TEC (The Executive Centre), Asia’s largest premium flexible workspace provider with presence in 16 markets across Asia-Pacific and the Middle East, plans to expand its footprint further in India. As part of their strategic expansion plan, TEC will invest over INR 180 crore in the first quarter of 2025 to establish new centres in Mumbai, Pune, and Bengaluru.
This investment will expand TEC India’s portfolio by over 2.38 lakh square feet of office space. In Mumbai, the company is investing over INR 124 crore to establish a new centre spanning 1.3 lakh square feet within the esteemed Prestige 101 complex in BKC.
Concurrently, TEC is demonstrating its commitment to growth in Pune with an investment exceeding INR 26 crore to establish a new centre occupying 51,975 square feet at Mapletree in Kharadi. Furthermore, in Bengaluru, TEC is investing over INR 30 crore to secure 55,844 square feet of space at Helios Business Park on Outer Ring Road. Speaking about the expansion, Manish Khedia, Managing Director, West India, South India & Sri Lanka, The Executive Centre said, “India remains one of the largest and fastest-growing markets for TEC.
Our substantial investment in new centres across Mumbai, Bengaluru, and Pune reflects our strong confidence in the Indian market and our commitment to offering flexible, premium workspace solutions. With an investment of over INR 180 crore, we will be adding close to a quarter million square feet of space across these three cities.
This expansion is driven by robust office leasing growth, fueled by both domestic and international demand. According to a Knight Frank report, office space leasing in 2024 has seen a 21% year-on-year increase, reaching a total absorption of over 70 million square feet. The rising demand for flexible and agile workspaces, particularly in the IT and ITES sectors, continues to shape this trend.
With 30 years of global expertise, TEC is well-positioned to provide modern, high-quality workspaces that enable businesses to scale and adapt efficiently, shaping the future of work in India.” Built to global standards, the centres provide a diverse array of facilities promoting both productivity and work-life balance. These include private fitness centres, wellness rooms, nursing rooms, business lounges, barista bars, a library, private phone booths, video gaming zones, and collaborative areas.
Over the past three decades, TEC has firmly established itself as a trusted partner for businesses of all sizes, delivering world-class facilities, unparalleled service, innovation, and quality. TEC has seen 30 years of sustainable expansion, consecutive profitability, and excellence. TEC currently operates in 16 markets and 36 cities, serving a global community of over 51,000 members.
In October 2024, TEC announced an investment of INR 125 crore to establish eight additional centres across Chennai, Hyderabad, Mumbai, Bengaluru, Gurgaon, and New Delhi. The additional INR 180 crore investment underscores the company’s confidence in the Indian market.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
