Synq.Work Announces Massive Expansion Plans to Cater to Growing Demand
In a move to address the increasing demand for flexible and managed office spaces, Synq.Work, one of India’s leading managed office space providers, has unveiled ambitious expansion plans. The company aims to significantly increase its seating capacity and office space area, allowing for a larger community of professionals to thrive in the ever-evolving business landscape.
Expanding Seating Capacity and Office Space Area
Synq.Work plans to expand its current seating capacity from 3,200 to an impressive 12,000 seats by December 2025. This means an additional 8,800 seats will be added to cater to the growing demand for coworking and managed office spaces. Additionally, the company intends to increase its office space area from 400,000 sq. ft. to 1,000,000 sq. ft. with a strategic investment of Rs. 60 Cr.
Enhanced Offerings and Exponential Growth
Acknowledging the shift in workspace preferences, Synq.Work has built a strong reputation based on its state-of-the-art managed office spaces, private offices, and flexible coworking spaces. With 16 offices already established in the Delhi NCR region, the company has achieved remarkable success.
Driven by the positive market response, Synq.Work is now set to expand its presence beyond Delhi NCR and enter new metro cities such as Bangalore, Pune, and Hyderabad. This strategic move will provide more professionals in these cities with access to top-quality office spaces and services.
Achieving Success and Future Plans
Rahat Bhagat, Co-founder of Synq.Work, expressed excitement about the upcoming expansion. He emphasized the tremendous growth in the coworking industry and highlighted Synq.Work’s ability to stay ahead of the competition. The company strives to offer innovation-driven work environments that foster collaboration and entrepreneurship.
Furthermore, Synq.Work aims to set a new standard for managed office spaces by focusing on customer service, community building, and sustainability. With successful strategic partnerships with Fortune 500 companies, multinational corporations, and startups, Synq.Work delivers customized enterprise solutions to prominent clients.
Synq.Work’s Journey So Far
Since its establishment in 2018, Synq.Work has made significant strides in the industry. Within its first year of operations, the company achieved an impressive 90% occupancy rate. Currently, Synq.Work operates over 3,500 live seats across 13 facilities, with more than 600 work-in-progress spaces in Quarter 1 of FY2024.
With aggressive expansion plans in place, Synq.Work aims to maintain its robust growth trajectory and continue providing professionals with exceptional office spaces and amenities.
Conclusion
Synq.Work’s announcement of expansive growth comes as a welcome solution for businesses and professionals seeking flexible and managed office spaces. With plans to increase seating capacity, office space area, and enter new cities, Synq.Work demonstrates its commitment to adaptability, innovation, and customer satisfaction. As the company ventures into new territories, it aims to redefine the standards for managed office spaces, facilitating the success of businesses in an ever-changing landscape.
