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Inspire Co-Spaces rents 20,000 sq ft to open co-working centre

Wednesday, 16 Jun 2021
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Inspire Co-Spaces has entered into an agreement to lease 20,000 sq ft space in commercial real estate project Westgate on Ahmedabad's SG highway to start a co-working centre. 
 
The proposed project will be a 300-seater co-working hub in addition to Inspire Co-Spaces’ existing four centres in Mumbai with over 5,000 seats.
 
The company plans to double the seats by 2022 in cities across India.
 
The company plans to invest over Rs five crore to build the first flagship centre in Ahmedabad in Gujarat. Further, it has plans to expand to Tier-2 cities like Kochi, Indore, Lucknow, etc in the next three to six months’ timeframe.
 
The co-working company has earlier received an investment of USD four million from an angel investor, Ashish Chandna, which they are using strategically to expand their footprint in all Tier-1 and -2 cities.
 
This first centre in Ahmedabad will be operational by mid-June 2021.
 
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