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co-working

GoWork launches a Community & Experience Management App, called ‘Engage’

BlackRock funded co-working campus GoWork launches its first-ever Community & Experience Management App, called ‘Engage’. With the launch of this App, the Gurgaon based co-working leader aims to offer a seamless digital experience to its community members. Engage will enable GoWork members to have real-time query resolution with its online concierge, enable collaborations between organizations, the participation of members in community events and online booking of amenities such as the meeting rooms and sleeping pods, among others. Using Engage, community members can also avail members-only discounts on various brands that GoWork has collaborated with, to offer an enhanced experience to its members. Speaking on the launch, GoWork’s CEO, Sudeep Singh said, “We have launched ‘Engage’ wit...

CII-CBRE launches a joint report: ‘Real Estate – A Relook’

CII in association with its knowledge partner CBRE, today released a joint report ‘Real Estate – A Relook’ at the XV edition of its flagship conference on Real Estate – CII CBRE REALTY 2019. Addressing the real estate fraternity at the conference, Mr. Hardeep Singh Puri, Hon’ble Minister of State for Housing and Urban Affairs, Civil Aviation (I/C) and Commerce & Industry, Government of India said, “Introduction of RERA has led to a truly revolutionary phase in the history of real estate. With the transparency, reforms, and regulation that these new policies have brought to the sector, now is the time to enter into the new technology-driven approach; building green and eco-friendly homes.” The CII-CBRE knowledge paper ‘Real Estate – A Relook’ was unveiled by Mr. Hardeep Singh Puri...

Embassy Group brings yet another Global Asset Class to India with Co-Living

Embassy Group, India’s leading real estate developer, forays into the co-living asset class under EPDPL Co-Living Private Limited to cater to the growing migrant millennial workforce, which will revolutionize their lifestyle and standard of living. This type of workforce in the top seven cities in the services sector is estimated to reach 7m by 2023, as reported by JLL thus making the concept of co-living the “next big thing” with its market potential worth $93 billion per year as reported by PropTiger. Embassy Group is starting this new co-living business initiative with 20,000 beds to be built on its existing land portfolio and targets to reach over 100,000 owned and operated beds in the next five years. A market leader in commercial and residential spaces, Embassy Group will target stud...

India Works the Co-Working Way – RealtyMyths

by Shefali Gautam Today, where almost all the sectors are experiencing a change, real estate is no more left behind. From housing demands to infra culture to shift in commercial spaces, the realty market has seen a holistic transformation in the past few years. Co-working space is the new catchword in the realty market. It is one of the fastest growing spaces in the commercial real estate segment. The exploding start-ups firstly created the demand for co-working spaces but now big corporations and Multi-Nationals are also stepping out of their conventional office set-ups, triggering the growth further. Considering the recent changes in the commercial space, arguably the most fascinating one is the emergence of co-working spaces. The arrival of co-working spaces has changed the conventional...

Top 5 trends in office interior designing – RealtyMyths

by Ankana Mitra With the passing years, the job seekers have evolved tremendously. Now, apart from a good package, the job seekers are looking for a workplace where they wouldn’t mind coming daily, which is exciting and offers a creative vibe that inspires them to generate fresh ideas. That is why the corporate real estate sector is focusing on interior designing now more than ever. Earlier the interiors were done specifically to put an impression on the clients. Whereas now about 40% of focus has been shifted to employee satisfaction, to provide them with a flexible environment. And it is safe to say that this benefits the company in return as flexibility improves employee productivity, and encourage better collaboration among team members, along with saving overhead costs in many cases. ...

Corporatedge Unveils 20,000 sq. ft. Office Facility in Delhi

-Announces national plan. -Opens its 4th Facility at Hindustan Times House, Connaught Place. -Announces its Bangalore Facility opening in August 2019 at ITC Green Centre. Corporatedge, premium business centre unveils its premium serviced office space today, located at K.G. Marg in the iconic Hindustan Times Building. Space is being inspired and designed by Lutyens era. The offices and meeting rooms come with state-of-the-art interiors, modern IT&T infrastructure and all ultra modern facilities. It provides an ideal set up for multi-nationals who want to have quality workspaces for their team so that they can work in a hassle-free environment, which boosts productivity. This facility is spread over 20,000 sq feet and will house 200+ seats, 35 private office suites and has been set up wi...

