Innov8 Expands Footprint in Delhi with State-of-the-Art 217-Seater Co-working Space

Co-working hub Innov8 launches a new center in Delhi's Aerocity with 9,500 sq ft and 217 desks, investing Rs 4 crore. The company aims to boost expansion in Central Business Districts and transit hubs.

Co-working firm Innov8 on Tuesday said it has opened a new centre, comprising 9,500 square feet of office space and 217 desks, at Aerocity in the national capital.

In a statement, Innov8 said it has invested Rs 4 crore towards the development of this co-working centre.

''Aerocity's central location and thriving business community made it a perfect fit for us as we expand across Central Business Districts and transit hubs in the city,'' Ritesh Malik, Founder of Innnov8, said.

Founded in 2015, Innov8 is currently spread across nine cities - Delhi, Gurugram, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad and Indore, with 30-plus centres.

According to real estate consultant Colliers India, the leasing of office space by flexible space operators declined 14 per cent in January-March to 1.8 million square feet from 2.1 million square feet in the year-ago period across Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. These operators garnered a 13 per cent share in overall India leasing during Q1 2024.