Tag: Flexible workspaces

CommercialLatest Stories

WeWork India Q1 FY27 Net Loss Narrows to ₹4.61 Crore

NEW DELHI: WeWork India Management reported a consolidated net loss after tax of ₹4.61 crore for the quarter ending June 30, 2026, compared to a net loss of ₹14.14 crore in the same quarter last year, as per a regulatory filing. The company’s total consolidated income saw a 28.4% increase, reaching ₹700.74 crore in Q1 FY27, up from ₹545.71 crore in the previous fiscal’s corresponding quarter. Revenue from operations was ₹698 crore for the quarter, reflecting a 28.5% year-on-year growth. Earnings before interest, tax, depreciation, and amortization (EBITDA) rose by 69.3% to ₹138.30 crore, with the EBITDA margin expanding by…

CommercialLatest Stories

Flex Offices: From Startup Solution to Key Enterprise Strategy

BENGALURU: Flexible workspaces are increasingly recognized not just as temporary solutions for startups but as essential elements of enterprise real estate strategies, driven by GCC expansion, hybrid work models, and the demand for operational agility, industry leaders stated on Tuesday. This insight emerged during a panel discussion at the RealtyDailyNews Realty & Beyond Summit in Bengaluru, where experts analyzed the transformative impact of flexible offices and managed spaces on the future of commercial real estate. The panel included prominent figures such as Mattew Parambil, Vice President & Head – Revenue at COWRKS; Utkarsh Kawatra, CEO & Co-Founder at MyHQ; Sitanshu…

CommercialLatest Stories

Awfis Space Solutions’ FY26 Net Profit Rises 4.39% to ₹70.85 Cr

NEW DELHI: Awfis Space Solutions has announced a 4.39% increase in their net consolidated profit for the financial year 2025-26. The profit after tax reached ₹70.85 crore, compared to ₹67.87 crore in FY25, according to a BSE filing. The company’s net consolidated total income rose to ₹1,586.12 crore in FY26, reflecting a 25.81% increase from ₹1,260.74 crore in FY25. In Q4 FY26, the net consolidated total income saw a significant rise of 19.39%, amounting to ₹429.16 crore, up from ₹359.45 crore during the same quarter last year. Meanwhile, profit after tax surged by 106.95%, reaching ₹23.24 crore in Q4 FY26…

CommercialLatest Stories

WeWork India Reports ₹52.89 Crore Net Profit in FY26

NEW DELHI: WeWork India Management has announced a net consolidated profit after tax of ₹52.89 crore for the financial year 2025-26. The company reported a net consolidated total income of ₹2,490.42 crore in FY26, as stated in a BSE filing. In Q4 FY26, the net consolidated total income was ₹715.35 crore, with a profit after tax amounting to ₹44 crore. WeWork India concluded FY26 with 8.6 million sq ft across 76 centers in 8 cities, and a total committed footprint of 11.6 million sq ft, reflecting a 39% year-on-year increase in signed leases and LOIs. Operational desk capacity reached 126,900…

CommercialLatest Stories

Indiqube Spaces Reports ₹106.34 Crore Net Loss in FY26

NEW DELHI: Indiqube Spaces reported a post-tax loss of ₹106.34 crore for the financial year 2025-26. According to a BSE filing, the company’s total income for FY26 was ₹1,527.51 crore. In the fourth quarter of FY26, the total income reached ₹425.71 crore, with a loss after tax of ₹22.65 crore. Co-founder Meghna Agarwal stated, “Our presence now spans 17 cities, encompassing 130 properties and over 9.66 million sq ft of office space. We added 28,000 seats throughout the year, maintaining a consistent occupancy rate of 88%.” The debt-to-equity ratio improved to 0.08 in FY26, down from 0.9 in FY25. The…

CommercialLatest Stories

India’s Flex Office Space Tops 100 Million Sq Ft: IT, GCCs Boost Demand

NEW DELHI: India’s flexible office space has surpassed 100 million sq ft, reaching between 110-114 million sq ft from 2020 to 2025, as per a joint report by CBRE and FICCI. This segment has grown at a compound annual growth rate (CAGR) of 23-25% over the last five years, with total inventory nearly tripling during this period, which underscores the increasing significance of flexible workspaces in the country’s office market. Bengaluru holds the largest share of flexible workspace, with 30–32 million sq ft, followed by Delhi-NCR at 21-23 million sq ft and Pune at 13.6-14.6 million sq ft. The demand…

CommercialLatest Stories

India’s Office Leasing Surpasses 70 Million Sq Ft in 2025

NEW DELHI: India’s office market maintained its growth trajectory in 2025, achieving over 70 million sq ft in Grade A office leasing across the top seven cities for the first time. This surge was fueled by a robust year-end push and sustained confidence from occupiers, as reported by Colliers India. During the year, total office leasing reached around 71.5 million sq ft, reflecting a 6% increase from the previous year. The final quarter was particularly significant, with quarterly demand surpassing 20 million sq ft, a 20% rise from the previous quarter, driven by substantial deal closures and expansion efforts. Bengaluru…

CommercialLatest Stories

WeWork India Leases 200K sq ft Office in Pune and Chennai

NEW DELHI: WeWork India Management has finalized leases for two new locations: WeWork EON Free Zone in Pune and WeWork Ramanujan Intellion Park in Chennai. The Chennai office occupies three floors within the Littlewood Tower, covering a total area of 150,000 sq ft and accommodating 2,400 desks. In Pune, WeWork has partnered with Panchshil Realty to acquire two floors of workspace spanning 60,000 sq ft, which will house 1,000 desks. Both locations are expected to open in the latter half of FY25. Published On Jun 12, 2025 at 12:30 PM IST Join a community of over 2 million industry professionals.…