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Hyderabad, the City of Pearls, is one of India’s fastest-developing metro cities. The city has been experiencing a rapid influx of investments in the technology sector and the growth of a thriving start-up ecosystem. This has allowed the city to become a hub for innovation and development, making it one of the most sought-after cities in India. The city is home to the offices of major corporations as well as coworking spaces like iSprout.

In this blog, we’ll talk about the best neighbourhoods that have office space for rent in Hyderabad.

Why rent an office space in Hyderabad?
Before we get into the best neighbourhoods that have office space for rent in Hyderabad, let’s take a look at why you should rent an office space in the ‘City of Pearls’.

Excellent Connectivity
Hyderabad has excellent connectivity. The Rajiv Gandhi International Airport is well-connected to major cities across the globe. The metro is a fast and convenient way to commute within the city. The ORR provides seamless connectivity to the industrial areas around Hyderabad.

Robust Infrastructure
Hyderabad has a well-developed infrastructure, with state-of-the-art office spaces, coworking spaces, and technology parks. The city is home to some of India’s leading technology companies, including Microsoft, Amazon, and Google, which have set up their offices in Hyderabad due to its infrastructure and business-friendly policies.

Affordable Housing
Hyderabad has a diverse range of affordable properties, from apartments to independent houses. The cost of living in Hyderabad is also relatively low compared to other major Indian cities, making it an attractive destination for people looking to live and work.
Best neighbourhoods for renting office space in Hyderabad
When it comes to renting an office space in Hyderabad, choosing the right neighbourhood is crucial. Below are some of the best neighbourhoods to consider when you want office space for rent in Hyderabad.

Hitech City
Hitech City is one of the most popular neighbourhoods for renting office space in Hyderabad. The area is home to some of India’s leading technology companies, making it an ideal location for startups and businesses in the IT sector. Hitech City offers a range of office spaces, from coworking spaces to large corporate offices, catering to all budgets and needs.

Madhapur
Madhapur is another neighbourhood that has emerged as a hub for the IT industry in Hyderabad. The area is home to several IT parks, software companies, and startups, making it an ideal location for businesses looking to tap into the tech talent pool in Hyderabad. Madhapur offers a range of office spaces, including iSprout Trinity, a modern and inspiring coworking space.

Kondapur
Kondapur is a fast-growing neighbourhood in Hyderabad, with several residential and commercial developments underway. It offers a range of office spaces, from affordable coworking spaces to premium corporate offices. The area is in close proximity to offices of several companies, startups, and MNCs making it an ideal location to rent office space in Hyderabad.

Gachibowli
Gachibowli is another neighbourhood in Hyderabad where several companies have set up their offices. The neighbourhood is well-connected to other parts of Hyderabad including its close proximity to the airport and ORR making it an ideal location for businesses looking to establish their presence in the city.

iSprout provides office space for rent in Hyderabad in areas such as Hitech City, Madhapur, Kondapur, and Gachibowli. Each neighbourhood offers excellent connectivity, robust infrastructure, and a range of office spaces catering to all budgets and needs. When choosing a place for your business, consider factors such as proximity to clients, availability of talent, and transportation connectivity to make an informed decision.

Coworking spaces are growing rapidly all across the world. It is a place that encourages individuality and is a hub for collaboration. However, with the rise in the popularity of coworking spaces in India, there are a lot of talks (mostly myths and misconceptions) surrounding coworking spaces. A lot of which can be debunked easily.

In this blog, we will talk about the 5 most common myths about coworking spaces that are still prevailing.

Myth 1- Coworking spaces are noisy
The biggest myth that is prevailing is that coworking spaces are noisy and are not conducive to a productive environment. Some people think it’ll be a distracting environment, making it difficult to get work done. While this may be true in some cases, the majority of coworking spaces including iSprout are designed with productivity in mind. Many coworking spaces offer private offices for individuals who need to focus, as well as designated areas for phone calls or meetings.

Myth 2- Coworking spaces are only for startups and freelancers
Another common myth about coworking spaces in India is that they are only for startups and freelancers. While coworking spaces are certainly popular among these groups, they are not exclusively limited to them. Coworking spaces are now used by a wide range of professionals, including remote workers, small businesses, and even large corporations. The ease of working from a coworking space and the attractive amenities such as high-speed internet, meeting rooms, etc., attracts organizations of all sizes.

