Last Updated on March 8, 2024 by Admin
Coworking spaces or shared offices are gaining momentum across the country and as many as 13 million people, equivalent to the current population of India’s Silicon Valley Bengaluru, are expected to work out of such offices across India by 2024. We have tried here to provide the list of the best coworking spaces in India.
Many startups and an increasing number of companies prefer co-working spaces to conventional office spaces due to lower rentals, savings on operational costs, and a more flexible work environment. A company can save as much as 30% on the operational cost alone, according to some estimates.
In recent times, a lot of companies have started coworking spaces, some of the best coworking spaces in India we have listed down here. Kindly check this All you want to know about the Coworking Spaces in India.
Besides, the lock-in period for co-working spaces varies between one and three years while companies lease conventional office spaces for five years followed by another five years, or for three years.
Coworking Spaces India: A 2024 Snapshot
In 2024, the coworking space industry in India continues to show significant growth and dynamism. The sector is experiencing a robust demand, with coworking spaces doubling in the past four years and becoming increasingly popular among businesses, especially post-pandemic. This demand is reflected in coworking spaces representing a 27% share of the net absorption of office space across the top seven cities in the first quarter of 2023, a substantial increase from 14% in the first quarter of 2019​.
The coworking office space market in India is expected to reach USD 2.72 billion by 2029, growing at a CAGR of 7% during the forecast period from 2024 to 2029. This growth is attributed to several factors, including the increased number of startups, the shift from traditional offices to flexible workspaces, and the advantages coworking spaces offer such as cost efficiency, flexibility, tech integrations, and networking opportunities​.
Bengaluru and the National Capital Region (NCR) lead coworking space absorption, accounting for two-thirds of the net absorption in Q1 2023. Other cities like Pune and Chennai also showed significant absorption of coworking spaces. The coworking industry’s appeal lies in its varied locations—including residential areas, malls, and hotels—and its cost-effectiveness compared to traditional offices​.
This landscape indicates a clear trend towards a more flexible, efficient, and community-oriented approach to workspace solutions, signaling a bright future for the coworking sector in India.
Shared Office Spaces in India
We have compiled a list of the best coworking spaces operating in six major Indian cities in 2024. Find here the best coworking space in India from Bangalore, coworking space Gurgaon, coworking space in Mumbai, coworking space Delhi, coworking space in Pune, coworking space Noida, coworking space Chennai and coworking spaces in Hyderabad. The coworking spaces from the other major Indian cities are also listed down here.
Below is the list of the best coworking spaces in India, & shared office spaces in India 2024. Find here the best coworking spaces in Mumbai, Pune, Bangalore, Delhi NCR, Chennai, and Hyderabad. This list is not based on any ranking.
Mumbai Coworking Spaces
- WeWork
- The Hive
- Mumbai Coworking
- Awfis Space Solutions
- Â 91 Springboard
- Regus
- Work Square
- The Empire Business Center
- The Playce
- Bombay Connect
- Venture Catalysts
- IShareSpace
- WorkLoft
- Rise Mumbai
- Geekout
- Our First Office
- Harkat Studios
- Ministry of New
- SpaceWorks
- iKeva
- The Mosaic Coworking Space Mumbai
- The Space
- CoWrks
- Mascots
Pune Coworking Spaces
- Awfis Space Solutions
- 91springboard
- Â The Mesh
- Entrepreneur Facilitation Centre and Development(EFC)
- Regus
- E-LoftÂ
- Trios
- The Daftar
- The Worklab
- Indiqube
- Bootstart
- Inscape
- STARTHUB
- Smartworks
- THE SPACE
- Cowork Studio
- Breathing Room
Bangalore Coworking Spaces
The best coworking spaces in Bangalore city
- WeWork
- Awfis Space Solutions
- BHIVE Workspace
- Bangalore CoWorking Hub
- CoWork Café
- GoodWorksCoWork
- 91Springboard
- Workafella
- IShareSpace
- Startup Warehouse
- Bangalore Alpha Lab (BAL)
- Innov8
- InstaOffice
- CoWork India
- IndiQube
- Novel office
- Jaaga
- Cobalt BLR
- Gopalan Coworks
- Ikeva
- StartupHuts
- CoWrks
- Workshaala
- Kafnu
Delhi NCR Region Coworking Spaces
List of the best coworking spaces in India in Delhi NCR region
- Innov8
- 91SpringBoard
- Â Investopad
- Stirring Minds
- Inhwa Business Centre
- UnBoxed
- Experia Media
- CoworkIn
- Social Offline
- The Studio
- The Office PassÂ
- Sprout BoxÂ
- CoWrks
- Â MY HQÂ
- Instaoffice
- MHS Collective
- Switch Cowork
- Un-Boxed
- AltF Coworking
Chennai Coworking spaces
The following are the best coworking spaces in India in the city of Chennai.
