TEC Plans to Invest ₹180 Cr TO Expand Across India
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.”
