A range-bound movement in the benchmark indices implied subdued investor sentiment. With an overall weak sentiment, shares of the company were trading 0.1 percent higher at Rs 476.05 on the BSE at 9:39 am.
“We had conceptualised BuzzWorks as a value-added service for our office occupiers who were looking for flexible office space,” said Nirupa Shankar, Joint Managing Director, Brigade Enterprises.
She said the company will be more than doubling the number of seats this year to meet the increased demand. “Prior to Covid, the flexible office space market absorbed only 5-7 percent of the total office take up. However, in this post-Covid era, 25 percent of the office leased market is taken by managed office/flexible office players,” added Shankar.
In FY24, BuzzWorks will add seats in Bangalore, Kochi, Chennai and GIFT City, the company said.