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Avanta to launch Mumbai operations soonOverview
With plug-and-play offices becoming more robust in the real estate sector, Avanta India, a business centre provider, is looking to cash in on its popularity.
The company, which has five business centres in Delhi NCR, said it is planning add four more by next year.
“We will launch our Mumbai centre shortly. We are also looking at Pune, Bengaluru and Hyderabad,” Nakul Mathur, MD Avanta India said, adding that the company would invest ₹10 crore for its expansion.
Mathur said Avanta is also in talks with various developers to open business centres. “We have close to 1.25 lakh sq ft of space under operations currently and about 1,400 desks across the five centres which are operational. We lease out space for both long and short term,” he said.
Avanta provides a comprehensive set of services featuring multiple kinds of spaces and virtual as well as digital assistance. “We are looking to set up large office spaces (20,000 -30,000 sq ft) to suit the requirement of our clients,” Mathur said.
Business centres typically take space from developers and convert them into fully equipped serviced work spaces.
Mathur said a chunk of its client base was corporate and the balance from start-up segment.
Source: Coverage In The Hindu Business – By: BINDU D MENON Link: http://www.thehindubusinessline.com/news/real-estate/avanta-to-launch-mumbai-operations-soon/article9804791.ece
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