The spaces existed prior to the pandemic, but they simply considered yet another innovative idea. But the pandemic came along, and the entire notion of co-working or flex spaces changed. COVID 19 redefined the need for office spaces, and co-working spaces were the best option even for big businesses as they clearly outstrip the risk factors.
Hyderabad is currently emerging as a key hub for flexible space providers or co-working spaces, contributing to about 8 percent of overall India’s co-working space footprint in terms of the number of centers being operated in the city.
Companies like Awfis have set up shop in the city, and they have a center at Rajapushpa Summit in the Financial District, and the firm is on the brink of opening yet another center in the city. Smartworks, managed by Agile, has been operating its first co-working facility at Purva Summit in Hyderabad, and its second facility will open at Aurobindo Galaxy, where it hopes to have good traction.
Neetish Sarda, the founder of Smartworks, shares that they have 2.3 lakh sq ft of space in the second building and are planning to add more floors as the demand is surging. He says they are seeing tangible momentum at our workspaces, as their spaces give clients agility to meet their specific requirements during COVID times.
He further reveals that his firm will be focusing on micro-markets, Hi-Tec city, and financial district. While health and wellness are a priority, there is increased demand for Grade A properties with superior infrastructure. Those in the segment share that the inclusion of digital infrastructure and smart facilities will also contribute towards achieving greater operational efficiency, reduced energy consumption, and customer retention.