Smartworks Leases 5.57 Lakh Sq Ft Office Space in Mumbai: A Strategic Move in the Real Estate Sector
Smartworks Coworking Spaces Ltd has leased a 5.57 lakh sq ft office campus at Intellion Park, Navi Mumbai, marking a significant milestone in the company's growth and the managed office space market.
SmartworksOffice SpaceMumbaiReal EstateManaged OfficeReal Estate MumbaiSep 18, 2025
With the latest addition, the total leased spaces portfolio of Smartworks surpassed the 1 million sq ft mark, a first in the managed office space. “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. Crossing over 1 million sq ft leased portfolio mark in Mumbai is not just a milestone, it reflects the deep trust enterprises place in our model and our ability to deliver at scale,” said Neetish Sarda, Managing Director & Founder, Smartworks, in a statement.
The Intellion Park has been developed by Tata Realty and Infrastructure Limited and is located on the Thane Belapur Road. This is set to be the largest IT Park in Navi Mumbai, surrounded by an already developed infrastructure including effective modes of connectivity, residential hubs, and access to a strong talent pool. “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,” said Sanjay Dutt, Managing Director & CEO, Tata Realty, in a statement.
The campus, pre-certified with LEED Platinum, IFC Edge, and WELL Gold, uses solar power, smart automation, underdeck insulation, and efficient LED lighting to cut energy use and advance enterprise ESG goals. The managed offices platform company stated that it is already in talks with some big-ticket clients. Currently, Smartworks has 4 large campuses in its portfolio, including one in Bengaluru, each exceeding 500,000 sq ft. The flagship campus at Vaishnavi Tech Park in Bengaluru is around 700,000 sq ft.
The ₹582 crore IPO of Smartworks was listed on the exchanges in July this year. The IPO comprised a fresh issue of equity shares worth ₹445 crore and an offer for sale (OFS) of ₹137 crore by the promoters. This strategic move by Smartworks is expected to further solidify its position in the competitive managed office space market and attract more enterprise clients.
Frequently Asked Questions
What is the size of the office space leased by Smartworks in Mumbai?
Smartworks has leased a 5.57 lakh sq ft office campus at Intellion Park, Navi Mumbai.
What is the significance of this lease for Smartworks?
This lease marks a significant milestone for Smartworks as it surpasses the 1 million sq ft mark in its total leased spaces portfolio, a first in the managed office space market.
Who is the developer of Intellion Park?
Intellion Park is developed by Tata Realty and Infrastructure Limited and is located on the Thane Belapur Road in Navi Mumbai.
What are the sustainability features of the Intellion Park campus?
The campus is pre-certified with LEED Platinum, IFC Edge, and WELL Gold. It uses solar power, smart automation, underdeck insulation, and efficient LED lighting to reduce energy consumption and advance enterprise ESG goals.
How many large campuses does Smartworks currently have in its portfolio?
Smartworks currently has 4 large campuses in its portfolio, including one in Bengaluru, each exceeding 500,000 sq ft.
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