We performed a Coworking Demand Analysis for a Ahmedabad, Main neighborhood to understand what is and is going to be the most in demand types of coworking for the next quater Dec-Feb 22. We have some exciting findings for you.
Our Data-Driven Process
Propques unique formulas and tool sets use the dynamic datasets that McDonald’s, Target, and Starbucks use to plot out their next locations. We’ve used our experience of operating coworking spaces for 7 years and as market researchers to develop a process and algorithm specifically for the coworking and commercial real estate industry. The datasets uses over 67 detailed buyer and lifestyle profiles and we’ve correlated each profile with successful coworking markets and forward looking trends. Each profile is graded on their likelihood of joining a coworking space and the type of coworking space they would be most interested in.
All of that data is combined with other local factors (density, mode of transportation, education, etc.) that determine the likely success and size of coworking spaces that can be sustained in the area. The result projects how much coworking space can be sustained in the area the type of coworking (High-end Flex, Mid-range Flex, Executive Suite, etc) that will be most in demand.
Ahmedabad, Gujrat, India
Demographics Each pin code’s population is broken down into demographic tapestries that represent the residents’ income and lifestyle.
These are the top 5 for your pin code:
Navrangpura is a prominent residential cum commercial locality that lies in the western periphery of Ahmedabad. Some of the well-planned residential projects situated in Navrangpura are Merlin Opal, Dharmadev Netra Bungalows, Lakshya Elite 18 Square, Sun Centrum and Alpine Heights.
Navrangpura is surrounded by several residential areas like Usmanpura, Gulbai Tekra, Memnagar, Ambawadi and Vastrapur.The locality is connected to the eastern part of the city via Gandhi Bridge. Municipal Transport Service (AMTS) buses regularly ply through Navrangpura. The Gandhigram Railway Station is located at a short distance of 3Km via Mithakhali Six Road. Navrangpura also have BRTS bus connectivity .
Few renowned business parks which are easily accessible from Navrangpura include Aaryans Corporate Park (8Km), Parshwanath Business Park (10Km), W-2 Samet Business Park (11Km) and Platinum Industrial Park (14Km). The prominent GIDC Industrial Area, Fortune Industrial Park and Shridhar Industrial Park in Odhav Industrial Estate (14Km) are easily accessible from Navrangpura.
Bodakdev is a favoured residential destination in Ahmedabad, due to its proximity to the employment hub Satellite-Prahlad Nagar. It is also one of the costliest localities of the city. Bodakdev is surrounded by other prominent localities of Thaltej, South Bopal, Prahlad Nagar and Satellite.
Located on Sarkhej-Gandhinagar Highway, Bodakdev is less than 2 kms from both Sardar Patel Ring Road and 132 Feet Ring Road. Satellite Road, IIM Road, and Drive-In Road are other prominent roads accessible from the locality. Thaltej metro station on the under-construction blue line (East-West Corridor) of Ahmedabad metro is just 2 mins from the locality.
Satellite- Prahlad Nagar isa prime office hub of Ahmedabad within 15 to 20 minutes from Bodakdev. Some of the prominent office complexes in Satellite-Prahalad Nagar are Iscon Emporio, Pinnacle Business Park, Titanium Heights, Westgate Business Bay, and Safal Profitaire.
Vastrapur is a residential neighborhood in the western parts of Ahmedabad. Vastrapur is home to the prestigious educational institute of India, India Institute of Management. Considering its fabulous social infrastructure and affordable housing options, Vastrapur started gaining prominence and demand from a large number of home buyers.
Vastrapur offers easy access to numerous localities like Bodakdev, Mahavir Nagar, Premchand Nagar, Ambawadi and Bopal.Vastrapur is excellently connected to other parts of the city via various significant roads like Vastrapur Road, Sarkari Vasahat Road, IIM Road, and 132 Feet Ring Road.Prime business centres which are easily accessible from this area include Navratna Business Park (3Km), Parshwanath Business park (5Km), Pinnacle Business Park (7Km), and Westgate Business Bay (7Km). Gopinath Industrial Estate is nearly 14Km through Swami Vivekananda Road, and Vatva is approximately 16Km through NH228 and NH64 while Sanand is 21Km via Sarkhej – Gandhinagar Highway and NH947.
Satellite is a well-established and posh residential area situated in the western suburbs of Ahmedabad. Satellite tops the chart for gaining massive real estate demand owing to its well-developed infrastructure development and immediate vicinity to Navratna Business Park.
Satellite shares good connectivity with some of the prime localities like Vastrapur, Bodakdev, Ambawadi, Mumatpura, and Vasna.Sarkhej Gandhinagar Highway and 132 Feet Ring Road are the two significant roads that connect Satellite to various vital parts of Ahmedabad.
Prime business centers like Navratna Business Park (2Km), Parshwanath Business Park (3Km), Pinnacle Business Park (4Km) and Westgate Business Bay (5Km) are easily accessible from this area. Vatva is situated around 16Km via NH64, and Sanand is located approximately 19Km through NH947, while Naroda is 23Km via Airport Road.
Makarba is one of the rapidly growing residential areas in the south western part of Ahmedabad. It is placed along the Sardar Patel Ring Road. Proximity to Sarkhej Highway and great approach to tech parks like Infinity Tower s boosting the real estate sector of Makarba.
Makarba enjoys strong connectivity to other parts of the city via Sardar Patel Ring Road and Jawaharlal Nehru Road. Also, Ahmedabad Municipal Transport Service (AMTS) buses are frequently available.
“Pinnacle Business Park, Synergy Tower and Parshwanath Business Park are located within the vicinity. W-2 Samet Business Park, Platinum Industrial Park and Saffron Business Park are located within 18Km from Makarba. The prominent industrial hubs like Gopinath Industrial Estate (20Km) and GIDC Industrial Area (21Km) can be covered via National Highway-64 and Narol – Naroda Road from Makarba.
Based on our coworking demographic data for the region, Ahmedabad location, and the cities upward trend, Propques predicts the city support 69615 square feet for next quater Dec-Feb23.
Recommended Coworking Business Model: Mid-Flex & Modern Executive Suite
A Mid-Flex or Modern Executive Suite will be the most successful types of flexible office space in Ahmedabad. We have a list of types of properties that these models work well in inside the report.
What can you do with this data?
The Coworking Demand Analysis report is a great first step to evaluate coworking’s potential for a building you may own or area you are interested in expanded to. It’s an unbiased market research approach to evaluating the potential for a space in a quick and affordable way.
If you are interested to move forward in learning more about coworking’s potential at a location then you’ll likely want to work with a professional and ask about a Focus and Feasibility Study. The Propques consultant will create a targeted area, evaluate the competition, and build out a business model and P & L based on realistic expectations, data, and experience.