South India presents a rising market for co-working space as Mybranch goes in for an expansion drive to meet growing demand
MyBranch, a leading provider of shared office space solutions, is on an expansion mode to service the growing demand for co-working space in South India.
MyBranch, which already has a presence in south India in cities like Hyderabad, Bangalore, Madurai, Chennai, Mangalore and Vishakapatam is further expanding its operations to cities like Warangal, Secunderabad, Vellore, Tirupati, Puducherry, Rajamundry, and Trichy.
The region’s thriving startup ecosystem and the growing demand for flexible work environments have fueled the rapid rise of co-working spaces, is the reason for this decision that will benefit professionals and businesses as the co-working mode gives flexibility, cost-effectiveness and collaborative atmosphere for the people.
These centers are spread across the total area of 40,000 plus sq. ft. with a seating capacity of 450 plus employees. With these added centers, MyBranch becomes one of the leading office space providers in terms of reach, in South India.
MyBranch’s expansion is well-positioned to cater to these evolving trends by introducing a diverse range of office options, including shared office spaces, lite offices, and fully managed office solutions. According to a recent CBRE report, the supply of office spaces in South India saw a substantial growth of 6% during the April-June 2023 period, with Hyderabad, Bengaluru, and Chennai emerging as the major hubs for absorption.
Kushal Bhargava, Co-Founder of the company said “We are thrilled to redefine co-working in South India with our strategic expansion across major cities. MyBranch is dedicated to empowering growth and productivity by offering flexible workspaces that cater to the diverse needs of professionals. Addressing the rising demand, we have opened new co-working spaces in thriving tech hubs, bringing our innovative solutions to a broader audience. Our fully furnished offices, customized layouts, and comprehensive services aim to create an inspiring work environment for our clients. We believe in nurturing a collaborative and creative community that drives success.”
He further added, “Amidst rapid expansion, India’s banks embrace co-working spaces as the strategic solution for fostering growth and accessibility nationwide”
Kushal highlights the positive impact of Indian government initiatives, such as the Smart Cities Mission and Digital India, on the co-working ecosystem, contributing to increased job opportunities and modern workspaces accessibility even in Tier 2 and Tier-3. Supporting these initiatives, MyBranch is present in most of the smart cities that the government has planned in south India.
MyBranch is actively working towards fortifying and enhancing their network, which at present covers 60 cities. The ambition is to expand to 100 cities by the end of the calendar year.