Dwaraka opens co-working space for startups in Hyderabad
Successfully completes 13 office space projects till date; Plans to have 5 lakh sft office space under its operation by March 2024
image for illustrative purpose
Hyderabad: Dwaraka Infrastructure, which is into the office space segment, has on Monday opened Dwaraka Pride, an exclusive co-working space for startups. Located at Madhapur, the centre has a seating capacity of 620 seats.
"With this, we completed 13 projects with a total of 3.2 lakh sft office space in the city. Our seating capacity has now increased to 6,500", said RS Pradeep Reddy, Managing Director, Dwaraka Infrastructure. He spoke to the media along with company's Director Dr Deepna Reddy.
According to Reddy, over 100 companies established their offices in DwarakaInfra's projects. The company's major clients include Swiggy, Ram Info, Tanla Solutions and Medicover Hospitals.
As office space near metro stations is in demand now, the company is majorly focusing on such locations, he added.
He further said that his company is aiming at completing six new projects with a total office space of two lakh square feet and 4,500 seats, by March 2024. With this expansion, the company's office space base will increase to 5.2 lakh square feet and the total seating capacity will go up to 11,000 seats.
Speaking on the occasion, Dr Deepna Reddy said Dwaraka Infrastructure is present in plug-and-play, co-working and serviced office space segments. "Ups and downs are common in the IT sector. So, we are adopting a flexible approach as long-term agreements are a burden on the clients. This way, our clients can reduce the number of seats depending on their requirement even after signing an agreement with us. We are known to offer premium services at affordable prices. Our interiors are also of premium quality. Further, we offer discounts to women entrepreneurs," she explained.
Beginning with 250-seat capacity in the first year of its operations in 2016, Dwaraka Infra increased its capacity by four times by 2018. Its total office space reached 1.6 lakh sft and total seating capacity increased to 3,000 by 2020.
"Though the office space segment registered a contraction during the Covid pandemic, Dwaraka Infrastructure could double its capacity during that period. Instead of independent buildings, IT companies are now opting for office space that offers convenience and flexibility. Hybrid mode of working is also helpful for us", said Pradeep Reddy.