Myth 3- Coworking spaces do not have privacy and security
A myth that a lot of people believe about coworking spaces in India is that it lacks privacy and security, which can be a concern for professionals who handle sensitive information. However, many coworking spaces offer private offices and some even provide secure storage areas. Additionally, most coworking spaces like iSprout have security measures in place, such as keycard access, security guards, or security cameras, to ensure the safety of all employees.

Myth 4- Coworking spaces are not professional
One of the most common myths about coworking spaces in India is that they are not professional. People often associate coworking spaces with being casual and laid-back, which can lead to the misconception that they are unsuitable for serious business activities. The reality is far from this. Coworking spaces are designed to provide a professional and collaborative environment that is conducive to productivity. Most coworking spaces come with all the necessary amenities that any traditional office space would have and sometimes even more.

Myth 5- Coworking is just a trend
A lot of people still believe that coworking spaces in India are just a trend and will eventually fade away. Trends do come and go however, it’s safe to say that coworking spaces are here to stay. The coworking industry has been growing at an impressive rate over the past few years, with more and more people opting to work remotely or start freelancing. These spaces provide a flexible and cost-effective solution for anyone who needs a professional workspace without long-term commitment and high costs.

Coworking spaces in India offer a flexible and affordable workspace for various professionals. They are designed to provide a productive and secure environment. So, don’t let these common myths deter you from considering a coworking space.

Flexible, Hybrid, and Green will be the primary office theme for 2023 said the latest Colliers report. It also stated that these trends would drive up the demand for commercial real estate. This means that the sector has left the worst behind and can expect a bright future.

During 2023, green financing is also likely to drive major investments since domestic and offshore investors are seeking Grade A projects that are ESG (Environment, Social, and Governance) compliant. Hence these demands will be shaping the future of the corporate real estate market and the coworking space in Hyderabad and other metro cities.

IT Companies To Shoot Up The Demand For Flexible Spaces

At the end of 2022, India witnessed leasing of 50 million sq ft, of which 14% was accounted for by coworking spaces in Hyderabad and other metro cities in India. It is said to be the highest in any year. The reason being the onset of a global recession, layoffs, and increased inflation. As a result, the demand for flexible workspaces is likely to increase since they offer flexible lease terms and also help in cost control.

Hybrid Models To Evolve

In 2022, we saw the hybrid model picking up. While in 2023, we are seeing the occupiers creating policies and defining hybrid work culture even more clearly. According to the research done by Colliers in 2022, 63% of employers in India are currently working in hybrid mode and are more likely to carry on with this working arrangement with employees coming to the office for at least 2-3 days a week.

More Green Properties To Enter The Real Estate Market

The number of green-certified buildings has drastically increased in 2022 as compared to 2010. The listed developers are looking to increase their green portfolio as part of their short-term ESG (environment, social, and governance) goals and increase the usage of renewable sources of energy.

It is estimated that roughly 60 million sq ft of additional green Grade A stock has received pre-certifications or is in the process of getting green-certified in Hyderabad, Pune, and Delhi NCR.

A Boom In Flexible Space Investments By VC Firms

The recent trend of office spaces for rent in Hyderabad and other cities has attracted venture capitalists. Also, the market sector is exhibiting healthy liquidity in the coworking segment which in turn has enticed greater investments compared to other segments. As a result, a steady and gradual growth in the commercial real estate market will automatically push the rise of coworking spaces as well.

Commercial Real Estate Extending Quickly As Hybridity Rises

Post-pandemic, many companies have become alert and are devising plans to operate their business more sustainably. Due to this reason, the hybrid approach has become a norm h. This circumstance has pushed companies to downsize their traditional office spaces and move towards coworking spaces in Hyderabad and other metro cities. Since corporates are making their move to flexible spaces, coworking players continue to enlarge their footprint across the country.

Final Words

As upcoming office trends move towards green, flexible, and hybrid environments, it would be interesting to observe the growth of coworking spaces in Hyderabad and other metro cities. Traditional office spaces are steadily becoming an obsolete concept for upcoming startups with flexible workspaces likely to take over in the next few years.

