315Work Avenue expands in Pune, touches 1,00,000 square feet of office space at ITPP

In continuation of the high demand for coworking spaces, 315Work Avenue, a coworking space provider, has leased additional office space of 56,000 sq ft at International Tech Park Pune (ITPP), Kharadi, touching the milestone of 1 lakh sq ft. 

The coworking company had earlier leased 44,000 sq feet at ITPP. 315Work Avenue now has six centres spread around 0.6 mn sq ft in Pune with leading developers like Ascendas, Panchshil and Raheja, totalling around 12000 seats and aims to expand significantly in the near future. The expansion comes at a time when companies continue to see merit in setting up offices in the IT hub.

ITPP, strategically located near the Pune Lohegaon International Airport, is a Grade A, 2.5 million sq ft tech Park, developed by Ascendas-Singbridge and is part of the well-established IT hub of Kharadi in the North Eastern corridor of the city. 

"The property offers spacious and skillfully designed commercial office space with easy access to the markets. The structure provides all elements of comfortable and convenient working with contemporary, cutting-edge infrastructure and modern amenities," the company said in a release.  

315Work Avenue currently handles a portfolio of around 2.5 mn sq ft space totalling around 50,000 seats across multiple prime locations in Bengaluru, Chennai, Mumbai, and Pune. The company is also looking to spread its geographical footprint in New Delhi & NCR and Hyderabad market and strengthen its presence in the current markets.
 
Commenting on the development, Mr. Manas Mehrotra, Founder, 315Work Avenue said: “Pune’s coworking market has seen significant growth during the last few years, led by a burgeoning young population, the presence of large tech corporates, and the proliferation of numerous startups.”