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 made in January 2026 regarding a lease agreement for the same property, aimed at integrating approximately 3,300 desks into its Hyderabad portfolio.
The capacity expansion is anticipated to become operational by June 2026, supported by an estimated investment of ₹100 crore, which will be financed through a combination of debt and internal resources.
