Hanto Workspaces to Add 4 Lakh Sq Ft in Bengaluru by FY26, Eyes Multi-City Expansion

Introduction

In a significant move that underscores the growing demand for flexible workspace solutions in India, Bengaluru-based Hanto Workspaces has announced ambitious expansion plans targeting 4 lakh square feet of additional workspace in the city by FY26. Founded in 2019, the company has consistently doubled its presence year-on-year and is now setting its sights on strategic expansion into major metropolitan markets including Chennai, Hyderabad, Mumbai, and Pune. With the flexible workspace sector experiencing robust growth driven by hybrid work models and enterprise demand, Hanto's expansion strategy positions it to capitalize on one of India's fastest-growing real estate segments, as reported by The Hindu BusinessLine.

Bengaluru currently represents approximately 30 percent of India's total flexible workspace market, which spans roughly 20 million square feet. Hanto Workspaces holds around 1.5 percent of this market share but is positioned for significant growth across multiple Indian cities. "Pune and Mumbai are emerging as major zones for expansion," noted Aashit Verma, Founder of Hanto Workspaces.

The growth potential is particularly compelling in emerging markets. While Bengaluru's flex workspace market is growing at a CAGR of around 25 percent, Pune is expanding at an impressive 40 percent CAGR. This demand-driven expansion is being fueled by Hanto's existing enterprise client base, with companies specifically requesting centers in Pune and Hyderabad. The company currently serves 50-60 enterprise clients.

Despite ambitious growth plans, Verma emphasized a measured approach to expansion. "As a single-city operator right now, we don't plan to expand across all regions at once," he explained. "Real estate is a hyper-local sector, requiring deep local knowledge to operate successfully."

Hanto Workspaces is targeting an IPO debut for 2028, with projected revenues of ₹500-700 crore. The company currently maintains an occupancy rate of 86 percent and an annual recurring revenue (ARR) of ₹40 crore. "Our ARR has grown by 50 percent, and we anticipate further scaling in the coming years," Verma stated.

Conclusion:

Hanto Workspaces' expansion blueprint reflects the maturation of India's flexible workspace industry and the increasing acceptance of hybrid work models among enterprises. By maintaining a disciplined, market-focused approach while pursuing aggressive growth targets, the company aims to establish itself as a major player across India's key business hubs. With strong financial metrics, a solid enterprise client base, and clear visibility toward its 2028 IPO, Hanto Workspaces is well-positioned to capture significant market share in one of India's most dynamic real estate sectors. As demand for flexible, high-quality workspace solutions continues to surge, the company's strategic expansion into high-growth markets like Pune and Hyderabad could prove pivotal in achieving its ambitious revenue projections and establishing pan-India presence. This development, highlighted in The Hindu BusinessLine, marks an important milestone in the evolution of India's flexible workspace ecosystem.