Published On:
January 27, 2026
Updated On:
February 11, 2026
India Accelerator and global giant IREP have joined forces to launch ‘IREPworkspaces,’ a new managed office platform backed by a ₹100 crore investment. The venture plans to add 15,000 seats across Gurugram and Noida, combining global facility management expertise with a thriving startup ecosystem.
The landscape of work in the National Capital Region (NCR) is witnessing a massive infusion of capital and strategy. In a move that signals robust confidence in the "office of the future," startup powerhouse India Accelerator has entered a strategic partnership with International Real Estate Partners (IREP). Together, they are launching a dedicated managed workspace platform—IREPworkspaces—backed by a significant planned investment of ₹100 crore over the next 18 months.
This collaboration is more than just a real estate play; it represents a convergence of global infrastructure standards and a deep-rooted domestic startup ecosystem. The venture aims to develop approximately 9 lakh square feet of managed office space, targeting the exact micro-markets where demand for flexibility is currently outstripping supply.
The roadmap for IREPworkspaces is aggressive. The immediate goal is to establish 12 to 15 centers across the NCR, effectively adding around 15,000 seats to the region's inventory. The partnership has already secured its initial footprint, with approximately 1.5 lakh square feet locked in, and is actively scouting to acquire another 7 to 8 lakh square feet in the coming quarters.
What makes this expansion notable is the choice of locations. The venture is specifically targeting high-growth corridors like Golf Course Extension Road and Udyog Vihar in Gurugram, alongside the Noida Expressway. These areas are currently the hotspots for both established corporate occupiers and high-growth startups looking for premium yet flexible addresses.
The partnership is structured to leverage the distinct strengths of both entities. IREP brings its global pedigree in facility management and real estate operations to the table. Operating in over 70 countries, IREP’s role is to ensure that these workspaces meet international standards of efficiency, safety, and design. This addresses a common pain point in the Indian market, where "managed spaces" often suffer from inconsistent service quality.
On the other side, India Accelerator provides the "software" to IREP’s "hardware." As one of the country's leading startup accelerators, IA has deep connections with the very demographic that needs these offices: mid-sized firms, scaling startups, and gig-economy professionals. By tapping into its extensive network, IA will drive tenant sourcing and market access, ensuring high occupancy rates from day one.
A key differentiator for IREPworkspaces is its focus on technology-led management. The new centers will not just be brick-and-mortar offices; they will be integrated with IREPort, a proprietary facilities management technology platform.
This "PropTech-first" approach allows for real-time monitoring of the workspace environment. From predictive maintenance of HVAC systems to energy optimization and ESG-aligned reporting, the platform ensures that the offices run efficiently with minimal downtime. For occupiers, this translates to a seamless experience where the complexities of office management are invisible, handled entirely by intelligent backend systems.
The timing of this investment aligns perfectly with the broader shifts in the Indian office market. The rigid, long-term lease models of the past are rapidly giving way to flexible, hybrid-ready setups. Companies today—whether they are lean startups or large enterprises—prioritize "plug-and-play" infrastructure that allows them to scale up or down without heavy capital expenditure.
By offering a product that combines the reliability of a global facility manager with the vibrancy of a startup community, IREPworkspaces is positioning itself to capture a significant share of NCR's booming commercial real estate market. The focus is clear: create environments where businesses don't just occupy space, but thrive within a supportive, high-tech ecosystem.
