Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
WeWork India has secured a managed office agreement worth approximately INR 475 crore with TMUS India for a large workspace in Hyderabad. The project spans over 2.5 lakh sq ft across five floors and will accommodate more than 1,500 workstations under a long-term arrangement. The deal reflects sustained demand for flexible and managed office solutions from multinational corporations and global capability centres. Hyderabad continues to attract large occupiers due to its established technology ecosystem and commercial infrastructure. The transaction highlights a shift in leasing preferences towards customised, scalable workspaces managed by specialised operators rather than conventional long-term leases.
WeWork India has entered into a managed office agreement with TMUS India for a large workspace in Hyderabad, with the total deal value estimated at around INR 475 crore, according to details shared in the past week. Advertisement
The project will be developed within the Phoenix H10 commercial complex and spans approximately 2.5 lakh sq ft, distributed across five floors. The workspace is designed to accommodate around 1,500 workstations and will be delivered as a fully managed office solution. Under the agreement, WeWork India will oversee design, execution, and operational management of the facility.
The contract is structured over a five-year tenure, with a committed lock-in period forming a significant portion of the agreement. The facility is expected to be operational by mid-2026, aligning with the occupier's expansion plans in the region.
The transaction reflects the growing adoption of managed office models among large enterprises, particularly global capability centres (GCCs), which are increasingly seeking flexibility in workspace planning. Such arrangements allow companies to scale operations while outsourcing infrastructure management to specialised providers.
Hyderabad has emerged as a preferred destination for such large-scale office transactions, supported by its established technology ecosystem, availability of Grade A office space, and competitive cost structures. The city has consistently attracted multinational firms looking to expand their presence in India.
Industry trends indicate that managed office operators are expanding their focus beyond startups and small businesses to cater to enterprise clients. This shift is driven by changing workplace strategies, where companies prioritise flexibility, efficiency, and employee-centric design.
For WeWork India, the agreement adds to its enterprise portfolio and strengthens its presence in Hyderabad's commercial real estate market. The company has been scaling its operations to address demand from corporates seeking customised workspace solutions.
The deal also highlights a broader transformation in India's office leasing landscape, where traditional long-term leases are increasingly being complemented by flexible and managed workspace models. As occupier preferences continue to evolve, such partnerships are expected to play a larger role in shaping demand across key office markets.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
