Workspace solutions provider The Executive Centre (TEC) India has opened its new coworking facility, spanning 94,100 sq ft and over 1,000 desks, in Gurugram as part of its expansion plan. According to reports from The Economic Times, the company launched the new centre at DLF's commercial project 'Atrium Place' on Tuesday. The facility caters to international companies in search of innovative workplace solutions and flexible arrangements, aligning with the company's strategic vision for growth and commitment to vibrant business ecosystems. This opening marks a sizeable single-site expansion for the operator, which has been building its India footprint since 2008 as part of the TEC Group.
Paul Salnikoff, Managing Director and Chief Executive Officer of The Executive Centre, stated that Gurugram continues to be one of India's most dynamic business destinations, attracting global enterprises that expect more from their workplaces than ever before. As reported by The Economic Times, the Hong Kong-based company provides flexible managed workspaces and has over 260 centres in 38 cities and 15 markets, including India. The company already runs multiple centres in Gurugram, including locations at DLF Cyber City, One Horizon Center and Two Horizon Center, all in established Grade A business districts. The Gurugram opening adds a significant block of managed workspace capacity to one of the Delhi-NCR region's busiest commercial corridors.
In January, TEC India secured capital market regulator Sebi's approval to raise ₹2,600 crore through an initial public offering (IPO). According to The Economic Times, this expansion comes amid a surge in demand for flexible workspace solutions. The company received SEBI approval earlier this year for the ₹2,600-crore IPO, signalling that it is preparing to access public capital to fund further growth. The Gurugram opening fits this pattern of scaling ahead of a market listing, reflecting the broader momentum in India's flexible office segment.
According to real estate consultant Vestian, office leasing stood at a record 23.9 million sq ft in the June quarter across seven major cities, representing an increase of 27 per cent year-on-year. As reported by The Economic Times, managed offices, coworking, and flexible spaces remained the second-largest occupier category with a 22 per cent share, reflecting occupiers' growing preference for agile workplace solutions. According to Colliers India, co-working operators leased 13 million sq ft of Grade A office space in 2025, with flex space accounting for nearly 18 per cent of total gross office leasing across seven major cities that year. The cluster of large launches in Gurugram reflects both steady occupier appetite and continued landlord willingness to lease to flex providers.
