315Work Avenue aims to double its portfolio in next 18 months, ET RealEstate
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NEW DELHI: 315Work Avenue, a flexible space provider, aims to double its portfolio in the country in next 18 months. It currently manages two million sq ft space totalling around 40,000 seats across 40 locations in Bengaluru, Chennai, Mumbai and Pune.
Manas Mehrotra, founder of the company said: “We are also exploring opportunities to expand our reach by entering mall spaces and opening up shared offices to attract more clients. Our aim now is to keep expanding our portfolio, grow revenue and remain profitable.”
The company is in advanced discussions to spread its footprint in the National Capital Region (NCR) and Hyderabad. The expansion into these cities is part of the company’s overall strategy to have about 10-12 cities in its portfolio over the next two years.
It plans to scale to over 50 centres in Bengaluru from the current presence of 30 centres.