Coworking spaces will become mainstream and will rule the corporate real estate market by offering cost-efficient services that help businesses to set up their space anywhere with minimum investment. iSprout is one of the leading coworking spaces in Hyderabad that offers dedicated desks, conference rooms, virtual offices, and even private office spaces to businesses of any size. In addition, we have an in-house team of professionals to support your enterprise to increase overall business efficiency.

Co-working spaces have revolutionized the way businesses work, and it’s not just start-ups and freelancers who are benefiting from them. Many top brands have also realized the potential of co-working spaces in Hyderabad and have been using them to expand their businesses. By leveraging the power of co-working spaces, top Indian brands, including BYJU’S, Razorpay, and Paytm, have taken their businesses from tiny startups to multimillion-dollar enterprises without breaking the bank.

Co-working spaces offer entrepreneurs and startups a flexible, cost-effective, and collaborative environment to grow and expand their businesses. They provide a range of benefits that traditional office spaces don’t, such as affordable rental rates, flexible lease terms, high-speed internet, printing services, conference rooms, and networking events. Here’s a look at some of India’s top brands that Made it big while using coworking spaces.

Byju’s: One of India’s most popular EdTech platforms, BYJU’S started in 2011 with just four employees. Today, the company has over 5,000 employees and a valuation of $22 billion. BYJU’S success story is a testament to the advantages of co-working spaces, which allowed them to scale quickly without worrying about the high cost of traditional office spaces.

Meesho: Meesho is a social commerce platform that enables small businesses and individuals to start their online businesses through WhatsApp and Facebook. The startup was founded in 2015 & operates from various co-working spaces across India. Meesho has raised over $700 million in funding so far and is valued at over $4.9 billion.

Razorpay: Razorpay is a payments gateway startup that provides end-to-end payment solutions to businesses of all sizes. The startup was founded in 2013 and operates from various co-working spaces. Razorpay has raised over $300 million in funding so far and is valued at over $7.5 billion.

Paytm: Paytm, India’s largest mobile payments platform, started in 2010 with just four employees. Today, the company has over 18,000 employees and a valuation of $21 billion. Paytm’s early years were spent in co-working spaces, which gave them access to a community of entrepreneurs, investors, and mentors.

CRED: CRED is a credit card payment management platform that rewards users for paying their credit card bills on time. The startup was founded in 2018 and operates from various co-working spaces. CRED has raised over $800 million in funding so far and is valued at over $6.4 billion.

These five Indian brands are a testament to the advantages of co-working spaces. In conclusion, co-working spaces are a great option to consider for business owners looking for office space for rent in Hyderabad. They offer a range of benefits and opportunities for growth and expansion, as seen from the success stories of these five Indian brands. Whether you’re a small business owner, a freelancer, or a startup founder, co-working spaces could be the key to your success.

Coworking spaces is not a new term anymore. If you work in a Tier-I city in India, you’ll be able to find coworking spaces at every nook and corner. Just a few years back coworking spaces were practically unheard of. They only became a prominent sight in corporate India just recently.

History of coworking spaces in India

To trace back the history of coworking spaces in India, we have to first look at how coworking spaces came about in the first place. That will take us back to 1999 when a designer by the name of Bernard DeKoven coined the word “coworking” which he used to refer to the idea of a place where people could work and collaborate. 

Fast forward to 2002, when the first coworking space emerged in Vienna, Austria where PR consultants, startups, and freelancers could collaborate. Then in 2005, in San Francisco, the modern coworking space as we know it today, was started by Brad Neuberg. 

In India, coworking spaces began in 2012 when 91Springboard opened its doors. After this, the number of coworking spaces began to almost double. iSprout also opened its first coworking space back in 2017 during a time when coworking spaces were relatively new. Right now there are more than 2,197 coworking spaces around the country which accounts for 3% of total office stock. 

What the future holds for coworking spaces in India 

The meteoric rise of coworking spaces in India from a concept to a near-household name among employees and employers deserves applause. With the shift towards a more flexible working style, coworking spaces will continue to hold a prominent space in the commercial real estate sector. The flexibility it offers, cost-efficiency, collaborative atmosphere, and amenities make coworking spaces a vital part of the current work culture. 

