India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Urban Vault has delivered a 16,000 sq ft managed office for Green SM in Gurugram, marking the electric ride-hailing company’s first workspace in India. The partnership reflects growing demand for flexible office solutions among global firms entering the country, while coworking operators continue expanding rapidly across major Indian cities.
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Urban Vault has leased 21,000 sq ft of workspace in Bengaluru to Japanese companies Nachi, Pioneer, and Komatsu, strengthening its foothold in the growing GCC market. With a hybrid model that cuts CapEx and OpEx, the firm now serves over 50 GCCs and operates a 2.8 million sq ft pan-India portfolio.
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Urban Vault has leased 50,000 sq ft in Bengaluru’s Prestige Obelisk to launch a 1,000-desk managed office centre, reflecting rising demand for flexible workspaces. With a growing 2 million sq ft portfolio, the company continues expanding amid industry forecasts predicting rapid growth in India’s coworking sector through 2026.
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Urban Vault has expanded to Pune with a 35,000 sq. ft. managed flex space at Baner, offering 700 seats. With plans to grow across key business hubs, the company focuses on flexible, tech-integrated workspaces. It projects a Rs 120 crore turnover for 2024-25, emphasising sustainability and innovation-driven growth.
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Urban Vault has expanded its flexible office space by 120,000 sq ft in Bengaluru’s central business district to meet corporate demand. With over 2 million sq ft in its portfolio, Urban Vault is set to expand to Gurugram, Pune, and Mumbai, aiming to become a leading provider of flexible workspace solutions in India.
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Urban Vault has leased 1 lakh square feet in Bengaluru’s Brigade Summit to meet the rising demand for flexible workspaces. The facility offers 2,000 desks at ₹9,000 per seat. Urban Vault plans further expansion into Pune, Gurugram, Hyderabad, and Mumbai, positioning itself as a key player in India’s coworking market.
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