Investors Clinic, India’s one of the leading real estate consultancy company has signed a 50:50 JV with Kocreate to enter into co-working spaces. The new company Kocreat has been formed to take the JV ahead. Both the companies are bringing together a capital of INR 5O Million each for the initial phase.
The innovative idea of venturing into co-working space is the brain child of Honeyy Katiyal, wherein; Investors Clinic will bring in the spaces through exclusive tie-ups with builders and Kocreate already an established player in managing state of the art premium co-working spaces will bring the operational excellence in creating and running the centres. The model with the developers is devised on the basis of partnership. The model is expected to create a stream of cash flows for the developers when the funding has gone dry in the past few quarters.
On the occasion, Founder of Investors Clinic, Honeyy Katiyal said, “I have been watching the growth of co-working spaces steadily in the last 3-4 years. We have been trying to expand our business operations and Co-working is the next big leap we are taking now. We have been delivering excellence through our services in housing real estate to our partners, consumers and builders. It will be an extension of present services where we will offer exclusive profitable ventures to our partners.” & plans to open 5000 new seats in Delhi NCR to bolster their pledge
Nitin Gupta, Co-founder of Kocreate said, “We have achieved the profitable running of co-working spaces in last three years. The JV with Investors Clinic will bring in a win-win situation for both the parties when we will look at business expansion and Investors Clinic will venture into a new aspect of real estate. All coworking spaces by Kocreat will be state of art, AI enabled & Covid-19 compliant. We already have two centres which we are running in Noida, under the brand name Kocreate.”
Echoing the sentiments and mottos of the company Nitin Gupta said, ‘This corporate expansion is more than us just flexing our muscles. It is an opportunity to add new dimensions to KOCREATE. We want to ensure that no budding entrepreneur in the city to be devoid of a great platform to launch their dream venture.’