Tag Archives: co-working space

Smartworks Journey Milestones

As the year draws to an end and Smartworks embarks on its third successful year, we would like to reflect on our growth and thank you for your support. We, at Smartworks, strive to deliver an office experience par excellence and redefine workspaces in India.

All this has only been possible because of the Smartworks family, which includes you and us. For us, our community comes first! You come first! We will continue to stretch ourselves to ensure that your experience remains impeccable.

At the onset, we would like to thank you for your relentless support and the unconditional love you have shown us all through the year, which has resulted in Smartworks becoming one of the most renowned coworking spaces in India. Smartworks stand where it does today because of you. We would like you to continue to grow with us!

Smartworks started as our dream of transforming the way traditional offices work in India and have grown into one of the largest agile workspaces in India as of today.

We drew inspiration from futuristic workspaces and community-driven employee culture across the world to create Smartworks. Our ambition is to create a way of life for employees to be productive and efficient at their workspaces.

Founded in April 2016, with a motto of ‘Workspaces that work for you’, in a short span of two years, Smartworks has grown exponentially and has established a footprint of 2 million sq. ft across 18 locations in 9 cities (Delhi NCR, Kolkata, Bangalore, Mumbai, Hyderabad, Chennai, and Pune), catering to more than 300 clients across large enterprises, SMEs, startups.

Our community is mostly enterprise-focused with more than 75% of our members belonging to the enterprise community. Our member base has shown robust growth, with a total of 13000+ members and 300+ organizations sitting out of our centers. Our clients span across sectors like IT, manufacturing, telecom, healthcare to startups. Some names include Amazon Web Services, Microsoft, Tata Consultancy Services, Bacardi, DHL, Jaguar Land Rover, Episource, Deluxe (Fox Star Studio), Play Games 24*7 among others. We house 52% branch offices, 33% of headquarters and 4% regional offices at Smartworks offices; Increased the member count by 300% and added more than 10,000 new workstations; Grew by 2.7X in sq. ft presence across 9 cities, 18 centers and reached 2 mn sq. ft; Incedo Pune expanded with us in Chennai & Bangalore.

Smartworks Community

Some of our differentiators include –

  • Creating spaces that go beyond just being an office space
  • Configurable office spaces created as per the specifications of member companies
  • Creating vibrant communities at the workplace through a mix of state of the art real-estate, interiors, technology and hospitality
  • Integrates latest office technologies and industry-first value-added services to deliver a “wow” office experience to its members
  • Focused on building productivity amongst those who work at the facilities
  • We also happen to be the only profitable coworking space in India
  • Productivity lies at the core of what Smartworks does

 

Growth & Initiatives

  • At Smartworks, we offer more than just an office space. We combine top-notch real-estate design, technology, and hospitality to create vibrant communities at your workplace
  • In the next year, Smartworks is bullish and is targetting 3 million square feet of managed office space across Tier-1 and Tier-2 cities, over the next three years
  • Our internal team grew by 30%
  • Partnered with various organization from the likes of Niti Aayog, Lean In India, NASSCOM 10k Startups, Headstart, Network Capital
  • Total no. of coverage of 350+ garnered with 45 print coverages and over 40+ online links over media with tier 1 publications like Deccan Chronicle, Times of India, Business Standard, The Economic Times, Business Today, The Hindu, Inc.42, New Indian Express, and Mint to name a few
  • Turned our offices smarter by deploying Mitra robot at our GTP centre to enhance our member experience

 

Smartworks Journey Milestones

Our friends from the media love us-

trend of co-working spaces

3 Reasons Why People Thrive in Co-working Spaces

The evolution of co-working spaces has drastically changed the traditional working culture and has garnered the reputation of harnessing more productivity in people. According to a Harvard Business Review study, co-workers thrive at a rate of 6% to 7% higher than conventional workspaces and therefore in the last few years, companies and individuals are becoming more inclined towards the concept. Being at a co-working space allows people and organizations to connect, learn and grow as they get the opportunity to interact with people belonging to diverse fields of work.
Unlike traditional office spaces, which have caged cubicles and a rigid working environment, co-working spaces enable workers to work with more freedom in a vibrant ambiance which results in more productivity in them. These places are the perfect melange of futuristic workspaces and community-driven employee culture where workers can find the perfect work-life balance and hence, become more productive. Let’s find out what are the reasons for which co-working places have become the most preferred destination for the present working class.

1) Flexibility of Work

Co-working spaces came into being with the aim to nurture communities of non-competitive professionals by encouraging them to work individually or by collaborating with others at their will. Although over the years, the ideology has changed and co-working offices are no longer confined to non-competitive professionals, yet flexibility is still the core value of these workspaces. Being at a co-working space, organizations and individuals can choose flexible working hours and desired workspaces that work for them. Contrary to the common notion that one loses its personal space at co-working spaces, the truth is there is no forced interaction in co-working places and thus, is suitable for all kinds of workers ranging from hermits to gossipmongers. For example, an introvert who likes to work in isolation but needs the office vibe to be more productive, he or she can work with confidence without socializing with others. On the contrary, if an extrovert who uses socializing as an excuse to brainstorm ideas and be more creative, co-working is the perfect place for him. Co-working offices offer opportunities for everyone to be more productive and successful.

