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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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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Smartworks has partnered with People 360D to offer integrated workspace and AI-powered talent solutions for GCCs in India. The collaboration enables faster setup, seamless hiring, and scalable operations. As GCCs evolve into strategic hubs, this plug-and-play model aims to shorten execution timelines and improve operational efficiency for global companies.
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Smartworks Coworking Spaces Limited saw its promoter, SNS Infrarealty LLP, acquire 25,000 shares through open-market transactions in March 2026. Though representing just 0.02% of the stake, the voluntary disclosure highlights the promoter’s confidence and strong corporate governance, reinforcing transparency and investor trust in India’s growing flexible workspace sector.
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Smartworks Coworking Spaces will participate in the Investec India Promoter & Founder Conference 2026 in Mumbai on March 10. Company representatives will meet investors and analysts through group and one-on-one interactions while ensuring compliance with SEBI regulations and avoiding discussion of unpublished price-sensitive information during the event.
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Smartworks Coworking Spaces is repositioning toward large enterprise mandates, targeting requirements of 300+ and 1,000+. In an interaction with Fortune India, co-founder Harsh Binani highlighted rising GCC demand, long-term contracts, and asset-light expansion as key drivers shaping India’s evolving managed office infrastructure market.
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