Market For Co-working Spaces in Hyderabad

Co-working Spaces in Hyderabad

Co-working Spaces in Hyderabad

Co-working Spaces in Hyderabad

Overview:

Coworking spaces are shared office environments for individuals, startups, and SMEs. These spaces have been progressing rapidly throughout the Globe by providing basic business infrastructure and opportunities for social interaction with global players worldwide.

Hyderabad is also gaining popularity as a startup & IT- hub in India for innovation and solving co-working spaces problems. The people are looking out for office spaces, as startups cannot afford to rent big office spaces. The demand for coworking space in Hyderabad is on an all-time rise after Telangana state formation.

Coworking is undeniably witnessing a rapid expansion and is also undergoing a huge evolution as well as adaptation to stay relevant and great-going as per the needs and expectations of the current as well as future members.

Demand for office space is rising in Hyderabad, due to expansion plans by information technology & IT-enabled services (IT/ITeS), banking, financial sector &  insurance (BFSI) players. Leasing has been very aggressive in Hyderabad in the past one year.

By the end of 2020, net office space absorption in the city is expected to reach nearly Bengaluru’s levels. Office space occupancy has reached 5.8 million square feet in the first half of 2019, from 1.5 million sq ft. in the same period of 2018. This has increased Hyderabad’s share in the total office space market to around 30%, from 8% in the same period last year.

Map of Co-working Spaces in Hyderabad

 

Here is the google map for Co-working Spaces in Hyderabad. This map shows the various Co-working Spaces in Hyderabad.

Co-working Spaces in Hyderabad

Co-working Spaces in Hyderabad

Demographics of Co-working Spaces

 

The most common demographics of co-working members produced surprising results. People are using co-working spaces as follows: 

Co-working Spaces in Hyderabad

Demographics of Co-working Spaces

  • 31% of people opted for Office spaces
  • Telecommuting & IT Industry constitute about 18%
  • Small business at 18%
  • Freelancing works up to 15%
  • Agencies at 13%
  • Back end office at 5%

How People are using Co-working Spaces

 

People are using the office space on an hourly, daily, weekly & monthly basis. The percentile is as follows: 

  • Hourly/Daily at 20%
  • Monthly stands at 15%
  • Weekly up to 55% 
  • Yearly at 10%
Co-working Spaces in Hyderabad

How People are using Co-working Spaces

Some people are also interested to occupy the spaces on a yearly basis. One in ten respondents showed interest in using coworking spaces during a busy work week. The seat requirements for most of the people are between 10-50 Spaces & some are interested to occupy 50-100 seats.

Wish list to occupy Co-working Spaces

 

Co-working Spaces in Hyderabad

Wish list to occupy Co-working Spaces

The wish list for most of the people is:

  • Better Office Furniture at 55%
  • Cleanliness & Amenities at 25%
  • Security at10% 
  • Internet and Wi-Fi up to 15% 

The cabin requirements for Co-working Spaces

 

Co-working Spaces in Hyderabad

Cabin requirements for Co-working Spaces

  • Fully furnished spaces at 45%
  • Spacious and equipped with quality accessories at 20%
  • Better seating and ergonomic arrangement at 20%
  • Low Maintenance, Easily portable at 10% 

Office layout for Co-working Spaces

 

The most preferable office layout for Co-working spaces are people opt for:

Co-working Spaces in Hyderabad

Office layout for Co-working Spaces

  • Cubicle spaces at 50%
  • Small collaborative cabins constitute 25%
  • Open floor plan at 15% 
  • Private cabins and personal spaces at 10%

When I researched the level of importance as well as the level of satisfaction at the workplace. People answered as follows:

  • Aesthetic appeal of the work environment is the main priority with 45% responses
  • The reflection of company image & brand as 30%
  • Natural light & visibility of co-workers as 25% respectively

The results of the Coworking spaces study in Hyderabad revealed that the most common demographics of companies that utilize coworking spaces are members of small organizations and startup teams. The most favorable time frame to occupy office spaces for most of the companies is on a weekly & monthly basis. 

