BHIVE Workspace leases 42,000 sq ft in Bengaluru
BHIVE Workspace, a managed office spaces firm, has leased 42,000 sq ft of Grade-A office space in Garudacharapalya, Mahadevapura in Bengaluru.
ET Guide to ITR
Which ITR form salaried taxpayer should use
What is the penalty for filing ITR after the July 31 deadline
ITR filing: Claim these 4 deductions to reduce your tax outgo
The new facility, located on the 7th floor of Summit B, is designed to support over 1200 seats. This marks the firm's second collaboration with Brigade Group, following the renting out of Summit A on the 8th floor of the same development.
«This new signing supports our strategic vision to enhance our presence across Bengaluru's key business hubs. The location's proximity to essential amenities and transport links like the Metro Station, which is just a minute’s walk away, positions us well to cater to top-tier businesses,” said Shesh Rao Paplikar, Founder and CEO of BHIVE Group.
BHIVE Workspace is expanding its managed office space portfolio by an additional one million sq ft during the current financial year as part of its broader strategy. “The company has already added two to three properties to its portfolio, significantly increasing its market presence”, he said.
The company projects a revenue target of Rs 348 crore for FY 2024-25, doubling its growth trajectory while maintaining profitability in the competitive managed office space market. This continued growth is supported by BHIVE Workspace's strong financial performance.
Currently, BHIVE Workspace has 27 managed offices and enterprise
