Six new business centres open by Vatika Business Centre this year

Vatika Business Centre, part of Vatika Group, plans to open six business centres by the end of 2018, said Vineet Taing, president of the vertical.

The company will open 20,000 sq ft of business centre in Delhi, 25,000 sq ft centre in Mumbai, two centres in Pune and one centre each in Chennai and Chandigarh in coming months.

It currently has 15 operational business centres in top 8 cities having a total of 4 lakh sq ft of office space. The company claims to maintain over 80% occupancy in all its existing centres.

Except for Mumbai, the price range in these centres will range from Rs 12,000-25,000 per seat per month. “In BKC, Mumbai the rent will vary from Rs 25,000-35,000 per seat per month,” said Taing.

For Vatika, mid-sized companies form about 45% of the total clientele, while 35% share is taken up by corporate. Rest 20% is divided among SMEs, start-ups, and freelancers.

Souce: Reality-Economic Times

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