Compared to the traditional office spaces the seating requirement for most of the businesses is between 10-50 seats. Office furniture, seating arrangement, amenities & security are the main priorities.

When it comes to work stations, cubicle spaces & private cabins are most company’s choices. Aesthetic appeal, office location, company brand & easy communication with co-workers are basic requirements.

As coworking proves to be a more flexible, economical, and productive option for companies and freelancers alike, these spaces will continue to be home to many different types of workers in a range of industries.

The primary reasons for the popularity of coworking spaces

 

Networking and Connection building

Entrepreneurs and freelancers can connect with like-minded people who will help them to get ideas and they can expand their network for mutual benefits.

Premium office facilities & Amenities

For startups, co-working spaces provide a perfect professional office set up with well-furniture conference rooms for their daily office essentials and client meetings whenever it is necessary.

Cost-effectiveness

Startups in their nascent stage do not have to incur the expense of renting an individual office space of their own within the budget. Co-working spaces provide an exclusive platform to build the desired community of their own. 

Right Exposure

Occupying a good coworking space helps your company or start-up in achieving outstanding exposure and converting visitors to customers.

Well-connected

Co-working spaces are mostly located in busy & central locations of the city. This makes you well-connected to your Clients and Customers.

Creativity at the workplace

Coworking spaces, with the modern upbeat environment and great designs, have an atmosphere of creativity and fun that proves to be highly motivating for both small businesses and individual workers.

The Market for Co-working Spaces

 

It is estimated that by 2022, about 42 percent of India’s population would be working from urban centers. In India, the growth of flexible office space is expected to grow at 40%-50% this year, the potential market size of co-working across India is expected to be 14 million users by 2021 about 50% of it will be in the form of Small & Medium Enterprises, which are expected to occupy up to 10.8 million seats. 

Freelancers and Small & Medium Enterprises (SMEs) are expected to contribute 1.5 million user’s worth of demand, while it is anticipated that startups will demand up to 100,000 seats by 2021. The above-discussed facts give us a rosy picture of how well the coworking spaces have been performing in Hyderabad.

Despite the raging popularity of the coworking spaces, there is a challenge that the coworking spaces had faced significantly is attracting new members. 50% of the coworking spaces feel this as a major Challenge and the figure has significantly gone up from 41% in the year 2018. 

The demand for co-working spaces is huge. This challenge is presumed to be strong as there are more and more coworking spaces opening in every major city and this is creating major competition for the coworking spaces to attract new members.

The general workload is also one of the major challenges for the coworking spaces and 31% of the coworking spaces believe that rent price is a major problem. Options are available to the Indian entrepreneurs to choose within cities like Delhi NCR, Bangalore, Hyderabad, and Mumbai. More than 100 co-working spaces have come up in India in the last three years and numbers are rising.

The above facts state that the coworking spaces are witnessing rapid development in recent times and 2020-2021 is going to be a remarkably good year for the coworking industry. On average, each of the existing coworking spaces is seriously planning an expansion and the expansion plans are as high as 70%. 

The ambitious plans of the coworking spaces are quite astonishing. One-third of these coworking spaces are planning another center in a minimum one more location while a quarter of the total number of coworking spaces strongly intends to expand the total availability of space in their current location. The market is rising because companies ranging from big to small are realizing that coworking is a way of promoting sustainability, which is the need of the hour.

Government funding, Make in India initiative, Incubator programs by bigger enterprises, availability of Venture Capitalists have all paved the way for smooth execution of entrepreneurship in India. With the increasing use of technology in running a business, it is anticipated that the value of SMEs in India will increase to a whopping 25.8 billion between 2020-2021.

