Bengaluru, the “Silicon Valley of India” or “Garden City” is the capital city of Karnataka. It is the second-fastest-growing metropolitan city in India. It is also the leading exporter of Information Technology( IT ) services in India. In terms of productivity, it ranks fourth or fifth among the metro areas of India. The economy of the city in terms of Purchasing Power Parity Gross Domestic Product( PPP GDP ) ranges between $45 to $83 billion. Forbes has mentioned Bengaluru as “ The Next Decade’s Fastest-Growing Cities”. One interesting fact about the city is that it is the third-largest hub for high net worth individuals housing over 10,000 millionaires and close to 60,000 super-rich people. Not only the IT industry, but the city also houses public sector companies as mentioned below:
Hindustan Aeronautics Limited( HAL )
Bharat Electronics Limited( BEL )
Bharat Earth Movers Limited( BEML )
National Aerospace Laboratories( NAL )
Indian Space Research Organisation( ISRO )
Not only this, but the city also houses research and development centres of multi-national giants mentioned below:
General Electric( GE )
This continuous unprecedented growth of the city with the technology boom has changed the infrastructure of the city and now houses some of the amazing commercial and residential establishments. The “ Silicon Valley of India” attracts the millennial crowd across the country and companies like Infosys, Wipro and TCS to name a few have their own IT cities having the malls, schools, retail stores and grade A office spaces within its campuses. From being the IT hub of India and start-up capital of India, a huge influx of coworking space in Bengaluru has also been seen and so many brands have come up with huge facilities catering the start-ups and multi-nationals. Some of the well-known coworking spaces in Bengaluru are mentioned below:
The Executive Centre
The IT industry in Bengaluru has been categorised into three clusters: Software Technology Parks( STPI ); International Tech Park, Bengaluru( ITPB ); Electronic City. Not only this, but Bangalore is also a hub for biotechnology with almost 50% of the biotech companies stationed in Bengaluru itself which also includes Biocon, the biggest Indian biotech company. Some of the important factors that contribute to Bengaluru being the most preferred location for having an office space are mentioned below:
LOCATION: Bangalore being the hub for IT/ITES industry and being the Silicon Valley of India has been the top priority for the businesses and individuals. With the conducive environment for the start-ups and the ever-growing Technology, Bengaluru also attracts the real estate industry and so a lot of coworking spaces in Bengaluru have gained momentum.
Having an office space in Whitefield, Koramangala, Jayanagar or Electronic City adds to the reputation of the business. With great transport facility, it becomes easier for the clients and employees to travel to the location. Also, with a lot of Tech parks and tech campuses in the city, most of the civic amenities and other social infrastructure like the malls, hotels, restaurants, bars, retail stores can be accessed within the premises of these tech parks and campuses. Which is indeed preferred by the clients.
PRESTIGIOUS BUSINESS ADDRESS: Who doesn’t want to have Bengaluru being mentioned on the business card. Who doesn’t want to be surrounded by the likes of Infosys, IBM, Cognizant, TCS and other big corporates? It is indeed a matter of prestige and having an office at a coworking space in Bengaluru adds to the prestige of the business. Some of the prime and prestigious business addresses or locations of Bengaluru are Koramangala, Jayanagar, Electronic City, Whitefield, Indiranagar, Bellandur, Domlur, HSR Layout, Outer Ring Road, Mahadevpura, Residency Road, Hosur Main Road, Malleshwaram.
SAFETY: Every business wants that its office location should be theft free and choosing a coworking space in Bengaluru provides you with the secured work environment. Choosing the office space in Bangalore give you dedicated parking so that the employees can be safe while going back to their homes while working for late hours. The building is well looked after through a dedicated security team, the premises of the building has a tech-enabled security system, CCTV monitoring of the building is done 24x7. Best example for it is the Embassy Tech Park which has its security team that operates even inside the lifts to maintain the secure environment for female employees. It has its fire station and fire escape roots also.
Being a part of the city and choosing a coworking space in Bengaluru will allow the businesses and entrepreneurs to grow their network and become the next big thing.
Explore the best coworking space in Bengaluru at www.huntoffices.com