CO­WORK­ING SPA­CES

Hindustan Times (Chandigarh) - Estates - - ESTATE -

The real-es­tate mar­ket has de­vel­oped a whole new seg­ment over the past decade. There were no co-work­ing spa­ces un­til the mid­dle of the last decade, and now there are so many, amid de­mand grow­ing so quickly, that it’s be­come a seg­ment all its own.

It’s a re­flec­tion of how we’ve changed too.

This is a gen­er­a­tion that thinks, lives and works dif­fer­ently from its pre­de­ces­sors.

They free­lance, make their own hours and take their own risks. And they do it all in the new, brightly coloured spa­ces where they can book a slot for a few hours, a day, a week or even a month.

A re­port re­leased by realty con­sul­tancy CBRE last month es­ti­mates that co-work­ing space in In­dia will touch 10 mil­lion sq ft by 2020.

It’s no longer just free­lancers and start-ups ei­ther. “Staff at small emerg­ing busi­nesses are also look­ing to co-work­ing spa­ces to max­imise their pro­duc­tiv­ity,” says Ramesh Nair, CEO and coun­try head at JLL In­dia.

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