INNOV8 ADOPTS '5 MINUTES TO METRO' STRATEGY AMID SOARING METRO TRAFFIC

Bengaluru's Whitefield metro, the country's first tech corridor connected by metro, sees an average daily ridership of 23,000. Hyderabad metro has witnessed a rise in ridership to over 470,000 passengers per day, while Chennai and Delhi metros have also experienced significant footfall. Metro stations in major Indian cities offer convenient parking spaces and connectivity to other modes of transportation, encouraging commuters to use the metro. Innov8 aims to provide premium co-working spaces near these transit hubs, offering uninterrupted connectivity and proximity to key locations such as airports and railway stations at an affordable price. With seven centers in Delhi-NCR and strategic locations in Mumbai's Andheri East, Innov8 caters to the needs of startups, established corporates, and other businesses.

New Delhi: Innov8, India's leading coworking startup, has announced its new strategy of focusing on locations near metro stations in top business cities across India. The company has observed high demand and occupancy rates of over 90% in its co-working centers located within a five-minute proximity to metro stations. With the return of work from office culture, employees prefer easy access to public transportation, especially metro stations, which has influenced companies' choices for flexible office spaces. The Mumbai metro line passing through suburbs like Andheri, Dahisar, Link Road, and Western Express highway has experienced a significant increase in ridership, with over 170,000 commuters in a single day.

Dr. Ritesh Malik, the founder of Innov8, emphasizes the advantages of setting up coworking spaces near transit locations, including increased access to talent, reduced commute time, improved work-life balance, and enhanced productivity. PankhuriSakhuja, the Business Head of Innov8, highlights the importance of convenient locations in saving time and money on commuting, ultimately contributing to businesses’ overall success and growth.