India’s embrace of flexible working is revitalizing coworking’s presence within the country.
Remote and hybrid work have become a mainstay in workplace culture, opening the door for coworking spaces to thrive and support workers looking for an alternative office.
“The future of work is changing rapidly and will almost be permanently oriented towards greater flexibility, hence the coworking sector is growing exponentially,” said Manas Mehrotra, founder of 315Work Avenue. “With the need for agility has been reinforced like never before by the COVID-19 pandemic, it’s expected that the coworking sector will continue to be vibrant in 2023.”
Coworking helps both employers and employees in a variety of ways.
For companies, incorporating coworking spaces allows them to cut back on overhead expenses, real estate and office management. For workers, accessing fully-equipped offices closer to their homes can greatly reduce their commuting costs.
“The demand for flexible work spaces is also constantly increasing not only because such spaces perfectly fit the ‘new normal,’ but they also provide companies with an option to save costs, while boosting productivity, enhancing work experience and providing flexibility to employees,” added Mehrotra.
