315Work Avenue Leases 50,000 sq ft to METRO Global Solutions Center in Pune
In view of the high demand for coworking spaces, 315Work Avenue, one of India’s prominent coworking space providers, has given on lease 50,000 sq ft to METRO Global Solutions Center Pvt. Ltd. (MGSC) at International Tech Park Pune (ITPP), Kharadi. MGSC is the preferred internal solutions partner of METRO, an international wholesaler with its stores in several countries.
315Work Avenue now has six centres spread across 0.6 million sq ft in Pune with leading developers like Ascendas, Panchshil, and Raheja, totalling around 12,000 seats and aims to expand significantly in the near future in the region. Overall, 315Work Avenue currently manages 3 million sq ft space totalling around 60,000 seats across 45 prime locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune.
ITPP, strategically located near the Pune Lohegaon International Airport, is a vibrant space and home to premier companies. This Grade A, 2.5 million sq ft tech park, developed by Ascendas-Singbridge, is a part of the well-established IT hub of Kharadi in the North Eastern corridor of the city. The property offers spacious and skillfully designed commercial office spaces with easy access to the markets. The structure provides all elements of comfortable and convenient working with contemporary, cutting-edge infrastructure and modern amenities.
Mr. Manas Mehrotra, Founder of 315Work Avenue, said, “We’re excited to have METRO Global Solutions Center Pvt. Ltd as our esteemed clientele and we look forward to supporting their growth and success as they become part of our vibrant community. Overall, we continue to see a significant rise in demand for coworking spaces from corporates of all sizes as flexible workspace has become a key component in their real estate portfolio to enhance employee productivity, foster collaboration, and optimising operational costs by scaling up or down as per business requirements. Our recent expansions, including significant leases in multiple cities, highlight our commitment to meeting the rising demand for flexible workspaces across the country. We are confident that the Pune market will continue to play an integral role in our overall growth journey.”
315Work Avenue works with prestigious clients that include BNY Mellon, Webasto, Tata Technologies, Tata Motors, Tata Power, Muthoot, Moengage, Teamlease, Operative, Urban Company, Wibmo, Aramex, TotalEnergies, Northland, Esper, Hafele, and AstraZeneca amongst others. With coworking spaces poised to take a leading role in shaping India’s office market, their contribution to the overall portfolio is set to grow significantly in the coming years. As per a report by JLL, flexible workspaces became a major force in India’s commercial real estate, capturing a record 20% share of gross office leasing in 2024. The report also projected that the operational footprint across India’s top seven cities will exceed 100 million sq. ft. by 2026.
