Though WeWork is aggressively expanding across the world, its operations in India are a minuscule, single-digit fragment of the bigger picture. It continues to position itself as the wave of the future – the last word in community-based offices – and investing in this is WeWork’s primary focus right now.
While its India valuation and future expansion plans may not be deeply impacted by the recently jinxed listing plans, this is not even a statement on the potential of coworking in India. Still a young segment in this country, coworking has massive demand and witnessed a 23% growth in the second quarter of 2019 over the preceding quarter across the top seven cities.
Embassy Group acquired the franchisee rights of WeWork in India with 80% stake in it, and the coworking vertical is not likely to face any funding challenges. Embassy’s recent successful REIT listing has given it an edge and will work in its favour.
This story is from the December 2019 edition of Commercial Design.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 2019 edition of Commercial Design.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
SETTING NEW STANDARDS IN THE GLOBAL FURNITURE INDUSTRY
The 2024 edition of CIFF Guangzhou broke records and was a major boost to international furniture trade
MAINTENANCE THROUGH BIM
Understanding the benefits of BIM in building operations
BEYOND THE CONVENTIONAL
The design story of HDFC Life's new office by Beyond Architects
MONUMENTALITY AND INTIMACY IN DESIGN
Blending corporate efficiency with museum-inspired artistry: The RP Sanjiv Goenka Group corporate office designed by Kolkata-based Abin Design Studio
CREATING HEALING ENVIRONMENTS WITH EVOLVING DESIGN STRATEGIES
Associate Professor at Heriot-Watt University Dubai, Vrushali Mhatre shares insight into the changing approaches to healthcare design
HEALTHCARE DESIGN FOR A BETTER WORLD
Are healthcare facilities leading the way for design that makes a real difference?
CRAFTING CULTURAL NARRATIVES
Delving into the architectural genius of SJK Architects
FROM MINIMALISM TO MAXIMALISM: UNDERSTANDING THE SHIFT IN ARCHITECTURAL TRENDS
Exploring the dynamic spectrum of design movements and cultural resonance in contemporary architecture.
DISRUPTING THE NORM: REIMAGINING ART CONSULTANCY FOR THE HOSPITALITY SECTOR
Rachael Brown, co-founder and creative director of Capsule Arts, on why the hospitality design sector needs a new approach to art consultancy
A PARADIGM SHIFT IN AEC THINKING
Computational design has firmly established its role within the AEC industry as a transformative approach across multiple disciplines, offering new possibilities in efficiency, innovation, and performance optimisation.
