WeWork India has executed one of the country’s largest office space transactions of the year after signing a massive ₹4.4 crore monthly sub-lease agreement with JPMorgan in Hyderabad. The deal, finalized in mid-November, marks a major strategic win for the flexible workspace provider and reinforces its return to financial stability after years of turbulence.
The agreement grants JPMorgan the entire 1.75 lakh sq ft workspace at Skyview 20 in Hitech City, one of Hyderabad’s fastest-growing commercial districts. Operations formally began on November 15, 2025, cementing JPMorgan’s long-term commitment to expanding its Global Capability Center (GCC) network across India.
A High-Value Deal That Reshapes Hyderabad’s Office Market
WeWork secured the space through a primary lease on November 7, renting it at ₹98 per sq ft per month. Just six days later, the company sub-leased the property to JPMorgan at a premium ₹249 per sq ft, creating a 2.5x rental spread—a clear indication of renewed demand for high-grade flexible office solutions.
The sub-lease includes 1,501 desks and 176 dedicated parking slots, addressing key infrastructure needs for JPMorgan’s expanding workforce. The global banking giant furnished a ₹25.97 crore security deposit and locked in a five-year lease, reinforcing its long-term operating strategy in India’s newest financial and tech hub.
Industry analysts view JPMorgan’s expansion as a strong vote of confidence in Hyderabad’s workforce quality, infrastructure, and business-friendly environment.
JPMorgan Deepens Its India Footprint
The banking major has steadily expanded its Indian operations over the past decade, but the scale of this Hyderabad lease signals a significant acceleration. The new facility will support multiple technology and financial service functions, further integrating India into JPMorgan’s global delivery network.
Hyderabad’s ability to attract such mega-deals highlights its rising status alongside Bengaluru, Mumbai, and Pune as a Tier-1 commercial destination. Talent availability, lower operational costs, and rapid urban development continue to drive multinational interest.
WeWork’s Financial Turnaround Gains Traction
The sub-lease is also a milestone in WeWork India’s comeback narrative. After navigating global restructuring and financial pressure, the company has posted a series of positive results:
17.2% YoY revenue growth in Q2 FY26
₹585.5 crore quarterly revenue
45% QoQ EBITDA growth, reaching ₹118.4 crore
77% global occupancy, with India outperforming several regions
WeWork India went public on October 10, 2025, strengthening its capital base and expanding investor confidence. It now operates 68 centers across 7.67 million sq ft with over 1,14,000 desks.
The JPMorgan deal alone deploys more than 67,000 sq ft of capital, supporting management’s forecast of 20% revenue growth in FY26.
Hyderabad’s Commercial Real Estate Momentum Accelerates
Demand for flexible workspaces in major Indian metros continues to surge, with adoption still under 10% but growing rapidly. Large enterprises increasingly prefer fully managed offices that eliminate long build-out timelines and reduce capex.
Analysts expect India’s flex workspace market to expand to 126 million sq ft by 2028 at a 15% CAGR. Deals like JPMorgan’s validate this trend, especially in emerging hubs such as Hyderabad where premium plug-and-play facilities remain underpenetrated.
WeWork’s ability to secure one of the year’s biggest commercial transactions showcases how multinational corporations are embracing flexible work models as part of long-term strategy—not just temporary solutions.
