WeWork India Management Limited has informed the Exchange regarding a media release dated March 25, 2026, titled "WeWork India accelerates Bengaluru expansion, invests Rs. 31 crore to add 81,000 sq. ft. at Embassy Vertex".
WEWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
WeWork India has signed a 10-year lease to add a new centre called WeWork Embassy Vertex in Bengaluru's Central Business District on Residency Road. The company will invest Rs. 31 crore to set up ~81,000 sq. ft. of workspace spread across six floors, offering 1,250+ desks. The new centre is set to open in Q1 FY27, taking the company's Bengaluru footprint to 29 centres. WeWork India currently operates 73 centres across 8 cities with over 1.21 lakh desks and 8.2 million sq. ft. of total space. Management cited Bengaluru's position as India's most active office market (~25% of total leasing in Jan-Sep 2025) and the city's leadership in GCC leasing (~40% share in Q1 2025) as drivers for expansion.
This signals continued growth momentum and deepening presence in Bengaluru, which is the company's strongest market. For shareholders, the Rs. 31 crore investment in a 10-year lease reflects management's confidence in sustained demand for flexible workspaces, though the long lock-in period adds lease commitment risk. The expansion should support future revenue growth once operational in Q1 FY27.