Synq.work plans to invest 60 Cr. to add 6L sq. ft. total area to its portfolio with new centres in Bangalore, Pune, and Hyderabad
Synq.Work, one of the leading managed office space providers in India has recently made an announcement to expand the current seating capacity from 3200 to 12,000 by adding an additional 8800 seats by December 2025. In sync with the announcement, the company plans to add 6,00,000 sq. ft. total area to its existing portfolio of 4,00,000 sq. ft. with a strategic investment of Rs. 60 Cr.; dedicated to address the need for client-centric and community-building office space solutions.
Capitalising on its state-of-the-art offerings – managed office spaces, private offices and flexible coworking spaces, the company has been able to record impeccable success in Delhi NCR, boasting a total count of 16 offices across the region. Driven by the tremendous market response, Synq.work is ready to embark on an exponential business trajectory by foraying into new metro cities – Bangalore, Pune and Hyderabad to deliver workplace excellence.
Commenting on this significant expansion, Rahat Bhagat, Co-founder of Synq.work said, “In the last four years, the coworking industry has undergone a massive transformation with an upsurge in enterprises and startups looking for flexible and managed office spaces. Over the years, we have been successful in carving a distinctive niche for ourselves to stay ahead in this fiercely competitive market. We are excited to embark on this journey of further expansion which will broaden our reach to include a larger community of innovators, creators, and leaders by providing them with the requisite infrastructure and resources to thrive.”
Furthermore, Synq.work aims to set a new standard for managed office spaces through its dedication to customer service, community-building, and sustainability, which will enable businesses to thrive in a rapidly changing world. Leveraging this unique approach, the company has built strategic partnerships with Fortune 500 companies, MNCs, and startups. It delivers bespoke enterprise solutions to marquee clients including Cars24, Canara HSBC Life Insurance, OnGrid, Lighthouse Canton, Acko Insurance, and others with top-notch managed office spaces.
Started in 2018, Synq.work successfully achieved 90% occupancy in its first year of operations. Since then, the company has continued to progress at a fast pace by expanding to 3500+ live seats across 13 facilities / 600+ WIP in Q1 FY2024 with aggressive plans to further expand in the ongoing year.
