TEC, Asia’s largest premium flexible workspace provider, is planning to invest over INR 180 crore in India in the first quarter of 2025 to establish new centres in Mumbai, Pune, and Bengaluru. The investment will expand TEC India’s portfolio by over 2.38 lakh square feet of office space.
The company is investing over INR 124 crore in Mumbai to establish a new centre spanning 1.3 lakh square feet within the Prestige 101 complex. In Pune, it will invest over INR 26 crore to establish a new centre at Mapletree in Kharadi. In Bengaluru, it will invest over INR 30 crore to secure 55,844 square feet of space at Helios Business Park.
The Executive Centre (TEC), a leading provider of premium flexible workspaces in the Asia-Pacific region, has announced plans to invest ₹125 crore to expand its footprint across India. This strategic move aims to capitalize on the growing demand for flexible office solutions in key Indian cities.
Expansion Details
TEC’s investment will facilitate the opening of eight new centers, adding approximately 275,000 square feet to its existing portfolio. The targeted cities for this expansion include.
- Hyderabad: Expansion to support the city’s growing IT and startup ecosystem.
- Mumbai: Additional centers to serve the financial and corporate sectors.
- Bengaluru: New spaces to accommodate the tech industry’s flexible workspace needs.
- Gurgaon and New Delhi: Enhanced presence in the National Capital Region to meet increasing demand.
Three of these centers are already operational, reflecting TEC’s commitment to rapid deployment.
Rationale Behind the Expansion
The decision to invest heavily in the Indian market is driven by several factors:
- Rising Demand: Post-pandemic work models have led to a surge in demand for flexible workspaces, with many corporations adopting hybrid work arrangements.
- Economic Growth: India’s robust economic performance has attracted multinational companies, increasing the need for premium office spaces.
- Strategic Locations: Cities like Mumbai, Bengaluru, and Hyderabad are major business hubs, making them ideal for TEC’s expansion plans.
TEC’s Market Position
With this investment, TEC aims to solidify its position as a leader in the flexible workspace sector. The company currently operates over 50 centers across India, encompassing approximately 1.5 million square feet.
The planned expansion aligns with TEC’s goal to double its portfolio by 2027, reflecting a commitment to sustained growth in the region.
Future Outlook
Looking ahead, TEC plans to invest an additional ₹200 crore in 2025 to add close to 400,000 square feet of workspace in India.
This continued investment underscores the company’s confidence in the Indian market and its dedication to meeting the evolving needs of businesses seeking flexible and premium office solutions.
In summary, TEC’s ₹125 crore investment marks a significant step in expanding its presence across India, catering to the increasing demand for flexible workspaces in major urban centers. This strategic expansion is poised to strengthen TEC’s market position and support the dynamic business landscape in India.
Group Media Publication
Construction, Infrastructure and Mining
General News Platforms – IHTLive.com
Entertainment News Platforms – https://anyflix.in/
%20/23%20cimr%204.jpg "India is selected to host the ICCC Conference in 2027.")