How to choose Coworking space in Koramangala and why?

Coworking space is the place where different companies come together and work by sharing all the expenses like cleaning, maintenance, meeting rooms, etc. because of its simple policies, a lot of companies are preferring coworking spaces over traditional office space. Unlike in a traditional office, you don't have to a invest huge capital in the form of deposit before renting the space, some of the coworking space in Bangalore provide no deposit facility to encourage the companies to opt for them, Novel Office’s Coworking Space in Koramangala is one amongst them. We not only offer no deposit but no lock-in facility also where you can stay as long as you wish.

Companies in the coworking spaces share the expenses of cleaning, maintenance, security, etc. which will help them save a good amount of capital. One of the biggest advantages of the coworking space is, it supports freelancers and employees working from the remote location through its unique features i.e. It lets you rent the office space for a day, week, or even a month. Apart from saving the cost, it gives an amazing opportunity to grow your network. With regular interaction with like-minded people, you increase the chance of finding your next potential client.

About Koramangala

Koramangala is undoubtedly one of the most popular and the elitist areas in Bangalore which houses a plethora of crowd-pulling places like pubs, bars malls, and cinema theatres. Due to the presence of all the above-mentioned places, it tends to catch the attention very easily. It has also been successful in housing many start-ups and can also be called as the favourite destination for the entrepreneurs to start their start-up journey.
 

Apart from the hard work that you put-in in building your business, if there are any other factors that influence a lot in growing the business are the location and price.

Location plays an important role in choosing the coworking space if the place that you are opting for has good connectivity to other parts of the city via bus, metro, etc. it will help your employees to commute easily and reach office/ home fast which will save a lot of their time. A prime location should also have good eatery places which will keep your employees healthy. Presence of places like breweries and pub really add a weightage to the location as employees can conduct their monthly outing at these places.

Pricing also plays an important role as it tells you the worth and popularity of the area, as in Koramangala the price for a coworking space will start from Rs 5900/- Seat onwards. Opting for such areas will definitely be beneficial as they are crowd centric and you will get to meet a lot of like-minded people where you can have a healthy conversation with them on a regular basis.

How to choose coworking space?

Choosing a coworking space differs from company to company as each company will have a different set of requirements and demands, depending upon that companies choose the coworking space which suits them the best. But apart from that, there are some important and basic points which have to be considered while choosing a coworking space.

Networking Opportunity in Coworking space

One of the biggest advantages of coworking space over the traditional office space is that it gives you the opportunity to interact with talented entrepreneurs and experienced professionals which will help increase your quality network and it also increases the chance of finding the next potential client through the regular interaction.

So, always opt for the coworking space which already houses a lot of companies of varying sizes. There are many coworking spaces in Bangalore who have a huge client list but always opt for the one which has managed to bag some of the promising start-ups and huge multinational companies.

Lock-in and Deposit

Lock-in and Deposit are a nightmare for a lot of start-ups who want to move out of their garage and opt for a coworking space but due to the budget constraint, they end-up working from their garage or from an apartment. It is advisable to always opt for the one which takes less amount or no amount in the form of deposit and has flexible lock-in plans like Novel Office’s coworking space in Koramangala which has no lock-in and no deposit feature.

Amenities

Amenities are the most important part and are something that is used by other company's employees as well, like a copy machine, meeting room, coffee machine, etc. make sure that the coworking space has all the amenities from basic to luxury already present in it and are working fine.

Timings

Some companies would want to work for night shifts as well that can be either be to increase the profit or just to survive in the industry like the start-ups work so choosing the coworking space which operates even in the night shift and provides facilities like gated security, cleaning, etc. will be help full.

Benefits of choosing Coworking space

There are a plethora of benefits in opting a coworking space, right from saving the cost of getting exposed to like-minded people. Below mentioned are some of the points.

• Coworking spaces help in saving a lot of costs which otherwise would have been invested in setting-up the office from the scratch, which would involve spending on the furniture, designing the space as you require and the cost of labour. The saved capital can also be used in growing the business like launching a new product or venturing into a new city.
• One of the major challenges in opting for traditional office space is the maintenance part. Office furniture, floor, and washroom need to be cleaned on a regular basis to maintain the office decorum and also to keep it clean. In the traditional office spaces, it would require two additional employees for this activity one for cleaning and the other for managing but in coworking space, all these things are taken care of and are included in the rent. Which will obviously help in saving the money, effort, and time.
• One of the biggest benefits of opting for a coworking space is the networking opportunity. Novel Office's coworking space in Koramangala houses a plethora of companies right from the start-up to the multinational companies. When you work in a coworking space you become a part of a large family that allows you to interact with them, exchange ideas, and of course expand your network. Through the regular interaction with your network, chances of finding a new client increase, and also by exchanging good ideas will give you a different perspective to solve the regular problems. 

Why choose Novel Office

Novel Office is one of the sought after Coworking Space providers in Bangalore. It’s been more than a decade for us in this industry and we are well equipped with good knowledge about our industry. Throughout the journey we have been blessed to encounter challenges which we have overcome successfully, this also has given us a good learning experience and taught us new ways in which we can support our clients in every possible manner.

Our Coworking spaces are located across all the prime locations in Bangalore out of which Koramangala being one of them. Koramangala has the maximum number of start-ups in it, reason being, it's one of the crowd-pulling places in Bangalore because of the presence of some amazing pubs, food, etc.

We at Novel Office Koramangala provide no deposit and no lock-in facility which is one of our unique selling points. We believe that the companies productivity increases if they don't have an added pressure of lock-in terms and deposit, so by giving them a no lock-in and no deposit facility we encourage our clients to stay as long as they wish and can vacate any time. Depending on the performance of the company, they can easily upsize and downsize any time they want without any hassle.

Our experience in this industry has taught us that different companies across various industries will have their own set of requirements in terms of interior design, office space, graffiti on the wall, etc. In order to cater to all these requirements of the companies, we have a free customization facility in which we charge zero rupees for customizing according to your requirements and demands. These are some of the facilities which are offered by Novel Office's coworking space in Koramangala which cannot be found anywhere in the Bangalore market.

Article source: https://article-realm.com/article/Finance/8097-How-to-choose-Coworking-space-in-Koramangala-and-why.html