Urban Vault Leases 1.2 Lakh Sq Ft in Bengaluru CBD for New Coworking Centers
Urban Vault, a leading provider of managed flexible office space, has leased 1.2 lakh square feet in Bengaluru's central business district to meet the growing demand for premium workspace. The company plans to expand to Gurugram, Pune, and Mumbai soon.
Flexible WorkspaceCommercial Real EstateBengaluruCoworking CentersUrban VaultReal Estate NewsOct 27, 2024
In a recent statement, Urban Vault announced that it has secured leases in several prime locations within Bengaluru’s CBD. These include HM Square (formerly HM Icon) on Residency Road, Prestige Obelisk on Kasturba Road, and Pardhanani Wilshire on MG Road. Commenting on the expansion, Amal Mishra, the founder of Urban Vault, highlighted the high demand for managed office space in the CBD area.
Frequently Asked Questions
What is Urban Vault's recent expansion in Bengaluru?
Urban Vault has leased 1.2 lakh square feet of office space in Bengaluru's CBD to set up new coworking centers and meet the growing demand for premium workspace.
What locations in Bengaluru's CBD has Urban Vault leased?
Urban Vault has leased office spaces in HM Square (formerly HM Icon) on Residency Road, Prestige Obelisk on Kasturba Road, and Pardhanani Wilshire on MG Road.
What is the pricing range for desks at Urban Vault?
Urban Vault offers desks in a price range of Rs 8,000-10,000 per month.
What are Urban Vault's future expansion plans?
Urban Vault plans to expand to Gurugram, Pune, and Mumbai in the coming quarters.
What was Urban Vault's financial performance in 2023-24?
In the financial year 2023-24, Urban Vault achieved a turnover of more than Rs 100 crore, with a profit after tax (PAT) of 18%.
Related News Articles
Centre Receives 28 Proposals from 23 States to Develop New Cities
The Union Housing and Urban Affairs Ministry has received 28 proposals from 23 states to incubate and develop new cities, as informed in the Lok Sabha.
Pune Metro Construction Causes Traffic Chaos for Commuters
The ongoing construction of the Pune Metro has led to significant traffic disruptions, causing mayhem for commuters, especially around key areas like University Chowk. The city's urban issues are further compounded by these developments, impacting real es
Eleganz Interiors Files DRHP with NSE Emerge
Eleganz Interiors plans to use Rs 25 crore from the IPO proceeds to repay a portion of its outstanding borrowings, as it files its DRHP with NSE Emerge.
Pune's Green Heritage Under Threat: Balancing Urbanization and Environmental Protection
As Pune experiences a construction boom, concerns are mounting over the city's dwindling green spaces and the impact on its ecological heritage.
Macrotech Developers Boosts Stake in Warehousing Firms with Rs 239.56 cr Investment
Macrotech Developers, a leading real estate firm, increases stake in three warehousing companies, aiming to enhance rental income.
Singing Real Estate Agent Snags Investor for $1.6 Million Auckland Castle
In a unique twist on traditional real estate marketing, a singing agent from Auckland, New Zealand, has successfully attracted an investor who purchased a historic castle for a whopping $1.6 million. This unconventional approach to property sales highlights the potential of creative marketing strategies in the competitive real estate market.