OYO’s Innov8 launches managed office spaces vertical
The company plans to expand its footprint by four million sq ft across India over the next three years
Innov8 has announced a strategic expansion in the managed office space sector. The company plans to expand its footprint by four million sq ft across India over the next three years, marking its most ambitious growth initiative to date. As part of this expansion, Innov8 will unveil its largest managed office space project in Mumbai. The expansion will focus on Grade A buildings, ensuring premium quality and state-of-the-art amenities for its clients.
Ritesh Malik, Founder, Innov8, stated, "This is an important milestone in Innov8’s growth and expansion. By entering the managed office space sector and undertaking this large-scale project in Mumbai, we're positioning ourselves to meet the evolving needs of businesses in one of India's most dynamic cities. We’ve had some early success here and we plan to replicate this across markets”
Pankhuri Sakhuja, Business Head, Innov8, added, "In 2024, India's managed office space sector is witnessing unprecedented growth, projected to expand by over 15-20 per cent year-on-year. This surge is driven by the rising demand for flexibility and cost-efficient solutions, with over 30 million sq ft of office space expected to be managed by leading operators. Innov8 stands out in the managed office space sector with its focus on creating premium, design-centric work environments tailored for productivity and collaboration. What sets Innov8 apart is its unique blend of aesthetics and functionality, offering fully customisable workspaces that cater to the needs of enterprises.”
