Over a time when industry forecasts suggest that the co-working market would experience a major shock as a result of the lockdown because they cater for a wide portion of start-ups and medium-sized enterprises, major players in the city claim they are drawing up plans to tackle the situation – from increasing working hours and […]
Hyderabad co-working spaces seek to have rent revision.more
Office-sharing giant WeWork sued SoftBank on Tuesday alleging that Japan-based technology investment group breached its contractual commitments by pulling out a $3 billion rescue plan. The case filed in a U.S. court in Delaware comes only days after SoftBank announced it was pulling out of the plan to acquire WeWork shares and shore up the […]
WeWork filed a lawsuit in the US against SoftBank for breaching the contract.more US-based flexible office space provider Kovorks collaborated with city-based Marvel Infrabuild to create India’s largest coworking facility with a capacity of around 25,000 desks. The new luxurious co-working space would extend across 15,000,00 sqft at Whitefield main road. Kovorks already runs versatile offices in seven locations in the US and Malaysia. “India’s co-working market has […]
US-based company Kovorks partnered with Marvel Infrabuild to develop India’s largest co-working space in Bengaluru.more Over the last four years, co-working has been geared to its growth. India is at the forefront of a working revolution with several companies and SMEs rather work out of co-working areas rather than traditional offices. Many small and large players set up operations in 2019, and in the seven top cities in India, there […]
The increasing demand for Co-working space in MNCs, Corporates and SMEs.more Magnolia Quality Development Corporation (MQDC) a Thailand real estate development company is going to launch its first-ever co-working office space under the name Whizdom Club in India. It is being said that they will be developing two more properties in Delhi NCR and is assessing opportunities for property development. The first of the three proposed […]
Thailand based real estate developer will be developing co-working space for Students and Startups.more
On Wednesday, the WeWork owner declared a net loss that has been more than doubled to $1.25 billion in the third quarter, as the company’s operator added a record number of desks to its global network but was unable to control rising costs. In the quarter ended Sept. 30, WeWork opened 97 new sites, the […]
WeWork Company plans to remove non-performing sites as the net loss increases to $1.25 billion in Q3 2019.more By Abhay Shah, Realty Quarter According to estate consultant Colliers, the flexible segment of the workplace, which is increasing rapidly in India, may see a significant expansion from next year as big companies will aim to obtain smaller ones for inorganic growth. Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune markets are expected to reach […]
Flexible workplace operators will hit a record, expected to account 18-20% of total gross leasing of office space.more
Residential sales grew by 4% in H1 2019; Launches rise by 21%, nationallyResidential sales grew by 4% in H1 2019; Launches rise by 21%, national office space supply and transaction volume at an all-time high; Co-working spaces account for 15% of volume in H1 2019. Knight Frank India today launched the 11th edition of its […]
Spurt in demand for affordable housing pushes up overall residential salesmore
By Abhay Shah, Realty Quarter The increasing co-living and co-working sections of alternative real estate asset classes will further improve their footprint. In addition to 5.7 mn beds from past rates of Rs.458bn and 3.6 mn in 2018, the Indian co-living industry is predicted to deliver Rs.1 trillion by 2023 in a business opportunity. “The changing […]
Real estate market to observe new growth in Co-living and Co-working spaces.more