Noida is an upcoming industrial hub in India and is a part of the NCR region. Companies such as PayTM which was once a budding start-up based in Noida is now recognised as a giant in the corporate world. Backed by the growing influence of technology and motivated work ethics, people of Noida are looking to make a mark in the global economy. This is the primary reason why the trend of start-ups has reached a whole new level in this modern city.
Most of the IT companies are now setting up their offices in Noida because of its amazing infrastructure. Another essential reason behind the development of start-up culture is related to the affordable lifestyle which the city offers. Situated in Uttar Pradesh, Noida comes second in line after Mumbai for having the tallest buildings in India.
Although Noida is cheaper compared to metro cities like Mumbai and Chennai, it is still expensive for start-ups and freelancers. For example, the rent of a 1500 sq. ft. office in Noida is not less than 1 Lakh. Such enormous rents make it impossible for a start-up or independent proprietors to afford an office here. To counter these issues, many co-working spaces have cropped up in this region, and now freelancers and start-ups can share the office overheads and get their own office space at a very reasonable rate. The rent of co-working space in Noida starts at a very negligible amount which can be afforded by new businesses and entrepreneurs as well.
Also, people looking for jobs prefer shifting to Noida, as a huge number of companies have opened their offices in this city. Therefore, Noida is not only a dream place for businesses to open their office, but it is also the “promised land” for people who are looking to upgrade their lifestyles and are in search of a new job.
Importance of co-working spaces in Noida
As discussed earlier, Noida is attracting loads of businesses to open offices here because of its amazing infrastructure. But the high demand for real estate is increasing the prices of commercial offices. Freelancers, start-ups and small businesses are finding it difficult to establish their operation location in Noida because of expensive overhead costs. Therefore, to tackle this problem, they are opting for co-working spaces as the overhead costs are drastically reduced by them.
Not only do co-working spaces offer premises at a very reasonable rate, but they also provide amazing amenities which you will generally find in the offices of MNCs. These amenities include amazing interiors, cafeterias, recreational areas, gym, games room, printers, faxes, high-speed internet connectivity, and the list goes on. With such amenities, co-working spaces in Noida is truly a blessing in disguise.
So, if you are a freelancer or plan to open a start-up, co-working space is the first thing you should opt for. Not only do they provide amazing office spaces, but also the amenities and facilities will help you to run your operations smoothly.
Whether you want a single desk or a private office or want to use the office only for a few hours, these co-working spaces in Noida offer you packages that will suit your needs. Noida being at the forefront of the start-up revolution needs immediate assistance in the form of flexible offices that are equipped with all the latest amenities which influence creativity and also motivates the employees concerned.
This is what co-working spaces established in Noida aim to satisfy. The imperative for start-up firms to save essential finances so that resources can be utilized for investment purposes in the long run. The services of co-working spaces provide an adequate platform where money can be saved and work can be completed within a specific time frame.
Also, when it comes to convenience and connectivity, these co-working spaces are located in posh and prime locations of the cities. They are strategically established in the vicinity closer to metro stations or bus stops. Their strategic locations make it easy for budding co-workers to commute on a daily basis.
Trend of co-working in Noida City
The coworking space in Noida has contributed largely to the growth of the business sector of the city. Since 2012, Noida has experienced a massive growth in this sector only because of the introduction of co-working spaces. Not only freelancers and start-ups prefer co-working space, but now MNCs are also looking to shift their offices in co-working spaces because of the availability of ready to use amenities. Companies like Vodafone, PwC, Deloitte, Baker & Hughes, etc. are some of the corporates which are slowly opting for their ready to use spaces for operations.
Not only do these shared spaces offer workstations at a reduced cost, but also the quirky interiors give the office a touch of class. It is estimated by 2020, 13 million in Noida alone will be using these co-working office spaces for their ventures.
Why should one choose Noida for its business?
Noida is home to various MNCs and setting up your business here will surely give you better networking opportunities. The posh locations, amazing connectivity and superb infrastructure make it an ideal business hub. With the advent of co-working spaces, Noida experienced rapid growth in start-ups and freelancers. New businesses always offer new ideas and services, benefiting society as a whole.
Amenities such as 24/7 emergency power back-up, Wi-Fi facilities, functional work stations, and eateries offered by co-working spaces make it a ready for operation space for budding entrepreneurs. Due to the infrastructure and great connectivity, businesses are now selecting Noida as its operations center. Along with great infrastructure, there is a pool of talent available in this city. Therefore, for businesses, it is a win-win situation as there is no dearth of talent here.
So, if you are a new start-up or a freelancer, you can say goodbye to expensive office rents and opt for co-working spaces. Not only these spaces will save you a lot of money but it will provide you with an ambiance that will motivate you to work harder.