DLF, the real estate giant, plans a major entry into the co-work space business. It aims to lease 100,000 sq ft of prime commercial space, initially in the Delhi region and Chennai, to start-ups in the co-working sector over the next couple of years. And, is in talks with New York-based WeWork and other US and Europe-based co-work service entities.
“We are looking at the space. In the next five years or so, we believe it would be around five to seven per cent of (our) total rental revenue. We have had talks with foreign players; a lot of private equity players are interested in this space,” sources in DLF said.