Why Indian Millennials are opting Coliving Lifestyle

Change is the only constant and no one would agree to it more than today’s digital nomads. The new age migrants move effortlessly from one job to another and even from one city to another. This millennial generation and its culture have spurred innovative developments across certain verticals. Co-working spaces, sharing rides, food delivering services are just a few smart developments.

The idea of smart living might have galvanized the real estate market to go beyond the conventional. As a result, today, coliving has become the new buzzword. The millennials now have a fancy life, in a boutique hotel-like atmosphere surrounded by like-minded folks. Though this concept is still nascent in India, it has been gaining traction with millennials who are moving to developed cities like Mumbai or Pune.

Pune stands amongst the biggest centers of various industries and nestles various reputed colleges. All these reasons have seen Pune grow by leaps and bounds and has resulted in the demand for having better living spaces and work conditions. The coliving spaces in Pune and the co-working spaces in Pune have given the millennial a taste of the future and comfort of their level. Let us have a look at why this culture in increasing at an alarming rate amidst millennials.

Living with Comfort and Ease

If there were ever a survey and raking on ease of living, col living would always top the list. When it comes to the millennial generation moving from one to job to another or even a home to another occurs frequently and coliving makes the relocating process easy like no other. This is because the rented homes available for coliving are mostly ‘ready to move’ which means that it already is fully furnished with all the required living conditions. Just like coworking space in Pune, coliving spaces in Pune follow a plug-and-play model. It uses the latest technologies and saves time spent on chores as well.

The Monetary Benefits

A clearly visible benefit, everyone knows that buys a flat would be cost a fortune but renting one won’t. A study has estimated that millennials make over $5400 a year and their rental budget is 2-3 %. The primary reason for the reduced rental is the structural design of a home that hasn’t changed. Basically, the urban millennials only spend very little time in their home, hence the often renovations are seldom required. Coliving spaces in Pune have optimized the real estate and millennials can find a rental space matching to their needs in their preferred location. Also, as these coliving spaces some furnished and enabled with all the livelihood essentials there is no need to pay anything over the monthly rent or bills.

Community and Security

The best part of coliving spaces in Pune is that one shares his space with kindred folks. Here, they meet individuals pursuing different careers, same or different interests and soon a sense of belonging is developed. These mates become each other’s family ‘away from home’. A community of young minds is developed and over tea, they discuss life and even startup ideas.

While millennials see this as an opportunity their folks are worried about their safety and security of staying at a different city. But, coliving spaces in Pune put the security of the tenants first. With 24 hour security and surveillance, card entries, verifying backgrounds and even screening processes. Coliving spaces are a little more organized and transparent than other means of accommodation.

Why Coworking spaces are good for Freelancers and Remote workers

Yes. The concept of office has changed over the years. It got shifted again when it comes to how we work and where we work. Today, it’s that time where hours of working are not fixed anymore. A big thanks to technology, we can now work from anywhere and at any time. There’s no wonder that many of the companies are even encouraging people to work remotely.

Well, coworking, co-living has become today’s hot topic to discuss among young people. They are the next big trend among working Millennials, especially in Pune. The coworking space in Pune is reaching out to the young guns of the nation seeking opportunities to thrive and reach the epitome of success. 

Coworking isn’t just for freelancers. But, also for the writers, coders, creative. Working with others in a shared area, doing any work, but in a way, you are part of a community, Coworking offices offer countless opportunities to network with different remote workers and build a robust community. Whether a solopreneur, freelancer or a young squad of entrepreneurs, a co-working space is a perfect place to start and grow.  As the best coliving space in Pune provides the perfect environment of productivity and collaboration at a notably lower cost than traditional office spaces.

According to the researchers' survey, there will be a high growth of up to approx. 4 million by 2020 and over approx. 5 million by 2022. Thus, it can be concluded that the coworking spaces are here to stay for many more decades.

Well, here are some benefits of joining a co-working space.

Growth Expansion
The most often reason is here—Growth i.e. productivity. And, for that work-from-home can be great on the wallet.  Yeah, it sounds perfect, when you have a perfect homely office. It is all about fewer distractions and formalities and more about productivity.

Network Expansion
While working in a coworking space, one will have access to other professionals. To build a network from home is too hard, and networking is the key part of running a successful business. Thus, joining a coworking space in Pune can help you.

