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Smartworks Transitions to Public Company Amid IPO Plans 0
- Industry News
- July 19, 2024
Smartworks has transitioned to a public company, aiming for an IPO. Following a $20 million funding round, its name changed to Smartworks Coworking Spaces Limited. With 41 centres across 13 cities, the company nearly doubled its revenue to ₹744 crore in FY23. Key stakeholders include NS Niketan LLP.
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Premium Managed Offices in India To Elevate Business Environments 0
- Workspace Solutions
- July 18, 2024
Transformative advantages of premium managed offices in India to enhance productivity and elevate the brand image. Prestigious Locations, Equipped with state-of-the-art Amenities and Advanced Technology.
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Desks to Chessboards | iSprout’s Nationwide Tournament Energizes Work Culture 0
- Workspace Wellness
- July 18, 2024
iSprout’s Pan India Chess Tournament, held across 14 centres with 133 participants, significantly enhanced coworking culture by promoting mental engagement, community spirit, and stress relief. Reecha Saha, Customer Success Manager, shares insights on organising the event and its positive impact, highlighting the potential of such activities in coworking environments.
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GCCs Drive India’s Office Leasing with 37% Share 0
- Workspace Solutions
- July 18, 2024
Global Capability Centers (GCCs) drive 37% of India’s office leasing, attributed to BFSI and technology firms. Bengaluru, Pune, and Hyderabad lead in leasing, highlighting strategic importance. Diversified tenant demand and flexible office spaces indicate continued growth in India’s commercial real estate.
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Innov8 Launches Three New Coworking Centers in Delhi-NCR 0
- Industry News
- July 17, 2024
Innov8 launches three new coworking centres in Delhi-NCR, adding 60,000 sq ft and 1200+ seats in Unitech Cyber Park, DLF Cyber City, and Okhla. These centres offer premium amenities, prime connectivity, and flexible workspace solutions. Innov8 invested Rs 10+ crore in these facilities to foster innovation and collaboration.
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Bengaluru’s Office Space Set to Soar to 340 Million Sq Ft by 2030 0
- Industry News
- July 17, 2024
Bengaluru’s office space is projected to reach 330-340 million sq ft by 2030, driven by technology, engineering, and BFSI sectors. Currently, at 223 million sq ft, the city leads India in office absorption. Enhanced infrastructure and emerging areas boost growth, while warehousing space hits a record 54 million sq ft.
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