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Business Standard
27-05-2025
- Business
- Business Standard
Sumadhura enters coworking business with 1.3 lakh sq ft centre in Bengaluru
Realty firm Sumadhura Group has forayed into the co-working business with the opening of its first centre in Bengaluru, covering 1.3 lakh square feet area, as it sees huge demand for managed flexible workspaces from corporates. In a statement on Tuesday, Bengaluru-based Sumadhura Group said it has set up a separate vertical 'workship' to provide premium managed office spaces to corporates. "We have already opened our first centre in Bengaluru and the plan is to add 3 more centres this fiscal with a total portfolio of 5 lakh sq ft area," said Madhusudhan G, Chairman & Managing Director of Sumadhura Group. He said the workship will take office space on lease from the parent firm Sumadhura Group as well as from other builders. In the first centre, Madhusudhan G said the company is providing workspaces at around Rs 15,000 per desk. The first centre is located within Sumadhura's commercial complex - Capitol Towers- in Whitefield, Bengaluru. "India is witnessing a significant shift in how workspaces are perceived and utilised, with a growing demand for high-quality, flexible, and premium managed office spaces. Bengaluru and Hyderabad are leading this transformation,"Madhusudhan said. There is a strong interest from sectors such as IT/ITeS, agri-tech, and pharma, he added. Sumadhura Group has delivered 54 projects covering over 13 million square feet. The company is developing real estate projects mainly in Bengaluru and Hyderabad.
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Business Standard
27-05-2025
- Business
- Business Standard
Sumadhura launches Workship, targets 10,000 flex seats in 3 years
Bengaluru-based real estate major Sumadhura Group has forayed into the managed office space business with Workship, under which it aims to lease over a million square feet and more than 10,000 seats over the next three years. The foray underscores the rising demand for flexible workspaces across sectors and the revenue opportunity it provides for real estate majors. Located within Sumadhura Group's commercial space Capitol Towers in Whitefield, Bengaluru, Workship spans over 1.22 lakh square feet of space and has added 1,500 seats in its first phase. The group aims to add 1,500 seats more by August 2025 as part of the expansion. Madhusudhan G, Chairman and Managing Director, Sumadhura Group, said, 'India is witnessing a significant shift in how workspaces are perceived and utilised, with a growing demand for high-quality, flexible, and premium managed office spaces. Bengaluru and Hyderabad are leading this transformation, and we are thrilled with the overwhelming response to Workship in this market.' The group has witnessed growing demand across sectors, including IT and ITeS, GCCs, pharma, agri-tech, and BFSI, for flexible workspaces. 'The strong interest from sectors such as IT/ITeS, agri-tech, and pharma reaffirms our belief that premium managed spaces—backed by real estate credibility and end-to-end operational control—represent the future of work in India. Looking ahead, we plan to expand Workship in Hyderabad by 2027, recognising its growing prominence as a key GCC hub and a high-potential premium office space market,' Madhusudhan G added. The company highlighted that Workship is a state-of-the-art workspace designed with hand-painted art and premium amenities. It features an arrival lounge, collaborative zones, private offices, a podcast studio, and dedicated wellness areas. Occupiers enjoy 24/7 access and can seamlessly manage daily operations through a dedicated mobile app, creating a modern and efficient work environment. Workship will be competing against Simpliwork, Indiqube, Urban Vault, among others, in India's tech hub. Sumadhura aims to redefine the managed office space experience by combining its core strength in real estate development with a hospitality-led approach to workspace management.
