Nukleus plans 10 centres with 4,549-seat expansion pipeline

Nukleus Office Solutions Limited has outlined 10 upcoming centres with approximately 4,549 additional seats, a pipeline larger than its reported 4,373-seat operational base after the company added 12 centres in FY26. The presentation identifies five expanding-footprint sites carrying 5,675 seats but does not reconcile them with the separate 10-centre pipeline.

What is Nukleus's 4,549-seat expansion plan?

Nukleus has disclosed a pipeline of 10 upcoming centres representing approximately 4,549 additional seats. Management says this planned capacity provides a foundation for the next phase of expansion and for addressing demand for flexible and managed workspace solutions. The presentation does not provide opening dates, lease terms, capital expenditure, expected occupancy or revenue targets for the 10-centre plan.

The planned 4,549 seats exceed the reported 4,373-seat operating base by 176 seats. This comparison is based on disclosed seat capacity, not a forecast of occupied inventory or revenue, because Nukleus does not say when all planned centres will open. The presentation also does not confirm a combined post-expansion seat total.

Nukleus said it added 12 centres in FY26 and reported 25 operational centres, comprising 17 coworking centres and eight managed-office centres. The company reported approximately 85% occupancy, about 7.39 lakh square feet of portfolio under management and about 3.06 lakh square feet of operational area. Its stated presence spans more than four cities.

How large is Nukleus's operational workspace network?

Nukleus reported 25 operational centres with 4,373 total seats, including 17 coworking centres and eight managed-office centres. Its managed-office offering is configured for enterprise customers requiring 50 to 500 seats, while coworking products include dedicated desks, private offices, meeting rooms and virtual offices.

The disclosed portfolio includes a 1,400-seat flagship centre in Sector 142, Noida, and an 800-seat NSL centre in Sector 144, Noida. Logix Cyber Park in Sector 62, Noida, has 641 seats, while the managed-office facility at Barakhamba Tower in Connaught Place has 486 seats. These locations show that the operating estate contains both large-format centres and smaller sites.

Other named facilities include Skymark One in Sector 98, Noida, with 450 seats, IFFCO Tower in Gurugram with 378 seats, and Prestige Blue Chip Software Park in Bengaluru with more than 350 seats. At the smaller end of the listed sites, Regal Building in Connaught Place has 97 seats and Thapar House in CP Janpath has 111 seats. The source therefore describes a network spanning coworking and managed-office formats across differing centre sizes.

Which expansion locations has Nukleus identified?

Nukleus identifies five sites on its expanding-footprint pages: C3 and Okaya Centre in Sector 62, Noida; Wave One in Sector 18, Noida; Shivaji Stadium Metro Station in Connaught Place, New Delhi; and Vatika First India Place in Gurugram. The presentation supplies seat capacities and areas for these five sites, but it does not explicitly state that every one forms part of the separate 10-centre, 4,549-seat pipeline.

The five named sites total 5,675 seats, which is 1,126 seats more than the approximately 4,549 seats in the stated 10-centre pipeline. Nukleus does not reconcile this difference, identify the other five upcoming centres, or say whether any of the five named facilities were included among the 12 centres added in FY26. The two disclosures should therefore be treated as separate until the company provides a bridge between them.

The listed Noida sites, C3, Wave One and Okaya Centre, account for 4,600 seats and 207,455 square feet. Shivaji Stadium Metro Station adds 850 seats in Delhi, while Vatika First India Place adds 225 seats in Gurugram. The named expansion footprint is therefore concentrated in the Delhi-National Capital Region, even though Nukleus also lists a Bengaluru operating site with more than 350 seats.

How does the expansion footprint match Nukleus's revenue geography?

Nukleus reported that Delhi contributed 47.60% of revenue and Noida contributed 37.20%, together accounting for 84.80% by arithmetic. Gurugram represented 14.70% and Bengaluru 0.50%. The three named Noida sites and the Connaught Place site are consequently located in markets that account for most of the disclosed revenue mix.

Nukleus has identified a 225-seat Gurugram expansion site at Vatika First India Place, alongside existing Gurugram locations at IFFCO Tower with 378 seats and Pegasus One with 170 seats. In Delhi, the listed 850-seat Shivaji Stadium Metro Station site compares with operating examples including the 172-seat Salcon Rasvilas centre and the 486-seat Barakhamba Tower managed office. The source does not disclose revenue or occupancy by individual centre or city.

Nukleus also describes operating mechanisms intended to support centre management, including real-time seat-level inventory tracking, demand-based dynamic pricing and occupancy analytics. Its client mobile application is described as providing real-time availability and booking access, while its executive information system is intended for centre-wise portfolio monitoring. The presentation provides no quantified estimate of how these tools could affect occupancy, pricing or revenue from future seats.

Conclusion

Nukleus has disclosed a next-stage plan of 10 upcoming centres and approximately 4,549 additional seats following 12 centres added in FY26. The planned capacity is larger than the reported 4,373-seat operational network, while the named expanding-footprint sites are concentrated in Noida, Delhi and Gurugram, which together represented 99.50% of the stated revenue mix.

The next disclosures to watch are an opening timetable for the 10 centres, the identities of the five unnamed sites, and a reconciliation between the 4,549-seat pipeline and the 5,675 seats listed across five named locations. Nukleus has not disclosed expected occupancy, lease commitments, investment requirements or revenue contribution for the planned additions, leaving those commercial details unresolved.