Tag: WeWork India

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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…

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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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Hero MotoCorp, WeWork Lease 3.45 Lakh Sq Ft in Delhi’s Worldmark 6

Representative AI image NEW DELHI: Hero MotoCorp and WeWork India Management have signed leases for approximately 345,000 sq. ft. of office space at Worldmark 6 in Aerocity, Delhi, sourced from Alborz Developers, as noted in Propstack documents. The total estimated rental expenditure over the lease duration is around ₹922 crore. Hero MotoCorp will occupy 231,109 sq. ft. across the ground, second, fifth, and sixth floors of Worldmark 6 with a nine-year lease beginning March 1, 2026. The monthly rent is set at about ₹4.97 crore, calculated at ₹215 per sq. ft. per month, totaling approximately ₹593.8 crore for the lease…

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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…

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WeWork Expands by 110K Sq Ft in Delhi; Nukleus Leases 75K in Noida

NEW DELHI: WeWork India Management has expanded its flexible workspace offerings in Delhi-NCR with the launch of a new center at Worldmark 6 in Aerocity, adding 110,000 sq ft to its capacity. The facility, situated on the third floor of the commercial complex, can accommodate over 1,400 desks. This expansion reinforces the company’s presence in key business districts. The company now operates in eight cities, totaling over 121,000 desks. In a related update, Nukleus Office Solutions announced it has signed letters of intent (LOIs) for leasing approximately 75,000 sq ft of office space at Okaya Centre, Sector 62, Noida, including…

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WeWork India Expands by 1.1 Lakh Sq Ft in Delhi’s Aerocity

NEW DELHI: WeWork India Management has expanded its flexible workspace offerings by adding 1.1 lakh sq ft in Delhi-NCR with a new center at Worldmark 6 in Aerocity. The facility, situated on the third floor of the commercial complex, offers seating for over 1,400 desks. This expansion reinforces the company’s growth in key business districts. Currently, WeWork operates in eight cities, providing a total of over 1.21 lakh desks. The expansion aligns with the ongoing growth in India’s flexible workspace sector. According to Crisil Ratings, the total capacity of this segment is projected to rise by 16-18% during FY27 and…

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WeWork India Leases 200,000 Sq Ft in Pune’s Wakad

MUMBAI: WeWork India Management has secured a lease for over 204,000 sq ft of office space at Phoenix Millennium Tower 3 in Pune’s Wakad area through a long-term agreement. The lease spans five floors—from the 13th to the 17th. The 13th, 14th, and 15th floors are leased for a decade, while the 16th and 17th floors are on a five-year term. The monthly rent is set at ₹73 per sq ft, amounting to a total monthly expenditure of more than ₹1.49 crore. The agreement includes a 12% rental increase after the first three years, followed by a 13.5% rise every…

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WeWork India seals ₹475 crore office deal with TMUS in Hyderabad

NEW DELHI: WeWork India Management has signed a managed office agreement with TMUS India for a workspace encompassing approximately 250,348 sq ft in Hyderabad, marking a significant expansion in the region. The agreement includes the provision of 1,507 workstations across five floors at Phoenix H10. The contract spans a duration of 60 months, with a committed period of 42 months, amounting to a total value of around ₹475.49 crore, excluding taxes. As part of this agreement, WeWork will oversee the design, development, and management of the office space, with completion expected by May 2026. This initiative follows an earlier announcement…

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WeWork India to add 4,100 desks in Bengaluru with ₹60 crore

NEW DELHI: WeWork India Management has finalized two lease agreements in Bengaluru to enhance its flexible workspace offerings, adding over 4,100 desks across more than 246,000 sq ft of office space, as stated in a regulatory filing. The company has secured leases for 95,351 sq ft and 151,201 sq ft of space in separate transactions, with operations expected to commence by June 2026. WeWork plans to invest around ₹60 crore: ₹28 crore for the first facility and ₹32 crore for the second, funded through a combination of internal resources and debt. This expansion will introduce approximately 1,829 desks in one…

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WeWork India to Add 7,700 Desks in Hyderabad, Pune, Bengaluru

NEW DELHI: WeWork India Management has announced plans to expand into Hyderabad, Pune, and Bengaluru, adding approximately 7,700 desks as part of its growth strategy. According to a regulatory filing, the company has signed a sub-lease agreement for 145,114 sq ft in Hyderabad, which will add roughly 2,100 desks. This center is expected to become operational by July 2026, with an estimated investment of ₹32 crore, funded through internal accruals and debt. Additionally, WeWork has entered into a leave-and-license agreement for 162,665 sq ft in Pune, projected to introduce around 2,500 desks by August 2026, involving an investment of about…