Monika Misra, founder and General Manager of iKeva, which has set up co-working spaces in Chennai, Bengaluru, Mumbai and Gurgaon as well, says “When compared to cities like Gurgaon and Mumbai, where the demand for and supply of co-working spaces is very high, the demand in Hyderabad can be termed promising. The two co-working spaces that we run in Hyderabad both have vacancy rates under 5 per cent. Many are seen now opting for these flexible working stations as they are more hassle-free, given the absence of longer leases and lock-in periods. Co-working spaces are hence more cost-effective.
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