The COVID-19 pandemic disrupted life as we know it in several different ways. With social distancing and protective measures coming into play, online schools and remote working became more the norm than the exception. The <a href="https://blox.xyz/blog/8-interesting-facts-to-know-about-the-indian-real-estate-sector">real estate sector</a> faced a major setback, but now with things returning to normal, we are witnessing the rise of another trend &ndash; that of co-working spaces.

Hybrid offices and incubation spaces are places that are privately owned but offer an office environment and all the associated infrastructure for rent. These can be booked by individuals or teams for a few hours to a few weeks. The greatest advantage of co-working spaces for professionals, entrepreneurs, and working individuals is that they offer all the advantages of office space at a convenient location. So, no more long work commutes or worrying about utilities and infrastructure at home.

<h2>Win-Win With Co-Working Spaces</h2>

Recent data published by a leading real estate consultant suggests that in the year 2022, the top seven major cities of India saw a rise in the share of co-working spaces by nearly 20 percent. The <a href="https://blox.xyz/blog/5-areas-in-mmr-where-you-can-find-flats-under-50-lakhs">Mumbai Metropolitan Region (MMR)</a> is at the top of the list of these cities. This means that not only are individuals seeking out co-working spaces, but corporations and major business houses are also looking at leasing these setups in strategic locations to facilitate their employees.

It is important to remember here that corporations save on rent, maintenance, and overheads when they utilise the services of co-working spaces. This plug-and-play model has eliminated the need for office equipment, cafeteria services, layout management, associated costs, etc. Additionally, unlike regular leases, co-working spaces have no lock-in period. It is indeed a win-win proposition for both the employee and the organisation. What we shall now see is how the rise of co-working spaces in Mumbai has impacted commercial real estate and property owners.

<h2>Commercial Real Estate in Mumbai</h2>

The size of India&#39;s commercial <a href="https://blox.xyz/blog/what-are-the-factors-that-affect-the-real-estate-market">real estate market</a> is estimated to be about USD 20.7 billion. Studies suggest that this is likely to grow at a CAGR of over 21 percent by 2028. The capitalisation rate of commercial properties in cities like Mumbai is pegged at 8.25. This means that the net operating income of commercial spaces remains considerably high compared to the market value of these office spaces. This is another argument that goes in favour of the rise of co-working spaces in cities like Mumbai. With the resurgence of the economy after the shadow cast by the pandemic, there has been a renewed interest in buying commercial spaces such as showrooms, warehouses, factories, and restaurant spaces. In the case of office spaces, though, experts believe there is likely to be a great deal of investment from people and entities looking to set up co-working spaces in Mumbai.

<h2>Mumbai &ndash; The City of Enterprise</h2>

The changing dynamics of economic activity make Mumbai a very interesting and attractive space. Widespread infrastructural development and the rise of commercial hubs in the suburbs are propelling this growth. With such a rise in commercial activity, a boost in demand for commercial real estate is natural. However, experts believe that even though the pandemic may be a thing of the past, the long commutes in this ever-expanding city pose a challenge that can only be resolved by the rise of remote working and co-working spaces in Mumbai. And Mumbai real estate investors are keen to comply.

In the real estate dynamic, picking between a 2 BHK and a 3 BHK home is similar to organising an ensemble of ventures. Every choice presents its own unique advantages and disadvantages thereby making the choice between them a confusing task. To make your task easier, we have curated this detailed blog to help you choose between 2 BHK to 3 BHK as per your requirements. So, without further ado, let&rsquo;s dive straight into the blog.

Vastu is an ancient Indian system of architecture and design that aims to create harmony between humans and nature by balancing the five elements - earth, water, fire, air and space.

 
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Kicking off 2024 on a high, Mumbai&rsquo;s real estate market is set to experience a reported 5% increase in its residential sector. Nevertheless, Premium properties continue to be a huge draw among homebuyers, courtesy of an increased standard of living among Mumbaikars. Flats in the commercial capital come in all shapes and sizes, from studios to affluent penthouses.

The COVID-19 pandemic disrupted life as we know it in several different ways. With social distancing and protective measures coming into play, online schools and remote working became more the norm than the exception.