2) Sense of Community

Being at a co-working space can integrate a sense of pride among the workers to be a part of a productive and flourishing community. It helps them to interact with people with a similar mindset and build strong personal and professional relationships. A great place to collaborate with others and learn, co-working spaces offer incredible opportunities to organizations and individuals to create and expand their network in order to thrive in their respective fields. Working at a co-working place instills a sense of oneness among the workers which motivates them to go to work every day without fail and work with sheer dedication to producing better results. Also, it has been observed that being in a community helps employees to be more structured and disciplined, thereby making them more efficient and productive. The community managers at these places never leave a stone unturned and walk that extra mile to make sure the employees are better equipped to be more productive so that they can work with full potential and ensure improved efficiency.

3) Creative and Unique Working Spaces

With the emergence of co-working offices, organizations and individuals are getting the chance to choose their workspaces according to their preference and style. There are a host of co-working space providers that offer customizable office spaces to ensure more productivity by creating a workplace that defines their unique style of working. A vibrant and exciting workplace can cultivate enhanced productivity in employees and ensure the results of yielding outcomes. Generally, co-working spaces are considered to be a place for all as they offer different styles of workspaces that can cater to every individual or organization. Be it a freelancer, a start-up company, small or mid-sized organizations or the big brands in the market, co-working offices provide all the necessary features needed to be more productive and become successful.
It is clear that the culture of flexibility, collaboration, community and the presence of unique yet comfortable workspaces in co-working offices help people to thrive in these places. Co-working places create the right balance of freedom and structure which pushes employees to work efficiently and create opportunities for both employees and the organization to succeed. Looking at the present scenario it can be concluded that co-working is the future of workspaces and it won’t be long when co-working will become the way of life for the entire working class.

co-working office spaces – Interesting facts

4 Interesting Facts on Co-Working Space

With the ease of doing business increasing rapidly, thanks to numerous government initiatives, the entrepreneurial environment of India is also flourishing. This has boosted the demand for office space in India. Moreover, with an increasing number of freelancers, start-ups, and other small and medium-sized businesses, the concept of co-working office spaces in Pune and other cities is also gaining popularity. Let’s take a look at some interesting fact regarding co-working spaces in India:

Co-working space – Interesting facts 

      1. Co-working spaces offer flexible working options to freelancers, entrepreneurs, SMEs, and start-ups at an affordable price. Co-working spaces in Pune and other metro and tier-II cities provide desks, office space, meeting rooms in cheaper rentals along with other utilities such as internet connection, pantry, networking opportunities to name a few. Are you a budding entrepreneur looking for a good co-working space in Pune? If yes, we may help you. Get in touch with us at https://www.smartworksoffice.com/, and we will provide you with practical workspace solutions.
      2. Co-working spaces are great for networking opportunities. With a stream of co-workers such as investors, bloggers, start-ups, designers, and PR professionals joining the space, it facilitates community build-up of like-minded people. In other words, co-working spaces don’t just provide a physical workplace, but also add value to the community that exists within that place. For instance, the founder of a start-up might find a designer or an investor there.
      3. Location and accessibility are two important factors that have helped make co-working spaces a popular and profitable option. Usually, co-working spaces are located in areas with excellent public connectivity and decently furnished interiors. Also, the distance between the occupant’s residence and the co-working space is a factor that is driving its popularity.
      4. A survey conducted by Deskmag in 2010 found that 70% of the co-workers are happy with their co-working space. The survey was undertaken in 24 countries and included 661 people. About 85% of the respondents said they feel more motivated and about 88% of the people agreed that they had better interaction with other people after they moved into a co-working space. Also, 42% agreed to earn a higher income after joining a co-working space. Source: http://www.deskmag.com/en/why-coworkers-like-their-coworking-spaces-162

We hope that these pointers will help you get an overview of how co-working spaces are changing the business ecosystem of the country. For further details regarding co-working spaces in Pune and other cities, call us at +91-84489-80480.

Factors For Choosing Best Co-working Space

Location combined with amenities stand out as integral factors in choosing co-working space

Going by famous expression coined by real-estate tycoons, three factors matter the most when it comes to real estate- ‘Location, Location & Location.’ This dictum is followed by a majority of people in the business.

While we’re no real-estate gurus, we do have an expertise when it comes to choosing the right co-working space for your business. There is plenty of advice floating around on the internet and in the real world for businesses on a lookout for shared spaces. Mostly this information is either too amateur or too complicated to decipher and follow resulting in a confused business, unable to make the right decision for their selves.

We, at Smartworks, to make it easier and precise skip the technical and cumbersome jargon and shift our focus to only two factors. The first, passed on to us by real-estate legends- Location. Second, a factor we figured out with our experience in the business- Amenities/ Facilities.

Why Location?

