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.
Urban Vault, a fast-growing player in India’s flexible workspace sector, has leased 50,000 square feet of office space in Bengaluru’s central business district, marking a significant step in its nationwide expansion strategy.
The newly secured space is located in the Prestige Obelisk, a premium 11-storey commercial tower on Kasturba Road, and will accommodate nearly 1,000 managed desks. Each seat is priced at approximately ₹10,000 per month, reflecting the company’s focus on high-end, managed workspaces designed to attract enterprise clients, startups, and remote teams.
“As demand grows for premium managed workspaces, we are focused on bringing world-class infrastructure to India’s top business districts,” said Amal Mishra, Founder and CEO of Urban Vault, highlighting the firm’s commitment to delivering sophisticated office solutions in core urban locations.
This Bengaluru expansion brings Urban Vault’s total managed space portfolio to over 2 million square feet and 30,000+ desks across India. The leased floors at Prestige Obelisk belong to KRPL Ventures LLP, whose co-founders, Zackria Hashim and Sadath Ali Kahan, are long-time real estate investors in the region. “Their consistent focus on premium, flexible workspaces aligns well with our vision of providing best-in-class commercial real estate,” noted Zackria Hashim, speaking on the partnership.
Founded in 2018, Urban Vault has operated as a bootstrapped venture, steadily gaining momentum in India’s competitive coworking sector through a hybrid model emphasising scale and service quality.
Industry experts see this move as a reflection of broader trends. According to consultancy Vestian, India’s flexible workspace footprint is expected to grow from 67 million sq ft in mid-2023 to over 100 million sq ft by 2026. Meanwhile, Peush Jain, Managing Director at Anarock Group, pointed out that companies seeking cost-effective options without compromising employee experience are driven by rising interest in flexible office solutions.
With India’s return-to-office momentum building, especially in top-tier cities, Urban Vault’s bold foray into Bengaluru’s CBD is timely and strategic. As managed office operators compete to attract enterprise tenants with premium amenities and agile lease terms, Urban Vault’s latest centre underscores how the coworking industry is adapting to the evolving demands of the modern workforce.
