The Executive Centre opens four centers with an investment of Rs 50 crore

August 3, 2022
The Executive Centre opens four centers with an investment of Rs 50 crore

NEW DELHI: The Executive Centre (TEC), a flexible workspace provider, has opened four new centers with a total investment of more than Rs 50 crore adding close to a total of 1 lakh sq ft of Grade A flexible office space to its existing portfolio in India.

While the two new centres in Bengaluru, located in UB City and Safina Towers will be operational this quarter, the centre in DLF Downtown, Gurugram and Olympia Tech Park in Chennai will be operational in the last quarter of 2022.

The expansion will cumulatively provide 1,200 workstations increasing the total workstation count in India to over 10,000.

Nidhi Marwah, group managing director (South Asia and GCC), of the company said, “In addition to the four new centres, we aim to cater to the accelerating demand with additional centres in 2022, supporting the expansion of our existing members, welcoming new members, and enhancing our presence in the country.”

With organisations looking to optimise their capital expenditure across and mitigate risks, flexible workspaces have gained a lot of traction as it helps organisations to provide hybrid working models for their evolving workforce in a post pandemic environment. Additionally, the IT/ITeS sector has been hiring aggressively and recent data from Cushman & Wakefield has stated that leasing of office space in eight cities in India is expected to increase by 14 per cent this year.

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