Tag: WeWork India

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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…

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WeWork India Signs 90,000 sq ft Lease in Gurugram

NEW DELHI: WeWork India has heightened its presence in the National Capital Region (NCR) by inaugurating a new center at Atrium Place in Udyog Vihar, Gurugram, thereby adding approximately 90,000 sq ft to its portfolio. The facility spans two floors and accommodates over 1,200 desks, marking the company’s 15th center in the NCR. This new center was launched in collaboration with DLF, with advisory support provided by CBRE. Arnav S. Gusain, Chief of Supply, stated that the company has introduced more than 3,000 desks in the NCR over the last two years, witnessing a 50% rise in enterprise desks within…

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India’s Flexible Office Space Market Set for Major Growth

NEW DELHI: Publicly listed flexible office space operators are poised to account for nearly half of India’s flexible office market, projected to reach 100 million sq ft by year-end. Currently, four operators have gone public, with at least three more IPOs anticipated in this sector. According to the investors’ presentation from Smartworks, Awfis, WeWork, and Indiqube—all listed companies—these firms collectively manage over 30 million sq ft of operational space. Smartworks, boasting 9.2 million sq ft of operational area as of December 2025, is expected to be the first flexible workspace provider to exceed 10 million sq ft by March 2026,…

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Turner International Leases 46,000 Sq Ft at WeWork Navi Mumbai

NEW DELHI: Turner International India has secured 46,000 sq ft of managed office space at WeWork Gigaplex Airoli, Navi Mumbai, from WeWork India Management. The center is set to accommodate over 650 professionals. Santosh Martin, Chief Revenue Officer, commented, “The evolution from a 16-seat setup in 2022 to over 650 seats today highlights the increasing demand for customized, scalable workspace solutions that blend efficiency with identity.” “In just two years, we’ve expanded our managed office business to 26,000 desks across 1.7 million sq ft, now representing 21% of total revenue, with an annual run rate exceeding ₹530 crore and a…