Suburb January 2019

AROUND TOWN
Co-working Segment
Seeks Huge Demand
Anuradha Ramamirtham
India is the youngest start-up nation in
the world that has an increasingly
growing millennial work staff. These
young, dynamic professionals are
moving towards upscale, technically
sound and cost-effective workspaces –
in short embracing co-working spaces.
How have work places evolved?
Offices are not anymore a specific place
with tables, chairs, cubicles and cabins
where you work. In fact, they are no more a
single address place also. Evolved to
providing a wholesome work space that
focuses on providing smart work places
that enhances employee productivity. For
want of better working environment that
has it all- excellent work ambience, being
technologically sound with state-of-the-art
infrastructure and finally being costeffective,
co-working spaces is looked upon
as the answer. These co-working spaces can
be accessed anywhere anytime as they
follow the plug and play concept. They are
present at prime locations at fraction of the
cost as compared to conventional offices.
Demystifying the Co-working
concept
According to a Knight Frank research
report, the concept of co-working spaces
essentially involves groups of individual
professionals and small and increasingly
large-scale businesses who share
workspaces and breakthrough ideas,
enhance their business horizons and gain a
fresh standpoint on their own businesses by
the virtue of sharing workspaces. In an age
when business cycles have dramatically
reduced and companies need to constantly
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suburb life | January 2019