Coworking space provider UrbanVault has made its entry into the Gurugram office market by launching two new centers spanning a total area of 35,000 square feet.
The Bengaluru-based company announced on Monday that it plans to invest over ₹100 crore in expansion during the current fiscal year. The newly opened centers are located on Golf Course Road, Sector-54, Gurugram.
Amal Mishra, CEO of UrbanVault, said, “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 Rs 100 crore in 2025-26 to fuel our expansion across key commercial hubs in India.”
The two newly launched centers, located in Paras Twin Tower, Gurugram, offer a combined 35,000 square feet of Grade A workspace with around 700 premium seats, with pricing starting at ₹12,000 per seat.
UrbanVault also stated that it is actively exploring expansion opportunities in other high-potential micro-markets of Gurugram, including Sector 44, Udyog Vihar, and Golf Course Extension Road. Additionally, the company is planning to enter the Noida market in the near future.
“We are witnessing strong demand across all our markets and expect to close FY26 with an annual revenue run rate of over Rs 250 crore. Our growing pipeline of projects, backed by robust market fundamentals and customer trust, positions us well for sustained long-term growth,” Mishra said.
UrbanVault currently manages a portfolio of over 2.5 million square feet and 40,000 seats, providing customized workspace solutions tailored to businesses of all sizes. The company has an established presence in Bengaluru, Pune, and Gurugram.
On the potential of the Gurugram market, real estate consultant Vestian CEO Shrinivas Rao said, “Flex spaces have been a major driving force in the Indian office market lately. It accounted for 13 percent of the pan-India absorption in the past four quarters, with a significant contribution from Gurugram.”
As per Vestian data, nearly 14 lakh square feet of office spaces were leased by co-working operators in Gurugram last calendar year.
“The presence of high-quality Grade-A office spaces commanding premium rentals, coupled with substantial demand from major conglomerates and the rising prominence of GCCs, has significantly propelled the growth of flex spaces in Gurugram,” Rao added.
