Coworking

The company said it would continue to leverage presence across markets, India and Singapore, and integrated service model to drive sustainable growth and long-term value creation.

No immediate tariff shock for co-working demand, says Awfis Chief

Awfis, which listed on the stock exchange in May 2024, plans to add 40,000 seats or roughly 2.2 million square feet (msf) of space across different parts of the country in FY26. The company will be spending Rs 200 crore as capex in FY26.

Awfis Q1FY26 operational revenue soars 30 percent YoY to Rs 335 crore

The company's operating EBITDA margin stands at about Rs 127 crore. Awfis' PAT for Q1FY26 stands at Rs 10 crore as against Rs 3 crore in Q1FY25.

Workspace provider Smartworks leases 0.22 msf office space in Hyderabad

Smartworks had a total super built-up area of 9.12 million square feet across 45 centres in 13 cities in India, as of August 14, 2024

Flex workspace provider 91Springboard adds 1 lakh sq ft with 3 new NCR hubs

The three new hubs are World Trade Center in Delhi's Nauroji Nagar, DLF Building in Gurugram's Cyber City and Bhutani Avenue 62 in Noida

Smartworks expands in Gurugram with Rs 94 crore office lease ahead of IPO

This marks Smartworks’ fourth managed campus in Gurugram, in addition to its existing campuses at Golf View Corporate Towers on Golf Course Road, RK 4 Square in Cyber City, and ASF Insignia at Vatsal Valley.

Flex space provider Innov8 reports Rs 62 crore PAT in FY24

Innov8 currently operates over 45 centres spanning 17,000 seats across 10 major cities including Delhi-NCR, Mumbai, Bengaluru and Hyderabad. The company is planning to double its centres in 2025.

Budget 2024: Coworking sector anticipates tax reforms, single-window clearance

Experts say that the need for a one-window clearance system will expedite the establishment of new coworking spaces in non-metropolitan areas, allowing operators to grow effectively.

Smartworks raises Rs 168 crore this year in 2nd round of funding led by Keppel

Since 2019, Singapore-based Keppel Ltd has been a prominent and longstanding investor in Smartworks having invested $29 million in the company to date.

Flex workspace provider WeWork adds over 1,500 desks in Hyderabad

The facility is located at the Raheja Mindspace business park located in the city's IT hub of Madhapur.

Flex office space provider International Workplace Group plans to expand to Tier 2, Tier 3 cities

Company plans to add about 10-12 workspaces in India by the end of FY23-24.

Flex workspace provider WeWork adds over 3,600 desks in Bengaluru

With the opening of three new office spaces, the company will expand its footprint in Bengaluru by over 2,00,00 sq ft.

DevX launches 400 seats in Mumbai for Rs 3.2 crores

The managed office space provider plans to invest Rs 60 crore to double its portfolio across India within 18 months.

Coworking firm India Accelerator makes Noida debut with 20,000 sq. ft space; to launch six new centres by year-end

The new centres will come up in Ahmedabad, Pune, Hyderabad, Bangalore, Mumbai and Gurgaon for an investment of around Rs 17 crore

Co-working firm DevX enters Noida with two centres, to double India portfolio with Rs 60 crore investment

DevX is planning to strengthen its position in North India with new centres in Jaipur, Raipur and Chandigarh

Co-working startup DevX to invest Rs 60 crore on India expansion; to foray into Singapore, US

The company operates 6,000 seats spread over an area of 5 lakh sq ft in 11 cities in India and will add around 4.5 lakh sq ft by the end of 2022

US co-working firm Venture X makes India debut with 2 Gurugram units

Venture X has invested Rs 39 crore in the facilities set up in Sectors 67 and 44, which will offer flexible, premium co-working space options for individuals and companies

Co-working startup Synq.work to invest Rs 7 crore for three new centres this year

The new facilities are expected to come up in Chandigarh, Gurugram and Delhi.

After two waves of Covid-19, co-working spaces spearhead the hybrid work model

More developers of commercial office assets across the country are expected to align with co-working operators and carve out specialised spaces for them.

Coworking companies optimistic as India Inc. vaccinates staff for return to office

Cost savings, leases expiring in three years and hybrid working trends will help accelerate growth in the flexible office space business

MC Exclusive | Co-working will be future of Indian businesses post-pandemic India: 91Springboard CEO Anand Vemuri

As COVID-19 restrictions ease in phases, and businesses see a return to the office on the horizon, 91Springboard CEO Anand Vemuri shares his views on co-working options and how 91Springboard can help firms.

Coronavirus pandemic not an end to coworking culture, says industry

But challenges remain for the sector, which has posted remarkable growth in recent years and seen by many as a catalyst of sorts for modern office spaces