Kovorks teams up with Marvel Infrabuild to establish coworking facility in B'lore

March 21, 2020
Share this Post: 

Kovorks, a flexible office company based out of the United States, announced recently that it will be teaming up with Marvel Infrabuild to establish the biggest co-working site within India. The announced site will have around 25,000 desks.

The proposed luxury co-working facility in Whitefield main road will be spread over 15,000,00 square feet. Kovorks currently operates flexible offices across 7 locations in the US and Malaysia.

“India’s co-working segment has seen remarkable growth in recent years and is now a catalyst of sorts for modern workspaces. We desire to create a new design for workspaces and disrupt the conventional office leasing demand and supply equation. The goal is to change the language of commercial real estate booking from per-square-foot to per-seat-per-desk,” said Mallikharjuna Upputuri, Director of Kovorks India.

In the first phase, Marvel plans to add 1,60,000 square feet, of flexible space in Whitefield. The second phase totaling to 1.5 mm square feet will be completed by 2023.

Additionally, Marvel Infrabuild plans to develop 3 mn square feet of commercial space targeting Co-working and Coliving operators in the next 3 to 5 years under the brand name Marvel Innovminds.

Read more here

March 21, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Costar Q1 2024 Feat
CoStar Group Q1 Results: Homes.com Drives 12% Year-on-Year Revenue Growth to $656 Million

CoStar Group has released strong financial results in the same week that it announced its intention to acquire Matterport for...

Read More
Hemnet Feat
Hemnet Q1 2024: Strong Performance Across the Board for Swedish Market Leader

Swedish market leader Hemnet has revealed impressive results for the first three months of 2024, recording healthy double-digit growth YoY...

Read More
Costar Matterport
CoStar Group to Acquire Tech Firm Matterport for $1.6 Billion

CoStar Group has announced it will acquire the industry-leading real estate tech firm Matterport for $1.6 billion subject to shareholder...

Read More
Shutterstock 181374380
FangDD Full Year Financial Results for 2023: Net Losses Shrink as Revenues Rise

Chinese portal FangDD has released its full-year financial results for 2023, with optimism despite China's slow recovery post-pandemic. Highlights include:...

Read More

Editor's Pick