Pull up a chair

Watch a movie, grab a read, shop or even play while at work as cowork­ing spa­ces move into high­end malls and five­star ho­tels for bet­ter in­te­grated work ecosys­tem

Hindustan Times (Chandigarh) - Estates - - FRONT PAGE - Lav­ina Mulchan­dani lav­ina.mulchan­dani@htlive.com

Even in the few years that they’ve been around, cowork­ing spa­ces have changed and changed again. They’ ve gone from the café model to the high-tech of­fice model, low­cost to ex­tremely high-cost op­tions. And now, they’re also mov­ing into malls and five-star ho­tels.

The cowork­ing spa­ces brand Aw­fis now has cen­tres at the Taj Dec­can in Hy­der­abad, Nu­cleus Mall in Pu ne, Raghu leela Mall in Vashi and three malls in Gu­ru­gram.

The H ive is set­ting up space sat shop­ping cen­tres in Gu­ru­gram, Hy­der­abad and Pu ne and mall sin Mumbai, Bengaluru, Chennai and Hy­der­abad. And the Lux­em­bourg- based In­ter­na­tional Work­place Group( IWG)h ass even cen­tres in shop­ping com­plexes across Delhi-NCR, Bengaluru, Hy­der­abad, Jaipur and Chen nai.

The aim is to pro­vide in­te­grated work ecosys­tems where you can work, eat, drink and shop, while also pro­vid­ing ad­di­tional foot­fall for the spa­ces them­selves.

“There are sev­eral perks in hav­ing workspaces in malls and ho­tels. You get ev­ery­thing in one place—a desk, a movie, shop­ping at the stores and food from the food court. We also get in-built se­cu­rity ser­vices and main­te­nance taken care of,” says Ankit Sam­dariya, CEO of The Hive. Rents are lower in malls that have un­used spa­ces. “You also get am­ple park­ing,” Sam­dariya adds.

In space-starved cities, the trend of cowork­ing spa­ces in malls and ho­tels is also help­ing utilise space bet­ter.

“The de­mand for all-in-one spa­ces is in­creas­ing. Young pro­fes­sion­als want a vi­brant so­cial en­vi­ron­ment while at work and the cowork­ing com­pa­nies are ca­ter­ing to this de­mand by rent­ing flex­i­ble spa­ces that come with added ameni­ties,” says Pankaj Kapoor, CEO of real-es­tate con­sul­tancy Li­ases Fo­ras.

Star­tups and es­tab­lished cor­po­ra­tions are also choos­ing ser­viced and flex­i­ble workspaces over large, con­ven­tional spa­ces. “It helps malls get steady rent from the spa­ces that are less pop­u­lar among re­tail­ers too,” Kapoor says.

Ac­cord­ing to Anarock Prop­erty Con­sul­tants, over 30 new shop­ping malls cov­er­ing 14 mil­lion sq ft are com­ing up across the cities.

“Lead­ing real es­tate de­vel­op­ers such as DLF, Pres­tige, Brigade Phoenix Mills and L&T are con­struct­ing new malls,” says Amit Ra­mani, CEO and founder of Aw­fis, the cowork­ing spa­ces brand.

“Mixed-use de­vel­op­ments are work­ing well for the real-es­tate sec­tor, says Pankaj Ren­jhen, the chief op­er­at­ing of­fi­cer at VR Bengaluru, a high-end shop-ping cen­tre that also hosts a one lakh sqft co-work­ing space by The Hive.

“Em­ploy­ees work­ing here get ac­cess to an in­ter­est­ing and vi­brant workspace at not-so- big a cost and com­pa­nies are look­ing to re­duce their ini­tial in­vest­ment, so it’s a win-win,” says Ra­mani.

The Hive col­lab­o­ra­tion lounge aims to pro­vide in­te­grated work ecosys­tems where you can eat, watch a football match and shop while you are at work.

A feather on the cap for Aw­fis’s cowork­ing space is their food and bev­er­age counter.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.