Bengaluru-based co-working operator UrbanVault has secured an 80,000-square-foot lease in partnership with Embassy Group at Manyata Tech Park, marking a pivotal expansion of its premium workspace offerings. The facility will provide over 2,000 premium seats with per-seat pricing starting at Rs 10,000, enhanced by modern design and technology infrastructure. With strong pre-leasing momentum from reputed clients and a strategic location within India’s largest tech park, this centre is set to become a flagship asset for UrbanVault.
Major Expansion Highlights
Strategic Lease at India’s Largest Tech Park
UrbanVault’s new Grade A centre is located in Manyata Tech Park, the country’s leading business park spanning 17 million square feet and hosting global companies such as IBM, Philips, GE, and Target. CEO Amal Mishra emphasised that the entry is a strategic move to meet the evolving demands of technology-driven enterprises in Bengaluru.
Premium Offerings and Competitive Edge
The Manyata centre features over 2,000 seats with a focus on design-forward, tech-enabled workspaces. The facility boasts a premium atmosphere and cutting-edge infrastructure, attracting marquee clients—Cloud Odyssey, Pioneer, and SRM Tech—to its tenant roster.
Robust National Growth and Financial Performance
UrbanVault has scaled its portfolio to 2.58 million square feet and more than 42,000 seats across Bengaluru, Pune, Gurgaon, and other major metros. The company reported a turnover of Rs 120 crore in FY25, achieving a 70% annual growth rate and an 18% profit after tax. With Rs 100 crore earmarked for FY26 expansion and plans for an IPO by 2028, UrbanVault is positioning itself as a major player in the Indian commercial real estate sector.
Additional Expansion in Key Locations
In addition to the Manyata Tech Park centre, UrbanVault recently signed a 50,000-square-foot lease at Prestige Obelisk in Bengaluru’s Central Business District, further cementing its footprint in high-potential micro-markets.
FlexInsights Take
UrbanVault’s aggressive expansion strategy, strategic partnerships, and focus on premium, tech-enabled workspaces position it strongly amid India’s evolving enterprise ecosystem. Its investment commitment for FY26, ambitious seat targets, and planned public offering by 2028 reflect confidence in robust sector demand. The company’s success in securing reputed clients and prime locations signals UrbanVault’s emergence as a significant force in India’s flexible workspace market.
