India Accelerator has entered into a strategic partnership with International Real Estate Partners (IREP) to roll out a new managed workspace platform, IREPworkspaces, in the National Capital Region (NCR). Under the agreement, the collaborators plan to invest ₹100 crore over the next 18 months to develop flexible office facilities catering to startups, mid-sized firms, and larger enterprises.
The investment will support the creation of around nine lakh square feet of managed office space across key commercial micro-markets in NCR, including Golf Course Extension Road, Udyog Vihar, and the Noida Expressway. As part of the initial phase, IREPworkspaces aims to launch 12–15 managed workspace centres, offering approximately 15,000 work seats.
So far, the venture has already secured approximately 1.5 lakh sq ft of space. Over the coming quarters, it plans to acquire an additional 7–8 lakh sq ft to expand its footprint further and meet rising demand for flexible office options.
IREP’s role in the partnership will be to provide its global expertise in integrated real estate and facilities management, leveraging operations across more than 70 countries to ensure efficient workspace delivery and management. India Accelerator, on the other hand, will support market access and tenant sourcing through its extensive network of startups and corporate clients.
The launch of IREPworkspaces reflects growing demand in India’s commercial real estate sector for managed and flexible office environments, particularly as businesses adopt hybrid work models and look for scalable workspace solutions. Flexible workspaces continue to gain traction in major Indian cities as corporates and emerging firms prioritise cost-efficiency, collaboration, and agility.
With this investment, IREPworkspaces aims to strengthen its position in the NCR market and contribute to the broader expansion of managed office infrastructure in India.
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