Calicut's Ultimate Coworking Destination: XYZ At Hilite Business Park
The coworking space industry in India has witnessed a striking boom with a surge in demand for flexible and innovative workspaces.
The last three years have particularly seen a soar in coworking spaces, and Kerala, a growing hub for entrepreneurship and innovation, has been no exception to this trend.
Among the new entrants is XYZ, a premium coworking space located in the heart of Calicut’s Hilite Business Park. While coworking is not a new concept, XYZ is introducing a whole new dimension to this swiftly flourishing sector in Kerala.
XYZ co-work
This growth of coworking spaces is due to the increasing number of freelancers, small businesses, and startups looking for flexible, cost-effective workspaces.
In 2019, there were over 19,000 coworking spaces globally with more than 3 million people using them. The Asia-Pacific region is the world’s largest coworking market, and India, with its burgeoning entrepreneurial ecosystem, has emerged as a key player in this global trend.
In Kerala, the coworking space sector has gained major traction, particularly over the past two years. One of the reasons for this growth is the challenges businesses face when setting up their offices.
In the past, businesses were forced to bear substantial costs for furnishing, designing interiors, and managing large office spaces. As businesses expanded, finding larger office spaces or managing operational resources became more difficult and expensive.
This is where XYZ comes in as an innovative solution for businesses in Kerala. Unlike typical coworking spaces, XYZ isn’t just a shared workspace that is set to function soon in the booming vicinity.
It’s a premium coworking environment designed to cater to the needs of fast-growing businesses, entrepreneurs, and companies with rent starting at just ₹5000 per month.
What sets XYZ apart from its competitors is not only its avant garde facilities but also its integrated support services that go beyond just providing a physical workspace.
XYZ is powered by Calicut Angels, a prominent business accelerator that focuses on nurturing startups in the Malabar region, as it is set to locate at the Hilte Business Park.
Calicut Angels Are The Promoters Of XYZ
While many coworking spaces focus on incubation, XYZ’s vision revolves around offering more comprehensive services that support the overall growth of a business. XYZ, according to its promoters, will work as a private accelerator to support early-stage startups and entrepreneurs through mentorship, funding, and business development resources.
This includes consulting support, legal compliance assistance, sales revenue management, and international workflow solutions—all designed to help businesses succeed in a globalised marketplace.
Whether you’re a solo entrepreneur or a small team looking for a dynamic workspace, XYZ offers various options, from private virtual offices and single-seat workstations to larger office spaces that accommodate up to 25 employees.
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The space comes fully equipped with plug-and-play amenities like high-speed Wi-Fi, water, electricity, and more, ensuring a hassle-free experience for businesses. The XYZ staff is always ready to assist, ensuring that operations run smoothly even in the absence of the employee to treat the client.
Unlike other coworking spaces that offer a basic level of service, XYZ provides a premium, professional atmosphere that is ideal for businesses looking to establish themselves in Kerala’s growing economy.
This isn’t an economy space; XYZ provides a work environment that is as much about networking, growth, and community as it is about office space.
Entrepreneurs and businesses thrive here because they have access to not just a desk but also a network of professionals and resources that can propel them toward success.
XYZ, Hilite Business Park
Hilite Business Park is renowned for its magnificent infrastructure and prime location. As one of the most sought-after commercial spaces in the region, it provides a dynamic environment for businesses to thrive, collaborate, and grow.
The park is home to some of the most successful companies and institutions in Calicut, making it the ideal place for XYZ to establish its premium coworking space.
Hilite Business Park is an integral part of HiLITE Group, which has built a strong reputation in commercial, residential, and retail projects since its inception in 2003.
The decision to set up XYZ in Hilite Business Park was driven by its strategic location, modern infrastructure, and reputation as a hub for innovation and business growth.
The Business Park is one of the most happening places in Calicut and provides an ideal environment for startups, entrepreneurs, and established companies alike.
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As a private accelerator, Calicut Angels has been instrumental in helping businesses scale and succeed in the region, and XYZ plays a key role in this vision, bestowing businesses a dynamic and professional workspace, along with crucial support services.
XYZ co-work
The coworking space industry is also expected to grow at a rapid pace over the next few years. According to market forecasts, the number of coworking spaces worldwide doubled by 2024, with the market value expected to surpass $40 billion.
Since Calicut is buzzing with entrepreneurial energy, XYZ believe that every business deserves a space to shine. That’s why they’ve created a premium coworking environment that’s designed to support businesses every step of the way.
