Flexible workspace provider Urban Vault expects to earn Rs 50 crore in revenue in FY 2026–27 from design, fit-out and facility management as large enterprises increasingly outsource turnkey office creation. The company cites a shift away from heavy upfront capital spending toward faster occupancy and simpler operations. Urban Vault recently delivered a fully operational Mumbai office for an IT services firm in 90 days, with a five-year facility management contract attached. The deal generated about Rs 25 crore upfront and recurring revenue near Rs 15 crore annually, lifting total contract value to nearly Rs 100 crore.
Realty firm Concorde has leased 1.4 lakh sq ft of prime office space in Bengaluru to BHIVE Workspaces under a 15-year agreement worth Rs 16 crore annually. The transaction, at Concorde Econex, will help BHIVE add over 3,000 seats and signals rising corporate demand for large, flexible, plug-and-play campuses in major tech hubs.
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