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Pull Up A Chair: Co-Working Spaces Are Changing Again

Even in the few years that they’ve been around, coworking spaces have changed and changed again. The Hive is setting up spaces at shopping centres in Gurugram and Pune and malls in Mumbai, Chennai and Hyderabad. And the Luxembourg-based International Workplace Group has seven centres in shopping complexes across Delhi-NCR, Bengaluru, Hyderabad, Jaipur and Chennai. 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. “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. “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 sqft are coming up across the cities. “Mixed-use developments are working well for the real-estate sector, says Pankaj Renjhen, chief operating officer at Virtuous Retail South Asia, that rus VR Bengaluru, a high-end shopping centre that also hosts a 1 lakh sq ft co-working space by The Hive.”.

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