The primary data collected is supported by secondary research from news articles, journals, publications, and white papers for analysis. The research is focused mainly on the list of co-working spaces, areas in demand, amenities, and potential use of Co-working spaces in Hyderabad & reference to occupy co-working office space Hyderabad.

Some of the Co-working Spaces in Hyderabad

 

        Name             Price      Location             Amenities
Cokarma, Kondapur, HyderabadRs 6500 / month192 Botanical Garden Road, Kondapur, 4th Floor, Hyderabad, India
  • High-speed wifi and good air conditioning
  • Gym and board games
  • Personal lockers
  • 24-hour member access
Ikeva Hitech CityRs 500 / dayMelange Towers, Near Madhapur, HITEC City, Level 6, Hyderabad, India

 

  • Wifi and AC
  • TEDx host space
  • lounge/chill-out area
  • Beanbags and ergonomic chairs
  • All equipment (printer, scanner, projector)
Unispace Business CenterRs 300 / dayImage Hospitals Lane, Hyderabad, India
  • Wifi and AC
  • Standing desks
  • Free coffee and drinking water
  • 24hour member access
  • Bike parking
JxtaposeRs 6000 / month587 Road Number 32, Hyderabad, India
  • Wifi and AC
  • Standing desks and ergonomic chairs
  • Podcasting, Skype room, and maker space
  • Free parking and 24-hour access to members
AutoneticRs 8500 / monthHitech City, Hyderabad, India
  • Wifi Internet & Ethernet – Air Conditioned Office
  • Beautiful View
  • AC Conference Room
  • Separate Washrooms for Males & Females
  • 100% Power Backup
Rent A Desk, Babukhan Rasheed PlazaRs 6500 / monthPlot # 682, 5th Floor, Babukhan Rasheed Plaza, Road No 36 500033, Aditya Enclave, Venkatagiri, Jubilee Hills, Hyderabad, India
  • Wifi and AC
  • Kitchen and personal lockers
  • 24 hours member access
  • Community events
  • Fully equipped with printer, scanner, photocopier
Trillion: Colearn. Cowork. CocreateRs 5000 / monthOld Mumbai Hwy, Madhura Nagar Colony, Raidurgam, Gachibowli, Telangana, Hyderabad, India
  • 24/7* Access to Office.
  • Unlimited Coffee/Tea
  • 24/7 Free Access to the Internet (Wifi & LAN connections)
  • 100 Prints + Copy per month per seat
Venues HighRs 1500/ dayGreenland’s Road, Hyderabad, India
  • Wifi and AC
  • sound recording equipment
  • lounge/ chill-out area
  • TEDx host space
  • Onsite café
Technals IT incubatorRs 300 / day1-11-251/11, Beside Vasant Towers, Begumpet, Hyderabad, India
  • Wifi and AC
  • Free coffee
  • Outdoor terrace area
  • Lounge/chill area
  • Ergonomic chairs
VelsolRs 400 / dayCamelot Layout, Kondapur, Landmark: Adharsh Cooperative Bank, Hyderabad, India
  • Wifi and AC
  • Lounge and chill out
  • Wheelchair accessibility
  • Free parking
  • Community lunches
Tquanta TechnologiesRs 800 / dayHitech City Rd Phase 2, HUDA Techno Enclave, Sai Nitish Techno Space, Madhapur, Hyderabad, India
  • Wifi and AC
  • Shared Office Space | Hi-Tech City, Madhapur
  • Plug “N” Play ( workstations and cabins )
  • Printing & Scanning
  •  Power back up
Keyon plusRs 499 / daySV Chambers, 5th Floor, Plot 193, Near Dmart, Kavuri Hills, Madhapur, Hyderabad, India
  • Wifi and AC
  • Free tea and coffee
  • Printer and projector
  • Community events
  • Standing desks and beanbags
MBDESK: My Business DeskRs 250 / dayPlot.no.12, Hyderabad Asbestos Colony, Kharkana,2, Secunderabad, India
  • Wifi and AC
  • Ergonomic chairs
  • Free parking
  • Personal lockers and nearby AirBnB
  • Snacks available for purchase
Coworking in KukatpallyRs 4500 / monthKukatpally Housing Board Colony, Kukatpally, Hyderabad, Telangana, India, Hyderabad, India
  • Wifi and AC
  • Incubator programs
  • Mentorship programs
  • Kitchen and maker space
  • Free parking and bike storage
  • Wheelchair accessibility
VidrisRs 3000 / month

