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Chennai gets another player in the coworking space

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Awfis has arrange its first space, unfold over 65,000 sq. ft at Gemini Circle, Nungambakkam

Awfis, a homegrown coworking service supplier, has entered the Chennai market and has arrange its first space, unfold over 65,000 sq. ft at Gemini Circle, Nungambakkam. This centre has 1,200 seats.

“Chennai is an untapped market with great underlying potential for the flexible workspace sector. With industries opening up to the flexible/shared workspace concept, we are confident that this trend will continue to grow,” stated Amit Ramani, CEO and Founder, Awfis.

He added, “Due to pandemic-induced restrictions, even the most traditional companies will see merit in setting up satellite offices outside metros, with offices spread across multiple locations to help people work near home or to enable distributed workspace model.” Mr. Ramani additionally identified that with good connectivity to metro trains, Chennai as a market had super potential in the coworking space.

Over the subsequent 12-18 months, the agency meant to scale as much as 5-6 centres in Chennai. “By March 2021, we will add the next three centres,” Mr. Ramani stated and added that the agency was locations, together with Anna Salai, T. Nagar and Guindy. Plans had been on playing cards to enter tier-2 cities in Tamil Nadu. Awfis at the moment had 67 operational coworking centres with 35,000+ seating capability. It had 10 centres in Bengaluru, eight in Hyderabad, together with a number of centres in Mumbai, Delhi, Kolkata, amongst different distinguished cities throughout India. The agency meant to create workspaces with over 2,00,000 seats in 15 cities in the subsequent 36 months. These centres would cater to giant corporates, SMEs in addition to start-ups.

According to information offered by actual property analysis agency, Jones Lang LaSalle (JLL), Chennai has over 17.9 lakh sq. ft. of coworking inventory with 33,383 seats of which the complete absorption is 22,579.



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