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

Smartworks has leased nearly 492,000 sq ft at Sattva Aura in Bengaluru in a ₹589 crore, 10-year deal, reinforcing its expansion in India’s leading GCC and technology hub. The move reflects rising demand for large-format managed office campuses as enterprises consolidate workspace portfolios with scalable, flexible workspace providers.
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Smartworks has leased more than 400 seats in Mumbai to the Indian subsidiary of a Japanese non-banking financial company under a five-year agreement valued at nearly ₹35 crore. The deal highlights growing demand for managed office solutions and reinforces the increasing role of enterprise occupiers in driving India’s flexible workspace market.
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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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