India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Smartworks has leased 1,150 desks in Navi Mumbai to a global firm, generating ₹51 crore in rental income. The client now occupies over 5,000 seats across four cities, with total deal value exceeding ₹155 crore, highlighting rising enterprise demand for scalable, multi-city managed workspace solutions.
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India’s office market recorded its strongest-ever Q1 in 2026, with total leasing reaching 20.7 million sq. ft. GCCs drove 44% of demand, leasing a record 9.1 million sq. ft. Bengaluru led activity, while flex spaces and sustainable buildings gained traction, signalling a structural shift in occupier preferences.
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WeWork India has leased over 7 lakh sq. ft. across Bengaluru, Hyderabad, and Chennai, adding 12,000 desks through long-term agreements of up to 20 years. The expansion highlights strong enterprise demand for flexible workspaces and reinforces South India’s position as a key growth engine in the commercial real estate market.
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Smartworks Coworking Spaces is investing ₹17 crore to add 1.25 lakh sq. ft. in Hyderabad, boosting capacity amid strong demand. With 84% utilisation across its portfolio, the expansion highlights rising enterprise adoption of flexible workspaces and the company’s strategy to scale in high-growth office markets.
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