Urban Vault targets €5.3 million from fit-out and facility management division in FY27

Indian managed workspace provider Urban Vault has set a revenue target of ₹50 crore (€5.3 million) for its design, fit-out and facility management division in the financial year ending March 2027, citing accelerating enterprise demand for fully outsourced office solutions.

The Realty Today reports that the Bengaluru-headquartered company has identified a structural shift among large corporates and multinationals moving away from capital-intensive workspace construction in favour of turnkey partnerships that cover design, build and ongoing operations.

Urban Vault recently completed the fit-out and furnishing of a large office for a major IT services client in Mumbai, delivering a fully operational workspace within 90 days. The project generated upfront fit-out revenue of approximately ₹25 crore (€2.7 million) and secured a five-year facility management contract valued at roughly ₹15 crore (€1.6 million) annually, bringing total contract value to nearly ₹100 crore (€10.7 million).

"We are seeing strong interest from enterprises that want fully managed office solutions without the burden of investing time and capital in office construction and ongoing maintenance," said Amal Mishra, Co-founder and CEO of Urban Vault. "Our ability to design, deliver, and manage large offices within a short timeframe gives clients a faster and more efficient route to occupancy."

Urban Vault manages over 2.8 million square feet across 80-plus locations in Bengaluru, Pune, Gurugram and other major Indian cities. The company anticipates turnover exceeding ₹200 crore (€21.3 million) in FY2025–26, with year-on-year growth above 70 per cent.

Explore the full report on Urban Vault's fit-out and facility management growth strategy.