 

6, Gruhalakshmi Colony, Karkhana, Secunderabad, Telangana 500015, India, Secunderabad, India
  • Wifi and AC
  • Events, workshops, community drinks
  • apple tv and projector
  • pool table, mini-golf, etc
Redbrick Offices Primea Financial DistrictRs 15000 / monthPhoenix Primea, Financial District, Nanakramguda, Hyderabad, India
  • Wifi and AC
  • TEDx host space
  • Community drinks
  • Kitchen and personal lockers
  • Alcohol available for purchase
CoWork MantraRs 4000 / monthMaheshwari Chambers, Punajgutta, Hyderabad, India
  • Wifi and AC
  • Outdoor terrace
  • Onsite restaurant
  • parking
  • Retail space
The Hive Collaborative WorkspacesRs 8000 / monthNanakramguda Road, Corporate Capital, Hyderabad, India
  • Wifi and AC
  • Events and workshops
  • Standing desks, beanbags and ergonomic chairs
  • Swimming pool
  • Lounge
Indique RamkeyRs 6500 / monthMind space Road, Hyderabad, India
  • Wifi and Ac
  • Outdoor terrace and lounge
  • Kitchen
  • Skype room
  • Pool table, ping pong, etc
Keystone Coworking spaceRs 4000 / monthSri Ramnagar – Block B, Kondapur, Hyderabad, India
  • Wifi and AC
  • Printer and scanner
  • Kitchen
  • Beanbags
  • Free parking
Regus Mid-Town577INR/ Day1st Floor Mid-Town Plaza, Road No 1, Banjara Hills1st Floor Mid-Town Plaza, Road No 1, Banjara Hills
  • Drop-in to a business lounge at this location.
  • Enjoy refreshments in the on-site coffee bar.
  • Find customer parking on-site or nearby.
  • Find Video conferencing facilities at this location.
Awifs750INR/ DayE Floor, Taj Deccan Hotel, Rd Number 1, Banjara Hills, Hyderabad, Telangana 500034 

  • A fully furnished dedicated desk
  • High-speed Wi-Fi, hot beverages
  • printing & meeting room credits.
Ikeva
  • 3000 INR/Month
  • 22000 INR/ Tea
  • 500INR/Hour Meeting
 

Level 1, [email protected], MB Towers, Banjara Hills, Hyderabad, 500034

  • Access to Meeting Room, Printing and Concierge Services
  • Fully Furnished Workspace in Business Hubs
  • High-Speed Internet with IT Support
  • Managed Workspace with Hot Tea and Coffee
  • Can be Hired from Half Hour Onwards
Instant Offices
  • Serviced Offices: R375 per person
  • Coworking spaces: R375 per person
  • Virtual Office: R3800 per month

 

Rd Number 1, Hyderabad, 500034
  • Furnished
  • Shared Internet
  • Meeting rooms
  • 24-hour access
  • 24-hour security
  • Parking
  • Showers
  • Breakout/Lounge Space
Workafella5000/person18004199807 | [email protected]

Erramanzil, Banjara Hills,

Hyderabad, Telangana 500034

  • Furnished
  • Shared Internet
  • Access to events
  • Housekeeping & maintenance charges
  • 24-hour access & security
  • Parking

 

