WeWork Leases 1.75 Lakh Sq Ft In Hyderabad, Sub-Lets To JP Morgan

09 Dec 2025 CW Team

The agreements—first between Mahanga Commercial Properties and WeWork, and then between WeWork and JP Morgan—were registered in November 2025. In the primary lease registered on 7 November, WeWork agreed to a starting rent of Rs 98 per sq ft and paid a security deposit of Rs 103 million for the 1.75 lakh sq ft premises.

Six days later, on 13 November, WeWork signed a General Service Agreement with JP Morgan, sub-leasing 1.76 lakh sq ft at Rs 249 per sq ft. The significant rent spread reflects the premium attached to WeWork’s fit-outs, amenities and custom workspace design, alongside rising demand for fully managed offices from large corporates.

JP Morgan has taken 1,501 desks across the fifth and sixth floors, along with 176 car parks, and has paid a security deposit of Rs 259 million.

Skyview 20, located on Hitech City Main Road, is part of the larger Skyview campus in Hyderabad’s premier technology corridor. The development has attracted strong leasing from global financial and technology firms owing to its proximity to major corporate hubs, metro access and preference for high-density office environments.

Earlier this year, JP Morgan pre-leased 1.16 lakh sq ft in a Bandra Kurla Complex tower developed by Goisu Realty Private Limited, a subsidiary of Japan’s Sumitomo Realty & Development Company, for a monthly rent of Rs 691 million on a 10-year lease, documents accessed by Propstack showed.

India now leads the Asia-Pacific flexible workspace market with 79.7 million sq ft across the top eight cities as of Q2 2025. The total is expected to reach 85 million sq ft by year-end and exceed 100 million sq ft in 2026, according to Cushman & Wakefield. Bengaluru tops the list with 21.1 million sq ft, followed by Delhi-NCR, Pune and Hyderabad.

In one of Hyderabad’s largest recent office-space transactions, WeWork India has leased 1.75 lakh sq ft at Skyview 20, a Grade-A tech park, on a five-year term at a starting monthly rent of Rs 172 million. The flexible workspace operator has sub-leased the entire two-floor area to JP Morgan Services India Pvt Ltd for 60 months at a starting monthly rent of Rs 438 million, according to documents accessed by CRE Matrix. The agreements—first between Mahanga Commercial Properties and WeWork, and then between WeWork and JP Morgan—were registered in November 2025. In the primary lease registered on 7 November, WeWork agreed to a starting rent of Rs 98 per sq ft and paid a security deposit of Rs 103 million for the 1.75 lakh sq ft premises. Six days later, on 13 November, WeWork signed a General Service Agreement with JP Morgan, sub-leasing 1.76 lakh sq ft at Rs 249 per sq ft. The significant rent spread reflects the premium attached to WeWork’s fit-outs, amenities and custom workspace design, alongside rising demand for fully managed offices from large corporates. JP Morgan has taken 1,501 desks across the fifth and sixth floors, along with 176 car parks, and has paid a security deposit of Rs 259 million. Skyview 20, located on Hitech City Main Road, is part of the larger Skyview campus in Hyderabad’s premier technology corridor. The development has attracted strong leasing from global financial and technology firms owing to its proximity to major corporate hubs, metro access and preference for high-density office environments. Earlier this year, JP Morgan pre-leased 1.16 lakh sq ft in a Bandra Kurla Complex tower developed by Goisu Realty Private Limited, a subsidiary of Japan’s Sumitomo Realty & Development Company, for a monthly rent of Rs 691 million on a 10-year lease, documents accessed by Propstack showed. India now leads the Asia-Pacific flexible workspace market with 79.7 million sq ft across the top eight cities as of Q2 2025. The total is expected to reach 85 million sq ft by year-end and exceed 100 million sq ft in 2026, according to Cushman & Wakefield. Bengaluru tops the list with 21.1 million sq ft, followed by Delhi-NCR, Pune and Hyderabad.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..