Cost-Efficient
Running your own business, even though it’s a small scale or just a startup or working as a freelancer quite has some overhead costs. But, joining a coworking space can easily cut-costs and generate profitable outcomes. There is no need to pay additional utility bills. One just needs to be ready with their laptops.

Great Flexibility
It is one of the major benefits that you get from the best coliving space Pune. Life should happen while working- and this gives you a chance to get unboxed.

Final Thoughts
While concluding here, one had already understood that joining the coworking space could be a great move depending on your business type. And, it still fits a major need in the market for business owners. It’s a way towards creating a framework of opportunities for today and tomorrow and pass onbetter earth for the freelancer fraternity.

Benefits of Serviced apartment For a Business Traveller

With co-living space, Service apartments in Pune are the next choices for travellers. With frequent global travellers, it is becoming a preferred choice over hotel stays. It is one of the fast-growing segments. Global economic uncertainty has not slowed the growth of service apartments. There is an 80% growth in service apartments since 2008. It has further increased by 23.7% in the last two years.

There is no one definition for a serviced apartment. It varies from one region to another. It is often described as a furnished apartment with amenities and services of a hotel workable for short or long term or extended stay. It has become an economic convenience for solo and corporate business travellers. The steady growth of serviced apartments has organizations opt them over traditional hotel stays.

People are opting for serviced apartments or coliving space in pune to stay on business travels. This article brings you some insights on the benefits of choosing service apartments.

Cost-effective:
Serviced apartments are cost-effective. With a trend of co-living spaces, it is ideal to share a serviced apartment than having separate rooms in a hotel. Serviced apartments are 20% cheaper than hotel rooms. They come with no hidden costs. One of the added advantages is you can cook for yourself and save the extra bills on food. The longer the stay, the lesser is the cost per night.

Spacious:Unlike hotel rooms, serviced apartments are spacious. It is 30% more space and the average one is twice the size of a hotel room. Serviced apartments have space to relax, work, cook, and sleep. 

Comfort and flexibility: Serviced apartments allow you to live without changing your routine and lifestyle. You can either cook yourself or dine out. You have the liberty to walk in and out of your place as per work schedules. You do not have to worry about the non-availability of food as you can either stock or cook food all by yourself. You can work, relax, have guests over, and have business meetings all at one single place.

Quality of service: With an increase in travellers, service apartments are growing at a faster pace. They are a competition for the hotel industry. There is no compromise on the quality of living. There provide fresh bed linen, towels, toiletries, dishwashers, washing machines, TV and Wi-Fi. Service apartments maintain Hygiene and cleanliness with regular cleaning schedules.

Extra facilities: Some service apartments have a gym, restaurant, pool, and bar facilities. Some also offer gift hampers, vouchers. These extra titbits make it an ideal destination of stay.

A home-like feeling:Feel at home while you travel. Usually, service apartments are great in privacy and security. You can move in and move out. By nature serviced apartments provide low-cost maid assistance, CCTV and, 24- hour security.

With an increase in business travellers, is an increase in service apartments in Pune. It is like home but, away from home for with facilities lacking in hotels or guest houses. With business travellers wanting privacy and space Service apartments are here to stay. They will only thrive to grow more in the coming years.

Affordable ways of renting private office space

Pune not only fosters educational institutes but is a place for various industries and an increase in renting Coworking spaces in Pune. Shared working space in Pune is turning to be cost-effective than a private office.The surge in Co-working spaces has increased from a few years. Leading business establishments are renting private offices in Pune into co-working spaces.

One can lease, rent or sublease their office private space. Renting co-working space requires amenities, and services in place. There are various Private office space in Pune renting space at affordable prices.

Read a few tips before you decide on renting a private office space.

Give it a thought:Even before deciding to rent private office space, give it thought. Do you need to look for private offices or Co-working spaces? List your requirements for renting shared space. Brainstorm ideas with your business partners, stakeholders. The sooner you have the list, the faster the time in decision making.

Space requisites: Make sure of the options you choose. If subletting or leasing office space works for your business type, then it is a good option. There is no point is going for an office space with no space of further expansion. Co-working spaces work for small teams and budding businesses. In a lease situation, check the terms and lease documents to avoid future troubles.

Choice of Building:The look of the building at a start-up level passes a lot of messages to your clients. A posh building might give an impression of overspending. While an ill-maintained building can convey the struggle phase. Choose a building that appeals to you and is also safe for your employees and secures your office-related stuff.

