According to its creator, Manas Mehrotra, 315Work Avenue wants to quadruple its portfolio in the next 18 months
The coworking company 315Work Avenue said on Tuesday that it intends to increase its portfolio in the nation during the next 18 months as part of its development ambitions. The firm said that it anticipates this expansion as a result of corporates’ increasing desire for flexible spaces, and it is exploring both inorganic and organic ways to double its seat capacity. Currently, 315Work Avenue oversees 2 million square feet of space with almost 40,000 chairs spread across 40 prestigious sites in Bengaluru, Chennai, Mumbai, and Pune.
In addition, 315Work Avenue is actively exploring expanding its reach into the New Delhi & NCR and Hyderabad sectors, while also fortifying its present market position. The firm released a statement saying, “The expansion into these cities is part of the company’s overall strategy to have about 10-12 cities in its portfolio over the next two years.” While strengthening its position in Bengaluru, 315Work Avenue intends to expand from its present 30 locations to over 50 locations around the city. BNY Mellon, Tata Technologies, Webasto, Muthoot, Moengage, Vimeo, Teamlease, Operative, Urban firm, Wibmo, TotalEnergies, Northland, Esper, Hafele, and AstraZeneca are just a few of the companies that the firm serves.
In an announcement, 315Work Avenue said that it intends to quadruple its portfolio in the nation over the next 18 months.
“The coworking industry’s rise reflects a fundamental shift in how modern businesses approach their workspace needs, which has evolved significantly in recent years,” said Manas Mehrotra, the founder of 315Work Avenue. Shared spaces have several advantages that are attracting the interest of both large and small businesses. Corporates and multinational corporations (MNCs) are increasingly gravitating toward coworking spaces, which have become important hubs for development, indicating that the need is growing. This demand for coworking spaces presents us with a fantastic chance to increase our national footprint. Our plans for strategic growth demonstrate our dedication to improving the entire work environment and fostering a dynamic community where ideas and companies flourish.
In order to draw in additional customers, he said, the firm is also looking at developing shared offices and mall spaces, particularly in light of the growing popularity of hybrid work arrangements. “315Work Avenue prioritizes providing futuristic solutions that cater to our esteemed client’s unique needs through end-to-end services by utilizing cutting-edge technology and innovative approaches.” These benefits have made coworking spaces even more valuable than typical office spaces. We have leased rooms to several corporate and big enterprise clients over the last two years, proving our capacity to cater to the unique requirements of organizations. Our current goals are to maintain profitability, increase revenue, and keep growing our portfolio,” Manas Mehrotra said.
In the coworking space, the general positive atmosphere is generating new business prospects. “At 315Work Avenue, we value establishing and maintaining connections and recognize that keeping in touch with our current clientele is crucial to securing their loyalty and continuous happiness. Manas Mehrotra said, “Our primary purpose is to be the go-to ‘partner of choice’ for clients by providing the greatest possible customer experience, value for money, and tailored solutions.
