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US-based OpenAI has secured a 50-seater managed workspace in Delhi through flex-operator CorporatEdge, marking its first office in India. The company chose a central Delhi location rather than business suburbs such as Noida or Gurugram. The move reflects a trend of large enterprises driving demand for flexible office formats. Analysts say India's flexible workspace stock is expected to rise markedly by 2027, with Delhi-NCR set to capture a significant share.
The US artificial intelligence (AI) firm OpenAI has taken its first step into the Indian market by leasing a 50-seater workspace in Delhi via CorporatEdge, a provider of premium managed office-spaces. Sources confirm that OpenAI opted for a city-centre address in Delhi, foregoing suburban hubs such as Gurugram or Noida. Advertisement
Earlier in the year, OpenAI had formed a local entity and indicated plans to set up operations in India, citing the country as its second-largest user base for its flagship product. This leasing transaction is viewed by industry insiders as a signal that AI firms are becoming significant drivers of commercial real estate demand in India. One source said the deal shows the importance of AI firms who can be a major driver of commercial real-estate absorption going forward.
The arrangement with CorporatEdge aligns with a shift in corporate real estate strategies: large enterprises increasingly prefer fully-managed and flex-workspace set-ups rather than traditional long-term leases. Credit rating agency ICRA estimates that large enterprises now account for 55-60 per cent of demand in the flexible office segment in India.
According to consultancy CBRE, India's flexible office stock was about 80 million sq ft in 2024 and is projected to grow to 125 million sq ft by 2027, with the Delhi-National Capital Region (NCR) expected to contribute nearly a quarter of the growth.
CorporatEdge itself has been expanding rapidly: it recently leased about 42,000 sq ft at the World Trade Centre in Narouji Nagar, Delhi, and is anticipated to end the fiscal year with a signed and operational portfolio of about 590,000 sq ft.
Neither OpenAI nor CorporatEdge has publicly commented on the lease. The office-take up underscores how global tech firms view India as a key market, and are selecting premium flexible real-estate options in central locations rather than peripheral business zones.
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