How Co-working spaces are changing the dynamics of Real Estate

It has recently been observed that most co-working spaces have modified the commercial real estate development in Hyderabad. It can also be predicted that this is going to remain a favoured choice even in future.

We can easily see that the real estate development in Hyderabad has had quite a tremendous growth. From crowded business areas and huge office spaces to massive malls with over a thousand different brands, commercially available real estate has taken a colossal shape in the last few years. This is the only sector that attracts both Global as well as Indian investors.

According to various surveys, there has been a sharp leap in 2019 in the commercial real estate sector as compared to 2018. Real estate sector has been promising a strong growth in the coming years since this sector is backed up by a healthy balance of demand and supply along with healthy competition between various investors

In the last few years, the demand for co-working spaces has increased consistently. From conventional office-spaces, people are engaging more and more in plug-and-play offices. For SMEs, startups or even freelancers, turn out to be a perfect solution just as for growing multinationals. Co-working office spaces are predicted to increase to three times its present-day value, in the next few years which will lead to massive business opportunities in BBG India. Nowadays Co-working has almost become an established mainstream segment and it plays an indispensable role in the rising commercial real estate.

Shared work-spaces vs Conventional work-spaces

The demand for shared workspace is gradually displacing the need for a conventional one. Many MNCs and corporate companies are opting for modern work-spaces, having Grade-A facilities over traditional ones. These modern-day shared spaces also come at a very affordable price. Most of the corporate companies these days, try to get hold of flexible co-working spaces in India that will help them to expand their reach all across the Nation.

In recent times, the Indian continent has come out as one of the largest markets for flexible co-working space in the Asia-Pacific. It is also speculated that BBG India will only keep increasing its strength over time. From the day of its commencement, co-working spaces in Corporate sectors, that are plotting development company in Hyderabad, have come quite a long way now. Previously, due to a lack of proper knowledge, landowners did not want to rent out their spaces to various operators. They did not want to conform to the co-working business model. They preferred the traditional workspace more.

Shorter contracts on various collaboratives along with flexible co-working spaces are swiftly emerging as the rule in majority of the markets. This will also prove to be an efficient prospect even in the long-term and will create an ideal relationship between the tenant and the landlord even without the various traditional arrangements. The SMEs and the startups also benefit a lot from these co-working spaces. Co-working spaces will save the companies from the trouble of spending huge amounts of money on setting up their offices. This can be very useful especially in their early formative years.

As the corporate world adapts to technology and design trends, it is vital to keep in mind the employees’ needs. Many people value a space that encourages the growth of a community. A community at the workplace promotes an open culture, which is beyond hierarchies. A co-working culture solidifies bonds amongst employees and breaks traditional stereotypes of formality and protocol.

The future of co-working spaces in India

Since the trend of co-working continues to grow in India, it compels several more real-estate investors to add co-working in their respective portfolios. When we think of the community members, we can safely say that spaces with co-working facilities turn out to be a kind of ideal workplace. They help to bridge the gap that exists between the needs and the various wants of the members of the community by providing affordable yet optimum infrastructure. This helps in maintaining a basic balance in their work life. If you are plotting development company in Hyderabad, you can also opt for coworking facilities.

Co-working spaces are changing the very face of corporate business. This will ensure rapid growth in business in India and help in increasing the economic prospects in this country. We can foretell that co-working will be a game-changer in BBG India as well as real estate development in Hyderabad.