Smartworks Leases 8.15 Lakh Sqft Office Space in Mumbai from Hiranandani Group
Smartworks Coworking Spaces has signed a lease agreement for over 8,15,000 sqft of office space in Mumbai's Vikhroli, developed by Regalia Office Parks Pvt Ltd, a division of the Hiranandani Group. This new facility will be operational by the last quarter of 2026 and will become the largest managed workspace campus globally.
SmartworksHiranandani GroupOffice SpaceCoworkingMumbaiReal Estate MumbaiNov 03, 2025
The new facility, set to be operational in the last quarter of 2026, will significantly bolster Smartworks' presence in the managed workspace segment. Smartworks currently operates six large office campuses across India, each exceeding 5 lakh square feet. This latest addition will further solidify the company's position as a leading provider of fully serviced office spaces.
Neetish Sarda, Managing Director and Founder of Smartworks, expressed his enthusiasm about the partnership: “Our alliance with the Niranjan Hiranandani Group for ‘Eastbridge’ marks a major milestone in Smartworks’ journey. With this new centre set to become the largest managed campus globally, we continue to break our own records and set new benchmarks in the managed workspace segment.” Sarda emphasized the company's commitment to creating spaces that offer scale, sustainability, and modern amenities, along with an office experience that fosters productivity and collaboration.
Niranjan Hiranandani, Founder and Chairman of the Hiranandani Group, also highlighted the significance of the partnership: “Our collaboration with Smartworks for Eastbridge reflects a shared belief in the future of large, people-first campuses. Eastbridge is more than just a development; it symbolizes how design, sustainability, and scale can come together to create truly global-standard workplaces.”
Smartworks has a robust portfolio, managing a total area of 12 million sqft as of June 30, 2025, across 14 cities in India and Singapore. The company's strategy involves leasing entire or large bare shell properties in prime locations and transforming them into fully serviced campuses. Smartworks caters to mid-to-large enterprises and has a diverse client base of over 730, which includes Forbes 2000 companies, multinational corporations (MNCs), Indian conglomerates, and startups.
The Hiranandani Group, a renowned name in the real estate sector, has a long history of developing high-quality residential and commercial projects. Regalia Office Parks Pvt Ltd, the commercial office division, focuses on creating sustainable and technologically advanced office spaces that meet the evolving needs of modern businesses.
Recently, Smartworks also leased 5,57,000 sqft of office space at Tata Realty’s Intellion Park in Navi Mumbai, further expanding its footprint in the region. These strategic moves underscore Smartworks' commitment to providing top-tier office solutions and its vision to lead the managed workspace market in India and beyond.
Frequently Asked Questions
What is the size of the office space Smartworks is leasing from the Hiranandani Group?
Smartworks is leasing 8.15 lakh sqft of office space in Vikhroli, Mumbai, from the Hiranandani Group.
When will the new Smartworks facility in Vikhroli be operational?
The new Smartworks facility in Vikhroli is set to be operational in the last quarter of 2026.
What is the current total area under management by Smartworks?
Smartworks manages a total area of 12 million sqft as of June 30, 2025, across 14 cities in India and Singapore.
Who are the typical clients of Smartworks?
Smartworks caters to mid-to-large enterprises and has a diverse client base of over 730, which includes Forbes 2000 companies, MNCs, Indian conglomerates, and startups.
What is the name of the project in Vikhroli where Smartworks is leasing the office space?
The project in Vikhroli where Smartworks is leasing the office space is called ‘Eastbridge’ and is developed by Regalia Office Parks Pvt Ltd, a division of the Hiranandani Group.
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