Smartworks Expands Managed Office Space in Mumbai’s Andheri with 1.82 Lakh Sq Ft Lease
Smartworks, a managed office platform, has leased 1.82 lakh sq ft of managed office space in Mumbai’s Andheri (East), taking its total managed office portfolio in the city to 2 million sq ft, the company announced on February 11.
The space, developed by Lloyds Realty Developers Ltd, is located in The Square, near the MIDC commercial district and Chhatrapati Shivaji Maharaj International Airport (T2). The office space is also conveniently close to the Aqua Metro Line’s T2 station and Marol Naka on Metro Line 1, the company said.
Neetish Sarda, managing director and founder of Smartworks, emphasized the strategic importance of Mumbai for the company, driven by sustained enterprise demand across major business districts. “With our portfolio in the city now crossing 2 million sq. ft., we are well positioned to cater to both current and emerging managed office requirements, as demand from enterprises in India’s financial capital continues to remain steady,” he stated.
Ravi Agarwal, chairman and managing director of Lloyds Realty Developers, highlighted the transaction’s significance, noting Mumbai’s enduring appeal as a commercial destination. “Our partnership with Smartworks builds on a proven managed office model that combines execution capability, operational depth, and long-term demand visibility, making it well aligned with how occupiers are approaching office strategy today,” he added.
Smartworks, which got listed last year, has a portfolio of 15.3 million sq ft across 63 centres in 15 cities in India and Singapore. The company leases large bare-shell properties and transforms them into Smartworks-branded, fully serviced campuses with amenities such as cafeterias, gyms, sports zones, crèches, medical centres, and convenience stores.
In previous transactions, Smartworks leased approximately 1.68 lakh sq ft in Kolkata to a global information technology, consulting, and business process services provider. The office space is distributed across two Smartworks campuses, Victoria Park and Mediasiti, located in Kolkata’s commercial micro-market at Salt Lake City, Sector V.
The company also expanded its presence in Mumbai by leasing a 5.57 lakh sq. ft. campus at Intellion Park in Navi Mumbai, a marquee development by Tata Realty and Infrastructure Limited. In November, Smartworks leased around 1.66 lakh sq. ft. in Pune to Wolters Kluwer (India) Pvt. Ltd., an information, software solutions, and services provider for professionals. The office is located at Smartworks’ Marisoft campus in Kalyani Nagar, one of Pune’s key micro-markets.
