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

Smartworks Coworking Spaces has leased nearly 4.92 lakh sq ft at Sattva Aura in Bengaluru’s Outer Ring Road corridor from Sattva Group. The expansion comes amid rising demand from GCCs and large enterprises for managed office solutions, reinforcing Bengaluru’s position as India’s leading flexible workspace and technology hub.
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Smartworks has leased nearly 2 lakh sq. ft. of office space on Bengaluru’s Sarjapura Main Road at a monthly rent of ₹1.94 crore under a six-year agreement. The deal reflects rising enterprise demand for managed workspaces as India’s flex office market records strong growth, with Bengaluru continuing to lead nationwide absorption.
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Smartworks Coworking Spaces has expanded its Gurugram portfolio by adding 4,02,200 sq. ft. of workspace capacity, investing nearly ₹60 crore. The expansion comes as enterprise demand for flexible offices continues to rise across NCR, with the company already operating at 82% occupancy in its managed workspace portfolio.
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Smartworks Coworking Spaces Ltd. reported a 45% year-on-year revenue jump to ₹520 crore in Q4FY26. The company’s growing focus on enterprise infrastructure and GCC-led demand has expanded its operational portfolio beyond 10.1 million sq ft, though high lease liabilities and elevated valuations continue to draw mixed market reactions.
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Smartworks reported a Q4 FY26 profit of ₹16.62 crore, reversing last year’s loss, as revenue surged 47% to ₹533 crore. Strong enterprise demand for managed workspaces drove growth. With a 16.1 million sq ft portfolio and ₹5,200 crore contracted revenue, the company enters FY27 with strong visibility and momentum.
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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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