IIFL picks up 100 seats at Avanta’s co-working centre in Connaught Place

IIFL has taken 100 seats at managed office space provider Avanta India business centre at Connaught Place, New Delhi.

IIFL has signed a three-year deal with Avanta India for 100 workstations coworking space at Ambadeep tower, KG Marg, Connaught Place, Delhi.

Avanta is a UK based serviced office company, and started operations in Delhi from Connaught Place’s major landmark, Statesman House in 2008. Avanta India have 6 centers in Delhi-NCR. The company manages over 1,20,000 sq. ft. of premium office space.

Avanta declined to comment while IIFL did not respond to the email query

“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,” said one person aware of the deal.

COVID-19 as 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.

Coworking spaces have emerged as a tool of expense reduction and better resource management. 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.