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

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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