Premium managed office space provider Skootr plans to add 1.5 million square feet of space in FY24 as demand for managed space has grown multi-fold since COVID subsided, the company’s cofounder Ankit Jain told ET.

Swedish telecom equipment maker Ericsson has signed pacts to lease up to 525,000 square feet of office space from Skootr at the Vatika One on One building in Gurgaon, in one of the biggest managed workspace deals in the country, three people aware of the development said.

Co-working firm Skootr has provided on lease 21,000 square feet office space to US-based Pinnacle at its new centre in Hyderabad.Real estate consultant Colliers India facilitated the leasing deal.

The pandemic has necessitated recalibration in every sphere of life – be it at a systemic level or an individual level. As the economy re-opens in a phased manner, businesses are reporting widespread changes in their functions as they adapt to a post-covid-19 ‘new normal’.

The COVID-19 pandemic has radically changed how and where business gets done. The success of an office project to make it serve as a communal space that can foster innovation, boost productivity, and promote collaboration is largely dependent on meticulous planning, allocation, and deployment of capital

Gurugram-based co-working startup has launched a new vertical 'Skootr FinSave' to offer a complete office solution for corporates. It has already booked business worth Rs 30 crore.

Rahul Sarin, National Business Head, Skootr FinSave explains how In a time when the managed office sector is continuously evolving and changing the way we perceive workspaces, Skootr Offices came up with a new venture Skootr FinSave, a financial service model offering 360-degree leasing solutions to large and mid-sized corporations.

Rajat Johar, Country Head, Skootr, says renting or leasing managed office spaces can be an added edge that an organisation needs to focus on core business function and improve operational efficiency.

India’s real estate industry witnessed a paradigm shift in the past decade and more so in the past year. Subsequently, there could be temporary disruption in recovery, and economic growth would be uneven across sectors and geographic regions. On the other hand, commercial real estate remained resilient and reflected healthy absorption for Grade A office space. Before the second wave of Covid, the market witnessed an increase of 5 % in the first quarter of 2021 compared to the Q4 of 2020. That said, the segment continues to see significant interest from investors.