NEW DELHI: WeWork India Management has entered into a managed office agreement with TMUS India for a workspace spread across approximately 250,348 sq ft in Hyderabad, as part of its expansion in the city.
The contract involves providing 1,507 workstations across five floors at Phoenix H10 and has a tenure of 60 months, with a committed period of 42 months. The total contract value stands at around ₹475.49 crore, excluding taxes.
Under the agreement, WeWork will design, develop and manage the office space. The project is expected to be completed by May, 2026.
The development follows the company’s earlier announcement in January 2026 regarding a lease agreement for the same property, aimed at adding around 3,300 desks to its portfolio in Hyderabad.
The capacity addition is expected to be operational by June 2026, with an estimated investment of ₹100 crore, to be funded through a mix of debt and internal accruals.
