Smartworks has leased 182,300 sq ft at The Square in Andheri East, Mumbai, pushing its total portfolio in the city beyond 2 million sq ft. The expansion reflects strong enterprise demand in key business districts. Recent additions in Vikhroli and Navi Mumbai further strengthen its managed office footprint.
Smartworks Coworking Spaces has leased over 182,300 square feet of managed office space at The Square, a commercial tower in Andheri East, Mumbai. The property is located near Chhatrapati Shivaji Maharaj International Airport and has been leased from Lloyds Realty Developers.
With this transaction, Smartworks’ total portfolio in Mumbai has crossed the 2 million sq ft mark, reinforcing its strong presence in one of India’s most competitive office markets. The deal underlines the growing appetite for enterprise-grade managed workspaces in key micro-markets such as Andheri, which continues to attract multinational firms and large domestic occupiers.
Transaction advisor Knight Frank India declined to comment on the deal.
Enterprise Demand Drives Strategy
Smartworks’ leadership has made it clear that Mumbai remains central to its expansion roadmap. “Mumbai remains a strategic market for Smartworks, driven by strong enterprise demand across key business districts,” said Neetish Sarda, MD & Founder, Smartworks.
According to Sarda, with its expanded portfolio, the company is well-positioned to address both current and emerging managed office requirements. He noted that demand from enterprises in India’s financial capital remains steady, reflecting long-term confidence in flexible workspace solutions.
Mumbai’s office market has been witnessing consistent traction from sectors such as BFSI, technology, consulting, and global capability centres (GCCs). Many of these firms prefer plug-and-play managed campuses that offer scalability without the burden of traditional leasing models.
Recent Large-Scale Additions
The Andheri transaction follows a series of significant expansions by Smartworks in the Mumbai Metropolitan Region (MMR). The company recently added an 815,000 sq ft managed office campus at Eastbridge in Vikhroli in partnership with the Hiranandani Group. It also secured over 557,000 sq ft at Intellion Park in Navi Mumbai with Tata Realty.
These additions reflect a cluster-based growth strategy in which operators build large-format campuses across key corridors to serve enterprise clients at scale. By strengthening its presence across central, western, and peripheral business districts, Smartworks is positioning itself as a one-stop managed workspace partner for large occupiers.
Managed Offices as a Scalable Solution
Smartworks follows a distinctive operating model: it leases large commercial buildings and converts them into fully serviced managed office campuses tailored for enterprise use. The company handles design, fit-outs, technology integration, and daily facility management.
This end-to-end delivery model enables occupiers to scale efficiently without owning or directly managing real estate assets. In a market where flexibility, cost optimisation, and operational agility are top priorities, managed offices are increasingly replacing conventional long-term leases.
With its Mumbai portfolio now exceeding 2 million sq ft, Smartworks is deepening its commitment to India’s financial capital. The latest Andheri lease signals continued momentum in the managed office segment, as enterprises seek flexible, tech-enabled workspaces that align with evolving business needs.
