Traditional businesses have undergone a sea change in the last year. The pandemic has changed the rule book of how work is done across all sectors. With decentralization becoming the new ‘mantra’ India Inc is slowly and steadily jumping on the bandwagon.
The concept of co-working emerged in India about a decade back and has slowly taken the country by storm. In 2015 globally there were 7,800 shared spaces where half a million people were working and this number has burgeoned to 35000 co-working spaces in just 6 six years to evolve as a $26 billion business opportunity.
One of the most exciting domains of the commercial real estate sector is the emergence of coworking spaces. A mushrooming trend in India, it has changed the face of how entrepreneurs, start-ups and now big corporations work. With 2020 being hard on all sectors including coworking 2021 looks promising already.
With uncertainty still looming over the status of the pandemic, it’s been over a year since life was thrown off-guard. The disruption has been immense and its impact insightful and enduring—affecting both professional and personal lives.
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