The new facility will house Tata Technologies’ design studio, lab stations, meeting and conference rooms, and a wellness centre and will leverage its expertise in electric and embedded systems.
Manas Mehrotra, Founder, 315Work Avenue said: “The entire space was custom crafted as per the requirement of the client within 2 months despite the challenges posed by the Covid-19 pandemic”.
315Work Avenue currently manages around 12,000 seats spread over 6,00,000 sq ft across multiple prime locations in Bangalore. 315Work Avenue plans to beef up its total portfolio to 1 million sq ft by next year with a focus on south and west India, while further strengthening its presence in Bangalore.
“We believe that the need for flexible space will only rise in the current scenario, as corporates will look to cut capex on setting up own offices. It will also help them remain agile and retain flexibility to adjust operations based on the market conditions. We have already achieved phenomenal growth in a short period and our priority now is to deepen the penetration in existing markets and enter newer cities. Bangalore will continue to play an integral role in our overall growth journey. We are also open to acquire smaller players in strategic pockets in tier one cities for further expansion,” said Manas.
According to an industry estimates, Bengaluru continues to be the market leader with gross office space absorption of 0.50 million square meters in the first half of 2020.