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

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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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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