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Awfis on an expansion spree, leases around 1 lakh sq in Bhubaneshwar


Awfis, India’s largest flexible workspace solutions company in India based on the total number of centres, has expanded its footprint in Bhubaneshwar by opening its third and largest centre in the city, spread across around 1 lakh sq. ft.

The property is located in Odisha Technology Centre, Anand Bazar and is designed, built and managed by Awfis for two leading Fortune 500 companies specialising in Information Technology services and Consulting.

“This collaboration marks a pivotal moment as large corporations have discovered the advantages of flexi working, indicating a transformative shift in how business is approached. The size of the new Awfis centre in Bhubaneshwar is a testament to the Tier II growth story and its potential. With its strategic location, modern infrastructure, futuristic design and vibrant community, we are confident that this centre will become a hub for innovation in the city,” said Amit Ramani, Chairman and Managing Director of Awfis Space Solutions Limited.

Equipped with meeting rooms, collaborative spaces, recreational areas, a cafeteria, and workstations, the managed office space offers a comprehensive workspace tailored to the specific needs and preferences of the clients.

The design ethos draws inspiration from Odisha’s heritage, including its classical dance, picturesque beaches, and the iconic Sun Temple, a UNESCO World Heritage site and elements such as Pattachitra coconut paintings and hand-painted wall sets. The space’s colour palette takes cues from the natural beauty of Bhubaneshwar’s historical monuments, beaches, and verdant mountains.

As of December 2023, Awfis operates in over 150 centers across all Tier-I cities and seven Tier-II cities. Awfis is the largest flexible workspace footprint in Tier 2 cities among the top 5 benchmarked operators, based on the number of centers and total area, as per CBRE.The company serves clients from diverse industries ranging from information technology, media , financial services and capital markets, and healthcare services and pharmaceuticals. Key clients include Lenovo (India) Private Limited, Mahindra First Choice Wheels Limited, Capgemini Technology Services India Limited, and Clevertap Private Limited, among others.Tier-II cities are fast emerging as the next growth frontier for the office sector. With their growing talent pool, competitive real estate costs, and improving infrastructure, these cities are well-positioned to attract more businesses in the future. The sectoral drivers of office space demand in Tier-II cities include IT, Technology, flexible space operators, e-commerce start-ups, technology GCCs, consulting and advisory GCCs, and Indian BFSI firms.

According to the CBRE report, overall office absorption across the 10 cities stood at 1.6 mn sq. ft. in January-September 2023 period, led by Ahmedabad, Jaipur, and Thiruvananthapuram. The total office stock in these 10 tier-II cities stood at 68 mn. sq. ft. as of Sep ’23, with Ahmedabad, Kochi and Thiruvananthapuram, each boasting office stock higher than 7.5 mn. sq. ft. The total office supply recorded in these 10 cities was ~3.4 mn. sq. ft. during Jan-Sep ’23. Top cities dominating supply addition in CY2023 include Ahmedabad, Kochi, and Indore.


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