Bengaluru-based managed workspace provider Urban Vault (UV) has announced a major expansion in Pune with the launch of two new premium centers — Baner Central and Phoenix Fountainhead, Viman Nagar — adding 2,500 seats across nearly 1 lakh sq. ft. of Grade-A workspace.

With this expansion, Urban Vault’s total Pune portfolio has grown to 3,500 seats across 1.4 lakh sq. ft., spread across three strategic locations: two in Baner and one in Viman Nagar. The move strengthens the company’s position in Pune’s fast-growing managed office and flex space segment, driven by strong enterprise demand and hybrid workspace adoption.

Strong Enterprise Demand Driving Growth

Urban Vault has taken up 42,000 sq. ft. at Phoenix Fountainhead, Viman Nagar, adding 1,200 seats in a high-demand commercial zone. The new center has already onboarded enterprise clients such as Flexisales and Premier Energies, highlighting the increasing traction among corporates seeking flexible, high-quality managed spaces.

In Baner, the company has added another 50,000 sq. ft. center at VJ Indiworks, Baner Central, offering 1,300 seats designed for both startups and established firms. The workspace features collaborative zones, premium meeting rooms, and customizable private suites to accommodate diverse team needs.

Baner and Viman Nagar Emerge as Flex Space Hubs

Baner and Viman Nagar have emerged as Pune’s top-performing micro-markets for managed office operators, owing to robust infrastructure, IT presence, and proximity to residential catchments.
Urban Vault’s new centers are positioned to cater to mid-size enterprises, IT firms, and startups seeking plug-and-play, cost-efficient work environments with premium amenities.

The company’s Pune workspaces are priced between ₹9,000–₹10,000 per seat, balancing affordability with Grade-A quality.

CEO Speaks: “Pune Is Among India’s Most Resilient Office Markets”

Commenting on the expansion, Amal Mishra, CEO of Urban Vault, said:

“Pune continues to be one of India’s most dynamic and resilient office markets, driven by a strong base of IT, manufacturing, and startup ecosystems. Our expansion at Baner Central and Phoenix Fountainhead reinforces our commitment to providing flexible, high-quality workspaces that cater to the evolving needs of modern enterprises.”

He added that Urban Vault aims to deepen its presence in key business hubs and strengthen partnerships with enterprise clients seeking scalability, efficiency, and flexibility.

National Expansion and Strong Financials

With this launch, Urban Vault’s national portfolio has expanded to 2.6 million sq. ft., managing over 45,000 seats across Bengaluru, Pune, Gurgaon, and other cities.

The company reported a ₹120 crore turnover in FY25, marking over 70% year-on-year growth and an 18% profit after tax (PAT), underscoring its strong financial position and operational scale.

Industry Context

Pune’s managed office space market has witnessed rapid growth post-pandemic, led by demand from enterprises seeking flexibility, managed services, and scalability without capex commitments.
Urban Vault’s latest expansion aligns with this trend, positioning the firm as a key player in Pune’s premium workspace segment alongside operators such as WeWork, Smartworks, and Tablespace.

Also Read: Managed Co-Working Player Urban Vault to Add 10,000 Seats in Bengaluru within This Quarter

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