EFC (I) Limited, an integrated office infrastructure and design company in India, has expanded into the Delhi NCR region by opening a 65,000 sq. ft. managed office space in Noida's Sector 62, with an option for an additional 65,000 sq. ft. The facility will host prestigious brands like Tata Capital and Virtuous Transactional Analyst, along with EFC's own regional operations teams in a 25,000 sq. ft. office. EFC aims to tap into Delhi NCR's thriving office leasing market, with plans to significantly increase its total capacity to 60,000 seats by March 2024, as it reported strong financial performance in Q1FY24.
EFC (I) Limited, a leading integrated office infrastructure and design firm in India, has strategically expanded its presence into the vibrant Delhi National Capital Region (NCR). The company has introduced a cutting-edge managed office space facility in the bustling urban centre of Noida. This new establishment, located at Graphix 2 in Sector 62, spans an impressive 65,000 square feet and offers an enticing opportunity with a First Right of Refusal (FRR) for an additional 65,000 square feet of space.
One of the notable features of this development is the high-profile tenant roster it will host, including esteemed brands like Tata Capital and Virtuous Transactional Analyst, among others. Furthermore, EFC (I) Limited has allocated 25,000 square feet of this facility to establish its regional operations teams.
EFC (I) Limited is a listed entity on the Bombay Stock Exchange (BSE). In its Q1FY24 financial report, the company displayed robust performance, with total revenues reaching Rs. 57.04 crore and a net profit of Rs. 3.17 crore on a consolidated basis. It is noteworthy that rental income accounted for a substantial 95% of its consolidated revenues, while fit-out contracts contributed approximately 5%. The company has set ambitious targets for the future, with plans to significantly scale up its total capacity. By March 2024, EFC aims to increase its seating capacity by 2.5 times, reaching an impressive 60,000 seats.
In essence, EFC (I) Limited's foray into the Delhi NCR region signifies a strategic expansion in a thriving market. With its modern, well-equipped managed office space and a clientele that includes prominent brands, the company is poised to play a pivotal role in the corporate landscape of this region. As it continues to deliver integrated office solutions that encompass both infrastructure and design, EFC is well-positioned to tap into the immense growth potential offered by Delhi NCR and similar dynamic markets across India.
This move aligns with the broader trends in the office space and real estate industry, where flexible and managed office solutions are becoming increasingly popular among businesses of all sizes. By offering such solutions in a strategic location like Noida within the Delhi NCR, EFC (I) Limited is not only catering to the evolving needs of businesses but also positioning itself as a key player in the evolving landscape of modern workspace solutions.
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