91Springboard Expands Presence in Hyderabad with 48,000 Square Feet Co-Working Space

91Springboard, one of key players in India’s co-working sector, has announced the leasing of a 48,000-square-foot office space in Hyderabad, highlighting its commitment to expanding in high-demand markets. This strategic move is aimed at addressing the increasing need for flexible workspace solutions in a city known for its vibrant tech scene and growing business ecosystem.

Hyderabad: A Rising Hub for Co-Working

In recent years, Hyderabad has emerged as a prominent destination for startups, SMEs, and established corporations. The city’s business-friendly environment, skilled workforce, and relatively lower operational costs compared to other major cities like Bengaluru and Mumbai make it an attractive location for businesses seeking modern office spaces. 

The demand for co-working spaces in Hyderabad has surged, particularly due to the post-pandemic shift towards hybrid working models. Companies are increasingly favouring flexible office arrangements that allow them to scale operations without committing to long-term leases. This trend aligns with the broader growth of the co-working industry across major Indian metros, which has found strong resonance in Hyderabad’s expanding business landscape.

Strategic Plans of 91Springboard

91Springboard’s decision to establish a significant presence in Hyderabad is part of its broader strategy to scale its operations across India. With over 30 existing hubs in cities like Mumbai, Bengaluru, Delhi, and Pune, the company is poised to capitalize on Hyderabad’s status as a burgeoning startup and technology center.

The new facility will feature state-of-the-art amenities designed to foster innovation, collaboration, and productivity. This includes private offices, shared workspaces, high-speed internet, meeting rooms, event spaces, and breakout areas. The workspace is anticipated to cater to a diverse clientele, including startups, freelancers, SMEs, and larger corporations looking for short-term or satellite office solutions.

This expansion underscores 91Springboard's dedication to providing scalable and cost-effective workspace solutions tailored to the evolving needs of modern businesses. As work patterns shift, the company aims to meet the demands of businesses seeking adaptable office environments without the constraints of traditional leasing models.

Hyderabad's Commercial Real Estate Landscape

The commercial real estate market in Hyderabad has witnessed remarkable growth over the last decade, particularly in sectors such as IT, pharmaceuticals, and financial services. The city’s infrastructure development, favorable business policies, and access to a talented workforce have established it as a key player in India’s commercial real estate sector. 

Availability of Grade A office spaces and comparatively lower rental costs have further contributed to the region's growth. The rise of co-working spaces in Hyderabad mirrors global trends, with many companies opting for flexible work environments in the wake of the pandemic. Co-working spaces provide businesses with short-term leases, flexibility in office size, and access to modern amenities—factors that are increasingly prioritized by companies aiming to optimize operations.

91Springboard’s entry into the Hyderabad market comes at an opportune moment, as the city continues to attract startups, especially in sectors like fintech, healthcare, and edtech. Moreover, large corporations are establishing satellite offices in Hyderabad to embrace decentralization, driven by the necessity for flexibility and cost-efficiency.

The Future Outlook for Co-Working Spaces in India

The co-working sector in India has experienced significant growth, with projections indicating that demand for co-working spaces will rise by 15-20% annually. This growth is fueled by the increasing prevalence of the gig economy, freelancers, and startups, particularly in tier-1 cities like Hyderabad, where high-quality infrastructure and a vibrant business ecosystem are readily available.

91Springboard, with its extensive experience and established network, is strategically positioned to benefit from these industry trends. By expanding into Hyderabad, the company is not only entering one of India’s fastest-growing commercial markets but also reinforcing its position as a leader in the co-working space sector.

As more companies—both large and small—continue to prioritize flexibility and collaboration in their office environments, 91Springboard’s co-working hubs are set to play an increasingly pivotal role in shaping the future of work in India.

Image source- 91springboard.com