EFC Acquires 49,556 sq ft Space in Pune for Rs.80 Crore

29 Aug 2024 CW Team

EFC (Entrepreneur Facilitation Center) has acquired 49,556 square feet of commercial space in Pune for Rs.80 crore. The purchase is part of the company's plan to expand its coworking and flexible office space offerings. Located in the rapidly growing business hubs of Pune, the new property will cater to startups, SMEs, and large corporates seeking high-quality workspaces.

EFC aims to leverage the demand for flexible office spaces, which has surged post-pandemic, as businesses shift toward hybrid working models. The Pune property acquisition is a strategic move to strengthen the company's presence in one of India's leading IT and business cities.

The acquired space is set to offer state-of-the-art infrastructure, modern amenities, and collaborative environments designed to meet the evolving needs of companies. EFC's focus on premium office spaces is expected to attract companies looking for scalable and cost-efficient workspaces.

The commercial real estate market in Pune has witnessed robust demand for flexible office solutions, driven by the city's expanding tech and business ecosystem. EFC's acquisition reflects the growing interest in coworking spaces, positioning the company for further growth in India's dynamic office space market.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..