New Delhi, Sep 07: Synq.Work, the bootstrapped enterprise managed office platform operated by SynQ Managed Spaces Pvt. Ltd., today announced the addition of 80,000 sq ft of enterprise office space in the quarter ended June 2026, taking total area under management to 6.5 lakh sq ft. The new centres are contracted on 36-month lock-ins, worth ₹66.2 crore in contracted revenue over the tenure.
Portfolio occupancy stands at 95% across the 6.5 lakh sq ft under management. The company operates centres across Gurugram, Noida, Delhi, Faridabad, Mumbai and Chennai, serving global capability centres, Fortune 500 companies and multinational occupiers.
The addition comes against the strongest office market India has recorded. Gross leasing touched an all-time high of 24.6 million sq ft in Q2 2026, with H1 absorption at 45.5 million sq ft, the highest ever for a half-year, according to CBRE. GCC leasing alone hit a record 10.3 million sq ft in the quarter, up 10% over Q1, and GCCs accounted for 42% of total absorption. Delhi-NCR posted its highest-ever quarterly flexible workspace leasing. CBRE expects GCCs to drive more than 40% of absorption through 2026.
All 80,000 sq ft added during the quarter was committed against client requirements before the underlying leases were signed. The inventory was taken up under MO-GCC, the company’s managed office offering built for global capability centres, which provides dedicated self-contained centres rather than shared space.
“Our clients sign for tenures, not months, so a single quarter’s number undersells what we have built,” said Pratik Sud, Founder of Synq.Work. “The 80,000 sq ft we added this quarter is ₹66.2 crore of committed revenue, locked in for 36 months before the first invoice went out. We have built all of it bootstrapped, without external capital, so every centre we hand over lands on top of that base rather than against a burn number.”
“We optimise design and build through in-house capabilities and tech-backed project management,” said Rahat Bhagat, Co-Founder of Synq.Work. “The fit-outs for these centres were designed and executed by our own team and tracked on our own project management systems. That is what keeps timelines and costs under our control instead of sitting with a third-party contractor, and it is why we can commit to a handover date in front of a client.”
Site operations across the portfolio are handled by Synq.Work staff rather than outsourced facility vendors.
The platform’s technology stack is also built and owned internally. Access is managed through facial recognition based touchless entry and attendance, and the visitor management and meeting room booking systems are proprietary, with all client data held on Synq.Work’s own servers.
The company said the pipeline entering the current quarter is larger than the one that produced this quarter’s addition, and that MO-GCC has become the default requirement among enterprise occupiers it is currently in discussion with.
