Beating the odds during COVID 19, Spaciya Advisors, NOIDA based real estate consultancy firm has achieved a milestone of leasing 1.5 lakh square feet of office spaces in NCR since relaxation on lockdown. Spaciya negotiated up with several real estate developers across NOIDA to give hefty rental discounts to the tenants.
COVID times when businesses are being highly impacted, the opportunity of leasing the office spaces has increased. This has come as a result of the shrinking budgets of all corporates, start-ups and big establishments. We found an opportunity during these hard times and realized the market needs, says Mr Ajit Panda, Founder & CEO of Spaciya Advisors.
“While COVID has drastically impacted the way businesses operate, companies who cannot resort to working from home, are grabbing lease opportunities where the landlords realize the strain in the market and offer flexibility in terms for extended rent-free periods or upfront rental discounting. Spaciya has been able to help corporates locate such deals,” adds Mr Panda.
The transactions were done across various domains such as BPO, IT/ITES, travel and staffing. Business Parks like OKAYA Centre, KLJ Noida One in Sector 62 and Eco Tower, Windsor, Assotech, ETT, Riana in Noida Expressway have extended such offers to Clients of Spaciya Advisors.
Spaciya, which was established in the year 2016, specializes in corporate leasing of various facets on commercial real estate – office, factories, and warehouses. The company achieved the milestone of reaching 1 million square feet last year. It plans to expand to Delhi & Gurgaon by the end of the current fiscal year 2020-21.