Cities like Bangalore, Mumbai, Hyderabad, Delhi- NCR, Pune, and Kolkata lead the race when it comes to the number of coworking spaces located within their boundaries. With Bangalore and Hyderabad accounting for at least 50% of the total demand share. By the end of 2023, it is expected that coworking spaces will cross 50 million square feet in India.

The market space in coworking will not just be dominated by startups and freelancers. Large corporations also want to dip their hands into the growing coworking space. Prior to the pandemic, large corporations avoided coworking spaces. But after the pandemic, all these large corporations are renting out coworking spaces for their employees due to their flexibility and much lower costs.

Another shift in demand is from an open shared floor to dedicated cabins. Most people have this idea about coworking offices being large open floor spaces with dedicated chairs and tables per employee. Though this idea still holds true, there is a shift towards more privacy within the coworking space. This resulted in companies asking for dedicated cabins within the coworking office space. Keeping in mind this shift, iSprout offers fully-furnished office spaces for your entire team with exclusive meeting rooms, all designed according to your specific requirements.

There will also be a big shift towards Tier-II and Tier-III cities. Most of the best coworking spaces in India are currently in Tier-I cities like Mumbai, Bangalore, Hyderabad, Delhi, etc. But with employees having the option to work from home, companies are more likely to finance a coworking space in smaller cities and towns rather than shifting their employees to a major city. iSprout has multiple offices in major cities like Hyderabad and Chennai as well as smaller cities like Vijayawada. This makes it easy for employees to shift from one office to another office without having to shift to a new city.

Final thoughts

The trend and culture of coworking spaces in India are here to stay and will continue rising for more years to come. The future of these coworking spaces looks great right now. We can safely say that coworking culture will be a future driving force of corporate India.

Here at iSprout, we help empower businesses with our inspiring and flexible coworking spaces. Be it a dedicated desk or a ready-to-move-in office, iSprout has it all. We offer office spaces in prime locations across multiple cities including Hyderabad, Chennai, Vijayawada, Bengaluru, and Pune.

Did you know 82% of coworkers say they have expanded their professional network after joining a coworking space? (Source) Well, coworking space is not just about good interiors. It is also about making useful business connections that ultimately help businesses to succeed.

Networking is a crucial part of the business. Networking helps you make connections that benefit your business. And what’s a better place to network than a shared office space. Coworking spaces in Hyderabad like iSprout offer the correct environment and an opportunity to network with varied professionals that can help you in your business.

How Coworking Spaces Help You In Networking?

Coworking spaces allow you to expand your network just by giving you space with other professionals that may or may not be in your domain. Even a small chit-chat at a common cafeteria can help you make some meaningful connections that you would have never made if it wasn’t for coworking space.

So here are some benefits you get in terms of networking at a coworking space.

Offering A Diverse Environment

Coworking spaces in Hyderabad like iSprout offer a diverse environment and here’s how.

Generally in traditional office spaces, you only get a chance to interact with people in your domain and industry. But when it comes to shared office space, you get a chance to meet individuals from different walks of life. That’s how you can increase your knowledge base and use it to improve your product/service or learn things that can help you in future.

By Organizing Events

Events are the best way to make meaningful connections. Especially for people who find it hard to break the ice. Also, many people aren’t great at small talk. But attending various events, it gives an opportunity to coworkers to strike up a conversation that could have been hard to initiate. iSprout arranges several events throughout the year to keep the members entertained with informative, enlightening, and fun events to assist its members to expand their connections hassle-free.

Motivation to Engage and Network

Working remotely seems good until you feel isolated and depressed. Also, working remotely prevents you from engaging with new people and having a good time. But working at a coworking space pushes you to network and talk with new people. Consequently, helping you expand your network diversely.

Helps In Growing Your Contacts

Growing your contacts can be a hell of a task especially when you are a freelancer or a solopreneur. And being in such a position, you have to actively seek out people in order to grow your business and contacts. However, at a coworking space, you have the opportunity to meet people from a variety of professional backgrounds that can help you grow your business. These individuals can become your clients, assist you in some capacity, or recommend your services or products to others. As a result, it becomes easier to grow your network of contacts in a shared office space.

