Sanjay Chatrath’s Post

𝘐𝘯 𝘵𝘩𝘪𝘴 𝘯𝘦𝘹𝘵 𝘤𝘩𝘢𝘱𝘵𝘦𝘳, 𝘸𝘦 𝘦𝘹𝘱𝘭𝘰𝘳𝘦 𝘵𝘩𝘦 𝘮𝘰𝘥𝘦𝘳𝘯 𝘤𝘰-𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘳𝘦𝘷𝘰𝘭𝘶𝘵𝘪𝘰𝘯 𝘰𝘧 𝘵𝘩𝘦 2010𝘴 𝘢𝘯𝘥 𝘣𝘦𝘺𝘰𝘯𝘥—𝘢 𝘵𝘪𝘮𝘦 𝘸𝘩𝘦𝘯 𝘧𝘭𝘦𝘹𝘪𝘣𝘪𝘭𝘪𝘵𝘺, 𝘤𝘰𝘮𝘮𝘶𝘯𝘪𝘵𝘺, 𝘢𝘯𝘥 𝘪𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯 𝘳𝘦𝘴𝘩𝘢𝘱𝘦𝘥 𝘐𝘯𝘥𝘪𝘢’𝘴 𝘸𝘰𝘳𝘬𝘴𝘱𝘢𝘤𝘦𝘴. 𝗣𝗮𝗿𝘁 3: 𝗧𝗵𝗲 𝗠𝗼𝗱𝗲𝗿𝗻 𝗖𝗼-𝗪𝗼𝗿𝗸𝗶𝗻𝗴 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻 – 2010𝘀 𝗮𝗻𝗱 𝗕𝗲𝘆𝗼𝗻𝗱 The 2010s witnessed an explosion in the co-working space model across India, with 𝗠𝘂𝗺𝗯𝗮𝗶 leading the charge. Inspired by the global success of co-working giants like WeWork, local players like 91SpringBoards and IndiQube emerged, offering flexible, affordable spaces to a growing army of entrepreneurs, freelancers, and small businesses. 2015 onwards the industry has gained meteoric growth and players like Urbanwrk, Incuspaze, Bootstart, Smartworks and Awfis have created significant presence. The era of digital transformation and the gig economy fueled this demand even further. These co-working spaces provided more than just a desk—they created communities. Shared workspaces weren’t just about desks and Wi-Fi. 𝗙𝗿𝗼𝗺 𝗻𝗲𝘁𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗲𝘃𝗲𝗻𝘁𝘀 𝘁𝗼 𝘄𝗲𝗹𝗹𝗻𝗲𝘀𝘀 𝗽𝗿𝗼𝗴𝗿𝗮𝗺𝘀, 𝘁𝗵𝗲𝘆 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗲𝗱 𝘁𝗵𝗲 𝘄𝗼𝗿𝗸 𝗰𝘂𝗹𝘁𝘂𝗿𝗲 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮. The lines between work and leisure began to blur, as more and more professionals realized the benefits of working in an environment that encouraged collaboration, creativity, and flexibility. For many professionals, 𝘤𝘰-𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘣𝘦𝘤𝘢𝘮𝘦 𝘢 𝘭𝘪𝘧𝘦𝘴𝘵𝘺𝘭𝘦—one that encouraged productivity, collaboration, and creativity. The 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 of co-working spaces were undeniable: • 𝗖𝗼𝘀𝘁 𝘀𝗮𝘃𝗶𝗻𝗴𝘀: Shared resources brought down overheads. • 𝗡𝗲𝘁𝘄𝗼𝗿𝗸𝗶𝗻𝗴: Entrepreneurs and businesses in different industries could work under the same roof. • 𝗦𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆: Flexible leases and desk arrangements allowed businesses to grow without long-term commitments. Today, India is one of the fastest-growing markets for co-working spaces, with cities like Pune, Hyderabad, and Bengaluru quickly catching up to Mumbai’s pace. The shift from traditional office spaces to these flexible environments is revolutionizing the commercial real estate industry. 𝘈𝘴 𝘸𝘦 𝘮𝘰𝘷𝘦 𝘧𝘰𝘳𝘸𝘢𝘳𝘥, 𝘤𝘰-𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘪𝘯 𝘐𝘯𝘥𝘪𝘢 𝘪𝘴𝘯’𝘵 𝘫𝘶𝘴𝘵 𝘢 𝘵𝘳𝘦𝘯𝘥—𝘪𝘵’𝘴 𝘢 𝘱𝘪𝘷𝘰𝘵𝘢𝘭 𝘱𝘢𝘳𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘧𝘶𝘵𝘶𝘳𝘦 𝘰𝘧 𝘸𝘰𝘳𝘬. Looking for a flexible workspace to meet your business needs?  Contact Proximus at +91 9823560658 today and let us help you in this journey! Ashootosh Suudhir #CoWorkingSpaces #MumbaiWorkCulture #SharedWorkspaces #PuneGrowth #FlexibleOffices #ProximusAdvisory #RealEstateEvolution #FutureOfWork #CoWorkingFuture #ProximusAdvisory #RealEstateOpportunities #FlexibleWorkspaces #BusinessGrowth

