Avanta India to open four business centers by 2018Overview
NEW DELHI: Avanta India, a business centre provider, is planning to open four business centers in Bengaluru, Mumbai and National Capital Region by 2018.
The company is in talks with major developers such as DLF and Piramal Realty to open these centers.
In Mumbai, the company is looking to start its operations in the Bandra-Kurla complex (BKC) and Lower Parel. “We have allocated an investment of Rs 100 million to meet the initial infrastructural requirements in Mumbai. We are looking for a 20,000-30,000 sq ft of space for the business centers,” says Nakul Mathur, managing director of the company.
The company plans to be present in the medium to high-end segment and will be looking for larger spaces.
Avanta is also in talks with two Fortune 500 companies to design and manage complete spaces for them, says Mathur.
Almost 90% of the current clients of the companies are corporate while rest 10% includes SMEs, funded and startups. The company plans to change this ratio to 80: 20 in coming years.
By: ET Realty – Ankit Sharma