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The Office Pass (TOP) will open its 14th coworking location in the Delhi NCR and 12th in Gurgaon. The new coworking space will be 26000 square feet in size. The office will be artistically designed with high-end specifications, with 550+ workstations, extensive meeting and conference rooms, a lounge, a café, and collaboration zones.
TOP will further solidify its position as the largest coworking operator in Delhi NCR, with 14 operational offices, with the opening of this new space. In the December 2022 quarter, TOP coworking office occupancy reached 87%.
The new office will be located in Gurgaon, inside the prominent business complex Unitech Cyber Park (UCP), which is close to the HUDA City Center Metro Station and easily accessible from Delhi and all areas of Gurgaon. TOP’s fourth office in UCP will have a total capacity of over 1600 desks spread across 72,000 Square Feet.
The coworking and managed office businesses are experiencing strong tailwinds on account of people returning back to the office in a hybrid manner. We hope to capitalize on this momentum by opening 50 offices in the next 24 months. Since January-March 2022, TOP has been growing in the triple digits since then,” said Aditya Verma, founder, and CEO of The Office Pass.
The new space will meet the office needs of large corporations, SMEs, and start-ups. From the end of February 2023, corporates with teams ranging from 8 to 200 will be able to use this ready-to-plug-in facility. TOP will invest approximately $12 million in this new facility.
Because of the uncertainty in the business environment and the flexibility in investment commitment in the coworking space, flexible office operators see consistent demand from enterprises and SMEs.
“Hybrid work is the way forward,” said Brijesh Damodaran, founder of Auxano Capital and an early investor in TOP. The growth playbook for geographic expansion is also ready, thanks to the leadership of the NCR markets. As TOP opens new centers in the coming months, both bottom line and top line growth can be expected.”