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The company eyes a rental revenue of Rs 700 crore with the upcoming developments. In FY25 the company plans to add 2 msf of managed working spaces with a potential revenue of Rs 1,000 crore in Bengaluru.
WeWork India, Smartworks, Awfis, Table Space and IndiQube - which contribute more than half of the domestic flexible workspace industry - are also looking to add 12 million sq ft in the next financial year even as SoftBank Group-backed startup WeWork filed for US bankruptcy protection earlier this month.
Indian wing of WeWork is majority-owned by the Embassy Group
Get latest articles and stories on Latest News at LatestLY. The office market in Delhi-NCR remained active last year despite the COVID-19 pandemic, with Gurugram witnessing a nearly two-fold jump in gross leasing to 4 million square feet, according to Colliers India. Latest News | Gross Office Leasing in Gurugram Jumps Nearly Two-fold, Noida Sees Slight Rise in 2021.
NEW DELHI, Jan 23: The office market in Delhi-NCR remained active last year despite the COVID-19 pandemic, with Gurugram witnessing a nearly two-fold jump in gross leasing to 4 million square feet, according to Colliers India. Gross leasing of office space in Gurugram stood at 2.1 million square feet during 2020. Noida saw a marginal increase in gross leasing of office space at 2.1 million square feet during the 2021 calendar year as against 1.9 million square feet in the […]