In a significant boost to Pune’s growing co-working sector, 315Work Avenue has leased a 50,000 sq ft office space to METRO Global Solutions Center Pvt Ltd (MGSC) at International Tech Park Pune (ITPP) in Kharadi. This expansion marks another milestone for 315Work Avenue as it continues to meet the rising demand for flexible, scalable workspaces from major corporates.
Key Deal Highlights: 315Work Avenue – METRO Global Solutions Lease
About the Deal
- Location: International Tech Park Pune (ITPP), Kharadi
- Leased Area: 50,000 sq ft
- Tenant: METRO Global Solutions Center Pvt Ltd (MGSC)
- Workspace Provider: 315Work Avenue
- Developer of ITPP: Ascendas-Singbridge
- Property Type: Grade A Commercial
About the Park – ITPP, Kharadi
- Total Area: 2.5 million sq ft
- Location Advantage: Close proximity to Pune Lohegaon International Airport
- Significance: Positioned in Pune’s key North-Eastern IT corridor
Expansion Footprint of 315Work Avenue in Pune & Nationwide
315Work Avenue has significantly ramped up its presence in Pune, now managing six centres across:
- Total Area in Pune: 0.6 million sq ft
- Total Seats in Pune: ~12,000
- Developer Collaborations: Ascendas, Panchshil, and Raheja
Pan-India Presence:
- Total Managed Space: 3 million sq ft
- Total Seats Nationwide: 60,000
- Number of Locations: 45 across Bengaluru, Chennai, Hyderabad, Mumbai, and Pune
Industry Outlook: Flexible Workspaces on the Rise
As per JLL’s report, flexible workspaces constituted 20% of India’s total office leasing in 2024, with the sector projected to exceed 100 million sq ft across the top seven cities by 2026.
Quote from the Company
“We continue to see a significant rise in demand for co-working spaces from corporates of all sizes as flexible workspace has become a key component in their real estate portfolio to enhance employee productivity, foster collaboration, and optimise operational costs. Our recent expansions, including significant leases in multiple cities, highlight our commitment to meeting the rising demand,” said Manas Mehrotra, Founder, 315Work Avenue.
Quick Facts Table
| Particulars | Details |
|---|---|
| Tenant | METRO Global Solutions Center Pvt Ltd |
| Leased Area | 50,000 sq ft |
| Workspace Provider | 315Work Avenue |
| Location | ITPP, Kharadi, Pune |
| ITPP Developer | Ascendas-Singbridge |
| Total Area of ITPP | 2.5 million sq ft |
| 315Work Avenue’s Pune Presence | 0.6 million sq ft (12,000 seats) |
| National Footprint | 3 million sq ft, 60,000 seats, 45 locations |
FAQs
Q1: Who is the new tenant at 315Work Avenue’s Kharadi centre?
A: METRO Global Solutions Center Pvt Ltd, the internal solutions arm of METRO, has leased the space.
Q2: Where is the newly leased space located?
A: At International Tech Park Pune (ITPP), a premium commercial development in Kharadi.
Q3: How large is the leased office space?
A: 50,000 square feet.
Q4: What is the scale of 315Work Avenue’s operations in Pune?
A: The company operates six centres across 0.6 million sq ft, offering around 12,000 seats.
Q5: What trends are driving the demand for co-working spaces in India?
A: Flexibility, cost optimization, and a collaborative environment are key drivers, with corporate demand rising significantly.