Hanto Workspaces, a premier provider of managed commercial real estate solutions, announced the launch of 1 lakh square feet of premium workspace across Bangalore. This significant expansion is driven by organic demand for premium workspaces designed by Hanto. With this addition, Hanto Workspaces now manages 2 lakh square feet of premium workspaces in Bangalore.
In addition to this expansion in Bangalore, Hanto Workspaces is planning to launch a total of 2 lakh square feet of workspace in Hyderabad and Pune, marking its entry into these new markets. This move is driven by the organic demand from its existing customer base in Bangalore.
Speaking about the expansion, Aashit Verma, Founder of Hanto Workspaces, said, “The organic demand for the managed workspace market is driven by customers seeking high-quality workspaces at value pricing. We provide customisation and flexibility in interior and services unmatched in the industry. This makes it easy for clients to easily shift from their traditional workspace solution to one that is managed by Hanto."
Hanto Workspaces had raised Rs 15 crore in seed funding led by Anurag Jain, Founder, KredX and other angel investors in a mix of equity and debt in November 2023 to grow its business and expand across major cities in India. It aims to achieve a revenue of over 700 crore by 2028.
Despite the rapid expansion, Hanto Workspaces has achieved an impressive 90% occupancy rate, including newly launched properties. Furthermore, the company has received advance bookings for their upcoming properties, underscoring the strong market trust and demand for their offerings. Hanto is able to achieve high occupancy rates owing to their ability to work closely with clients and create tailored solutions for them. Making it easy for clients to plan ahead of time, making Hanto their preferred workspace partner.
