Hey there, folks! Big news in the world of coworking spaces – 315Work Avenue is on a roll with their recent expansion at International Tech Park Pune (ITPP) in Kharadi. The company has just leased an additional 56,000 sq ft, bringing their total space at the park to a whopping 1 lakh sq ft. Talk about a significant expansion!
This move comes hot on the heels of their earlier acquisition of 44,000 sq ft at the same location, making it clear that 315Work Avenue is serious about meeting the rising demand for flexible workspaces in India. With a total area of 6 lakh sq ft spread across six centres in Pune, this company is definitely making waves in the coworking space industry.
ITPP, where 315Work Avenue is making its mark, is a Grade A tech park developed by Ascendas-Singbridge near Pune’s Lohegaon International Airport. It’s no wonder that this location is a key part of the company’s expansion strategy – Kharadi is a prominent IT hub in Pune’s North Eastern corridor, making it a prime spot for businesses looking for flexible office solutions.
Manas Mehrotra, the Founder of 315Work Avenue, is thrilled about the company’s growth, stating, “Amid the contraction of the conventional office real estate market, the coworking sector has emerged as a comfortable alternative and is the preferred office space for businesses across industries.” It’s clear that the demand for flexible workspaces is only going to continue to rise in the future.
With plans to expand to New Delhi & NCR and Hyderabad while strengthening their presence in existing markets like Bengaluru, Chennai, Mumbai, and Pune, 315Work Avenue is definitely a company to watch out for. The coworking space sector is expected to play a crucial role in shaping India’s office market in the years to come, with over 80% of occupiers, especially multinational companies, planning to expand through flexible workspaces in the next three to five years.
So there you have it – 315Work Avenue is on the move, and they’re not slowing down anytime soon. Keep an eye on this company as they continue to cater to the evolving needs of businesses in search of adaptable office solutions. Exciting times ahead for the coworking space industry!
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