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

Smartworks has signed new managed office leasing engagements worth around ₹305 crore with large Indian and global companies. The deals add to its recent contracted rental revenue, bringing it to approximately ₹540 crore. The company manages 16.9 million sq ft across 70 centres and continues to expand its workspace network.
READ MORE
Smartworks plans to invest ₹550-600 crore in FY27 across existing and upcoming centres as demand for managed office space rises. The company has already signed over 3.5 million sq. ft. of future space. Strong enterprise demand, growing GCC business and long-term contracts support its expansion strategy.
READ MORE
Smartworks is adding around 176,285 sq. ft. of workspace capacity in Pune with an investment of up to ₹28 crore. The expansion is expected to be completed in August 2026. With strong existing utilisation and committed occupancy, the move highlights the operator’s continued focus on scaling its managed workspace presence.
READ MORE
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.
READ MORE
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.
READ MORE
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.
READ MORE



