In view of the high demand for coworking spaces, 315Work Avenue, one of India’s prominent coworking space providers, has leased 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 stores in several countries.
315Work Avenue now operates six centres across 0.6 million sq ft in Pune, partnering with leading developers like Ascendas, Panchshil, and Raheja. With approximately 12,000 seats in the region, the company aims to expand significantly. Nationally, it manages 3 million sq ft across 45 prime locations in Bengaluru, Chennai, Hyderabad, Mumbai, and Pune, totaling around 60,000 seats.
ITPP, developed by Ascendas-Singbridge, is a Grade A, 2.5 million sq ft tech park located near Pune Lohegaon International Airport. Positioned in the well-established IT hub of Kharadi, the property offers spacious, skillfully designed commercial office spaces with modern infrastructure and amenities, ensuring a comfortable and convenient working environment.
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 optimise 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’s client roster includes BNY Mellon, Webasto, Tata Technologies, Tata Motors, Tata Power, Muthoot, Moengage, Teamlease, Operative, Urban Company, Wibmo, Aramex, TotalEnergies, Northland, Esper, Hafele, and AstraZeneca, among others. With coworking spaces poised to take a leading role in shaping India’s office market, their contribution to commercial real estate portfolios is set to grow. According to a JLL report, flexible workspaces captured a record 20% share of gross office leasing in 2024, with operational footprints projected to exceed 100 million sq ft across India’s top seven cities by 2026.