Final Words

The coworking space is an innovative way of doing business that will only continue to grow in popularity in the years to come. It provides individuals with the perfect combination of a professional environment and opportunities to network with a diverse range of people. For businesses, establishing a presence in a coworking space is an excellent way to build a good reputation and create meaningful relationships. Although, it is possible to make connections virtually a connection made while working in real-time sustains for a long period of time.

In short, there is nothing like meeting and greeting people in real-time at a refreshing and cool coworking space like iSprout, a leading coworking space in Hyderabad.

The coworking space industry brought havoc post-pandemic. All because it served a large audience including solopreneurs, freelancers, and entrepreneurs.

Since India is seeing the startup revolution and we just went through a pandemic, people have started referring to remote and hybrid models lately. This created a huge demand for coworking spaces where people can avail of the benefits of traditional offices along with remote working.

Pune is a well-established city where many huge corporations reside. In fact, the city is home to 3200 businesses of which 2% accounts for IT startups.  All of a sudden, due to the pandemic and the changed preferences of employees, business owners were pushed to coworking spaces in Pune. But the big blow came for other reasons which are listed below.

Reasons For Making A Shift To Coworking Spaces

There are several benefits of coworking space that businesses are willing to leverage to their advantage. But the main cause for the shift is a different story.

Looming Recession

The possibility of a recession in the US has created an atmosphere of fear among other countries. Besides, the increase in rising interest rates, weakening of currencies, and mounting public debt- all these factors together are raising the prices of fuels and food which is creating uncertainty in the global markets.

Therefore, business owners are taking steps to make their businesses recession-proof by cutting costs. And what better way to cut costs than by moving to a coworking space in Pune?

Coworking space is a great way to eliminate leasing properties for office spaces and shift to shared office spaces providing desk services. Well, that eliminates the front-desk service cost as well leading to saving more money.

FYI, Pune city saw a drop of 32% in office space in the first half of the financial year 2022-23.

Increase in Rent

There has been an increase in monthly rentals of offices which was the last straw to pull for Pune business owners. An average 6% increase in office rent made the move to coworking space stronger than ever.

Furthermore, coworking spaces in Pune were ready to welcome this move with open hearts. Since they were all set to offer exceptional services to fulfill the increasing demand for the same.

iSprout coworking space is one such leading firm for offering shared office spaces in the city. Having two of its centers located at Yerwada and Hinjewadi in Pune, iSprout is committed to serving corporates with adequate services needed to run businesses smoothly.

With exquisite interiors, robust internet connection, and fully functional conference rooms, many corporates and solopreneurs leveraged the services of iSprout to further their business goals. Additionally, the professional in-house business support team is also open to offer end-to-end solutions through a gamut of services to enhance the overall experience of entrepreneurs. Join iSprout, the best coworking space in Pune, and accelerate your business growth.

Just a few years back, if you were to talk about the best coworking spaces in Hyderabad most people would draw a blank. This isn’t the case anymore. The word “coworking space” has overtaken the corporate world and changed the office space game. But it still has not replaced traditional office spaces, accounting for only 3% of the total office space market. So, the question remains, will coworking spaces remain relevant in 2023 and the coming years? Let’s take a look.

Are coworking spaces still relevant?

Coworking spaces have still not reached their saturation point in India. They are continuing to grow and according to a report by JLL, will likely be crossing 50 million sq ft and account for 4.2% of the office space market by 2023.

With that said, let us examine why 2023 and beyond might be a good set of years for the coworking sector.

Increasing flexible and hybrid workforce

A few years back, people were expected to work from the office. Then the pandemic happened. And work from home became the norm. Now that things are finally getting back to normal, most employees want to have both the perks of working from home as well as dedicated office spaces. And that is exactly what the best coworking spaces in Hyderabad offer. It provides employees with the flexibility to work from an office setting without tying them down to a traditional office model.

Rising demand for productive workspaces

Working from home is not for everyone. And that’s okay. Some people prefer working from offices. Especially when the home environment is not very conducive to a productive workspace. That’s when coworking offices come in handy, It provides an environment that is designed to boost productivity. At iSprout, we offer office space for rent in Hyderabad that comes with fully customizable private cabins and dedicated desks along with a front desk service that caters to your needs so that you can work without any distractions.

