IIFL Picks up 100 Seats at Avanta’s Co-Working in Connaught Place

Infrastructure financing IIFL has joined the bandwagon to occupy popular coworking spaces. The IIFL has signed a three-year deal with Avanta India. Avanta’s 100 workstations coworking space will be home to IIFL’s customised office space at their centre in Ambadeep tower, KG Marg, Connaught Place, Delhi. The IIFL would cover a total of a massive 4,500 sq ft space. Avanta India holds two flexible office spaces center in Connaught Place. One in the iconic Statesman Building, and another one at Ambadeep Tower. The IIFL will be occupying over 100 seats at Ambadeep tower from total 280 seats as per the previous news of the centre launch, which brings it to approximately 35% of the total space. However, Avanta India opted neither to divulge the details nor to comment on the high-octane deal. “The Coronavirus crisis has led several businesses to rethink and improvise their business approaches and go for capital restructuring, aimed at cost-saving. This has led to the popularity of coworking spaces among the financial institutions, which are also a victim of slowdown due to the pandemic. In addition to this, the availability of leading coworking players has also allowed major business players to choose customised spaces, equipped with high-speed internet and state-of-the-art amenities. We predict this trend to continue, even after the vaccination drive is over and the country is declared pandemic free.” Said Siddharth Maurya, Research Specialist Real Estate & Fund Management.