Synq.work unveils a new co-working space in Gurugram

Vaishnavi Gupta
Vaishnavi Gupta February 11 2020 - 10 min read
Synq.work unveils a new co-working space in Gurugram
Spread across 55000 sq feet area, the new co-working centre has a seating capacity of about 820 seats.

Synq.work has opened its first co-working centre in SAS tower, near Medanta Hospital, Gurugram. Spread across 55000 sq feet area, the new co-working centre has a seating capacity of about 820 seats.

With this launch, Synq.work targets to provide a collaborative work environment for start-ups, young and small-medium sized enterprises, and professionals. 

The Gurugram centre has a mix of private cabins, meeting rooms equipped with digital member platforms, high-speed internet and community areas designed to engage members in interactive activities.

Pratik Sud, Founder & CEO, Synq.work, said, “I strongly believe that the workspaces in order to be future-ready should be networked, flexible, integrated and innovative. We as a brand aspire to be the most preferred choice for collaborative workspace for start-ups and enterprises alike, with a strong focus on founder networking and business growth. Our strategically located spaces offer access to nearby business centers, provides competitive corporate culture and opportunities to its members for sustained growth.”

Future Plans

Synq.work will launch its next center adjacent to M.G. road metro station within two months, comprising of over 300 seats.

The company is further looking at increasing its footprint at strategic locations which also includes satellite centers in Dubai, Qatar, and Prague by 2021.

The company strives to offer the best in class co-working spaces to start-ups with functional design and support to enrich the experience of its members.

Statistical view of co-working spaces

Currently, there are 1,000 operational co-working centres, with a capacity of more than 4 lakh seats, across six major cities, as per property consultant Cushman & Wakefield.

Over the last 3-4 years, the number of flexible space operators has risen from single digits to about 350.

According to the report, the user base of flexible workspaces will jump 10 times to nearly 3 million by 2025. Presently, 65-70% of demand for co-working spaces comes from large corporates, 15-20% from small & medium enterprises and 10-15% from freelancers and startups.

The co-working demand in India is dominated by small and medium businesses and enterprises with the co-working space occupancy at about 90%. These companies are going to dominate the segment and drive demand.

The firms today look at converting capital investment into an operational investment, flexibility with a shorter lock-in period, better infrastructure and well-designed workspaces.

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