EFC (I) Expands Pune Presence With 95,897 Sq. Ft. Managed Office Facility in Koregaon Park Annex
Pune, August 17, 2026: EFC (I) Limited has strengthened its managed office business in Pune by taking an entire 95,897 sq. ft. A+ category building on a five-year lease at Koregaon Park Annex.
The new facility has a revenue potential of more than ₹70 crore and is expected to add 2,000+ seats to EFC’s managed office portfolio.
₹70 Crore+ Revenue Potential From New Lease
The newly leased property comprises the entire building with a total floor area of 95,897 sq. ft. Under the five-year lease arrangement, EFC expects the facility to generate revenue potential of more than ₹70 crore.
The addition represents a significant expansion of the company’s managed office capacity in Pune and strengthens its presence in one of its key markets.
2,000+ New Seats to Be Added
The facility is expected to increase EFC’s managed office seat capacity by more than 2,000 seats.
With the entire building under EFC’s control, the company expects greater flexibility in managing:
- Workspace configuration
- Customer requirements
- Space utilisation
- Branding
- Operations
- Customer experience
- Margin optimisation
According to EFC, the large-format facility will help it serve enterprises looking for scalable, professionally managed and technology-enabled office spaces.
Strengthens EFC’s Pune Managed Office Platform
Pune is EFC’s home market, and the new facility further expands the company’s footprint across important commercial micro-markets in the city.
The company believes the additional capacity will help it cater to growing demand from enterprises seeking fully serviced and professionally managed workplaces.
The A+ category building and complete control of the premises are expected to give EFC greater operational flexibility while allowing it to customise the workspace according to customer requirements.
EFC’s Three Core Business Verticals
The new managed office facility comes at a time when EFC is expanding across its three core business verticals:
- Managed Office Spaces
- Design & Build
- Furniture Manufacturing
According to Chairman and Managing Director Umesh Sahay, the latest expansion follows EFC’s recent acquisition of Ultrafresh, which strengthened the company’s furniture manufacturing and Design & Build capabilities.
The company believes the simultaneous scaling of these three businesses can strengthen its broader Real Estate as a Service (REaaS) platform.
Management Commentary
Commenting on the expansion, Umesh Sahay, Chairman & Managing Director of EFC (I) Limited, said that leasing the entire A+ category building represents a significant addition to the company’s managed office portfolio in Pune.
He highlighted the benefits of having complete control over the premises, including improved operational efficiency, margin optimisation and greater flexibility in configuring the workspace.
Management also said that the combination of managed offices, Design & Build and furniture manufacturing could create additional opportunities for EFC’s long-term growth.
What the New Order Means for EFC Investors
The new five-year lease is significant because it adds nearly 96,000 sq. ft. of managed office space, more than 2,000 seats and revenue potential exceeding ₹70 crore.
For EFC, the development strengthens its Pune platform while increasing the scale of its managed office operations.
Investors may watch the speed of occupancy, seat utilisation, revenue conversion, margins and further managed-office additions as the company expands its REaaS platform.
Key Details
- Company: EFC (I) Limited
- NSE Symbol: EFCIL
- BSE Scrip Code: 512008
- Location: Koregaon Park Annex, Pune
- Area: 95,897 sq. ft.
- Lease period: 5 years
- Revenue potential: More than ₹70 crore
- Additional capacity: 2,000+ seats
- Building: A+ category
- Business: Managed Office Spaces / REaaS
This article is based on EFC (I) Limited’s press release dated August 17, 2026. The revenue potential stated above is the company’s estimate and should not be interpreted as a guaranteed revenue outcome.