Bengaluru-based Urban Vault, a managed flexible workspace provider, has leased approximately 50,000 sq. ft. of premium office space at Prestige Obelisk on Kasturba Road, located in the city’s Central Business District (CBD). Spanning three floors, the new facility will offer nearly 1,000 seats, catering to enterprise clients seeking high-end, centrally located workspaces.
The expansion aligns with Urban Vault’s broader strategy of partnering with high-quality real estate assets to meet rising demand for flexible work environments in core urban centres. With Bengaluru continuing to lead the country in office space absorption—particularly in the managed and flex segments—the new addition strengthens the company’s position in the market.
Amal Mishra, Founder and CEO, Urban Vault, commented: “Our expansion into Prestige Obelisk reinforces our commitment to deepening Urban Vault’s footprint in Bengaluru’s CBD. This iconic property reflects the standards we strive for—prime location, architectural excellence, and unmatched client experience. As demand grows for premium managed workspaces, we’re focused on bringing world-class infrastructure to India’s top business districts.”
The Prestige Obelisk property, developed by Prestige Group, is a Grade A commercial building with modern amenities and 24×7 security. The location offers close proximity to government institutions, commercial hubs, and luxury hospitality outlets—positioning it as a strategic choice for businesses looking to establish a presence in one of Bengaluru’s most prominent business addresses.
Urban Vault has leased the new space from KRPL Ventures LLP co-founders Mr. Zackria Hashim and Mr. Sadath Ali Kahan, who own multiple floors in the building. Zackria Hashim, Co-Founder and Director, KRPL Ventures LLP, said, “We’re pleased to welcome Urban Vault to Prestige Obelisk. Their consistent focus on premium, flexible workspaces aligns well with our vision of providing best-in-class commercial real estate.”
Sadath Ali Kahan, Co-Founder and Director, KRPL Ventures LLP, added, “This collaboration enhances the prestige of our landmark property and reaffirms the strong demand for managed flexible offices in Bengaluru’s Central Business District.”
Founded in 2018, Urban Vault has grown from a 40-seat operation to managing over 30,000 desks across multiple cities and more than 2 million sq. ft. of office space. The company remains bootstrapped, having opted for self-funded growth to retain operational control. In FY 2024–25, it posted a turnover of ₹120 crore, with an 18% profit after tax and 30% EBITDA, reflecting its focus on sustainable profitability.
Image: For representation only
