H2 – Spaces opens its 6th property in India and second in Mumbai with Adani Realty
Spaces, the Amsterdam based creative workspace provider part of IWG, recently inaugurated its 6th property in India and second in Mumbai. Spaces new co-working centre at Adani’s Inspire Hub in Andheri comes with a 142 seating capacity along with all amenities as per its global standard. The global leader has been steadily increasing its presence in India, focusing on major metros like Delhi, NCR, Bengaluru and Mumbai.
Spread over an area of 50,000 square feet, Spaces at Inspire Hub hosts a wide variety of co-working spaces, meeting rooms, private offices, conferencing facilities and event spaces offering creative working environment. Apart from Spaces-hosted events for knowledge sharing and networking, members can also make use of the event space to host their own events, client events or for product launches.
|The future of Co-working spaces in India:
· Millennials form 46% of India’s workforce
· Over 5200 startups in India
· Third largest ecosystem in world after China and USA
· Market for the segment expected to demand nearly 9 million square feet and over 16 million seats this year
· Tier 1&2 expected to touch between 6 to 10 million square feet by 2020
Speaking on the India expansion plan, Margot van der Poel, co-founder and Brand Manager APAC at Spaces informed ‘India is an important destination in our growth plans as there is an unmet growing demand for co-working spaces that provide multitude solutions across clientele base like entrepreneurs, startups and multinational organisations’.
‘We have integrated our global experience to develop co-working spaces that boost creativity and encourage knowledge sharing across our clientele and Adanis’s Inspire Hub centre is another example of our constant endeavour to deliver quality spaces’ added Mr. Poel.
According to recent reports, Co-working firms leased nearly 7 million square feet in 2018 indicating strong segment demand. India is expected to have over 13.5 million co-working space users by 2020.
‘Co-working spaces has witnessed a meteoric rise in the last few years in India. The demand for flexi-work spaces that infuse creativity and innovation has also been equally strong from non metro locations in India’ informs Ajay Munot, CEO – Adani Realty.
‘Spaces is a globally successful venture and their foray into India brings proven expertise and deep learnings on bridging the need-gap for young entrepreneurs, startups and multinationals as well’ added Mr. Munot.
Speaking on the Spaces collaboration with Adani Realty, Rohit Gopalani – Head Commercial at Adani Realty informed ‘Spaces has strict pre-defined requirements that it adheres to globally with respect to location, design, construction quality and floor plan requirements. We, at Adani Realty, have delivered to their expectations with our Inspire Hub property located in Andheri, Mumbai’.
‘We are purpose driven to deliver quality products that are globally recognized and our association with leading international corporates and co-working space providers is a testimony of our value based approach towards our clients’ added Mr. Gopalani.
Adani Realty forayed into commercial development space in the last few years and has recently announced the launch of Inspire BKC in Mumbai and other upcoming commercial developments in Gurugram and Ahmedabad.