Inspire Co-Spaces leases 20,000 sq ft in Ahmedabad to open co-working centre

Flexible office space provider Inspire Co-Spaces has entered into an agreement to lease 20,000 sq ft space in commercial real estate project Westgate on Ahmedabad’s SG highway to start a coworking centre.

The proposed hub will be a 300-seater co-working hub in addition to Inspire Co-Spaces’ existing four centers in Mumbai with over 5,000 seats. The company plans to double the seats by 2022 in different cities in India.

“We plan to invest over five crores to build the first flagship center in Ahmedabad city. We further have plans to expand to tier 2 cities like Kochi, Indore, Lucknow, etc., in the next 3 to 6 months’ timeframe. We see good traction in the workspace and are excited to see the rapid economic advancement in the coming years,” said Nisshith Agarrwal, Founder and Director of Inspire Co-Spaces.

The co-working company has earlier received an investment of $4 million from an angel investor, Ashish Chandna, which they are using strategically to expand their footprint in all tier 1 and tier 2 cities.

“Ahmedabad is in the top 10 industrial corridors for co-working spaces. Underlining the potential in Ahmedabad, post-Covid many companies, organizations, and entrepreneurs prefer co-working spaces; hence we are confident that this launch will meet the demand for co-working space. Before going live, more than 50% of seats have been occupied. This workspace is designed to maintain recommended safety and hygiene standards to enable a healthy and safe work environment,” said Amit Sathe, Director, and Founder of Inspire Co-Spaces.

This first center in Ahmedabad will be operational by mid-June. Post-Covid, many SMEs, corporates, and entrepreneurs are looking for hybrid workspace arrangements with less risk and minimum investment.