WeWork India venturing into Noida market with 3 co-working centres

WeWork India is entering into the Noida market. The company, owned by realty firm Embassy Group, has taken on lease over 3 lakh sq ft office space to launch three coworking centres with nearly 3,900 seats in the city.

In Noida, WeWork has taken on lease nearly 1.4 lakh sq ft area from Berger Group, 74,000 sq ft from Logix and around 92,000 sq ft from Advant for three new facilities.

Presently, WeWork has 26 operational coworking centres with 46,000 seating capacity. The company has 9 centres in Bengaluru, 10 in Mumbai, 6 in Gurugram and one in Pune.

WeWork spokesperson said, “We are seeing an uptick in the demand for collaborative spaces by large enterprises because of flexible lease terms, lower deposit requirements, overall cost reduction as well as plug-and-play simplicity that collaborative spaces offer. Keeping this demand in mind, WeWork is now strengthening its presence by entering the Noida market.”

Sunil Sharma, Managing Director, Advant India, added, “We are very happy to announce our partnership with WeWork India as they enter Noida. Demand for office space in Noida is growing at a fast rate owing to the presence of service industries, large corporations and media hubs all of which are now looking to work out of a collaborative workspace that caters to all their requirements.”

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