Young entrepreneur sets up ‘functional’ co-working facility

 Reddy, who had her initial academic stint in the city and spent a major part of her life in New York City, has now started a realty venture with co-working spaces at the heart of it.

“My notion of an office was to provide an inviting yet unique ambience with a certain amount of sophistication. Of course, the word play is the core,” she says, disclosing her penchant to pun around technology.

No surprise then that her pet venture branded F215, having a tagline ‘works for you,’ came into existence in the upscale Anna Nagar area of the city. “The F2, as you will note, is after the function key in the keyboard. This was a family property that I wanted to transform into a space or a community that will accommodate diverse interests. So, if the space is available for art exhibitions or yoga or Zumba classes or even stand-up comedy sessions as and when required, don’t be surprised. We provide the facility for cutting-edge banking operations or such serious kind of functions too during any day,” says Reddy.

She goes on to tell us what drew her to Chennai, of all places, “My grandparents live here and I have always shared a special bond with them.” On a serious note, it is the musician or rather the rapper in her that has been a constant motivator to combine art and commerce in an innovative format.

“We have invested Rs 1.5 crore in this project and it has taken over 1.5 years to develop it into a co-working facility with a USP,” she says, even while she claims that it is the only such co-working format available in that marquee location. Private offices – 64 and co-working desk space – 24 are the components of her start-up, where the monthly rentals per desk ranges from Rs 11,000 to Rs 13,000. The private office is typically 15-seat facility, Reddy says.

Quiz her about the lull in realty landscape especially in the city and the concept of co-working space infrastructure not seemingly a gainful proposition, and her response is, “I am upbeat about the market. Contrary to the belief that those scouting for space are migrating from the metro to other neighbouring cities, I would say it is two-way as we have situations of those seeking to set up their operations here. When I choose to expand, it will be in Chennai only.”