Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
WeWork India expands with new leases in DLF Cybercity, Gurugram, and Chennai, adding 3.43 lakh sq ft and over 3,300 desks. Scheduled to open in 2025, the move highlights rising demand for flexible workspaces. With FY24 revenue up 26.7% to ₹1,665 crore, WeWork leads India’s coworking market.
READ MOREWeWork India achieves a milestone with 1 lakh operational desks nationwide, inaugurating a 1.1 lakh sq ft centre in Bengaluru. Expanding further, it plans new workspaces in Gurugram and Chennai by 2025. With a presence in eight cities, WeWork continues shaping India’s flexible workspace landscape, catering to evolving workforce needs.
READ MOREWeWork India revamps its board, appointing industry experts to drive growth and sustainability. Key additions include Mahua Acharya and Anupa Rajiv Sahney as Independent Directors, alongside leadership changes with Karan Virwani as MD & CEO. The strengthened board aims to enhance governance, innovation, and WeWork India’s presence in flexible workspaces.
READ MOREWeWork India reported a 26.7% revenue growth to Rs 1,665 crore in FY24, reducing losses and achieving a strong EBITDA margin of 64.42%. Amid its global parent’s restructuring, WeWork India is considering an IPO with a $2-2.5 billion valuation, reflecting confidence in India’s flexible workspace demand.
READ MOREWeWork India has launched its 61st building, WeWork 37 Cunningham, a 61,120 sq ft premium office space in Bengaluru. It features 891 desks and caters to large enterprises and C-suite executives with sustainable design, concierge services, and ISO certification support. WeWork now manages over 90,000 desks across eight cities.
READ MOREWeWork India is leasing over 400,000 square feet across three key locations in Delhi and Gurgaon, marking a major expansion in the Delhi-NCR region. The leases include Prestige Trade Tower, Bharti Worldmark 6, and DLF Cyber City, as demand for flexible workspaces continues to surge in the area.
READ MORE