Generally speaking, the definition of coworking is when people assemble in a neutral space to work independently on different projects, or in groups on the same projects. It’s different than a typical office workspace because the people in a coworking environment generally aren’t working for the same company. Coworking spaces offer the same amenities you would find in a traditional office, along with a lot more. A major differentiator is a flexibility since you don’t need to sign a long-term lease in a coworking space.
Best cities to have office spaces
India is one of the fastest-growing networks of spaces in the world. According to JLL( Jones Lang Lasalle), the office spaces in the top best cities in India are Delhi-NCR, Mumbai, Bengaluru, Pune, Kolkata, Hyderabad, and Chennai. These cities stood at 642 million square feet in 2020. Out of these cities, Delhi-NCR and Bengaluru account for 64% of the total office space.
With the Indian Market getting bigger every year, the need of creating a good office space is also increasing. People usually think it’s easy to select the right location, but it’s more instrumental than people think it is. It not only helps you to form new connections that come in for the long run but also generates a good flow of businesses.
The office space which offers you great business opportunities is always better than a cheap space with hardly any or few assured opportunities. Nowadays many of the smaller cities have also converted to industrial areas, This is one of the best things that happened in India in the last decade. With the change, the idea of work has advanced gradually over time.
List of top 10 best cities to have office workspaces
Let us take a look at some of the 10 top cities across India that are best for setting up your office space, where most people can come and join your space for productivity. Here are the top 10 cities of India, which have the best office space to set up your office.
Bengaluru is known as “The Silicon Valley of India”. Bengaluru is the first real industrial city in India that has a large number of the best workspaces. Bengaluru accounts for almost 37% of the share with Delhi and Mumbai having a total share of 69%. 27.4 million square feet in 2021 led by Bengaluru. It falls in the top brackets of the cities with the maximum opportunities. Software or IT departments have a lot of scope in Bengaluru. You need to note that software and IT offices are most profitable for your business here. This is because an infinite number of software or IT offices are here with much of the scope in this field.
Delhi is known as the capital city of India. Many cities in India are popular for being special for a particular kind of industry. Delhi is the only city in the whole country where every kind of industry flourishes in the best possible manner. The whole world is connected to the capital city of the country. There is no lack of opportunities in Delhi which leads to many floushiring coworking spaces in Delhi. People who are working in Delhi know almost everything in every field. They are here to learn the best skills and get knowledge by seeing the workings of the city.
Pune, nowadays Pune has become the new popular industrial market in India. Most of the major companies are setting up their offices in Pune. As all the major companies have joined Pune, this leads to many small companies making a startup over there or just joining the big companies to save their cost. If you will see Pune from the financial point of view, it’s relatively cheaper than most workplaces in other cities. This is the main reason why the small companies shifted their business in Pune.
Mumbai is one of the most important cities in India. It is the city with the highest GDP of all the cities. It is a very powerful city in terms of business opportunities. The workplace you search for is costly, but you will get a good return on investment. You will get as many resources and amenities as you want for your business and the team. Mumbai is so well-developed that you will not face difficulties in finding labor, land, etc. You can easily send your company products abroad here in Mumbai.
In south India, Hyderabad is one of the fastest-growing industrial cities. It has unremarkable growth in almost all sectors of industries. Whether it can be Entertainment, IT, Pharmaceutical, Digital marketing, etc. Setting up coworking space in Hyderabad can give a good profit. And the team members will enjoy working in Hyderabad. It’s a very good city for setting up your workspace here.
Chennai is another major hub of industries in south India. Chennai has established itself in the country in every field. It is one of the most known cities in India. Most of the exports and imports are done in Chennai. As compared to Bengaluru it is much cheaper, you can establish your workspace there at a cheap rate of everything.
Kochi has the biggest core industrial hub in Kerala. It has set up its base with many big companies. As compared to any other location, Kochi is the newer location. Getting human and labour capital at low rates is easier here. Kochi is relatively a small city as compared to other cities, so it’s easy to find and start your business there.
Coimbatore lies between Bengaluru, Chennai, and Kochi. It is one of the fastest-growing hubs in Southern India. The main reason for this is the location of the city lies between three major cities. Coimbatore has very easy transportation services. Here you can find cheap human capital as compared to the other cities. You can easily set up your business here and you will get all the necessary things easily.
Chandigarh is the most well-planned and well-developed city in the country. You can easily get all the necessary amenities for your business. Chandigarh is a very good city for you to start your workspace in. It’s quite a costly city but it has a good environment and cleanliness to start your office here. Still, a number of coworking spaces in Chandigarh are available for anyone to rent or buy.
Ahmedabad is recently emerging as a great city to set up your business in. It recruits thousands of people every month with job opportunities. It serves as giving employment to the people by giving them a job. As other big industrial cities of Mumbai are fast in recruiting the people. Mumbai is at the first in this employment process and recently Ahmedabad is becoming a second home for job seekers all over the country.
According to the recent trend, it has been seen that in this last decade the small cities are emerging as great ones to work in and set up your workspace. This is generally because big cities like Bengaluru, Delhi-NCR, Mumbai, and Chennai don’t have a lot of space to create the workspaces. These cities are all filled up already. It’s quite interesting to see the demographic changes that occur all over the country in the upcoming years.