Workspaces are witnessing a major revolution globally with co-working becoming the need of the hour. Gurgaon is taking a historic future step with the biggest co-working space in the world set to be opened in the city soon. GoWork will be officially launching on the 23rd of August, 2017 in Gurgaon with more than 12, 000 seats in a single location. The facility spreads over a whopping 8 lakh sq. ft. The biggest co-working space in the world was WeWork at London’s Moorgate which had 3, 000 seats.
The biggest co-working space in India was previously owned by WeWork and encompassed 2, 25, 000 sq. ft. in Mumbai. With tenants signed up already, GoWork is counting on a positive start to proceedings. The project has been developed by Nimitya Group which is a commercial real estate developer. Co-working spaces make for the fastest growing commercial realty category in the country at present. India should have more than 11, 500 tech based startups by the year 2020. Startups generally require low cost and affordable commercial spaces with basic amenities.
Last year itself, co-working space providers acquired 1.2 million sq. ft. on lease in the country and this is the big opportunity that global chains like WeWork are pursuing. According to the CMD at Nimitya Group, Sanjeev Mahajan, this facility has been created based on market research which indicates growth in the sector and the need for creation of a whole ecosystem based on the true spirit of collaboration. A big space was required for offering ample seating along with amenities like gyms, conference rooms, breakout areas and a meditation centre. According to the chief evangelist at GoWork, Sudeep Singh, co-working and collaboration spaces are required in India, particularly for the next generation.
Cox & Kings has been the first tenant for GoWork and has taken 1,000 seats encompassing a total area of 50,000 sq. ft. The entry pricing for a seat is Rs.350 at GoWork per day. This price is reasonable in comparison with other co-working zones in the country.