Smartworks Expands with 5.57 Lakh Sq Ft Office Spaces in Mumbai

Smartworks Coworking Spaces Ltd has taken on lease 5.57 lakh sq ft of office spaces in Mumbai to meet the growing demand for flexible managed workspaces from corporates. This move signifies a strategic expansion in one of India’s most dynamic and bustling cities.

In a regulatory filing on Wednesday, Smartworks announced that it has signed a lease for over 557,000 sq ft at Intellion Park in Navi Mumbai. This project is developed by Tata Realty and Infrastructure Ltd. The new space will be Smartworks' largest managed office campus in Mumbai, further solidifying its presence in the city.

With this addition, Smartworks' leased portfolio in Mumbai has now surpassed the 10 lakh sq ft milestone. This significant expansion reflects the company's commitment to providing scalable, enterprise-grade workspaces that meet the needs of a diverse range of clients.

Neetish Sarda, Managing Director and Founder of Smartworks, stated, “Mumbai is a strategic market, and enterprise demand here continues to accelerate across sectors. Intellion Park, our largest managed office campus in the city, is designed for enterprises that need scale, speed, and experience under one roof.” This new campus is poised to become a hub for mid-to-large enterprises, offering them a cutting-edge, future-ready work environment.

Sanjay Dutt, Managing Director and CEO of Tata Realty, added, “Our partnership with Smartworks reflects a shared vision to create world-class, future-ready work environments. With Intellion Park set to become Navi Mumbai's largest IT Park, and Smartworks' expertise in building scalable, enterprise-grade campuses, this collaboration is poised to set new benchmarks in the region's commercial real estate landscape.”

Smartworks currently has a portfolio of around 12 million sq ft across 14 cities in India and Singapore. The company focuses on mid-to-large enterprises and has a diverse client base of over 730, including Forbes 2000 companies, MNCs, Indian conglomerates, and startups. This new lease in Mumbai is expected to further enhance Smartworks' reputation as a leading provider of managed workspaces, catering to the evolving needs of the modern workforce.