The New Star of Indian Rental Housing : Co-living – RealtyMyths

Co-living, like car-pooling and co-working, is the result of demand for more evolved rental housing solutions coming from millennials, students and young working professionals whose choices differ vastly from those of previous generations. Currently, this new accommodation option is most popular with young and unmarried millennials aged anywhere between 20-30 years. Professionals who don’t live with their families in the city of work are also considering this option. Co-living provides such individuals with a way to circumvent the isolation and loneliness that is often integral to a hectic, driven urban experience. While the primary demand for co-living spaces currently comes from such tenants, the concept itself is a lot more ‘accommodating’. In fact, the future may very possi...

The Future of the Commercial Indian Real Estate Sector – RealtyMyths

by Mr Arnab Ghosh, Director, Synergy Property Development Service The commercial real estate sector in India is predicted to grow in the coming years; this upward trend specific to the sector has been further accelerated by large scale investments by institutional investors. These have helped consolidate the sector and bring in much-needed order to the field. The commercial real estate market remains a strong beneficiary of India’s economic growth. The commercial segment has been greatly boosted by government initiatives such as Make in India and other reforms in the realty sector such as the introduction of the Real Estate Regulatory Authority (RERA) and GST. Despite their initial troubles, developers and buyers have now hailed the move due to the resulting transparency and competence of ...

315 Work Avenue adds 1.25 lakh sq ft space – RealtyMyths

Leading co-working space provider, 315 Work Avenue (formerly known as Incubex NestaVera), has signed up a whopping 1.25 lakh sq ft space in the Bangalore across 2 CBD locations to expand its business and cater to the rising demand of flexible space. The deal, one of the largest in co-working space leasing, is part of company’s plans to beef up its total portfolio to 1 million sq ft in the next 1 year with a focus on south and west India. As part of its investment plan of around Rs. 100 crore announced recently, 315 Work Avenue aims to bolster its network across Bangalore and expand to other cities such as Hyderabad, Pune & Mumbai. 315 Work Avenue currently manages around 3 lakh sq ft office spaces spread across multiple prime locations in Bangalore. Presently, the company has around 60...

Garage Society Launches 3 more Co-Working Centers – RealtyMyths

Adds 2,900 seats across new workspaces; takes total tally up to 3,200 After the success of Garage Cyber Greens, Hong Kong based co-working start-up, Garage Society today announced its plans to launch new co-working spaces in three new locations across Gurgaon. Garage Society’s combined coworking spaces now cover over 1,50,000 square feet of space spread over 4 locations. These new spaces offer a total of 2,900 seats, which are designed to include all modern office amenities. Garage 270 in Udyog Vihar has the capacity to seat 1800 members and offers multiple F&B options, daycare facility and last mile connectivity, and has received an overwhelming response. This workspace will also feature one of a kind community terrace garden which will be used for urban farming. In addition to the ab...

How the rise of co-working space is influencing workplace designs – RealtyMyths

  The concept of a shared office has witnessed unprecedented growth over the last few years and has literally revolutionised the way the world and Indians work. Co-working spaces, as they are better known, are helping people find flexible, productive workspace options. Globally as well as in India, the growth of this concept can largely be attributed to a start-up ecosystem, whose preference for co-working space is due to a multitude of reasons. It includes lower rentals, savings on operational costs and a more flexible work environment. At present, India has about 300 co-working spaces spread over 15 million sqft. The demand will continue to rise across the country so much that about 13 million people are expected to work in coworking spaces by 2020. It is interesting to note how the...

Co-working: Work-spaces for Indian Millennials – RealtyMyths

Bengaluru, NCR and Mumbai, followed by Hyderabad and Chennai currently offer the best opportunities India is the world’s youngest start-up nation with >70% founders less than 35 years of age India has emerged as one of the world’s most-preferred investment markets, thanks to its thriving economy, burgeoning start-up ecosystem, and its ever-deepening talent pool. With businesses big and small continuing to grow and broaden their horizons, expensive real estate coupled with new-age professional’s desire to work in an aesthetically appealing environment has spurred demand for collaborative workspaces in India. In fact, the new millennial workforce will accelerate this changing office dynamic further in the years to come. As per statistics, millennials are set to form 50% of the global work...

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