The Executive Centre (TEC) is boosting its flexible workspace presence by leasing 465,000 sq ft across Bengaluru, Hyderabad, and Chennai, adding more than 6,000 workstations. The move targets rising demand from Global Capability Centers and multinational corporations, highlighting how South India’s office market is increasingly shifting toward scalable, flexible setups rather than long, fixed leases.
WeWork India has opened a new coworking centre in Aerocity, New Delhi, expanding its flexible workspace footprint with 1.1 lakh sq ft and more than 1,400 desks. The launch comes as demand for flexible office setups grows and takes the company’s Delhi-NCR count to 17 centres. WeWork India also operates across eight cities nationwide.
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Smartworks has logged its second straight profitable quarter, reporting a consolidated net profit of ₹16.6 Cr in Q4 FY26 versus a loss of ₹8.3 Cr a year earlier. Revenue surged 45% to ₹519.7 Cr, pushing total income to ₹532.7 Cr. Full-year FY26 also swung to a ₹10.5 Cr profit as growth accelerated despite rising expenses.
WeWork India has signed a long-term lease for more than 204,000 sq ft of office space in Pune’s Wakad area. The flexible workspace firm will occupy five floors at Phoenix Millennium Tower 3, with monthly rents beginning at ₹73 per sq ft. The deal underscores fast-growing demand for managed workspaces in emerging Pune hubs.
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