Advertisement
Back To Daily Digest
Tags: BUSINESS

India’s Coworking Market is Reviving

As work from home fatigue kicks in and people slowly become accustomed to the new normal, coworking is gaining fresh favor.

In India, flexible offices such as Karya Spaces in Nungambakkam saw a sudden reduction in clients and new enquiries at the start of lockdown — but they are now seeing an uptick in demand. In May, they received nearly 100 enquiries to rent desks from July onward.

Arjjun Chander, founder of Karya Spaces, said: “Of the people who are looking to join in July, one section sees new opportunities in coworking. Looking to cut down costs, they have changed their plans of getting their own office (for which they would have to pay a hefty deposit, and would be locked in) and are using our spaces instead.”

Arjjun believes that the need for real-life interaction of colleagues is driving this change. “It is only when you meet that you can creatively inspire each other. The importance of offices will never come down,” he says.

The Latest News
Delivered To Your Inbox

Vaidhyaraman S, co-founder of Chennai-based IT startup Engauge, which caters to hotels and restaurants, has a coworking membership. And while he is currently reluctant to return to the office, he plans to move to a larger space “once everything settles”.

“An employee of mine works from home in Kerala. He’s a really good resource. But there are days when he isn’t motivated to work. That can happen when you are working alone. In an office or a coworking setup, there’s more social connection and interaction, which can improve your work,” says Vaidhyaraman.

ABOUT Jo Meunier (née Disney)
Jo Meunier (née Disney)

Jo is AllWork's Senior Editor for the UK and Europe. Jo has worked within business centre and coworking circles since 2009, researching and contributing written features for numerous industry publications. She reports on the latest market news and delves into local issues with one main objective: to champion the flexible workspace industry and its members. Get in touch with Jo here or via [email protected]. View all posts by Jo Meunier (née Disney)

Latest on Daily Digest

The Office Group Anticipates Growth In Demand

Where Can Coworking Go From Here?

How Asia Pacific’s Offices Are Adapting

Google To Try Hybrid Work Arrangements

WeWork Sells Off Majority Stake In Chinese Entity

Why Company HQ May Be A Thing Of The Past

Accor Will Begin Offering Workspace In Its Hotels

Manhattan Landlord Sues Knotel

Ad
Advertisement

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad
Advertisement
Advertisement
Advertisement
Advertisement