A centrally located office is largely significant in how much value you get out of your membership. A location, having good transport connectivity, nearby entertainment facilities and convenient stores, decent restaurants, parks or other reputed companies is a win-win situation for your business. An impressive neighbourhood or a prestigious cyber park not only impresses potential clients but serves as a lucrative factor for the prospective employees as well. A short stroll in the park post lunch or an evening out at a nearby restaurant with colleagues serves as a welcome break from the mundane routine at the office.

On the flip side, choosing or getting a centrally located office space is no easy feat. Every location requires a thorough research and some ground-breaking determination to finalise. When it comes to a co-working space, the importance grows manifold.

For instance, at Smartworks, we make sure that our offices are located in the heart of the city to cater to the needs of a majority of businesses. Yet, an essential factor to remember is that every business has its own requirements so always choose a location that works for you and the needs of your business.

What to look out for?

  • Easy to reach
  • Good parking facility
  • Superior connectivity to public transport
  • Safety and security precautions
  • Convenience

Why Amenities/ Facilities?

Does your business require a fast Wi-Fi connection, access to an excellent 3D printer, Skype room for client calls, suitable space for brainstorming sessions? Or you need something for yourself like a cup of coffee or tea early morning, a cafeteria offering healthy food or home-cooked food options? Clean toilets?

First of all, it’s quite challenging to work in an office not offering facilities which are a necessity for your business. Secondly, it’s equally difficult to work in a space which does not cater to your basic needs as well. Every office-goer has some requirements to be fulfilled. It’s simple logic- the more needs met means an increase in the happiness index of employees which automatically equals better performance at work and an increased job satisfaction. That is precisely why it’s also important to find a co-working space that gives you everything else you need to maximise your work experience.

The creation or complete destruction of the value proposition of office space depends entirely on the infrastructure and amenities it has to offer.

Ideally, a business should look for a co-working space that caters to all their needs by providing a membership plan which makes you productive sans lucrative extras you will never use.

A co-working office space like Smartworks offers all the basic as well as luxurious amenities like a Smart cafe or a weekly entertainment session. On top of that, a co-working facility like ours helps balance the work/life equation and provides a daily dose of fun as well!

What to look out for?

  • Engaging working environment
  • Good internet connection
  • Sanitary bathrooms
  • 24-hour electricity back-up
  • Good cafeteria and drinking water
  • Comfortable seating facility etc.
co-working space agreement

Signing a co-working space agreement? Keep these points in mind!

While working in a co-working space is slowly yet gradually gaining popularity in India, there persist several confusions regarding the working of the agreement. Where some argue that the co-working arrangement is similar to that of a lease agreement, some claim that it’s just like entering into a rental agreement.

But in reality, working in co-working spaces is like checking into a hotel room where you get access to avail all the facilities and services (of course at a cost) without owning or renting the property.

In other words, co-working space agreements are service agreements in which coworkers use the space for a limited period (according to their needs) and leave when they are done. These contracts don’t bind the person to a company forever.

Since now you know what the co-working agreements are, we will take you through six things to keep in mind when entering a coworking agreement. Most people tend to ignore these factors when opting for a coworking space.

Let’s see what they are and why you should keep them in mind:

  1. Nature of the Agreement: First thing first. The nature of the co-working space agreement should be such that it gives full liberty and permission to the member of the co-working space to use the premises and the ancillary facilities transparently. While the possession, ownership and control of the location will be with the owner of the area, the member client can utilize the services freely. The agreement must also clearly state the duration and the validity of a service agreement and the mode through which it will be extended, if and when the need arises.
  2. Monthly Fees and Payments: The monthly fees, payments, additional fees and renewal fees should be mentioned in the co-working space agreement. While this could vary from contract to contract, monthly fees and payments are usually payable on the first day of every month to the owner of the co-working space. Make sure that all the information related to the mode of payment is specified along with the penalty fee. The deposit refund in case of termination of the agreement must also be clearly specified in the agreement.
  3. Use of Premises: This is one of the most important clauses and should be laid down quite clearly by the owner of the co-working space. The access of the workspace must also be clearly mentioned in the agreement including the timings and days of the week.
    Furthermore, there should be an additional pointer talking about the use of illegal downloads or infringement of copyrights/trademarks. If the client wishes to use any additional equipment or items, he/she must inform the owner in advance to avoid any penalties or chargers.
  4. Insurance: You can’t really change much here. Just make sure you comply with local regulations and know what is covered and what’s not under your insurance. Unless law binds you, do not insure the coworker’s property: they should take care of their own property.
  5. Policies of the Workspace: Co-working spaces are all about utilising the same place with different people from different fields. Therefore, the procedures relating to the use of assets and physical furniture and fixtures such as tables, chairs, electrical fixtures, kitchen utensils, et al. should be clearly specified in the agreement.
  6. Universal Feature: Last but not least, a co-working service agreement must be universal in nature as it caters to different people. Typically, the space is shared by people who work in startups, established companies or service professionals who are in consulting or advisory fields. Therefore, the agreement must be such that allows individuals and diverse enterprises to fuse and work with ease. The use of technical jargons must be minimised to make them easy to understand.