Gopalan Enterprises, a Bengaluru-based conglomerate involved in real estate, aerospace, hospitality, and education, plans to increase the capacity of its flexible workspace business unit, Gopalan Workspace, by an additional 4 million square feet by the conclusion of 2025.
This expansion will result in a total workspace area of 12 million sq ft spread across Bangalore and Mysore, integrating 5 new centers to bolster Gopalan Workspaces' presence in these cities.
“The demand for office spaces in India is at an all-time high. Bangalore’s thriving startup ecosystem and the influx of Fortune 500 companies are key drivers. Our aim is to provide high-quality, flexible office solutions that cater to diverse business needs,” said C. Prabhakar, Director of Gopalan Enterprises.
The investment aligns with the current trend in how companies and enterprises are approaching office space in India.Gopalan Workspace currently serves an clients including top Fortune 500 companies. The company intends to invest 100 crore to achieve its target and enhance its capacity to meet the increasing demands of businesses.
A recent study indicates that the coworking and office space market in India is projected to grow at a CAGR of 15% from 2023 to 2028, highlighting the opportunity that it presents in the market.
“In recent years, the trend of establishing work spaces within shopping malls has become increasingly popular, providing numerous benefits including increased foot traffic, enhanced visibility, and integrated amenities that attract both startups and established enterprises. Gopalan Workspace pioneered this trend, being the first to launch a coworking space in our malls in Bangalore. Since that initial venture, we have experienced significant growth, developing state-of-the-art facilities in prime locations throughout Bangalore and Mysore.”,he added.
Founded in 1984 by renowned architect C. Gopalan, Gopalan Enterprises, the parent company of Gopalan Workspace, has established itself as a cornerstone of architectural excellence and innovation in India. Over the past four decades, Gopalan Group has successfully delivered millions of square feet of premium residential, commercial, and retail developments.
This expansion will result in a total workspace area of 12 million sq ft spread across Bangalore and Mysore, integrating 5 new centers to bolster Gopalan Workspaces' presence in these cities.
“The demand for office spaces in India is at an all-time high. Bangalore’s thriving startup ecosystem and the influx of Fortune 500 companies are key drivers. Our aim is to provide high-quality, flexible office solutions that cater to diverse business needs,” said C. Prabhakar, Director of Gopalan Enterprises.
The investment aligns with the current trend in how companies and enterprises are approaching office space in India.Gopalan Workspace currently serves an clients including top Fortune 500 companies. The company intends to invest 100 crore to achieve its target and enhance its capacity to meet the increasing demands of businesses.
A recent study indicates that the coworking and office space market in India is projected to grow at a CAGR of 15% from 2023 to 2028, highlighting the opportunity that it presents in the market.
“In recent years, the trend of establishing work spaces within shopping malls has become increasingly popular, providing numerous benefits including increased foot traffic, enhanced visibility, and integrated amenities that attract both startups and established enterprises. Gopalan Workspace pioneered this trend, being the first to launch a coworking space in our malls in Bangalore. Since that initial venture, we have experienced significant growth, developing state-of-the-art facilities in prime locations throughout Bangalore and Mysore.”,he added.
Founded in 1984 by renowned architect C. Gopalan, Gopalan Enterprises, the parent company of Gopalan Workspace, has established itself as a cornerstone of architectural excellence and innovation in India. Over the past four decades, Gopalan Group has successfully delivered millions of square feet of premium residential, commercial, and retail developments.
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