Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
WeWork India Management has decided to expand its existing flexible workspace centre at Krishe Emerald in Hyderabad by signing an addendum to its lease agreement. The company said the expansion will require an investment of INR 98 million. The move comes as Hyderabad continues to witness healthy demand for premium flexible office spaces from enterprises, global capability centres (GCCs), startups and technology firms. The expansion is part of WeWork India's broader strategy to strengthen its presence in key commercial markets across the country amid sustained demand for managed workspaces.
WeWork India Management Ltd has entered into an addendum to its existing lease deed to expand its operational centre at Krishe Emerald in Hyderabad. The company informed that the expansion will require an investment of INR 98 million.
The expansion will add to WeWork India's existing presence in Hyderabad, one of the country's fastest-growing office markets. The city has continued to attract demand from technology companies, multinational firms, global capability centres and startups, leading to increased demand for flexible and managed office spaces.
The latest investment follows the company's broader expansion plans in Hyderabad. Earlier this year, WeWork India had announced plans to invest around INR 100 crore to add nearly 3,300 desks in the city, reflecting its confidence in the market's long-term growth prospects and rising enterprise demand for flexible workspaces.
WeWork India has also been strengthening its footprint across South India through multiple long-term leasing agreements in Bengaluru, Hyderabad and Chennai. The company has said these expansions are aimed at meeting growing demand from large enterprises that are increasingly adopting flexible workplace strategies.
The company, backed by Embassy Group, operates under an exclusive licensing agreement for the WeWork brand in India and has steadily expanded its portfolio across major business cities. It has continued to focus on Grade A commercial developments while increasing capacity in key office markets.
Source Reuters
Advertisement
Facebook
Whatsapp
