Coworking is a new trend which is going to dominate India real soon. The startup culture is booming and with that comes a horde of employment opportunities for young professionals. With India inching its way to providing Internet access to remote parts of the country and Reliance Jio taking Indian consumers by storm, work-from-home is becoming popular and lesser and lesser employees are turning up at their offices every single day. Thus, it is becoming impractical for companies to spend huge amounts on renting/buying office space.
Coworking is a style of work that involves a shared working environment. Those coworking are usually not employed by the same organization. They might be work-at-home professionals, independent contractors, or people who travel frequently who end up working in relative isolation. Coworking offers a solution to the problem of isolation that many freelancers experience while working at home, while at the same time letting them escape the distractions of home. Coworking spaces have also attracted corporations such as Alibaba in Shanghai as an easy form to expand office space.
Co-working spaces are popping up across Indian metros as well as Tier-II cities like Pune, providing startups with flexible working options at affordable rents. In other words, coworking operators and corporates will move into a ‘hybrid’ sort of space and increasingly rely on each other.
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