WeWork India Opens New Centre in Bengaluru, Hits 1 Lakh Desks
By Rediff Money Desk, New Delhi Dec 05, 2024 14:31
WeWork India has opened a new 1.10 lakh sq ft centre in Bengaluru, bringing its operational portfolio to 1 lakh desks. The company is expanding rapidly across India, meeting the growing demand for flexible workspaces.
New Delhi, Dec 5 (PTI) Co-working major WeWork India on Thursday said it has opened a new centre in Bengaluru comprising 1.10 lakh sq feet office space, helping the company reach an operational portfolio of 1 lakh desks.
Since its inception in India in 2016, WeWork India has expanded across 62 locations across eight cities -- Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad, a company statement said.
"We opened our first building in 2017 in Bengaluru, and have since expanded across eight cities. As we open another building in Bengaluru, it gives us absolute joy to hit the 1 lakh+ desk with the same city," said Arnav S Gusain, Chief of Supply, WeWork India.
"As the demand for flexible workspaces continues to rise, we aim to empower businesses to scale, and achieve sustained growth with our comprehensive suite of services," he added.
WeWork India will soon open two new centres in Gurugram and Chennai and has already taken spaces from DLF in both cities.
In Gurugram, the company will have over 1,400 desks across 1.17 lakh sq ft. In Chennai, there will be 1,900 desks spread across 1.26 lakh square feet.
According to real estate consultant Vestian, Indian flexible office space operators had a portfolio of 67 million sq ft of prime office space till June this year and the number is set to cross 100 million sq ft by 2026-end.
The flexible office market has "witnessed a demand shift post-pandemic from startups and SMEs to large conglomerates owing to flexibility and cost advantages".
Since its inception in India in 2016, WeWork India has expanded across 62 locations across eight cities -- Chennai, New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune, and Hyderabad, a company statement said.
"We opened our first building in 2017 in Bengaluru, and have since expanded across eight cities. As we open another building in Bengaluru, it gives us absolute joy to hit the 1 lakh+ desk with the same city," said Arnav S Gusain, Chief of Supply, WeWork India.
"As the demand for flexible workspaces continues to rise, we aim to empower businesses to scale, and achieve sustained growth with our comprehensive suite of services," he added.
WeWork India will soon open two new centres in Gurugram and Chennai and has already taken spaces from DLF in both cities.
In Gurugram, the company will have over 1,400 desks across 1.17 lakh sq ft. In Chennai, there will be 1,900 desks spread across 1.26 lakh square feet.
According to real estate consultant Vestian, Indian flexible office space operators had a portfolio of 67 million sq ft of prime office space till June this year and the number is set to cross 100 million sq ft by 2026-end.
The flexible office market has "witnessed a demand shift post-pandemic from startups and SMEs to large conglomerates owing to flexibility and cost advantages".
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Kretto Syscon
- 1.02 (+ 4.08)
- 66881006
- Shree Securities
- 0.45 (+ 12.50)
- 60278969
- Mishtann Foods L
- 9.67 ( -1.73)
- 59217815
- Vodafone Idea L
- 7.87 ( -1.99)
- 45227161
- YES Bank Ltd.
- 21.21 ( -1.71)
- 26456481
MORE NEWS
Dish TV Shareholders Reject Appointment of Ind...
Dish TV shareholders have rejected the proposal to appoint two independent directors,...
India Needs Investment in Roads, Ports, Energy:...
Veteran banker KV Kamath stresses the need for increased investment in roads, ports,...
IGI IPO: Blackstone-Backed Gem Firm Raises Rs...
International Gemmological Institute (IGI) has raised Rs 1,900 crore from anchor...