Skootr leases over 1 lakh sqft office space in Noida's Max Square

Ankit Jain, Director and Co-Founder, Skootr, said that demand for leasing has increased due to a gradual acceleration in the return to office work

Moneycontrol News

March 30, 2023 / 20:19 IST

Skootr Palace Park will have private offices, meeting rooms, lounge area and garden café. (Representative image)

Premium managed office space operator Skootr has leased over 1 lakh square feet across two floors of Max Square in Noida, the company said in a statement.

The workspace, called ‘Skootr Palace Park’, will include private offices, a managed collaborative space with meeting rooms, an executive suite, dialogue chambers, wellness centre, lounge area and garden café. It aims to cater to large multinational clients wanting customised office space, the company said in a statement on March 30.

Also Read: Max Estates plans Rs 3,400-crore investment in residential and commercial projects in Noida, Gurugram in 4-5 years

Ankit Jain, Director and Co-Founder, Skootr, said that demand for leasing has increased due to a gradual acceleration in the return to office work. As a result, the office sector has made a spectacular recovery from its pandemic lows, and recorded its second-highest leasing activity ever.

“Skootr is looking to invest Rs 150 crore to expand the managed office portfolio to 5 lakh square feet in the North India market in the current financial year. As the segment continues to evolve to meet occupier requirements, we intend to pursue further expansion in Delhi NCR, Hyderabad, Bangalore [sic], and Chennai. Additionally, we aim to enter the markets of Mumbai and Pune in 2023,” Jain said in the statement.