Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore.
What do you do when your business model is based on professionals sharing workspaces at a time when coronavirus crisis is snowballing?
In the coworking space, top seven operators - Cowrks, WeWork India, Awfis, Regus, Smartworks, 91springboard and OYO Workspaces - have more than 350 centres across cities in the country
Real estate experts say such places work out to be 15-25% cost efficient vis-a-vis permanent offices
With shared offices in vogue, Awfis plans to add more than 100 centres in 12 months
The firm aims at its raising seat capacity to 40,000 in a year and it aims at foraying into six new cities including Chennai and Bhubaneshwar
The company is testing potential of mobile office concept