Tag: The Executive Centre

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Executive Centre leases 1.15 lakh sq ft in Delhi Aerocity

Representative AI image NEW DELHI: The Executive Centre (TEC) India has secured a lease for 114,954 sq ft of office space at Worldmark 6, Aerocity, Delhi, from Alborz Developers, as per documents obtained from Propstack. The company will occupy the seventh floor under this new lease, effective from March 26, 2026. The monthly rent is approximately ₹2.47 crore, starting at ₹215 per sq ft. Over the nine-year lease period, the total rent is projected to be around ₹309 crore, factoring in scheduled escalations. A security deposit of about ₹14.83 crore has been paid. The lease includes a 15% rent escalation…

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TEC Leases 19K sq ft to Forescout; WeWork Adds 536 Desks in Hyderabad

Sure! Here’s a rewritten version of the content you provided: NEW DELHI: The Executive Centre (TEC) has secured a lease for approximately 19,000 sq ft of office space at its location in Panchshil Business Park, Balewadi, Pune, for Forescout Technologies. This space is designed to accommodate around 200 workstations. Forescout has been a client of TEC since 2022, initially starting in a 50-seat workspace. The newly expanded office features a dedicated reception area, multiple meeting rooms, private cabins, a training room, open workstations, collaborative zones, and a town hall area. In a separate development, WeWork India Management has signed an…

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Awfis Leases 114K Sq Ft in Chennai; TEC Opens 9,500 Sq M in Riyadh

Here’s the rewritten content: Representative image NEW DELHI: Awfis Space Solutions, a provider of flexible workspace solutions, has opened two new centers in Chennai. The Olympia Crystal center in Guindy covers approximately 56,360 sq ft across four floors, while the DLF Cyber City center offers a chargeable area of 57,802 sq ft. These new locations expand the company’s total presence in Chennai to 28 centers, totaling around 875,000 sq ft. Awfis now operates over 200 centers in 18 cities. In another update, The Executive Centre (TEC) has announced the launch of a new center in the King Abdullah Financial District…

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Concorde leases 140K sq ft to BHIVE; TEC adds 90K sq ft in Mumbai, Pune

NEW DELHI: Concorde, based in Bengaluru, has entered a leasing agreement with BHIVE Workspaces for 1.4 lakh sq ft of grade-A office space at Concorde Econex, valued at an annual rental of ₹16 crore. The new facility, located in Doddanekkundi, Whitefield, consists of a ground floor and four upper levels. This long-term partnership features a 15-year lease, allowing BHIVE to accommodate over 3,000 workstations. In another announcement, The Executive Centre (TEC) has revealed the addition of approximately 90,000 sq ft of workspaces in Mumbai and Pune. In Mumbai, TEC is set to launch two new centers: one at One BKC,…

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Executive Centre aims to raise ₹2,600 crore for India IPO

The Executive Centre is set to launch an initial public offering in Mumbai with the potential to raise ₹26 billion ($303 million), as reported by sources familiar with the situation. This move aims to leverage the growing demand for workspace across India. The flexible workspace provider has engaged Kotak Mahindra Capital Co. and ICICI Securities Ltd. to facilitate the listing process. The company intends to submit preliminary documentation, known as a draft red herring prospectus, shortly. Neither the company nor its financial advisors have responded to requests for comment. The Executive Centre will join other companies like Wework India Management…