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

Smartworks Coworking Spaces has added approximately 1.41 lakh sq. ft. of flexible office space in Aerocity, Delhi-NCR, backed by an investment of up to ₹25 crore. The expansion comes as the company reports strong occupancy levels, reflecting sustained enterprise demand and continued confidence in India’s growing flexible workspace market.
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Lloyds Realty has signed a 15-year lease with Smartworks for its entire 182,300 sq ft commercial tower, The Square, in Mumbai’s Andheri East. The deal is expected to generate over ₹600 crore in rental revenue, strengthening the developer’s commercial portfolio while highlighting continued demand for premium managed office spaces.
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Smartworks reported its first quarterly profit in Q1 FY27, posting a net profit of ₹13.14 crore and a 44% rise in revenue. Growth was driven by increasing demand from large enterprise clients and multi-city occupiers. The company also announced plans for the world’s largest managed office campus in Pune.
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Smartworks has signed a five-year agreement to provide over 1,100 managed office desks to L&T Technology Services in Pune. The ₹55 crore deal expands the partnership to 2,750 seats, highlighting the growing preference among large enterprises for flexible workspaces that offer scalability, operational efficiency, and faster office deployment.
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Smartworks Coworking Spaces has leased 930+ seats in Pune to the Indian subsidiary of a UK-headquartered technology and professional services company. The five-year agreement is valued at ₹58 crore, taking the client’s total footprint with Smartworks beyond 1,730 seats and reinforcing the growing demand for enterprise-managed office solutions.
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Smartworks has expanded its Pune portfolio by adding 1,63,942 square feet of managed office space. Backed by a ₹25 crore investment, the new facility is expected to become operational in July 2026, supporting the company’s business growth as demand for enterprise-focused flexible workspaces continues to rise across India.
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