Synq.Work Adds 80,000 Sq Ft Office Space, Locks In Rs 66.2 Crore Revenue
New Delhi, September 7, 2026: Synq.Work, an enterprise managed office platform operated by SynQ Managed Spaces Pvt. Ltd., announced the addition of 80,000 sq ft of enterprise office space in the quarter ended June 2026. The expansion takes the company’s total area under management to 6.5 lakh sq ft, with portfolio occupancy standing at 95%, Synq.Work said in a press release.
The newly added centers are secured under 36-month lock-in agreements, representing Rs 66.2 crore in contracted revenue over the tenure. All 80,000 sq ft added during the quarter was committed against client requirements before the underlying leases were signed. The inventory was acquired under MO-GCC, the platform’s managed office offering built for global capability centers, which provides dedicated self-contained centers rather than shared space.
The growth coincides with record activity in India’s commercial office sector. According to real estate services firm CBRE, gross leasing reached an all-time high of 24.6 million sq ft in the second quarter of 2026, with first-half absorption reaching 45.5 million sq ft. Global capability centers accounted for 42% of total absorption in the quarter, with flexible workspace leasing in the Delhi-NCR region hitting historic highs.
The company operates facilities across Gurugram, Noida, Delhi, Faridabad, Mumbai, and Chennai, serving global capability centers, Fortune 500 companies, and multinational occupiers. Site operations across the portfolio are managed directly by company staff, and the platform utilizes an internally developed technology stack for facilities management, access control, and booking systems.
“Our clients sign for tenures, not months, so a single quarter’s number undersells what we have built,” said Pratik Sud, Founder, Synq.Work. “The 80,000 sq ft we added this quarter is Rs 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, 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.”
The enterprise managed office platform stated that its current deal pipeline exceeds the previous quarter’s additions, driven by demand for its MO-GCC offering among enterprise occupiers.
