The flex sector has been at the forefront of changing the dynamics of the CRE market in India in the last decade. It has shifted from being an afterthought or a short-term tactical decision to a key strategic element of workplace strategies for global enterprises. Post Covid, flex space has become a permanent way of life.
Several key factors, such as hybrid work models, demand for flexible and agile workspaces, the desire for aspirational amenities, and the rising costs associated with traditional office spaces, have collectively fuelled the growth of managed workspaces.
With India becoming a preferred destination for Global Capability Centers (GCCs), we anticipate a strong demand for office spaces from this segment in the upcoming quarters. Our existing and new clients continue to expand with us, leading to a rise in multi-city deals and revenue.
As India's largest homegrown managed workspace platform, our focus remains on providing campus-scale managed workspace solutions to elevate the overall office experience within our expansive spaces. This approach facilitates seamless scalability for clients and aligns with the evolving needs of the modern workforce. We aim to scale our portfolio to 25 mn sq ft in the next four years from existing 8+ Mn sq. ft.