UrbanVault, a leading managed and flexible workspace provider, has forayed into the Chennai market with a combined ~1,00,000 sq ft of workspace across three properties – Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road, says a release.
Chennai is UrbanVault’s seventh city, taking its national portfolio to more than 3 million sq ft across 80+ centres. The company expects its annual revenue to cross ₹350 crore in FY27, supported by continued expansion across major business markets and growing demand for managed and flexible workspaces.
“Chennai doesn’t need another operator pitching hospitality-grade lobbies. It needs workspace that is ready when businesses need it. That is the proposition we have taken to every city we have entered. Every city we’ve entered started as a bet. Chennai is the one we’re not hedging on, this is where we expect to build one of our largest clusters outside Bengaluru, not a side market we visit once a quarter,” said Amal Mishra, Co-Founder & CEO, UrbanVault.