In the dynamic landscape of today’s corporate world, the demand for flexible workspaces is not just a trend; it’s a movement reshaping how we think about our professional environments. India’s flex space market has soared by nearly 400% since 2018, now spanning 53 million square feet in FY 2023. This expansion is undoubtedly fueled by the pursuit of cost-effective solutions and the talent pool’s increasing mobility.  But it’s not just about square footage or location; it’s about the profound impact on work-life balance. Coworking spaces provide a perfect blend of community and independence, offering a sanctuary between the office and home. As we continue to navigate the post-pandemic world, the correlation between flexible workspaces and enhanced work-life balance is becoming increasingly clear. At Stylework - Unconventional Smart Workspaces, we’re committed to providing solutions that not only meet the spatial needs of businesses but also contribute to the well-being of their teams. The future of work is flexible, and we’re here to lead the charge. #timesofindia #trendingnews #flexspaces #futureofwork #unconventional #hybridison #flexiworkspaces #stylework

India’s office space revolution is here! 🌟 From vibrant coworking hubs to cutting-edge Managed Office Solutions (MOS), businesses are redefining work environments to prioritize flexibility, cost-efficiency, and premium experiences. 💼✨ With the rise of smart, scalable workspaces and a surge in demand for high-end infrastructure, the future of work in India is set for a massive transformation! 🚀 Explore how these innovative spaces are shaping productivity and creativity. 🎨💡 Ready to rethink your workspace? Source: Cushman & Wakefield Report #RealtyNXT #DidYouKnow #FlexSpaces #ManagedOfficeSolutions #Coworking #OfficeInnovation #WorkplaceTrends #Productivity #SmartOffices

- The coworking space has evolved in India since its inception and is growing at a swift pace. - According to research by Mordor Intelligence, the co-working space market size in India will be USD 1.94 billion by 2024 and will grow to 2.74 billion by 2029 at a CAGR of 7.0%. - With increasing demand, the focus has shifted towards technology, presence in multiple locations, seamless space designs and enhanced amenities. - With an aim to reduce maintenance cost and provide the greatest work culture possible for their employees, the number of firms searching for co-working spaces is growing daily. - Along with growing and changing commercial real estate, the co-working sector is also bringing in new concepts for office space and diversifying its markets. - Source financial express. #coworkingspace #commercialrealestate #CRE #Financialexpress #MordarIntelligence #proptechnews

"The dynamics of the modern workplace have been undergoing a paradigm shift, accelerated by technological advancements and changing work patterns." In his recently authored article for Entrepreneur India Magazine, Manish Khedia, MCR, our Regional Managing Director of South India & Sri Lanka, shared his insights on the influential trends that are shaping office design in 2024. As we step into the new year, Manish predicts a substantial shift in office spaces, where design surpasses mere functionality and plays a pivotal role in fostering collaboration, creativity, and employee well-being. To access the full article, pick up the latest issue of Entrepreneur India Magazine. #FlexibleWorkspace #FutureOfWork #OfficeDesign

🌐Mio Coworks is unlocking the Potential of Co-working: A Glimpse into India's Thriving Office Spaces Market 💼🚀 In the dynamic landscape of modern work, co-working emerges as a transformative arrangement, where professionals from diverse companies converge to share a common workspace. The implications are profound, offering not only cost savings but also a paradigm of convenience through shared infrastructures. 📊 Market Insights Snapshot: Delving into the pulse of the market, our comprehensive analysis of the India Co-working Office Spaces Market provides a panoramic view. This includes a meticulous background study, evaluating the economic landscape, sectoral contributions, market overview, and estimations of market size across key segments. 🚀 Key Segments Under the Microscope: Types: Uncover the nuances of flexible managed offices and serviced offices. Applications: Explore the dynamic roles played by IT, legal services, BFSI, consulting, and other services. End-Users: From personal users to small and large-scale companies, understand the diverse clientele. Geographical Dynamics: Gain insights into market trends across key cities like Delhi, Mumbai, Bangalore, and others. 📈 Market Projections and Trends: The report forecasts the market size of India's Co-working Office Spaces across these segments in terms of value (USD), offering a predictive lens into emerging trends and the ever-evolving market dynamics. 🔗 Dive Deeper: For an in-depth exploration, access the full report detailing the economic assessment, COVID-19 impact analysis, and a nuanced understanding of how co-working is reshaping the professional landscape in India. Let's continue to unravel the narrative of co-working—a collaborative movement shaping the future of work. (Source of the report: https://lnkd.in/eKurvH5e) #CoWorking #OfficeSpaces #MarketAnalysis #FutureOfWork #LinkedInInsights

