Synq.Work plans to invest Rs. 60 crore to expand its seating capacity from 3,200 to 12,000 by December 2025. The company will add 600,000 sq ft to its portfolio, focusing on new metro cities like Bangalore, Pune, and Hyderabad, enhancing its client-centric and community-building office solutions.
Synq.Work, a prominent managed office space provider in India, has announced plans to expand its portfolio significantly. By adding 8,800 seats by December 2025, the company aims to increase its seating capacity from 3,200 to 12,000. This expansion will involve an investment of Rs. 60 crore to add 600,000 square feet to its existing 400,000 square feet of office space, addressing the growing demand for client-centric and community-building office solutions.
Synq.Work has already made a strong impact in the Delhi NCR region, operating 16 offices with state-of-the-art managed office spaces, private offices, and flexible coworking spaces. Driven by positive market response, the company is now set to expand into new metro cities, including Bangalore, Pune, and Hyderabad. “In the last four years, the coworking industry has undergone a massive transformation with an upsurge in enterprises and startups looking for flexible and managed office spaces,” said Rahat Bhagat, Co-founder of Synq.Work. “We are excited to embark on this journey of further expansion, which will broaden our reach and include a larger community of innovators, creators, and leaders.”
The company’s expansion strategy focuses on providing top-tier infrastructure and resources, fostering a collaborative environment for businesses to thrive. Synq.Work is committed to setting new standards for managed office spaces through exceptional customer service, community-building, and sustainability. Leveraging these principles, the company has established strategic partnerships with Fortune 500 companies, multinational corporations, and startups. Its notable clients are Cars24, Canara HSBC Life Insurance, OnGrid, Lighthouse Canton, and Acko Insurance, benefiting from Synq.Work’s bespoke enterprise solutions.
Founded in 2018, Synq.Work achieved 90% occupancy within its first year of operations. The company has continued to increase, expanding to over 3,500 live seats across 13 facilities, with 600 additional seats under development in Q1 FY2024. With ambitious plans for further growth, Synq.Work is well-positioned to meet the evolving needs of modern businesses.
This strategic expansion underscores Synq.Work’s dedication to providing innovative and flexible workspace solutions, enabling businesses of all sizes to succeed in a dynamic and competitive market. By investing in advanced facilities and expanding its footprint, Synq.Work aims to support a broader community of professionals, driving workplace excellence across India.
