Awfis has partnered with UNext, a next generation online learning organisation focused on the higher education ecosystem. As part of this partnership, Awfis has leased 65,000 sq ft. and 900+ seats to UNext in its marquee 100th centre in Bangalore.

Awfis brought its expertise of catering to highly specialised and customized requirements of companies and made pioneering design innovations for UNext’s new office in Lido Mall, Bengaluru. Awfis’ Lido Mall center, also known as ‘Awfis One’ is strategically located at Bengaluru’s prominent CBD, MG Road and offers Grade-A infrastructure and unmatched amenities. The extraordinary provisions of the building include exceptional arrival experience, dedicated in-house studio and phygital collaboration setups across the workspace.

Awfis has announced the launch of its seventh centre in Chennai as part of its rapid pan-India expansion. This is fuelled by the rising demand for collaborative and just-in time workspaces, in line with a rapidly evolving ecosystem.

This state-of-the-art centre is spread across 45,000 sq ft with 650+ seats and is located at Prestige Metropolitan, Mount Road. The central location and futuristic planning of the new centre allows it to have cutting-edge infrastructure, modern day facilities and design.

Awfis’ newly launched centre at Prestige Metropolitan is part of Awfis’ premium workspace offering, Awfis Gold which aims to deliver an unparalleled workplace experience to the company’s clientele by tapping into the premium segment. Awfis opened its first centre in Chennai in September 2020 with 1000+ seats and currently has 6,000+ seats which is a testament to Awfis’ success in the Chennai market.

The year 2022 will be the year of recovery for the Indian real estate sector. This year’s Budget should focus on the upliftment of the startup sector and designate commercial real estate under the infrastructure category.

Sumit Lakhani, CSMO, Awfis, shares his hopes from the Budget 2022-2023. He states his expectations and that the Budget should push for infrastructure, especially in Tier 2 and 3 markets. He further adds that the Budget should have something for the upliftment of the startup sector, especially in the aftermath of the pandemic.

Speaking about taxation, Mr Lakhani has shared that reducing GST for lease rentals of office spaces for startups would be a welcome step.

He also emphasises the fact that India ranks low when it comes to ease of doing business. Labelling commercial real estate as a part of the infrastructure sector could help the real estate market to grow. It will aid in ease of doing business, simplify credit access and reduce of cost of borrowing for developers.

This story appeared in the 26  January, 2022 issue of 99acres and was originally published  at : Budget ’22 expectation: Infrastructure tag for commercial real estate (99acres.com)