WeWork India has signed a managed office deal worth ₹ 475.49 crore with TMUS India for 250,000+ sq. ft. at Phoenix H10, Hyderabad. The 60-month contract highlights rising demand for enterprise-grade flexible workspaces. The deal strengthens WeWork India’s Hyderabad presence and reflects strong growth in managed office solutions.
WeWork India has signed a major managed office agreement with TMUS India, marking one of the largest enterprise workspace deals in Hyderabad’s flexible office segment. The project spans approximately 250,348 sq. ft. across five floors at Phoenix H10 and will accommodate 1,507 workstations.
The total contract value stands at ₹475.49 crore, underlining the growing scale and maturity of managed workspace solutions in India. The agreement runs for 60 months, with a committed lock-in period of 42 months, reflecting long-term confidence from enterprise occupiers in flexible office formats.
Custom-Built Workspace for Enterprise Needs
As part of the deal, WeWork India will design, develop, and manage the entire workspace on behalf of TMUS India. This end-to-end managed model is becoming increasingly popular among large corporations seeking customised, plug-and-play office environments without the burden of asset ownership.
The workspace is currently under development and is scheduled for completion by May 21, 2026. Following this, TMUS India is expected to begin operations from the new facility. The project highlights how flex operators are evolving into full-service workspace partners, offering design, execution, and operations under a single contract.
Strengthening Hyderabad’s Flex Ecosystem
This transaction further strengthens WeWork India’s footprint in Hyderabad, a market that has seen rising demand from global capability centres (GCCs) and large enterprises. The city continues to emerge as a key hub for premium office space absorption, driven by its strong talent base and infrastructure growth.
By expanding its managed office portfolio, WeWork India is positioning itself to capture the increasing demand for enterprise-grade flexible spaces. The company also clarified that “neither promoters nor group companies have any interest in the awarding entity” and confirmed that the deal is not a related party transaction, thereby ensuring transparency in the agreement.
Growth Momentum Backed by Strong Financials
WeWork India’s latest deal comes at a time when the company is witnessing improved financial performance and operational scale. As of December 2025, the company operates 73 centres across eight cities, including Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad, with a total portfolio of 8.2 million sq. ft.
In Q3 FY26, the company reported a consolidated net profit of ₹16.70 crore, a sharp turnaround from a net loss of ₹83.25 crore in the previous quarter. Revenue also grew by nearly 29% year-on-year to ₹634.11 crore, indicating strong demand recovery and improved occupancy levels.
Managed Offices Drive the Next Phase of Flex Growth
The TMUS India deal reflects a broader shift in the flexible workspace industry, where large enterprises are increasingly opting for managed office solutions over traditional leases. These arrangements offer scalability, cost efficiency, and operational flexibility—key priorities in today’s hybrid work environment.
As enterprise demand continues to grow, managed office platforms are expected to play a central role in shaping India’s office market. For operators like WeWork India, such high-value, long-term contracts not only boost revenue visibility but also reinforce their position in the premium flex workspace segment.