Choice of space:Renting private office space depends upon business needs. The office location should be easy for employees to commute. An office space with vicinity to shopping malls, restaurants, gym is preferred by all. At times the office space rented can get smaller with a growing business. To avoid getting stuck on a long-term lease, work out on short term and long-term lease options. Hire freelancers, remote workers to cramp employees in a smaller space. Check space for parking for two and four-wheelers. Know your needs of a closed or an open office.

Office size and layout: Businesses and bosses vary in type and working styles. Choose a layout that works and fits your team working style and business needs. Some offices might not appear as advertised online or in print. Have a physical look before you choose one. Think of your office space needs. For example meeting rooms, lockers, individual cabins, cafeteria, and any other specifications.

Stick to the Budget : Keep an eye on the budget. Apart from rent, there will be other expenses to meet. Choose a budget-friendly private office space and not stunt your business growth and land your business in deb.

Consult, ask for advice: Consult a friend, read up online for Co-working spaces. If required, hire a broker to find private office space on rent. Before you choose one, visit the place physically to confirm.

Easy exit:Co-sharing spaces are easy to exit while leased private spaces have terms and conditions on early exit. Negotiate on terms and conditions for an easy exit.

The city offers options for renting private office space. Hiring a shared working space has its benefits. It depends on what one is looking for that best suits individual work or business needs.

5 Reasons why big corporates are renting Co-working space

The co-working space in Pune has changed the face of working professionals. Shared working space in Pune is not limited to freelancers and start-ups alone. People looking for a collaborative environment and flexible working can use Co-working space. Co-living space and Co-working space has negated living and working in isolation. Professionals have found best Co-living spaces and like-minded people from Co-working spaces.

As per the survey by the GCUC-Global co-working Unconference Conference, the Co-working space is estimated to double by the year 2022. Big Companies are taking advantage of the benefits Co-working trend. Big names like Starbucks, Facebook, IBM, Microsoft, Salesforce are investing in Co-working space.

Big Corporates have whole good reasons renting Co-working spaces.

Co-sharing spaces existed even before. Realtors use to rent out large office spaces to more than one company in the same space. Coworking space in Pune had its presence for a while. But it did take time for this shift to happen.Let us list 5 reasons which are why the move of renting Co-working spaces by corporates.

Budgetor monetary gain:

Co-working spaces eased the burden of heavy rentals for start-ups and freelancers. Co-sharing spaces offered services to fit every budget. There is no lingering tension of cost hovering over the head and hampering work.

This worked well for Multinational Corporations. They could rent office spaces with similar resources and use the amenities. They save thousands of dollars on owning a private office. But also provide their employees with productive offices.

Work flexibility: Traditional offices have set working hours. They govern by certain rules and regulations. The flexibility provided by Co-working spaces attracted freelancers, start-ups and professionals. The Co-sharing space is a home for professionals from all walks of life.

The use of Co-working space increased the productivity of Companies. How did it happen? Flexibility means different for different styles of working professionals. For freelancers- no time constrains and you can be your own boss. For Big Corporate giants, flexibility means different. It can be challenging handling a large employee workforce. With Co-sharing spaces, they can deploy employees in small teams while managing them. 

Cost-effective: Big Corporates are moving away from their prime locations or out of the Tire 1 cities for lack of space. Skyrocketing rentals is another reason for the move. Co-working spaces have opened up a new perspective of work and affordability. This not only cuts costs on individual office space but also related issues to locations. This helps in extending their geographical regions well within their budgets.

Networking prospects: Companies work on networking and communal prospects and so do employees. Co-working spaces help companies network with other companies and build friendly relations. It also motivates the employees and boosts their confidence and morale. A spirit of healthy competition is seen in employees working in Co-working spaces.

The ambiance and Vibe: The vibe and ambiance of Co-working spaces in unmatchable to a traditional office. Every office has its own culture and the work atmosphere. Whereas a Co-working space is vibrant and lively. It can turn out to be food for the creative mind brings long lurking ideas and innovations to reality.

There are some best Co-living spaces in Pune for working professionals and students. Shared working spaces in Pune is catching momentum. Some corporates offering shared working spaces also provide Co-working spaces in Pune. This strategy is easing the trouble of accommodation for newcomers to the city. Corporates are finding ways and means of cost-efficient and productive workplaces.