coworking, cowork, shared workspace, WeWork, awfis, smartworks

AltF Coworking has started two new centres with a total capacity of nearly 1,600 desks in Noida and Gurugram as part of its expansion plan amid rising demand for flexible workspace from corporates.
The company has signed up 1.5 lakh square feet area in a office building at Sector 142, Noida, having a total capacity of around 3,000 desks. It has already made operational 970 seats from the beginning of this month and will open the rest in the coming months.
AltF Coworking has also started a new centre on Golf Course Road in Gurugram, comprising 600 seats and 25,380 square feet area.
The company provides managed office space, mainly to startups and SMEs.
Sarthak Chhabra, co-founder of AltF Coworking, said, "We have opened two new centres in Noida and Gurugram to encash rise in demand of flexible workspace. With the start of these two centres, our total capacity has gone up to 4,700 desks across 10 centres."
The company has now 10 centres in Delhi-NCR and out of that six are in Gurugr

Chart

Demand fuelled by hybrid work models, digital nomads, post-Covid urban loneliness

Co-working spaces

Average monthly office rentals rise across cities, highest in NCR and Hyderabad at 5%

Co-working firm Awfis on Tuesday said it has given on lease 64,000 square feet office space to agri-commerce firm WayCool.
Awfis has leased 64,000 square feet to WayCool across Chennai and Bengaluru. Property consultant CBRE facilitated the leasing deal.
Currently, the co-working player has 95 centres and 55,000 seats spread across 13 cities and is soon heading towards the 100 centres milestone before the end of 2021.
Today, organizations are on the lookout for solutions that not only offer safety and convenience but also go the extra mile to improve productivity while optimizing costs," Amit Ramani, Founder & CEO, Awfis said.
"The commercial real estate sector has proven to be extremely resilient over the last year. With the role of workplace changing, we at CBRE are optimistic that the sector's steady growth will continue in the future as well," said Anshuman Magazine, Chairman & CEO - India, South East Asia, Middle East & Africa, CBRE.

corporate

Nexus Venture Partners-backed Zolostays is also coming up with custom-made properties for corporates

What do you do when your business model is based on professionals sharing workspaces at a time when coronavirus crisis is snowballing?

Here's why co-working spaces are the garages of today's entrepreneurs

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

My Place Coworking

Demand for flexible workspace in India is estimated to jump five times by 2025 to 130-140 million sq ft, accounting for one-third of global coworking inventory, according to a report by property consultant Cushman & Wakefield (C&W).
The global real estate consultant released its  report 'Redefining future workplaces  at Workplace Trend Conclave held here on Friday.
"The phenomenon of coworking has been the proverbial storm in the teacup for commercial real estate in India," the report said.
India is one of the largest flexible workplace markets in the world, the NYSE-listed consultant said.
"The rise of millennials has led to the existence of a strong start-up and entrepreneurial culture. They need a workplace that inspires innovation and ideas, offers flexibility in terms of timings and location, while being integrated with technology for communication and collaboration," said Anshul Jain, Country Head & Managing Director-India, C&W.
The consultant has estimated the ..

funds

Smartworks, which has 23 operational centres in 9 cities and offers 43,000 workstations over 2.3 mn sq ft, plans to grow to 20 mn sq ft and seat 200,000 professionals over the next five years

WeWork plans co-working spaces at just Rs 5000/month in Mumbai, Delhi

It has taken on lease nearly 1.4 lakh sq ft area from Berger Group, 74,000 sq ft from Logix and around 92,000 sq ft from Advant in Noida for three new facilities

Members at a 91Springboard facility in Delhi's Nehru Place

It's difficult for startups to predict  their future growth, and co-working spaces help them scale up much faster

Collection in H1 over 50% of BE of Rs 27,625 cr

Union Civil Aviation Minister Jyotiraditya Scindia and Railways Minister Ashwini Vaishnaw have been coordinating in recent months on these projects

PM Gatishakti: 3 upcoming airports on fast track to get rail connectivity

airport

India has told Canada that if any of these diplomats stay after October 10, their diplomatic immunity will be revoked

Justin Trudeau

India roll-out timelines not known immediately

Malaria vaccine

IQuest Enterprises has a slew of investments in the pharmaceuticals and healthcare space - including investments in CARE Hospitals, Celon Laboratories, etc

health

The government has exempted export of 'Bangalore Rose' onion from duty, subject to certain conditions.
The Finance Ministry issued a notification granting exemption from export duty on Bangalore Rose onion provided that the exporter furnishes a certificate from the state horticulture commissioner, certifying the item and quantity of Bangalore Rose onion to be exported.
In August, the government imposed a 40 per cent duty on export of all varieties of onions to increase domestic availability and check price rise in the local market.

Onion, Onions

In cases registered or transferred to the CBI, teams have to visit the scene of the crime, recreate the scene, collect forensic evidence, and send it to the Central Forensic Science Laboratory

Biren Singh

The 'rail roko' stir of Punjab farmers demanding compensation for crops damaged in the recent floods, a legal guarantee on MSP and a sweeping debt waiver entered its third day on Saturday.
The agitation has hit the movement of trains, with many being cancelled, short-terminated or diverted, railway officials said.
The farmers have been blockading railway tracks at several places in Faridkot, Samrala, Moga, Hoshiarpur, Gurdaspur, Jalandhar, Tarn Taran, Sangrur, Patiala, Ferozepur, Bathinda and Amritsar since Thursday as part of their three-day agitation.
The protest has left hundreds of rail passengers stranded in Punjab and Haryana.
A railway passenger at Ludhiana station said he arrived from Jalandhar City by road to take a train to Gorakhpur but there is no information on when it will arrive.
Another passenger at the station said the agitation forced the cancellation of a train from Amritsar in which 12 of his family members were supposed to travel to Bihar.
They later learned 

