WeWork India to Add 3,300 Desks in Hyderabad with ₹100 Crore Investment
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CNBC TV18•29-01-2026, 22:19
WeWork India to Add 3,300 Desks in Hyderabad with ₹100 Crore Investment
- •WeWork India announced a significant expansion in Hyderabad, adding approximately 3,300 desks to its co-working capacity.
- •The expansion, expected to be completed by June 2026, involves an estimated investment of ₹100 crore, funded by debt and internal accruals.
- •This move aims to meet growing demand and support the company's business growth plans, building on its current 83.9% utilization rate.
- •WeWork India plans to add 25,000–30,000 seats in FY27, maintaining a 20% capacity addition pace, driven by enterprise deals and flexible office spaces.
- •The company's shares closed down 2.33% on the BSE following the announcement.
Why It Matters: WeWork India is investing ₹100 crore to add 3,300 desks in Hyderabad, signaling major expansion plans.
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