Co-working spaces are usually seen where there are multiple startups or businesses in general, and let me tell you Pune isn’t short of both of them. However, let us glance in-depth into Pune and also the co-working culture there.
A little about Pune
Pune is an abode to many alike, due to the various opportunities and resources the land has to offer to the people from different walks of life who have called it home. Pune has been ruled by different reigns over its history, and every one of them had a great impact that make Pune what it is today. The name Pune dates back to 937 CE when the Rashtrakuta Dynasty was governing the land. Evidence shows that the copper plates that were utilized at that time showcased the first resemblance of the word Punya which refers to Holy. With changes over the years, the name Pune finally came to existence in the year 1978.
Pune currently is located in the state of Maharashtra and it has over 7.2 million people in the year 2020, this makes it India’s 8th most populated city. When the population is so massive, it is evident that even the society will gradually evolve to accommodate the needs and necessities of the population. Thus Pune is culturally and historically very diverse and houses some of the best places to visit for the history buffs as well as the nightlife enthusiasts.
Places like the Sinhagad Fort, the Shaniwar Wada Palace, Aga Khan Palace, and the Dagdusheth Halwai Temple should suffice the historian in you. Laxmi Road presents you a wide array of flea shops with local street food shops too, for something a little classier, the Savya Rasa and the Le Plaisir can help in filling those tummies. Pune is also the city with the most number of pubs, so to quench your thirst you could head over to Hard Rock Cafe, or the retro Mi A Mi Club, or even The Swig.
The professional life in Pune
In Western India, Pune has the most number of educational institutes and with this most number of graduates too. The talent present in the city is no doubt raising the business potentials along the way. It is even competing with IT hubs like Bangalore and Hyderabad to get into the ranks.
There are already some top MNCs that have established Pune as their havens, like Infosys, Ferrero India, Piaggio Vehicles, Atlas Copco India, etc. Other than MNCs, the city has also witnessed a multitude of groundbreaking ideas that have developed into successful startups and businesses. Some of the startup that Pune has birthed into the world includes:
- Cloudaeon: A company that provides AI solutions to retail and logistic enterprises.
- Hidoc Dr: An app that provides medical assistance from doctors.
- Peseva: A financial funding service.
The creative outlook the city offers has led to many entrepreneurs and freelancers alike. The rate of business has skyrocketed so much so that some of the commercial buildings can be considered as attraction sites. These high rise glass buildings house both startups and MNCs, and their synergy pushes Pune in the right direction of development and advancement.
Co-working spaces in Pune
Pune is a bustling place, with businesses forming left and right; it has led to a proliferation of offices and tech parks across the city. On the flip side, this has also caused a reduction in the real estate present for upcoming startups to set up offices. Most of the major locations are taken up by big MNCs leaving unpopular areas for the bottom candidates and these areas aren’t advantageous to grow businesses.
However, when one door closes another door opens, and this other door is represented by the dynamic co-working spaces spread throughout Pune. Co-working spaces like the name indicated are spaces where individuals of different corporates accumulate at a single place to continue their business. This trend has caught on the country like wildfire as many such places are rising in different part of the country.
The main advantages of co-working spaces are as follows:
For an individual who has just started a business, investing in an office space isn’t easy. It is not only this but even the expenses that come in maintaining an office are huge. A co-working space takes care of this entire load and provides you with a space to execute business.
Possibly the biggest benefit of a co-working space is the networking possibilities. In a co-working space, there are people from different domains which in turn help in getting exposure and increasing awareness which may lead to expansion later.
A co-working space provides you with sufficient amenities and facilities to run your business smoothly. Apart from material resources, many places are indulging in exceptional services and guidance to entrepreneurs.
With a co-working space, you do not need to commit to hard and fast rules. There is ample freedom to join and leave at any instant.
For freelancers or entrepreneurs, an office could be a coffee shop or a home where distractions are all around the corner. In a co-working space, professionalism is the main goal and this will translate to the people as well.
Pune and Businesses
Pune has been considered by many business personnel as the perfect place to thrive as well as survive. The world right now is very competitive, and businesses are also part of this collaboration. Each company seeks out to beat its competitions and rise above and therefore they carefully choose the locations for development or expansion.
The reasons why Pune is favored by many corporations and businesses are because:
- The exceptional IT talent that is present here.
- The cost of real estate and business expenses are relatively cheaper.
- The connectivity of the city is well-organized, eliminating commuting hassle.
- The diverse population are welcoming of change and improvements.
- Employees benefit from the mixed balance of cultural and professional life.
The startup culture in Pune is surely getting gigantic and almost everything else is developed around this very concept. So investing in Pune as a business location is an investment that would reap fruitful returns and it can be considered as a million-dollar investment.