Avanta India takes 20K sq ft office space on lease in Delhi to open co-working centre

Co-working firm Avanta India has taken 20,000 sq ft office space on lease in central Delhi to open a new centre with an investment of Rs 10 crore, as part of an expansion plan to encash rising demand of flexible workspace.

Avanta India, part of UK-based Avanta group, currently has five operational business centres, all in the national capital region (NCR). These five centres are spread over 1.2 lakh sq ft and has 1,200 seating capacity.

"We have taken on lease 20,000 sq ft office space in Kasturba Ganghi Marg near Connaught Place, Delhi. This will be our sixth centre," Avanta India MD Nakul Mathur said.

The new centre will have 280 seats, he said, adding that the company charges anywhere between Rs 15,000 to Rs 50,000 per seat depending on location.

Mathur said the company would invest Rs 10 crore on setting up of this new centre, to be operational next month, adding that the company was looking at expanding in new cities.

The company as well as all of its five operational centres are