India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

WeWork India has opened new centres in Whitefield, Bengaluru, and Wakad, Pune, adding around 2.25 lakh sq. ft. and more than 4,500 desks. The expansion strengthens its presence in two major commercial corridors while highlighting the growing importance of connectivity, access to talent, residential catchments, and workplace amenities.
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WeWork India’s first Sustainability Report for FY2025-26 shows a rise in renewable electricity use from 15.3% to 27.8%, alongside a 15.5% decline in Scope 1 and 2 emissions. The flexible workspace operator also improved energy efficiency and expanded ESG reporting with support from Schneider Electric.
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WeWork India is entering its next growth phase as enterprise and GCC demand reshapes the flex workspace market. The company operates 79 centres across eight cities, with 84.9% portfolio occupancy. Managed-office capacity has nearly doubled in a year, while 36% FY27 capacity growth is already locked in.
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WeWork India has approached the NCLT, Bengaluru Bench, seeking permission to use ₹2,050.16 crore from its Securities Premium Account to fully offset accumulated losses. The move comes as the flexible workspace operator reports stronger Q1 FY27 performance, with revenue and EBITDA rising sharply.
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WeWork India has signed a 141,392 sq ft managed office lease with Cognizant Technology Solutions India in Chennai. The agreement covers two floors at Embassy Splendid TechZone and offers 2,605 seats. At about ₹14,000 per seat per month, the deal marks WeWork India’s first lease transaction with Cognizant.
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ICICI Securities has assigned a target valuation of ₹937 to WeWork India, citing strong growth prospects driven by GCC expansion, AI-led demand, and premium flexible office solutions. The brokerage expects robust revenue and EBITDA growth while highlighting the company’s ambitious plan to expand its portfolio to 11.6 million square feet.
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