EFC (I) Ltd expands Pune Presence with New 95,897 Sq. Ft. Managed Office Facility at Koregaon Park Annex

EFC (I) Limited ("EFC" or the "Company"), a Real Estate as a Service (REaaS) company, has further strengthened its managed office portfolio in Pune through a fresh long-term lease of 5 years, with a revenue potential of more than INR 70 crores.

The Company has taken on lease the entire building, comprising a total floor area of 95,897 sq. ft. The new facility is expected to add 2,000+ seats to EFC's managed office seat portfolio. Being an A+ category building and with the entire building under EFC's control, the facility provides the Company with greater control over operations, branding, customer experience, space utilisation and margin optimisation.

Strengthening EFC's Pune Platform

The addition of this large-format facility further strengthens EFC's managed office platform in its home market of Pune and provides additional capacity to serve the growing demand for professionally managed, technology-enabled and fully serviced workspaces.

With the new facility and the addition of 2,000+ seats, EFC further expands its ability to cater to enterprises seeking scalable and professionally managed office environments, while strengthening its presence across key commercial micro-markets in Pune.

Commenting on the expansion, Mr. Umesh Sahay, Chairman & Managing Director, EFC (I) Limited, said: "The lease of this entire A+ category building marks a significant addition to EFC's managed office portfolio in Pune. Complete control over the premises will enable us to deliver a consistent workplace experience, strengthen operational efficiency, optimise margins and offer greater flexibility in configuring the space to meet evolving customer requirements.

This follows our recent acquisition of Ultrafresh, which further strengthens our Furniture Manufacturing and Design & Build capabilities. With these developments, all three of EFC's core verticals - Managed Office Spaces, Design & Build and Furniture Manufacturing - are scaling together. We believe this integrated growth across our three verticals will further strengthen EFC's Real Estate as a Service platform and create greater opportunities for long-term growth."

Shares of EFC India Limited was last trading in BSE at Rs. 174.80 as compared to the previous close of Rs. 179.75. The total number of shares traded during the day was 18506 in over 229 trades.

The stock hit an intraday high of Rs. 180.55 and intraday low of 173.00. The net turnover during the day was Rs. 3247447.00.

Source : Equity Bulls

Keywords

EFCIndia INE886D01026 EFCIL REaaS ManagedOfficePortfolio Pune