Amidst several Covid-19-induced changes within the Indian real estate, many developers are now mulling the viability of incorporating coworking spaces in their residential projects to align with the new work-from-home (WFH) realities. There are at least two possibilities – retrofitting co-working spaces into existing clubhouses, and incorporating such a feature at the very design stage
The commercial real estate has been a reliable mainstay of the domestic realty sector. It remained “vibrant” even when residential property was in the doldrums. Now, the coronavirus has thrown a serious spanner into the “works” of the lucrative real estate segment for at least next two quarters, says Ashutosh Limaye, director & head –
Flexible space and Coworking space are the new formats of offices that are gaining steam across the country. While the former offers managed space for one company with customised amenities, the latter provides shared space for smaller companies with common facilities. The flexible space take-up in the country has reached about 4.6 million sft in
With its entry into China, Space Matrix affirms a stronger foothold in North Asia with presence across 14 cities globally. As a part of its vision to expand footprints across Asia, Singapore-based workplace design and build consultancy Space Matrix today announced its expansion into China by acquiring the interior design and construction company Muraya. With
A new workspace business model is gaining momentum in the country, as MNC and domestic players roll out seamless working environments for employers and employees. This trend augers well for building products and allied industry players. The coworking concept is emerging as the next big thing in the office space market. The new genre of
NCUBE Planning & Design (formerly NELSON India), a coworking design specialist, has designed 40 such spaces in Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Kolkata, Pune and Chennai over last two years. The company’s COO Sandeep Roy shares his thoughts on what is driving preference for this new office genre. By Mrinmoy Bhattacharjee Economic Proposition It is a
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