Collaboration spaces refer to work as well as recreational areas. Demand for flexible office space has been growing at a healthy pace since the pandemic. According to the India arm of US-based Upflex, a hybrid booking platform with the largest global network of flexible workspaces, the share of this segment in office space take-up has increased from just 7% in FY20 to 21% in FY23. This is expected to reach 27% this fiscal year, as per Upflex s estimates.
EFC India: The company said in a statement that it has recently signed around 5 lakh square feet of office spaces in Pune, Noida, Hyderabad, and Kolkata.
Co-working space operator EFC (I) Ltd has entered the Delhi-NCR market by opening a new centre in Noida. The 65,000 square feet centre will house brands such as Tata Capital and Virtuous Transactional Analyst. EFC itself will occupy 25,000 square feet of office space.
EFC (India): The new facility of EFC will house brands, including Tata Capital and Virtuous Transactional Analyst, among others. EFC, too, has taken up a 25,000 sq. ft. office in the facility to house its regional operations teams.