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

WeWork India has launched a 90,000 sq ft coworking centre in Gurugram with over 1,200 desks at Atrium Place, Udyog Vihar. The expansion, leased from DLF, strengthens its NCR presence amid strong demand for flex space. Flex operators leased 13 million sq ft in 2025, accounting for 18% of total office leasing.
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WeWork India has expanded its partnership with Turner International through a 46,000 sq. ft managed office at Gigaplex, Airoli. The 650+ seat facility marks Turner’s scale-up from a 16-seat setup in 2022. The deal reflects growing enterprise demand for customised, flexible workspace solutions in India.
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WeWork India has signed a lease agreement to expand its Hyderabad footprint by around 3,300 desks, backed by an estimated investment of ₹100 crore. The expansion, expected to be completed by June 2026, comes as the company reports 83.9% utilisation on its current 1,21,638-desk capacity.
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WeWork India shares climbed nearly 3% after strong Q3 FY26 results. Revenue rose 27% year-on-year to ₹640.3 crore, while profit after tax surged to ₹52 crore. Higher desk sales, improved utilisation, and expanding EBITDA margins drove robust financial and operational performance during the quarter.
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WeWork India has surpassed 1 lakh members, recording 33.6% YoY growth, driven by strong demand from enterprises and GCCs. With 76% enterprise revenue and rapid expansion across eight cities, the company says flexible workspaces have become core business infrastructure. Southern markets led momentum as GCC and tech-driven occupancies surged.
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WeWork India enters a pivotal trading session as its three-month lock-in ends, freeing 10.4 million shares—8% of its equity—for potential trade. With the stock already 5% below its IPO price, investors are watching closely. Meanwhile, CEO Karan Virwani says WeWork India is evolving from co-working to “workspace as a service.”
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