WeWork India opens its 50th location and expands into the country's capital
By siliconindia | Monday, 21 August 2023, 02:00:30 PM IST
The largest workplace provider in India, WeWork, has leased 54,000 square feet of office space in New Delhi, becoming its 50th workspace in the nation. The new structure also commemorates WeWork India's entry into New Delhi. With 700 desks, the recently opened building provides offices adapted to shifting company needs. WeWork India opens its seventh site in New Delhi with the opening of the Eldeco Centre.
Karan Virwani, CEO of WeWork India, said, “The launch of our 50th workspace marks a massive milestone for WeWork India and the impact we have made on the flex-space industry. When we opened our first building in 2017, we set out with the objective of revolutionizing the way India works and over the course of these 50 workspaces, we have achieved that goal while being sustainable and profitable. The past few years have clearly highlighted that the future of work is flexible, and India Inc is increasingly adopting flex working as a way of life. This is a thriving time for the workspace industry, with demand at an all-time high, and it was the ideal time for us to enter New Delhi. As we grow, we will continue to provide the finest and most innovative workplaces to businesses of all sizes.”
The newly built Eldeco Centre is located in close proximity to Malviya Nagar metro station, easily accessible, and offers state-of-the-art infrastructure and F&B experience, marking WeWork India’s entry into New Delhi. With a focus on innovation and custom product solutions, WeWork India is poised to continue its growth trajectory and drive the evolution of the flexible workspace industry in India. Wework India has leased over 3 lakh sq ft office space across three assets in Bangalore, Hyderabad and Delhi to expand its presence amidst a hybrid work model in the last six months.
“We have sold over 20,000 desks to companies, the highest ever, in the last six months. We plan to sign around 20,000 desks annually to tap on the growing managed and flexible office demand in the country,” said Virwani. Some of its top clients include Amdocs, Equinix, 3M, Khaitan & Co., Zepto, RIIV India, Fynd, DocuSign, Mesa School of Business, Vonage and Junglee Games Since entering the Indian market in 2017, WeWork India has been spearheading the concept of flexible workspaces and driving the future of work with over 6.5 million sq. ft of assets signed across 50 locations in 7 cities - New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune and Hyderabad.
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