Coworking Space

Co-working centre operators have leased over 1.91 lakh seats to corporates across top 8 cities during January-June period, a 68 per cent annual increase, amid rising demand for flexible managed office spaces, according to Cushman & Wakefield. These operators leased 1,91,306 desks during the first six months of this year as against 1,13,623 in the year-ago period. Real estate consultant Cushman & Wakefield noted that corporates are increasingly preferring to adopt flexible workspace solutions offered by the coworking operators. As per the data, the leasing of coworking seats in Bengaluru rose 32 per cent to 57,487 desks in the January-June period from 43,616 desks in the corresponding period of the preceding year. In Hyderabad, the coworking operators leased 40,451 desks during January-June 2026, a more than two fold jump from 14,936 units in the year-ago period. Mumbai too saw a sharp jump as coworking operators leased 25,820 desks in the first half of this year as against ...

The managed office space provider reported a net profit of ₹13.14 crore in the June quarter against a year-ago loss, while revenue increased 44% on strong business growth

Bhive Workspace plans to add around 1 million sq ft capacity in 2026 with an investment of up to ₹300 crore, expanding its campus model across key micro-markets in India

Value-based cost models vs direct leasing adds premium to opertors' earnings

Executive Centre India Limited is one of the early international brands to offer premium flexible workspace solutions in India

Minimalist Hotels and Bloom Hotels have adapted hotel spaces into flexible work zones

India to be among the firm's top three global markets in 3-4 years

Workspace aggregator Stylework has secured Rs 30 crore in pre-Series B funding to boost its tech platform, expand across markets and strengthen leadership hiring amid rapid growth in India's flexible

Smartworks has leased 815,000 sq ft from the Hiranandani Group's Eastbridge campus in Mumbai to build what it calls the world's largest managed workspace, set to open in late 2026

On the BSE, Dev Accelerator stock opened at ₹61.3, marginally up from the issue price of ₹61. The listing price of Dev Accelerator was below the grey market estimates

UrbanVault has partnered with Embassy Group to lease 80,000 sqft at Manyata Tech Park in Bengaluru, adding 2,000 premium seats and expanding its national portfolio to 2.58 million sqft

Indiqube Spaces aims to raise ₹700 crore through a combination of a fresh issue of 27.4 million equity shares worth ₹650 crore and an OFS of 2.1 million shares

Retail investors lead the demand, by subscribing to their reserved portion by 5.83 times so far on July 24

WeWork India Management has received approval from the Securities and Exchange Board of India to launch its initial public offering

Smartworks Coworking IPO opens today: Analysts believe that the IPO is fully priced and recommend a "Subscribe- Long term" rating

Smartworks Coworking was the largest managed campus operator among the benchmarked operators in terms of total stock as of March 31, 2024

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has said that the company's total debt stood at Rs 382 crore at the end of April. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "Our total outstanding borrowings as on April 30, 2025, were Rs 3,819.67 million, on a consolidated basis," the company said in a Red Herring Prospectus (RHP) filed with SEBI. Smartworks will hit the capital market on July 10 to launch its Initial Public Offering (IPO). The issue will close on July 14. The company has revised its IPO size downward. The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer For Sale (OFS) by promoters has been cut to 33.79 lakh shares from 67.59 lakh shares. Out of the total proceeds from the fresh issue of shares, the company will use Rs 226 crore for capital expenditure related to the fit-outs in new centres and security deposits for these ne

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal year from Rs 1,039.36 crore in the preceding year, according to red herring prospectus (RHP) filed by the company. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in the RHP. Smartworks said it aims to generate and sustain increased revenue levels and decrease proportionate expenses in future periods to achieve profitability. Smartworks will hit the capital market on July 10 to launch its initial public offering (IPO). The issue will conclude on July 14. The company has rev

The company adds over 700 desks in Gurgaon and plans to close FY26 with an annual run rate of ₹250 crore, with further expansion across Noida, Pune and Bengaluru

Co-working centre operators have rented 65 lakh square feet of office space during the January-June period this year across seven major cities, up 48 per cent on an annual basis, on rising demand for managed and flexible workspaces from corporates, according to Colliers India. Co-working operators leased 44 lakh square feet in the corresponding period of 2024 calendar year across seven cities -- Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Pune and Bengaluru. The co-working operators take office spaces on rent from real estate developers and property owners and then sub-lease it to corporates of all sizes. Although many corporates have started opting managed office space provided by co-working operators to save cost and hassles, a large number of companies still take conventional workspaces directly from builders and property owners. Colliers India data showed that the total gross leasing or absorption of office space rose 13 per cent to 337 lakh (33.7 million) square feet durin