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IWG expands footprint in Rajasthan and Punjab to meet growing regional demand for flexible workspace

 – Signs first franchise deal with JaipurBulls announcing the launch of new Regus centre in Rajasthan

– Signs second franchise deal with HAND Group in Punjab

 

July 13 2021: – IWG, the world’s leading flexible workspace organisation has secured new franchise partners in Rajasthan and Punjab based out of Jaipur and Mohali, to meet the growing demand for flexible workspaces in Tier 2 cities. Partnering with franchise partners is central to IWG’s strategy to scale up to meet the burgeoning demand for flexible, local office spaces as companies of all sizes embrace hybrid work patterns. New workspaces to offer more than 150 seats per centre of an approximate area of 10000 sq. ft.

Highlighting the expansion, Harsh Lambah, Country Manager India, Vice President Sales, South Asia said, “We are excited about expanding into Rajasthan and Punjab, two of north India’s most important regional business hubs. Our franchise model offers partners the unique opportunity to make an attractive, high-yield investment that combines the know-how of the market leader along with deep-rooted local expertise. JaipurBulls and Hand Group, two rapidly growing business conglomerates with diversified interests in these two regions are ideal partners to expand our footprint in these regions.”

“Businesses ranging from big corporates to small start-ups are turning to flexible workspaces to adopt the hybrid model of working. Partnering with IWG with its industry leading brands including Regus and Spaces was the obvious choice as they are, in addition to being a trusted brand globally, also the fastest growing flexible workspace provider in the country. This partnership is a step forward in meeting the growing flexible workspace demand in Rajasthan,” said Mr. Gaurav Sharma, Executive Director, JaipurBulls.

Aditya Gupta, Managing Director, HAND Group said, “We are excited to partner with IWG, a global leader in flexible workspaces, as we are witnessing a surge in the demand for flexible spaces in suburban markets. Companies are leaning towards a more employee centric approach and are implementing a slew of workspace concepts that ensure employee satisfaction, enhance productivity and reduce commuting. Our partnership with IWG will go a long way in addressing this growing demand.”

Recently, IWG announced a record start to 2021, adding a million users to its network including penning the largest ever deal with NTT, Nippon Telegraph and Telephone Corporation. The deal will provide NTT’s 300,000 employees with access to more than 3,500 IWG workspaces, globally.

Regus now offers franchisees an opportunity to support and develop their property investment portfolio – offering a choice of office styles and products. The locations opened are typically no smaller than 10,000 square feet either in stand-alone or multi-let buildings with over 130 workstations. With only one or two people needed for oversight, day-to-day business management is easier, while still providing 24/7 client support.

Ideal IWG franchise partners must have the ability to operate and grow within a branded framework and open multiple centres across the contracted territory over a two-to-five-year period. The opportunity suits a range of businesses, from seasoned franchise professionals and entrepreneurs to building-owners and investor partners.

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