You are here: Home » PTI Stories » National » News
Business Standard

Vatika opens 3 business centres built at Rs 25 cr

Press Trust of India  |  New Delhi 

Realty firm Vatika today opened 3 new business centres covering 65,000 sq office space in the national capital, Noida and Hyderabad at an investment of about Rs 25 crore.

These three centres will have around 750 seats, taking the total number of business centres to 12 comprising over 2.5 lakh sq ft of modern office space with nearly 3,000 seats.

"We have opened 3 new business centres today. The centres in Delhi and Hyderabad have been taken on lease while the Noida centre is in joint venture," Vatika Group President Hospitality Vineet Taing told reporters.

The company has invested about Rs 25 crore on setting up these three business centres, he said, unveiling the Centre located at Konnectus Building, which houses the starting terminus of Airport Metro, near Ajmeri Gate.

The office space in these centres are generally taken up by the start-ups.

Taing said the company has plans to add 6 new business centres every year to reach the target of 42 centre in the next five years.

Vatika group's business centre segment posted a revenue of about Rs 60 crore last year and this would Rs 80 crore with the opening of these three new centres.

The Gurgaon-based group is into real estate and hospitality businesses.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 30 2014. 19:25 IST