Image Source: The Morning Context
WeWork India Management Limited has signed a lease deed for a new facility in Hyderabad, spanning 2,50,348 square feet. This expansion will add approximately 3,300 desks to its operational capacity by June 2026, backed by an investment of ₹100 crore through debt and internal accruals.
Show more
WeWork India has announced a significant expansion in Hyderabad, reinforcing its commitment to meet rising demand for flexible workspaces. The company’s latest lease agreement marks a strategic step toward strengthening its footprint in one of India’s fastest-growing business hubs.
Key Highlights
-
Existing operational capacity stands at 1,21,638 desks, with utilization at 83.90%
-
The new facility will add around 3,300 desks, enhancing overall capacity
-
The expansion is scheduled to be completed tentatively by June 2026
-
Estimated investment for the project is ₹100 crore
-
Funding will be sourced through debt and internal accruals
-
The rationale behind the move is to cater to incremental demand and align with business growth trajectories
This development underscores WeWork India’s focus on scaling operations to support enterprises and startups seeking modern, collaborative workspaces in Hyderabad’s thriving ecosystem.
Sources: Company announcement, WeWork India Management Limited
Stay Ahead – Explore Now!
3i Infotech Uncovers Massive ₹128 Cr Fraud: Complaint Filed with Navi Mumbai Police, eMudhra, Ex-Execs Implicated
Advertisement
Advertisement