EFC (I) Limited Leases 95,897 Sq. Ft. Facility in Pune, Potential Revenue ₹70 Cr
EFC (I) Limited has leased a 95,897 sq. ft. facility in Pune's Koregaon Park Annex for 5 years, with a revenue potential exceeding ₹70 crores. The new space will add over 2,000 seats to its managed office portfolio. This expansion aims to enhance operational control and customer experience, complementing the company's other business verticals.
The lease of a large facility and the addition of 2,000+ seats will contribute to the company's revenue and market presence, indicating a medium-term impact on its financial performance and growth.
The company has secured a significant new lease that expands its operational capacity and revenue potential, which is a positive development for business growth.
EFC (I) Limited has expanded its managed office portfolio in Pune by securing a new 5-year lease for an entire building spanning 95,897 sq. ft. located in Koregaon Park Annex. This facility has a revenue potential exceeding ₹70 crores (7000 lakh rupees) and is expected to add over 2,000 seats to the company's managed office seat portfolio.
The A+ category building provides EFC with enhanced control over operations, branding, customer experience, space utilization, and margin optimization. This expansion strengthens the company's managed office platform in Pune, catering to the increasing demand for professionally managed, technology-enabled, and fully serviced workspaces.
Mr. Umesh Sahay, Chairman & Managing Director of EFC (I) Limited, stated that the lease of the entire building offers greater flexibility in configuring space and delivering a consistent workplace experience. He also highlighted that this development, following the recent acquisition of Ultrafresh, synergizes EFC's core verticals: Managed Office Spaces, Design & Build, and Furniture Manufacturing, strengthening its Real Estate as a Service (REaaS) platform for long-term growth.
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