Hanto Workspaces Set to Expand Bengaluru Operations by 4 Lakh Sq Ft

Introduction

According to Realty Today, Hanto Workspaces, a flexible office space provider founded in 2019, has announced plans to significantly expand its Bengaluru operations by 4 lakh square feet by FY26. This expansion reflects the growing demand for flexible workspace solutions in India's tech capital.

Current Market Position and Growth Plans

As reported by Realty Today, Hanto Workspaces currently holds a 1.5% share of Bengaluru's flexible workspace market and maintains an impressive 86% occupancy rate with an annual recurring revenue of ₹40 crore. The company has been doubling its presence annually since its inception and serves 50-60 enterprise clients.

The Bengaluru flexible workspace market, which accounts for 30% of India's total segment spanning 20 million square feet, is growing at a 25% CAGR. Beyond Bengaluru, the company is exploring expansion into Chennai, Hyderabad, Mumbai, and Pune, with Pune showing particularly strong growth at 40% CAGR.

Strategic Vision

Founder Aashit Verma emphasized a calculated, phased approach to expansion rather than simultaneous multi-city growth. The company targets an IPO in 2028 with projected revenues of ₹500-700 crore, demonstrating confidence in the sector's continued growth.

Conclusion

Hanto Workspaces' expansion plans, as covered by Realty Today, highlight the robust growth potential in India's flexible workspace sector. With strategic expansion in Bengaluru and planned entry into other major cities, the company is positioning itself as a significant player in the evolving commercial real estate landscape.