Connect with us


Oneculture takes 1 lakh sq ft office space from Bhutani Infra in Noida to set up co-working centre


New Delhi: Co-working firm Oneculture has taken 1.06 lakh sq ft office space in Noida on lease from realty firm Bhutani Infra to open its fourth centre comprising 1,600 seats.

Oneculture has leased 1,06,640 sq ft office space in Bhutani Group commercial project ‘Alphathum’ in Noida, Uttar Pradesh, being constructed at an investment of about Rs 1,200 crore. The co-working firm currently has two centres in Gurugram, Haryana with a total capacity of 1,300 seats and will open the third centre in the city in November having 700 seats. It offers space in the range of Rs 12,000-22,000 per seat per month, a senior company official said.

Bhutani Infra CEO Ashish Bhutani said the demand for office space in Noida and Greater Noida market is improving because of lower rentals compared to Gurugram. In contrast to sluggish housing sector, India’s office market has been performing well, driven by demand from corporates and co-working operators. Introduction of Real Estate Investment Trust (REITs) has also come as a major boost for this segment.

WeWork, Regus, CoWrks, Awfis, Smartworks, OYO Workspace, GoodWorks, GoWork, Skootr, IndiQube, Avanta, 91 Springboard, Creator’s Gurukul, GoHive, Plus Offices and Spring House Coworking are major players in this segment. Recently, Thailand-based real estate firm MQDC also entered this space by taking on lease 22,000 sq ft from realty major DLF to start its first co-working centre in the national capital.

Bhutani Infra is investing Rs 1,200 crore to develop this commercial project, comprising 45 lakh sq ft of built-up area, to tap into the rising demand for office space. Of the total area, around 35 lakh sq ft is for office space and seven lakh sq ft for a shopping mall. Rest will have 500 studio apartments. Office towers are expected to be completed by year-end, while shopping mall and studio apartments are likely to be executed over the next two years.


The company has adopted both sale and lease model to monetise this project. The average selling price is Rs 8,000 per sq ft. Bhutani Infra has so far completed about a dozen commercial projects in East Delhi as well as Ghaziabad and Noida.

Latest News

Events19 hours ago

Danube Properties’ Dh525 million Opalz sold out on the first day of launch

October 4, 2022: Danube Properties, the UAE-based affordable housing developer, said, its latest project Opalz, a twin-tower residential project with...

Events20 hours ago

Pacific Mall D21’s ‘Dussehra Celebrations’ drops the curtain with high attendance

New Delhi: Pacific Mall D21 organised a two-day Dussehra celebration and Garba Night, attracting massive turnouts. The special arrangement of...

News20 hours ago

Tata Value Homes sells over 100 residential units at New Haven, Bahadurgarh at launch

Delhi/Haryana October 4, 2022: With an aim to address the growing demand for quality homes in Haryana – Bahadurgarh, Tata...

New Launches20 hours ago

Welspun Corp opens steel plant in Anjar

October 3, 2022, Anjar, Gujarat: Welspun Metallics Limited, a subsidiary of Welspun Corp Limited (WCL), the flagship company of the Welspun...

Events2 days ago

Over 1500 cyclists join Hiranandani Thane Cyclothon 2022 to support ‘Rhyme for Earth’ initiative

October 2, Thane: The Hiranandani Group hosted the first Hiranandani Thane Cyclothon today from its thriving Thane township, Hiranandani Estate. Over...

New Launches2 days ago

Ashiana Housing adds over 900 senior living units with Villas and Apartments with the launch of Ashiana Advik in Bhiwadi

New Delhi, October 3, 2022: New Delhi-based real estate developer Ashiana Housing has announced the launch of Ashiana Advik in Sector 39, Bhiwadi....