Qdesq5500/Month Per personBanjara Hills Road no 2
  • AC with power backup
  • Free Wi-Fi
  • functional workspace, free tea/coffee, Front Desk
  • Photocopier, Whiteboard, and a meeting room.
  • The professional staff provides an excellent extension to your business, open 24*7.
Oftog Business Solutions Pvt Ltd5000/ MonthOftog Business Solutions Pvt. Ltd., Shyam Rao Nagar, Banjara Hills, Hyderabad, Telangana, India

 

  • Accommodates 3 Members
  • Bio-Metric Attendance
  • Electricity Charges
  • Office Help
  • 24*7 Access
  • Printer/Scanner
  • Mini In-House Gym
  • High-speed Internet Speed
  • Lounge Area & Indoor Games
  • Bi-cycles to go around
  • Tea & Coffee
  • Digital Security & Video Conference rooms
 

Octo Spaces

400/per day 9 hours

8500/ per month 24/7

Road Number 11, Accord Blu, 5, Hyderabad, India
  • High-Speed WiFi
  • Air Conditioning
  • Wheelchair Accessibility
  • 24hr member access
My Cute Office6500- 7000 INR

monthly onwards

 

MB Towers, Banjara Hills, Hyderabad, Telangana, India
  • Free Facilities: Air Conditioner, Internet, Parking, Tea & Coffee
  • Water: Purified
  • Washrooms: Common
  • Other Facilities: Cafeteria,
  • Lift, Transport, Female Friendly
Co workableINR 10500 / Month for 1 / MonthBanjara Hills, Road No. 10
  • High-end furniture
  • personal storage
  • complimentary access to meeting rooms (3 hours) access to meeting rooms and boardrooms at discounted prices
  • mail and courier handling
  • trained support team
  • electricity with 100% backup
Innovation HQ1 Person, 1 Month, 24 Hours

INR 5000.00

1 Person, 1 Week, 24 Hours

INR 1800.00

1 Person, 1 Day, 24 Hours

INR 300.00

Banjara Hills Rd Number 3, Green Valley, Banjara Hills, Hyderabad, and Telangana 500034.
  • Biometrics Access control security to restrict physical entry to only users with authorization.
  • High-Speed Internet
  • Hi-Speed leased line Internet, with multiple access points, Firewall, and bandwidth management.
  • Security
  • 24*7 security is available.
The valley Coworking2500-3500 INR/MonthGreen Valley, Banjara Hills
  • WiFi
  • Free Coffee, Drinking water
Venues High4000INR/MonthGreen Valley, Banjara Hills
  • High-Speed Internet
  • Hi-Speed leased line Internet, with multiple access points, Firewall, and bandwidth management.
  • Security
  • 24*7 security is available.
Nano Space5000INR/MonthRoad No 11, Banjara Hills
  • WiFi & AC
  • Parking
  • Standing Desk
Odo Working Spaces3000INR/MonthBanjara Hills, Hyderabad, Telangana, India 500034
  • Air Conditioning
  • Charging Points
  • WiFi
Co-working space3500INR/MonthBhola Nagar, Banjara Hills
  • Basic Amenities
Co-working space/ Plug and play4000INR/MonthBanjara hills
  • Tea and coffee facility,
  • Good pure vegetarian hotel/ Tiffin center in building itself
  • Power backup/ generator
  • Locker facility
  • Virtual office
  • Connectivity to complete Hyderabad

Conclusion

 

According to the survey report, I must conclude that most of the Co-working spaces are strategically placed in most upscale neighborhoods & IT hubs like Hitech-city, Madhapur, Mind space, financial district & Gachibowli areas.

The reason for opting these locations is to enable seamless travel throughout the city since these areas are well connected with airports, bus terminus, public transport, shopping malls, and metro stations. 

Location influences a business’s ability to market itself, the competition it faces from businesses, the total cost of operation & Revenues. So, choosing an office in these locations is of utmost importance to expand the business. Urban commercial centers like Banjara Hills and Jubilee hills are the second choice for most of the startups and businesses to occupy co-working spaces. 

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