Instaoffice, a co-working space start-up, is going to launch a 5,000 sq. ft. co-working space in Sector 45 in Gurgaon which will have the capacity of 100 seats.
The company’s eight co-working office space is slated to be opened on May 25, 2017. Apart from this, it has planned to open its next co-working space with 140 seats in Okhla Phase II. The 9th co-working space will be completed in two phases by mid-June and Q2 of 2017-2018. The price range of both the centres is decided in a range of Rs 6,000 to Rs 10,000 per month per seat.
About 40 per cent of Instaoffice’s co-working space is given to start-ups on lease and rest 60 per cent is distributed among small medium enterprises (SMEs) and bigger companies. The average client retention period is of 9 months and the churn rate is less than 10 per cent.
“We have already identified three more spaces in NCR to start our centres and we plan to open them by the end of this year,” says Vikas Lakhani, CEO and Co-Founder, Instaoffice.
Source: ET Realty