1. SUMMER TRAINING PROJECT REPORT PRESENTATION
THE EMERGANCE OF COWORKING SPACES WITH REFERANCE
TO PROPQUES SERVICES PVT.LTD LUCKNOW
Faculty Guide – Dr. D K Shukla
Company Guide – Swithen Thomas
MD Propques services pvt.ltd
Submitted By – Vaishali Dubey
MBA 3rd semester
COWORKING SPACE IS AN ENVIRONMENT THAT’S DESIGNED TO
ACCOMMODATE PEOPLE FROM DIFFERENT COMPANIES WHO COME TO DO
COWORKING SPACE IS CHARACTERIZED BY SHARED FACILITIES, DEVICES, AND
INDIA IS THE SECOND LARGEST JUST AFTER THE UNITED STATES WITH 2200
IT IS A GROWING SECTOR IN INDIA AND TO BE MORE SPECIFIC ( BANGLORE,
MUMBAI, INDORE, HYDRABAD )
IT HAS GAIN ITS POPULARITY AFTER THE PANDEMIC AS COMPANIES REALIZED
THAT THEY DON’T HAVE TO SPEND A HUGE CHUNK OF MONEY ALONG WITH
LONG TERM CONTRACTS.
3. COMPANY’S PROFILE
At Propques, they assist with result-driven
strategies and formulas that drive sales and
fantastic ROI’s for individuals – no matter where
they might be in their coworking space business.
They analyze flexible workspace business models
and real estate spaces, utilize known data, and
apply the best practices. The result is a
customized plan for the growth and sustainability
of property owner’s shared workspace business.
TO KNOW THE BENEFITS OF CO-WORKING SPACES TO ECONOMY AND
TO KNOW THE PREVAILING MARKET TRENDS IN COWORKING SECTOR
TO KNOW THE GROWTH OPPORTUNITY FOR PROPQUES IN DIFFERENT
CITIES ACROSS INDIA
6. DATA ANALYSIS
1. The co-working industry is expected to reach a valuation of $2.2 billion by 2022.
2. India's co-working space market is all set to pass 50 million square ft by 2023.
4. In 2020, 75,000 seats in flexible spaces were leased in India.
5. The potential market size of coworking stands in the range of 12-16 million across India.
6. India has incredibly large co-operating formats spanning approximately 50,000 sq feet in comparison to the world
average of 7,000 sq feet.
7. Co-working space market lease is estimated up to 10 Million sq. ft. across India from 2014 to 2020.
In 2021, India is ranked #2 globally for having the most coworking spaces. The number amounts to 2,197.
7. 1.The co-working enterprise is predicted to
attain a valuation of $2.2 billion by 2022.
2.At present, the marketplace penetration
of flexible spaces into India's total office stock
is 3 per cent.
3.India's co-working space market is all set to
pass 50 million square ft by 2023.
4.The share of coworking space take-up in
overall leasing activity is poised to revive to
a 15 per cent share in 2021.
5.By 2022, Over 3000 co-working spaces in the
entire country are likely to be offered
approximately one million desks.
6.In 2021, Leasing by co-working operators
to rise by 42%.
The evolution of coworking spaces in India will witness collaborative work culture as a boon for
businesses to gain attraction and faster growth.
With the rise of coworking spaces, the traditional workplaces are seeing a change in people’s
perception towards work and the way they work.
The coworking sector in India has come a long way from being a niche sector catering to a niche
audience to being a sector that has the potential to provide co-working spaces to a majority of
blue collar workers in India.
The Indian economy is on a high growth rate and the rush for business has never been greater.
With this upsurge in business needs, there are associated challenges for small businesses.
Finding larger spaces, which are affordable and secure, the right resources for growth are their
priorities. Offices are getting overcrowded and rents are skyrocketing.
Hence, startups are opting for coworking space as it provides the environment to focus on
work, networking opportunities with people who are passionate about similar work, and high-
speed internet, all while being cost-effective.