01 Jul 2019
Large players with large co-working spaces
Today, there are close to 200 co-working operators running an estimated 400+ facilities across the country. Notably, the five major co-working players in India—Regus, WeWork, CoWrks, Awfis, Smartworks—have 0.79 million sq m (8.5 million sq ft) operational space, as per Knight Frank.
In India, Regus’s network spans 16 cities and 120 locations, offering a combination of private offices and co-working options. It currently has about 0.2 million sq m (2 million sq ft) and 20,000 seats under operation, as per a Knight Frank report.
CoWrks currently operates 2 million sq ft of office space across cities, with 25 centres in Bengaluru, Mumbai, Delhi-NCR, Chennai and Hyderabad.
Awfis currently has 30,000 seats across 63 centres in 10 cities, including Mumbai, Bengaluru, Delhi-NCR, Kolkata, Pune, Hyderabad and Chandigarh.
Smartworks has a total footprint of over 2 million sq ft across 22centres in nine cities across the country. It is present in Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata and Pune, with multiple facilities in each city. Last December, it launched one of its biggest facilities—3 lakh sqft—in Bengaluru (the third in the city).
Currently, Workafella has 9,000 fully functional operational seats and 6,000 seats in the fitout stage across four cities: Chennai, Hyderabad, Bengaluru and Mumbai. It recently launched ‘Hi-Street’, a statuesque 1.5 lakh sq ft, 12-storiedbuilding, in Chennai.
Brigade’s BuzzWorks has currently launched 200 seats in Whitefield and North Bengaluru, and has multiple centres under fitouts.
SERAPHINA D’SOUZA
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