Set to tentatively open in August 2023, this new property is spread across 54,000+ sq. ft with over 700 desks
In line with its strategic vision for long-term growth and expansion, leading flexible workspace provider - WeWork India announced its entry into Delhi commercial real estate market by leasing over 54,000 sq. feet of space at Eldeco Centre, New Delhi, a premium office building by Eldeco. The upcoming centre shows India's growing demand for flexible workspaces and WeWork’s robust growth.
The National Capital is a key area for business leading to a thriving demand for workspaces, thus making it an extremely coveted expansion for WeWork India. With a total of 9 locations across Noida and Gurgaon, the new lease agreement marks a strategic move to strengthen WeWork India’s presence in Delhi NCR region with yet another asset-light structure. Set to open around August 2023, the newly built Eldeco Centre is located in close proximity to Malviya Nagar metro station. This provides ease of access for commute and is one of the best locations in South Delhi offering state-of-the-art infrastructure and unmatched F&B experience. Keeping intact the rich essence of the Mughal culture, the property is an ode to the ‘Old Delhi’ charm.
Speaking about the expansion, Arnav S. Gusain, Head of Real Estate & Product, WeWork India, said “The office sector in India has seen a steady recovery post the pandemic and Delhi has been among the key cities that have dominated the flex space growth. With an escalating need for flexible workspaces that are customisable and delightful, WeWork India is all set to strengthen its presence in Delhi NCR and tap into a very key city with ELDECO Centre. We are confident that businesses across the board in the capital city will find deep value in our proposition and we will continue providing the finest and most innovative workplaces at prime locations in the country.”
Commenting on the alliance, Pankaj Bajaj, Chairman of Eldeco Group said, “Eldeco Centre is our new upmarket office building in the heart of South Delhi offering a perfect blend of world-class office spaces and eclectic F&B brands. Eldeco Centre has a unique design with three storeys high arrival atrium and sandstone façade inspired by Rai Pithoragarh Fort in the vicinity. The upper floors of the building have vast uninterrupted green views with a glimpse of Qutub Minar in the background. The Complex also features a great landscaped plaza which is truly difficult to find in the city centre location. Eldeco Centre is strategically located next to Malviya Nagar metro station, close to multiple shopping malls, hospitals, and F&B hubs. We are excited to have WeWork India at Eldeco Centre and are confident that they will achieve high occupancy levels within no time at their first Delhi office.”
WeWork India’s continued expansion across cities exemplifies its reliability as a brand and is a reflection of its strong relationships with all stakeholders, including landlords, IPCs and members. By driving innovation through customised product solutions, WeWork India will continue its growth trajectory in changing the landscape of flexible workspaces in the WeWork India’s continued expansion across cities exemplifies its reliability as a brand and is a reflection of its strong relationships with all stakeholders, including landlords, IPCs and members. By driving innovation through customised product solutions, WeWork India will continue its growth trajectory in changing the landscape of flexible workspaces in the country.
About WeWork India
WeWork is India’s largest office space provider, aimed at creating flexible workspace solutions for companies of all sizes. Since entering the Indian market in 2017, WeWork India has been spearheading the concept of flexible workspaces and driving the future of work with over 6.5 million sq. ft of assets signed across 45 locations in NCR, Mumbai, Bengaluru, Pune and Hyderabad.
About Eldeco Group
Established in 1985, Eldeco Group is a North India focused real estate developer with strong presence in Tier 2 cities. The Group operates in Lucknow through the listed entity Eldeco Housing & Industries Limited (EHIL) and in the rest of India through the privately held Eldeco Infrastructure & Properties Limited (EIPL). Eldeco Group has delivered 175 projects with approximately 30 million sq. of real estate development. Besides these, the Group has 30 projects with 35 million sq. in various stages of execution. Apart from Lucknow, Kanpur, Noida and Gurugram, Eldeco is a leading real estate developer in key cities of North India such as Panipat, Sonipat, Ludhiana, Bareilly, Panchkula, and Jalandhar.
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