Latest news with #MadhusudhanG
&w=3840&q=100)
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.
&w=3840&q=100)
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.
Hindustan Times
27-05-2025
- Business
- Hindustan Times
Sumadhura Group forays into managed office spaces, to lease 1 mn sq ft of space in next 3 years
Bengaluru-based real estate developer Sumadhura Group has entered the managed office space (MOS) segment with the launch of Workship. The company aims to lease over 1 million square feet of flexible office space, offering more than 10,000 seats over the next three years. Workship is located within Sumadhura's commercial property, Capitol Towers, in Whitefield, Bengaluru. Spanning 1.22 lakh square feet, it currently offers over 3,000 seats. Since its launch, Workship has delivered more than 50,000 square feet of managed office space—comprising over 1,500 seats—within just three months. Buoyed by strong demand, the company plans to add another 1,500 seats in the same development by August 2025. Also Read: Sumadhura Group acquires 40 acres of land in Bengaluru for ₹800 crore; to develop four housing projects 'Our goal of reaching one million square feet of managed office space over the next three years reflects our confidence in this growth trajectory. 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, chairman and managing director, Sumadhura Group, said. Workship offers a premium range of amenities, including an arrival lounge, collaborative zones, private offices, a podcast studio, and wellness areas.
Time of India
27-05-2025
- Business
- Time of India
Sumadhura Group forays into managed office spaces, aims to lease 1 million sq. ft of space over the next three years
Sumadhura Group , a prominent real estate developer , has made its entry into the managed office space (MOS) segment with the launch of its premium workspace brand – Workship – in Bengaluru. Strategically located within Capitol Towers , Sumadhura's flagship commercial development in Whitefield, Bengaluru, Workship spans over 1.22 lakh square feet and offers more than 3,000 seats. With the growing demand for flexible workspaces across sectors such as IT & ITeS, Global Capability Centers (GCCs), pharmaceuticals, agri-tech, BFSI, and manufacturing, Sumadhura aims to scale significantly. The group plans to lease over 1 million square feet of managed office space, adding more than 10,000 seats over the next three years, positioning itself as a key player in India's evolving workspace ecosystem. The debut phase of Workship – comprising over 50,000 square feet and 1,500 seats – was fully leased within just three months of launch. Tenants from IT, pharma, and agri-tech sectors were among the early adopters, validating strong market interest. Buoyed by this momentum, Sumadhura has announced the addition of another 1,500 seats within the same Capitol Towers complex, scheduled for completion by August 2025. This rapid expansion reflects both market confidence and Workship's growing reputation as a premium managed workspace provider. Madhusudhan G, Chairman & Managing Director, Sumadhura Group, said: 'India is witnessing a significant shift in how workspaces are perceived and utilized, with a growing demand for high-quality, flexible, and premium managed office spaces . Bengaluru and Hyderabad are leading this transformation'. He further said that 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. 'Our goal of reaching one million square feet of managed office space over the next three years reflects our confidence in this growth trajectory. Looking ahead, we plan to expand Workship in Hyderabad by 2027, recognizing its growing prominence as a key GCC hub and a high-potential premium office space market'. With Workship, Sumadhura Group 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. The group has delivered more than 54 projects, covering over 13 million square feet, with an additional 40 million square feet currently in the pipeline. In addition to residential developments, the group has diversified its portfolio to include commercial spaces, warehousing, co-living arrangements, and other real estate sectors.
Time of India
22-04-2025
- Business
- Time of India
Sumadhura Group to invest ₹250 crore to develop residential project in Bengaluru
NEW DELHI: Sumadhura Group plans to invest ₹250 crore to develop residential project-Codename Uru in Kenchanhalli, Bengaluru . Madhusudhan G , chairman & managing director of the company said, "Our aim is to strike the perfect balance between modern urban living and the rich cultural ethos of Karnataka." Spread over 3.25 acres of land, this project is expected to generate a topline of ₹500 crore and will be ready for possession by December 2029. It will offer 297 2BHK and 3BHK homes across two towers rising 28 floors.