Growth of the gig economy

In recent years, there has been a rise in the gig economy. Freelancing alongside a full-time job is becoming a new type of normal. With more companies willing to hire workers remotely, employees no longer have to be tied down to just one company. With work becoming more flexible, there is a need and demand for more coworking office space for rent in Hyderabad where you can focus on work, engage and meet with clients, and even collaborate with other freelancers.

Need for a more collaborative community

Humans are social creatures and cannot work alone for long periods of time. Working from home can be quite lonely and lead to burnout. In a coworking space, you are surrounded by other people. These offices are also designed to be collaborative spaces where you can connect with other professionals, socialize with peers and build a community of like-minded people.

Coworking spaces are not going away anytime soon and will remain so, even beyond 2023. With the rise of a flexible and hybrid workforce, rising demand for productive workspaces, growth of the gig economy, and the need for a collaborative community, coworking spaces will continue to bring in employees from around the world.

iSprout is one of the best coworking spaces in Hyderabad. Our inspiring office spaces are created to match the needs of ever-growing business enterprises. We provide well-serviced spaces, trained support staff, and attractive amenities in prime locations across Hyderabad, Vijayawada, Chennai, and Pune.

Is it just us or is everyone as fascinated as we are about flexible offices? Well, popularized by the pandemic, flexible workspaces are becoming the talk of the town. Since many people are taking up entrepreneurship, freelancing as their full-time career, and not getting married to their desk jobs. Moreover, forward-thinking business owners are also looking for ways to evolve with the changing work dynamics where flexibility is becoming the need of the hour and hybrid work models are the way to keep up.

Here are some characteristics of a flexible work office to give you a clear idea about how it works and help you in your business.

 Characteristics Of Flexible Workspace

Infrastructure: Infrastructure plays an essential role in flexible workspaces. For instance:

• They are appropriate for collaboration
• Super comfortable
• Ignites creativity

Furniture: Flexible work offices are not about throwing a chair and table wherever a space exists. It’s more about the employee’s well-being and comfort. The furniture at flexible offices is more like:

• Built-in accordance with ergonomics
• Highly functional and supports mobility
• Caters to the needs of today’s employees

Technology: Coworking spaces offer ample tech support that helps businesses run smoothly. For instance:

• Hi-speed internet connection
• Computers
• Televisions
• Device chargers

Transformative: Being able to shrink and expand is what is the USP of a coworking space. Flexible workspaces are adaptable and can quickly transform and cater to the ever-changing needs of employers.

Perks of Flexible Offices

Flexible Workspaces allow employees to work in a more comfortable environment where interiors and infrastructure are taken care of. These factors may seem like an expense to many business owners but it does affect the productivity of their employees.

Pay As You Use: No need to invest in real estate to accommodate employees. You can book your space as much as you need. By employing a flexible workstation, you get allotted your workspace according to the number of employees. So no more wastage of space and plus you get amazing infrastructure.

Adjustable: Your flexible workspace will be adaptable as per your needs. If you increase your employees count you can easily accommodate them on a flexible workstation. Or if you have a hybrid working model, you can adjust accordingly without wasting any of your resources.

Networking Opportunities:  If you are a solopreneur or a freelancer, you book a dedicated desk at a coworking space. By doing this, you get ample opportunities to network with like-minded people or meet perspectives you never knew.

Employee Well-being: Employees’ well-being is imperative and offering them spaces that motivate them, and makes them happy is a must to attract talent. Moreover, you also make a striking impression on them and stay ahead of your curve.

Final Words

Flexible workspaces help enterprises get rid of challenges like workspace costs, changing occupancy, and worker support. In fact, these workspaces empower businesses and business owners to adjust accordingly to their changing needs. This way enterprises can take the advantage of ecstatic workspaces at affordable costs and run their business smoothly.

Moreover, if you are in search of amazing flexible workspaces or dedicated desks, check out iSprout, India’s leading player in coworking space that offers an in-house business support team and other services needed for the smooth working of an enterprise.