farmers protest, rail roko

The Bengaluru Police have busted a Rs 854 crore cyber fraud scam and arrested six people who allegedly cheated thousands of victims across India on the pretext of an investment scheme, officials said on Saturday.
Out of the total cheated amount, Rs five crore had been frozen, they said.
The accused gang lured the victims through Whatsapp and Telegram. Initially, they were asked to invest smaller amounts ranging from Rs 1,000 to 10,000 on the pretext that they would earn Rs 1,000 to 5,000 per day as a profit, a senior police officer said.
Thousands of victims invested money ranging from Rs one lakh to 10 lakh or more, he said.
The money invested by the victims was dumped into different bank accounts through online payments. However, after completing the investment process, when the victim tried to withdraw the amount, they never got any refund, he added.
Once the amount was collected, the accused diverted the consolidated money to mule accounts (related to money laundering), the ..

arrest

The TMC has arranged special buses to ferry nearly five thousand MGNREGA job cardholders to Delhi for their scheduled protest programme next week against the alleged withholding of funds by the Centre, a party leader said on Saturday.
Senior TMC leader Abhishek Banerjee announced on Friday that his party would make alternative arrangements for transporting its supporters to Delhi for the October 3 protest programme, accusing the BJP of creating roadblocks after the request for a special train was denied.
"As we were denied a special train, we have made alternate arrangements for special buses to transport the MGNREGA workers to Delhi. Since the buses will be travelling through BJP-ruled states, we are also arranging for pilot cars to ensure the safety and security of the MGNREGA job cardholders," a senior TMC leader stated.
According to TMC sources, every bus will also have a TMC leader and activists to take care of the 100-day job cardholders.
"Special arrangements for emergency .

TMC MP Abhishek Banerjee

The combined market valuation of five of the top 10 most valued firms declined by Rs 62,586.88 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid an overall bearish trends in equities.
Last week, the BSE benchmark fell 180.74 points or 0.27 per cent, and the Nifty declined 35.95 points or 0.18 per cent.
The market valuation of TCS plunged Rs 26,308.58 crore to Rs 12,91,919.56 crore.
Infosys witnessed an erosion of Rs 25,296.43 crore from its valuation which was at Rs 5,95,597.10 crore.
The market valuation of Reliance Industries fell by Rs 5,108.05 crore to Rs 15,87,553.37 crore and that of Hindustan Unilever declined by Rs 3,865.08 crore to Rs 5,79,373.96 crore.
The market capitalisation (mcap) of HDFC Bank dipped Rs 2,008.74 crore to Rs 11,57,145.86 crore.
However, the mcap of Bajaj Finance jumped Rs 20,413.41 crore to Rs 4,73,186.41 crore.
Bharti Airtel added Rs 8,520.13 crore to Rs 5,19,279.14 crore in its valuation while

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

As the festival season approaches, followed by elections, state and national, there will be pressure on liquidity since cash with the public will rise

Banks credit growth

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

The Chhattisgarh government will provide cemented houses for 47,000 poor people residing in rural areas of the state

Bhupesh Baghel

The e-commerce platform, Amazon, offers enormous discounts on iPhone 13 and other products in the Great Indian Festival 2023. The Festival sale is to begin on October 8

Amazon

The Assam government has decided to hike the daily minimum wage of tea garden workers by Rs 18, Chief Minister Himanta Biswa Sarma said.
During a cabinet meeting chaired by Sarma, the decision was taken to increase the wages in both Brahmaputra and Barak valleys with effect from October 1.
"The cabinet decided to increase the minimum daily wages of tea garden workers. In Brahmaputra valley, the daily wage has been increased to Rs 250 from Rs 232 with effect from October 1. In Barak valley, the workers will get Rs 228 instead of Rs 210 from now," he said.
Briefing the press after the meeting on Monday, Sarma said the government has given instructions to the garden managements to give a 20-per cent bonus for the ensuing Durga Puja.
"There will be a 3-per cent reservation in government jobs for tea garden workers and adivasi people with immediate effect. This will be for only the non-creamy layer," he said.
The chief minister also said a decision was taken to create Bajali district b

Assam govt hikes minimum wage of tea garden workers

farmers, lockdown, coronavirus

He emphasised that there was no shortage of medicines or doctors, and the patients were given proper care, but their bodies did not respond to the treatment

Healthcare, hospitals, patients, dialysis

The Delhi government is likely to pay the last instalment of its share in the upcoming Delhi-Meerut Regional Rapid Transit System (RRTS) corridor soon with the transport department moving a proposal in the matter, officials said on Monday.
The amount for the last instalment is Rs 415 crore and will total around Rs 485 crore after taxes, said a senior government official.
Officials said that the transport department had last week sent a file to the finance department for payment of Rs 415 crore as the last instalment of the Delhi government's total contribution of Rs 1,180 crore in the RAPIDX corridor.
The 82.15 km long Delhi-Meerut corridor connecting Sarai Kale Khan in the city to Meerut's Modipuram is estimated to cost Rs 31,632 crore. The corridor, with 24 stations, will cover the distance in an hour.
The Delhi government paid Rs 265 crore as the first instalment in March 219. The last instalment of Rs 415 crore plus taxes will also be paid from the environmental cess corpus as

A  first look of the RRTS train unveiled by Durga Shanker Mishra, Secretary, Ministry of Housing & Urban Affairs (MoHUA), in New Delhi on Friday.

coworking

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Co-working firm Awfis gives on lease 64,000 square feet space to WayCool

Co-living players eye corporate sector with hybrid accommodation models

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Flexible workplace demand to increase 5-fold by 2025, says report

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WeWork India forays into Noida market, to open 3 coworking centres soon

How co-working is renovating traditional office and work culture in India