India’s co-working industry begins to take roots: Survey

India’s co-working industry begins to take roots: Survey

Employees of different companies work in a common hall in Bengaluru, India. File/Reuters



V Nagarajan

The Indian co-working story has firmly taken root in India's foremost office markets since 2017. Initially tailored to attract the quintessential startup with their pay-by-day and plug-and-play premise, co-working companies have now graduated to fulfilling the office space requirements of the mainstream occupier.

Today, the membership roster of India's premiere co-working operators is dominated by Fortune 500 companies and the top companies listed in the country's stock exchanges, according to a survey by property consultants Knight Frank India. Co-working is an arrangement in which workers of different companies share an office space, allowing cost savings and convenience through the use of common infrastructure.

The co-working engine was fueled by private equity investors looking to cash in on a high growth opportunity. This growth capital spurred an expansion spree that saw co-working