BANGALORE, India, March 24, 2015 /PRNewswire/ -- The Executive Centre, Asia Pacific's leading premium serviced office provider, is set to further expand its operations in India by opening its second centre in Bangalore at Level 7, Mfar Greenheart, Manyata Tech Park in the northern part of the city.
In recent years, India has become the 2nd largest serviced office market in Asia. Based on the World Bank's forecast, the country's emerging economy, currently accounting for 80 per cent of South Asia's output, is set to grow by 6.4 per cent in 2015-16. According to The Executive Centre's annual survey on Asia Pacific Business Outlook 2015 recently conducted, over 90% of 800 survey respondents were confident or very confident in the Asia Pacific region's prospects for the coming year. The level of confidence in the outlook for India has remained strong for the coming year, and India was perceived as one of the top five countries favourable for business expansion, leveraging its flourishing mining, manufacturing and services sectors, and the strong market sentiments underpinned by constructive economic reform.
This positive market forecast will undoubtedly reassure businesses that wish to expand their operations to India. Manish Khedia, City Head - Bangalore at The Executive Centre, said, "Propelled by the continued investment from global investors, growing domestic companies, increasing R&D investment and IT industries, all stimulated by favourable government policies, India's economy is projected to grow at a broadly higher rate in 2015 than in 2014. Most corporates are expected to firm up plans for expansion in 2015 and this in turn will eventually feed through to generate higher demand for office space. We are confident that our new centre at Mfar Greenheart can benefit from the market trend and be welcomed by businesses looking for premium serviced office space in Bangalore."
Part of the Manyata Tech Park, one of India's largest tech parks located in North Bangalore, Mfar Greenheart is a technologically advanced multi-purpose commercial building situated at a 35-minute drive from Bengaluru International Airport. Enjoying close proximity to transportation networks linking to the rest of the city, and a wide array of surrounding amenities including hotels, shopping malls, restaurants and banks, the new centre allows businesses to be conveniently connected. The new centre has numerous contemporary offices varying in size from one to 60 workstations with ergonomic Herman Miller modular furniture, highly secure IT infrastructure, comprehensive meeting and conference facilities, stylish breakout areas and professional office support services. Office space and layout can be customised to suit the customer's specific needs, and lease terms can be as short as one month.
Renowned for its premium fit-outs, exceptional client-oriented services and state-of-the-art infrastructure, The Executive Centre is the leading premium serviced office provider in Asia Pacific, with 68 centres in 21 countries. With a network of 8 centres in India (including the upcoming new centre in Pune), The Executive Centre is dedicated to providing on-demand office accommodation, virtual office representation services, company incorporation, meeting and video conferencing facilities, and a broad range of business support services.
Nidhi Marwah, Regional Director for India at The Executive Centre, commented, "The demand for serviced offices in India has been on the rise in particular in Gurgaon, Mumbai and Bangalore, by the growing need of companies for ever-greater flexibility and speed to market. Serviced offices are now increasingly perceived as the mainstream occupancy option by companies of all sizes and from different sectors ranging from banking and finance, consultancy, IT/ITeS, to BFSI."
About The Executive Centre
The Executive Centre is the leading premium serviced office provider in Asia Pacific with 68 offices in 21 cities. Founded in 1994, it operates in Hong Kong, Beijing, Chengdu, Guangzhou, Shanghai, Shenzhen, Tianjin, Macau, Bangalore, Chennai, Gurgaon, Mumbai, Pune, Jakarta, Tokyo, Seoul, Singapore, Taipei, Brisbane, Perth and Sydney. The Executive Centre provides local, regional, and international serviced offices, virtual office representation services, meeting and conference facilities, and business concierge services to multinational corporations, small- and medium-sized enterprises, and start-ups. Please visit our web site at The Executive Centre India.
CONTACT:
Gigi Liu
Corporate Director -- Marketing & Communications
The Executive Centre
T: +852-2297-2483
E: gigi_liu@executivecentre.com
