Avanta India, a co-working service provider, is on an expansion mode. The company will make an investment of Rs 200 crore in business districts across major metros.

The metro cities targeted include Mumbai, Bengaluru, Hyderabad and Pune. At present, the company’s expansion business model works on contractual management and long term lease with developers for imposing steady growth.

The company has opened its new business centre in Connaught Place, New Delhi. The business centre is valued Rs 10 crore, and has been developed around an area of 20,000 sq ft with 280 workstations, located at Ambadeep building, KG Marg.

The centres will be providing high-quality office spaces targeted towards SMEs and Startups.

The current occupancy rate of the launched project has already reached 60 percent and is expected to increase to 90 percent by the end of FY20.