With entrepreneurial ambitions soaring and enterprises looking at alternative satellite workspaces, coworking spaces have witnessed an enormous surge both worldwide and in the country despite the concerns posed by Covid-19.
With largescale brands alone, the total number of spaces is forecasted to hit almost 26,000 by 2022 (Source: Coworkingresources). More than 2,500 new coworking spaces are added worldwide per year, many among these captured by fresh standalone entrants. That’s a staggering figure in foresight and the latest city to have caught on to this coworking bug is to no surprise, Hyderabad!
Famously known as the Nizams’ city, Hyderabad is quickly unfolding into India’s most rapidly developing city and is perpetually attracting entrepreneurs, startups, freelancers, and business enterprises.
Hyderabad undoubtedly represents a culmination of north meets south, where individuals of various societies, customs, and socio-economic backgrounds live collaboratively. This multi-social environment hones homegrown business visionaries and multinationals, encouraging them to locate their base in Hyderabad.
But what makes this city so desirable as a coworking destination?
This city has developed a distinguished business environment for trade and commerce across the years, giving rise to coworking spaces. Alternatively, Hyderabad also houses some of the most prominent IT names in the industry, such as Microsoft and Google, wherein these multinationals hire people locally and globally, promoting a diversified work culture. This is why certain bustling areas receive more traffic, mainly searching for coworking spaces in the IT corridor Hyderabad.
Opting for a coworking space presents the following advantages:
1. The flexibility of office spaces
With more and more entrepreneurs today opting for a shared work environment and demand from larger enterprises and organizations looking to decentralize their workforces into smaller branch offices and remote teams into private flex offices, coworking spaces are mushrooming like never before. This huge demand for flexible and on-demand spaces that cater to teams of any size has led to the diversification of products led primarily by private offices, built-to-suit offices and finally followed by dedicated desks and hot desks.
2. Affordable prices
Across the world, coworking spaces have started gaining popularity triggered by the concept of sharing economy. Most startups cannot afford the high expense associated with commercial real estate offices while also aspiring to be a part of an environment that projects innovation and collaboration. The good news is that there is no dearth of cheap coworking spaces in Hyderabad. Most are instituted on providing operational efficiency, custom-built office options, flexibility to opt-in or opt-out for more workstations as required, making it more feasible for budding firms over a longer tenure.
3. Connections and Community
Coworking spaces are interpreted as member-driven workspaces, where diverse groups of freelancers, remote workers, and other independent professionals all work collectively in a shared, communal setting. While regular offices restrict employees within four walls, giving them no access to meet people of diverse fields, Coworking spaces are considered more fun and diverse. It allows you to network with people from different professions and get an insight into their work. It also helps you professionally grow and develop by invariably stimulating creative thinking and problem-solving skills.
4. Productivity inducing Work culture
Giving founders the freedom and drive to focus on their vision and build a brand around it drives success for a business. Being a fully managed space with the additional benefit of collaborating with a similarly minded community, shared offices act as the final icing on the cake. You work in very close quarters with other creative and innovative entrepreneurs, freelancers, small businesses, or startups in a coworking space. This can prove to be incredibly inspirational and boost your productivity. By collaborating with others in your shared office environment, you can even obtain advice, feel empowerment, brainstorm, gather new perspectives, and ultimately learn unceasingly. If these factors make you excited to get going in a combined collaborative work environment, look no further than our top coworking spaces in Hyderabad located advantageously in the Central Business District and the city’s IT corridors. Our carefully built spaces reflect the highest quality standards allowing you to conduct all your business needs seamlessly.