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 and enhancing its research and development (R&D) initiatives to drive innovation in engineering and technology solutions. Additional centers to serve the financial and corporate to 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.
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.
Technology and Engineering Consortium (TEC) has announced an ambitious investment of ₹180 crore to expand its presence across India. This strategic expansion will focus on strengthening its manufacturing TO ALL capabilities, establishing new facilities.
The investment will be allocated towards setting up new production units in key industrial regions, upgrading existing facilities, and integrating advanced automation technologies. TEC aims to improve efficiency, boost production capacity, and cater to the growing demand for high-quality engineering solutions in sectors such as infrastructure, energy, and manufacturing.
A significant portion of the investment will also be directed towards R&D, enabling TEC to develop cutting-edge solutions that align with India’s vision for sustainable and smart infrastructure. The company plans to collaborate with academic institutions and industry leaders to foster innovation and accelerate the adoption of advanced technologies.
TEC’s expansion is expected to create numerous job opportunities, contributing to economic growth and skill development in the country. By focusing on sustainable and efficient engineering practices, the company aims to strengthen its market position while supporting India’s industrial growth and self-reliance initiatives.
With this ₹180 crore investment, TEC is set to reinforce its commitment to technological excellence, sustainability, and nationwide expansion, ensuring long-term growth in the evolving industrial landscape.
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