Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
ICICI Securities raises Awfis Space Solutions’ target price to ₹1,049, indicating 44% growth potential. Backed by a unique asset-light model, 31% revenue CAGR, and 53% EBITDA CAGR (FY24–27), Awfis is expanding rapidly despite market competition and potential office leasing slowdowns.
READ MOREPeak XV, Bisque Limited, and Link Investment Trust plan to sell a ₹583 crore stake in Awfis via a block deal. Awfis, India’s largest flexible workspace provider, reported a ₹38.67 crore Q2 FY25 profit and 40.46% revenue growth, bolstered by strategic expansions and a robust market presence.
READ MOREAwfis expands to Guwahati, managing 200 centres with 1.3 lakh seats nationwide. It plans to add 40,000 seats by FY25, reaching 135,000. Recent highlights include a 1.65 lakh sq ft NSE office project in Mumbai and ₹38.67 crore Q2 FY25 profit, marking strong growth in Tier-II cities and beyond.
READ MOREAwfis Space Solutions, India’s leading flexible workspace provider, is set to double its capacity by FY27, driven by strong demand and its innovative managed aggregation model. With a ‘buy’ rating from IIFL Securities, Awfis projects a 33% CAGR in seat additions and 55% EBITDA growth, solidifying its leadership in the booming flex workspace industry.
READ MOREAwfis introduces ‘Elite,’ an ultra-premium coworking solution designed for GCCs, with exclusive features like biophilic pods and wellness zones. Backed by strong financial growth, Awfis is expanding into metro cities while targeting tier-II markets, revolutionizing India’s coworking landscape with innovation and luxury.
READ MOREAwfis Space Solutions will design, build, and manage 1.65 lakh sq ft of office space for NSE in Mumbai’s Adani Inspire building, expanding its footprint in BKC. The deal reflects Awfis’ leadership in the flex space sector, which is driven by rising demand and strong financial growth, including a 40.5% revenue surge.
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