The rise of start-up culture has contributed to a major increase in the demand for coworking space in Zirakpur, Chandigarh in recent years. Those start-ups are now in an imposed fiscal situation with several start-ups that fall under the ambit of small and medium-sized companies, or SMEs. This has led to a hard time zeroing on accessible workspace amidst the rising office rentals in key business districts.

 Therefore, the need for a cost-effective and commercially viable alternative for shared office spaces in Zirakpur , Chandigarh has given rise to their demand, often widely referred to as co-working spaces in Zirakpur, Chandigarh.

 This phenomenon made it possible for small companies to lease out just as much space as they wanted at major business centers. Besides, shared spaces allowed companies the ability to shrink or expand without worrying about their capacity.

 The service sector in India, with an estimated contribution of 54% to the country’s GVA (gross value added) and employing 28% of the population, has one of the highest office space requirements in the world. By the end of 2022, the gross annual absorption of office space in India is expected to touch 57 million sft.

Growth of Co-Working Spaces and Prominent Players in India

According to a NASSCOM estimate, the Indian startup ecosystem is anticipated to include 37,000 tech businesses, 180-200 unicorns, and a total worth of $60-700 billion. This is a result of the phenomenal growth of startups and the number of independent contractors. These numbers indicate that the co-working market in India has enormous potential.

 Many start-ups, including established enterprises such as IBM, Facebook, and Cisco, have taken up co-working spaces to improve their operational efficiencies and enjoy the advantages that come with modern co-working spaces. According to some estimates, a company can save as much as 30% on its operational costs alone when it chooses co-working spaces over conventional office spaces.

 In the initial days, the purpose of co-working space was primarily limited to being a low-cost office space alternative, but with the exponential growth and enhanced demand for Co-Working Space in Zirakpur, Chandigarh this has led to multiple features getting added on.

 Flexibility, for instance, is exceptional about co-working spaces, where one could take space for a year, a month, or even for a few hours without the need for any security deposits or committing to a minimum lock-in period.

 Moreover, some co-working space operators also offer their clients the choice of working at any of their branches. Now, the co-working space market in India is no longer limited to major metros like New Delhi,Bangalore, Mumbai, and Kolkata, as it is spreading across various tier-2 and tier-3 cities as well.

Some of the benefits of choosing IDEA Co-working

A forward-thinking workplace

Workplace productivity would be increased by working in a fun and energetic setting. With Idea Co-Working, you receive more than just an office; you also get a whole company environment that includes business infrastructure and services.

This contains big, well-equipped desks for working, social and pantry areas for refueling, and break-out spaces for unwinding.

Idea Co-Working Facility provides a wide range such as 24-hour access, security, housekeeping and tech-enabled workplaces and

Freedom and Adaptability

In order to suit your company at every stage of development, our coworking spaces provide adaptable spaces. The flexible floor plans of Idea Co-Working business centers are designed to accommodate a range of company models. These coworking spaces provide you the flexibility to increase your office space as needed.

Meet, Network, and Grow

The people that work in coworking spaces come from all kinds of businesses. You get to meet with company owners and leaders in the sector who could be interested in working together and developing new business opportunities.

The Future of Coworking Space

 Currently, there are more than 300 co-working operators in India, each having their own distinct modus operandi. IDEA Co-Working is the prominent players offering the best coworking spaces in India.

In India, about $400 million in investments are expected to be received in the coworking segment.

Thus, the future of co-working in India will shape purely based on what type of demand is generated. The younger workforce and the growing need to keep them motivated and satisfied in the work environment might be a crucial factor in the coming years.