UrbanVault, a prominent coworking space provider headquartered in Bengaluru, has significantly expanded its footprint in the crucial Delhi-NCR office market with the launch of two new coworking centres in Gurugram. Totaling 35,000 square feet and offering approximately 700 premium seats, these new facilities mark a strategic entry into one of India's most dynamic commercial hubs. The company has also announced an ambitious investment of over ₹100 crore for the fiscal year 2025-26 to further fuel its pan-India expansion.

The two new state-of-the-art centres are strategically located on Golf Course Road, Sector-54, Gurugram, specifically housed within the Paras Twin Tower. With per-seat pricing starting at ₹12,000, UrbanVault aims to cater to a diverse clientele, from startups and freelancers to established enterprises seeking flexible, Grade A workspace solutions.

Amal Mishra, CEO of UrbanVault, underscored the importance of this expansion, stating, "Delhi NCR is one of the most important office markets in the country and plays a pivotal role in our national growth strategy. We plan to invest over ₹100 crore in 2025-26 to fuel our expansion across key commercial hubs in India."

This move comes at a time when the demand for flexible workspaces in India is experiencing robust growth. The hybrid work model, coupled with businesses' increasing need for agility and cost-effectiveness, has driven a surge in demand for coworking spaces. Gurugram, in particular, has emerged as a powerhouse for flex spaces, largely due to the presence of high-quality Grade-A office spaces, significant demand from major conglomerates, and the rising prominence of Global Capability Centres (GCCs). Real estate consultant Vestian's CEO, Shrinivas Rao, noted that flex spaces accounted for 13% of pan-India office absorption in the past four quarters, with Gurugram contributing significantly to this trend.

UrbanVault currently manages a substantial portfolio of over 2.5 million square feet and 40,000 seats across Bengaluru, Pune, and now Gurugram. The company is actively exploring new developments in other high-potential micro-markets within Gurugram, including Sector 44, Udyog Vihar, and Golf Course Extension Road. Furthermore, UrbanVault is also setting its sights on entering the Noida market in the near future, indicating a comprehensive strategy for strengthening its presence across the NCR region.

Mishra expressed strong confidence in the company's trajectory, adding, "We are witnessing strong demand across all our markets and expect to close FY26 with an annual revenue run rate of over ₹250 crore. Our growing pipeline of projects, backed by robust market fundamentals and customer trust, positions us well for sustained long-term growth."

UrbanVault's expansion aligns with broader industry projections that foresee continued growth in the coworking sector. Flexible office space operators are bullish on demand, as corporates increasingly seek agile solutions to reduce overheads and enhance employee productivity. As the Indian economy continues its upward trajectory and businesses embrace evolving work cultures, companies like UrbanVault are poised to capitalize on the sustained demand for flexible, amenity-rich workspaces.