Vatika Group to Open 50 Business Centres in the Country
The 5000 crore Delhi based Vatika Business Centre owned by Vatika Group has announced its plans for opening 30 business centres across the country by the year 2019.
The Vatika Group is a 5000 crore New Delhi based business Vatika Business Centre recently opened its 12thbusiness centre in the country, and second Hyderabad on Wednesday and has proposed its plans to open up 30 more business centres across country and is expected to complete them by 2019. Each of this business centres will be an investment worth 8 crores – as per information provided by President Vineet Tiang. The company further aims to acquire revenue of Rs.300 crore in the coming financial years.
During the inauguration for its second business centre, Tiang also stated that the company had been analysing the possibilities which would enable the company to open up branches in the similar centres in Tier II cities such as Vijaywada, Visakhapatnam and Karimnagar in no more than a year and half.
Vatika will be soon opening their third business centre in Hyderabad soon which will be having floor area of 20,000 sq. ft. and over 200 seats. This centre will be operational from the next year, said Taing.
Presently, Vatika Business Centres have a total covered area of 280,000 sq. ft. office spaces opened up and 2700 seats across the cities like Hyderabad, Bangalore, New Delhi, Pune, and Mumbai. All of them have 90 per cent occupancy. The offices offered by VBC shall have fully furnished and shared offices inclusive of meeting rooms, virtual offices along with video conferencing, secretarial staff, office reception and building maintenance facilities. It is expected that the new set of business centres shall be completed by 2019.
VBC had been established in India way back in 2004 and the company’s revenues are reported to have been worth 90 crore in the previous financial year as per the reports of Vineet Taing, its President. Their future vision is to grow their revenue with a target of Rs.300 crore in the coming four to five years.
Source: Business Standard
