Key Highlights
- EFC (I) Limited has leased an entire 95,897 sq. ft. managed office facility in Koregaon Park Annex, Pune.
- The new facility is expected to add more than 2,000 seats to EFC’s managed office portfolio.
- The facility has a revenue potential of more than ₹70 crore.
- The building is an A+ category property and has been taken on a long-term lease of more than five years.
- The expansion strengthens EFC’s managed office presence across key commercial micro-markets in Pune.
- The move follows EFC’s recent acquisition of Ultrafresh, strengthening its Furniture Manufacturing and Design & Build capabilities.
EFC (I) Limited has expanded its managed office footprint in Pune by taking the entire 95,897 sq. ft. building at Koregaon Park Annex on a long-term lease. The new facility is expected to add more than 2,000 seats to the company’s managed office portfolio and has a revenue potential of more than ₹70 crore.
EFC Adds 95,897 Sq. Ft. Managed Office Facility in Pune
The company has entered into a lease for the entire building, which has a total floor area of 95,897 sq. ft. The facility is an A+ category building and will be operated under EFC’s control.
The company said having control over the entire building is expected to provide greater flexibility in operations, branding, customer experience and space utilisation. It is also expected to support margin optimisation across the managed office facility.
Expansion Strengthens EFC’s Pune Operations
The addition of the new facility further expands EFC’s managed office platform in Pune, one of its key markets. The company expects the additional capacity to help address demand for professionally managed, technology-enabled and fully serviced workspaces.
With more than 2,000 additional seats, EFC will have increased capacity to serve enterprises seeking scalable and professionally managed office environments across commercial micro-markets in Pune.
EFC Highlights Operational Control
EFC (I) Limited Chairman and Managing Director Umesh Sahay said the lease of the entire A+ category building represents an addition to the company’s managed office portfolio in Pune.
According to the company, complete control over the premises is expected to support consistency in workplace experience, operational efficiency and margin management, while allowing greater flexibility to configure the space according to customer requirements.
Expansion Follows Ultrafresh Acquisition
The Pune facility expansion follows EFC’s recent acquisition of Ultrafresh, which the company said has strengthened its capabilities in furniture manufacturing and Design & Build.
EFC operates across three core verticals — managed office spaces, Design & Build and furniture manufacturing. The company expects the expansion of these verticals to support the development of its Real Estate as a Service (REaaS) platform.
The latest facility adds further capacity to EFC’s managed workspace portfolio and expands its presence in Pune’s commercial real estate market.
Key Details of EFC’s Pune Expansion
- Facility size: 95,897 sq. ft.
- Location: Koregaon Park Annex, Pune.
- Lease: Long-term lease of more than five years.
- Expected additional capacity: More than 2,000 seats.
- Revenue potential: More than ₹70 crore.
- Building category: A+.
- Business segment: Managed office spaces.
- Platform: Real Estate as a Service (REaaS).
- Expansion follows EFC’s acquisition of Ultrafresh.