- Karya Space
- The Works
- Karya Space
- IkevaÂ
- SwaStart
- The Startup Center (TSC)
- WSquare
- Doxa Business Center
- Workafella by Workenstein
- CoWrks
- SpaceWorksÂ
Hyderabad Coworking Spaces
The list of the best coworking spaces in India in Hyderabad city
- Collab House
- Collaborate
- 91springboard
- Co-work zone
- Unispace Business Centre
- Hatchstation
- OurHub
- Rent A Desk
- The Valley
- The Lift Coworking
- iKeva
- CoKarma
- InstaOffice
- Coworkinghub
- Co.Lab.Orate
- CoWrks
The Takeaway
India has become a vibrant hub for coworking spaces, catering to freelancers, startups, and established businesses seeking flexible and collaborative work environments. The best coworking spaces in India are known for their dynamic communities, state-of-the-art facilities, and networking opportunities. A coworking space company typically offers a range of services including high-speed internet, meeting rooms, and communal areas to foster collaboration and innovation.
The list of coworking companies in India is extensive, reflecting the country’s growing demand for flexible office spaces. These companies vary in size, location, and the amenities they offer, catering to a diverse clientele. The top 10 best coworking spaces in India stand out for their exceptional services, strategic locations, and the communities they build. These spaces not only provide a place to work but also act as incubators for ideas and connections.
Coworking startups in India have also seen a significant rise, driven by the country’s booming startup ecosystem. These coworking spaces are often tailored to meet the needs of young businesses, offering not just workspace but also mentorship, access to investors, and growth workshops. The coworking space companies are integral to supporting India’s entrepreneurial spirit, providing the infrastructure and community needed to foster innovation.
Among the top coworking companies in the world, several have a strong presence in India, indicating the country’s strategic importance in the global coworking landscape. The biggest coworking companies in India have expanded rapidly, thanks to the increasing acceptance of coworking among businesses of all sizes. They compete not just on space and price but also on the unique experiences and networks they offer to their members.
The coworking space industry in India has witnessed exponential growth over the last few years, transforming the way people think about workspaces. This industry’s rise is a testament to the changing work culture in India, emphasizing flexibility, community, and collaboration.
Innov8 coworking is one such name that has made a significant impact on the Indian coworking scene. Known for its beautifully designed spaces and vibrant community, Innov8 has become a preferred choice for many entrepreneurs, freelancers, and businesses looking for an inspiring environment to work and grow.
In conclusion, the coworking space trend in India is on the rise, supported by an array of coworking space companies and startups that cater to a diverse range of needs. From the top coworking companies in the world to local startups like Innov8, the Indian coworking space industry is vibrant and bustling, offering more than just a desk but a community and a lifestyle that appeals to the modern professional.
We will keep on adding more companies to the above list. If your company is working in the same domain and would like to add your company name to the list, send us an e-mail to info@constructionplacements.com.Â
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FAQs
The largest coworking space in India is often subject to change as new spaces open and existing ones expand. As of my last update, large players like WeWork, Awfis, and CoWrks have established extensive networks across major cities, offering vast areas of shared workspace designed to cater to a diverse professional community.
The best co-working space depends on individual needs, including location, amenities, community, and budget. Popular options like WeWork, Innov8, and 91springboard are highly regarded for their comprehensive services, networking opportunities, and flexible workspace solutions that cater to startups, freelancers, and large corporations alike.
Coworking spaces have shown profitability in India, especially in urban and metro areas where there is a high demand for flexible and affordable office solutions. Their success is driven by the growing startup ecosystem, the freelance economy, and companies looking for dynamic and collaborative work environments.
In India, several excellent WeWork alternatives offer similar amenities and community benefits. These include 91springboard, Innov8, Awfis, and CoWrks, known for their vibrant workspaces, robust community events, and flexible membership plans that cater to diverse professional needs.
Policies on sleeping in coworking spaces vary by location and provider. While most coworking spaces are designed for work and collaboration, some may offer relaxation zones or lounges where short rests are permissible. However, it’s best to check with the specific coworking space’s policy regarding sleeping on the premises.