The rise of the #gigeconomy and the surge in coworking spaces are transforming India's real estate landscape. According to a report by Urban Vault, there was a 90% increase in flexible workspace #utilization in major Indian cities during Q1 2023 compared to 2019. This trend is driven by the gig economy's need for flexibility, with coworking spaces offering short-term leases and diverse workspace options at a lower cost than #traditional offices. As a result, coworking spaces accounted for 19% of the overall commercial office leasing in H1 2023, with projections suggesting this could reach 25-27% by year-end. Hybrid work models, popularized during the pandemic, further boost #coworking demand. Companies are increasingly adopting flexible work arrangements, utilizing coworking spaces for occasional office needs without the burden of full-time leases. This shift has also impacted traditional office space, with coworking spaces absorbing some of the vacancy rates in areas with declining demand. Regulatory bodies need to adapt to this evolving landscape. Current regulations may not fully address the specific needs of coworking spaces, such as flexible #lease structures, fire safety compliance, and data privacy concerns. Collaboration between the #government and industry stakeholders can help develop coworking-specific norms, ensuring a standardized and secure experience. As coworking spaces continue to grow, how can regulatory bodies effectively balance flexibility and security to support this dynamic workspace ecosystem? #CoworkingSpaces #GigEconomy #IndianRealEstate #FlexibleWorkspace #HybridWork 

680,000 Seats Filled, and Counting! . . A recent report from Avendus shows a massive flexible workspace market size of US$3.5 billion, with over 680,000 operational seats spread across 61 MSF of flexible workspace options. Despite challenges in the global economy, the Indian flex workspace market continues to show resilience due to strong demand driving its growth. The demand for new office leases continues to be strong, with expectations of sustained growth in 2024 and 2025. Businesses are adapting by seeking flexible options - expect growth in asset-light solutions like suburban co-working and untapped Tier II cities. Here's a general overview on The Indian Flex Workspace Market 2024-25. #FlexSpace #India #Growth #OfficeMarket #FutureOfWork #coworkingspaces #managedofficespaces #officespacesnearme

🚀 The Co-Working Market in India is Set to Double Over the Next 5 Years at a 15% CAGR! 🚀 According to the latest CII-ANAROCK report titled "Workplaces of the Future," the flexible workspace market in India is poised for phenomenal growth. Currently, there are approximately 35 million sq. ft. of flexible office stock available, with large operators holding around 71% of this space. This growth is driven by the increasing adoption of hybrid work models post-pandemic. The survey by ANAROCK via LinkedIn shows a strong preference for hybrid and remote working models among professionals: 54% favor a hybrid model (part office, part home) 33% prefer working entirely from the office 13% find working from home suitable Interestingly, 46% see co-working spaces as the ideal way to adopt the hybrid work model, compared to 30% for the hub-and-spoke model and 24% for modifying existing office layouts. At Ideal Development, we are excited to be part of this dynamic market, offering state-of-the-art co-working spaces designed to meet the evolving needs of today’s workforce. Join us and experience the future of work with flexibility, collaboration, and community at the core. Explore our co-working solutions and see how we can help you achieve your business goals. Visit us at www.idealdevelopment.in or call us at +91-8200889537 to get started today! Embrace the future of co-working with Ideal Development, where innovation meets productivity. #Coworking #FlexibleWorkspaces #HybridWork #WorkFromHome #OfficeSpace #RemoteWork #WorkspaceInnovation #BusinessGrowth #IdealDevelopment #FutureOfWork #MarketTrends #OfficeSpaceSolutions #WorkplaceStrategy #ProfessionalCommunity

💥Flexible Office Spaces For Employees and Companies as WFH Declines🚀 Providing #convenience and #flexibility for #employees on one side #costeffectiveness, and asset-light models for employers on the other, #coworking/ managed spaces are booming. Demand for such spaces is soaring in large metros and Tier-2 cities alike as companies tighten #returntooffice rules. Large enterprises, #IT/ITES, and #Fortune500 companies, apart from #startups and #solopreneurs are increasingly opting for such options, according to #coworkingspaces including #WeWorkIndia, #91Springboard, #Incuspaze, and #Dextrus. One of the major advantages of flex office spaces is the #ability to #scaleup or #down as per the #businessrequirements. Traditional office spaces in #primelocations often come with #highrents and #longterm #leaseagreements. #Flex #officespaces offer a more cost-effective alternative, as #businesses can rent only the #space they need for a #specificperiod, avoiding #hefty #upfrontcosts and #longterm #commitments. Even I see the uptrend going forward in lot many industries not just the IT/ ITES companies but BFSI, manufacturing and global capability centers. Additionally, as companies aim to reduce costs, maintain proximity to their staff, and retain valuable employees by offering flexible work arrangements, the need for flexible spaces in India is increasing. Follow Sukrit Wadhawan for more 🚀 Agree? Share your thoughts on the same in comments below below 👇 📸 Credits: Economic Times