helps You To Boost Your Business

It is a fact that the work environment is the key to the success of any business. And the coworking space is doing the same for many companies all over the world. The office spaces are doing wonders for the startups and freelancers who cannot afford costly traditional offices by providing them with cost-effective coworking space with a complete experience of a conventional office. The office space is coming together of three COs: cooperation, collaboration, and community.

According to the data provided for 215 global office markets, Delhi-NCR ranks at 84, Bangalore at 213 and Hyderabad at 214. The ranking indicates the globally competitive pricing of the talent available. A portable workplace is in demand among the new startups who are looking for office space in Delhi and NCR. The high point of this type of workplace is that its design is seen as an element to break the monotony of a workplace.

With the explosion of coworking spaces all over the world, India is not staying behind in investing in this new venture. Regarding cost-effective and attractive office space, Indian office markets are at the top. The major cities which are growing centers for the coworking space are Delhi, Bangalore, Pune, Mumbai, Hyderabad, and Chennai.

The cost-effective rents and flexible working options with the convenient availability of best talents are driving a lot of entrepreneurs and freelancers for coworking space in Delhi-NCR. In 2016, Delhi has more than 30 office space that is approximately 7.6 million sq. Ft. Which is supposed to be doubled by this year. Some of the significant office spaces in Delhi-NCR are run by the firms like Regus, 91 Springboard, Awfis, Innova8, Investopad and AltF who are providing membership options ranging from USD 60 TO 180 per seat. According to Nitish Bhasin, Managing Director- Market. JLL India, “Co-working spaces are rapidly popping up across Indian metros and tier-II cities like Delhi-NCR.

Some of the benefits of coworking space that will boost your business:

Both cost and time effective – With coworking office space, you do not have to worry about the day-to-day office management and its price. Thus, you can invest your saved time and money in developing your business.

More Productive and Creative – In coworking space, you are surrounded by a lot of your competitors and other business ideas from which you can learn a lot. Along with this the socialization of you within the coworking community makes you feel happy and enjoy your work. And there is a famous saying, “ a happy mind is the most creative mind,” and creativity doubles the productivity.

Getting top talents for your business at your cost – In the coworking community space, there are many talents of different fields seated around you, so you can easily access to top skills needed for your business, like web design, programming, at your own cost.

Availability of potential clients and partners – With some companies sitting next to you can offer you with a chance of getting a new client, which might be one among them or from the reference of another. With this, you also have the opportunity of finding a suitable partner for business which helps you in expanding your business at the lowest expense possible.

Culture – The most beneficial thing that a coworking space offers you is its culture. The coworking community acts like a family and shares a healthy competition. They keep each other motivated and inspire to achieve excellence.

Delhi, being the capital city has a huge movement of young entrepreneurs, freelancers and small business owners from different small towns in to realize their dreams of successful business ventures. But owning a traditional coworking space in Delhi-NCR is quite a tough task as it needs a huge capital amount. In this scenario office space in Delhi-NCR has given a massive hope to these aspiring businessmen by providing them with their coworking space in Delhi at an affordable price.
With the industrial boom in Delhi- NCR, it seems very hard to find office spaces in Delhi- NCR. Consequently, the rising demands of coworking space in Delhi-NCR lured some corporates and developers to invest in this venture. Gurgaon and Noida have emerged as the preferred location for office space in Delhi-NCR- this is mainly due to the presence of critical technical and electronic firms in this mini market.

By the end of 2017, it has been established that in 2018 coworking, managed coworking space in Delhi will prove to be a game changer in the commercial real estate and one the best of the best example of it is the growing demand of managed office space in Delhi-NCR regions. Flexibility cost saving both on Capex and Opex, ease of starting an office, community building and feel of a large coworking space are some of the most important factors contributing to the growth of managed office space. The sector is expected to receive over USD 400 to 500 million investment. Investors have realized over the time, that their money invested in furniture is a total waste of resources; hence more and more investors are pushing startups and companies to work at co-working spaces."

Coworking is more about the way of working than the place of working. With each passing day, it is becoming a hotter trend, especially in the developing countries like India, where more than 65% of populations are young minds with a dream of various startups and freelancing. It should be no wonder if in the coming years India would emerge as the leading office space market all over the world.