Coworking space provider InstaOffice enters Bengaluru

NEW DELHI: Coworking space provider InstaOffice has forayed into the Bengaluru market by announcing their plans to launch two offices in Indiranagar.

With one office at 100 Feet Road, the other at Double Road in Indiranagar, the company will offer over 150 seats in total to the city known for its startup culture. “Indiranagar is an ideal location for current InstaOffice members eager to have workspaces in Bengaluru, and for companies of all sizes who are seeking a new way to work,” said Vikas Lakhani, co-founder, InstaOffice.

InstaOffice, based out of Gurgaon at present, have five offices in total, with a total area of 15,000 sq ft. The firm in September had revealed its plan to lease around 1 lakh sq ft of office space by March next year and expand operations to Bangalore and in the the National Capital Region.

Coworking culture is rapidly gaining favour in the country, with not only startups and small businesses, but large corporates also opting for such spaces for their office space requirement. Around 62% of all coworking owners this year, reported wanting to expand their spaces, showing a slight increase from the 59% in 2014, according to a survey by the website Deskmag.

The entry of some of the large players like WeWork, world’s largest co-working startup, Regus has grabbed the interest of many corporates. Sidharth Menda of Bengaluru-based real estate developer RMZ Corp has recently ventured into this space with CoWrks.

Credits ET Realty

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