Smartworks Secures 5.57 Lakh Sq Ft at Tata Realty’s Navi Mumbai Intellion Park

Smartworks Coworking Spaces has leased over 557,000 sq ft of office space at Tata Realty & Infrastructure's Intellion Park in Navi Mumbai, marking the company's largest managed office campus in the region.

Commercial Real EstateNavi MumbaiOffice Space LeasingManaged Office CampusSmartworksReal Estate MumbaiSep 17, 2025

Smartworks Secures 5.57 Lakh Sq Ft at Tata Realty’s Navi Mumbai Intellion Park
Real Estate Mumbai:Smartworks Coworking Spaces has secured a significant lease of over 557,000 sq ft of office space, spanning the ground plus eight floors at Tata Realty & Infrastructure's Intellion Park on Navi Mumbai's Thane Belapur Road. This strategic move solidifies Smartworks' position in the commercial real estate market, especially in the Mumbai region.

The facility is designed to accommodate more than 12,000 seats, catering to the growing demand for enterprise-grade office spaces. The lease agreement spans 60+60 months, with a lock-in period of 54 months. Rentals are set at Rs 63.18 per sq ft, and an escalation clause of 15% every 36 months ensures long-term financial stability for both parties. Additionally, the agreement grants Smartworks signage rights, enhancing the company's brand visibility.

Mumbai is a strategic market with a robust enterprise demand across various sectors. Intellion Park, now the largest managed office campus in the city, is tailored for enterprises that require scale, speed, and a seamless user experience. Neetish Sarda, Managing Director and Founder of Smartworks, highlighted the significance of the deal, stating, “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 lease marks Smartworks' largest managed office campus in the Mumbai region, pushing the company's leased portfolio in the area past the 1 million sq ft mark. Sanjay Dutt, Managing Director & CEO of Tata Realty, expressed his optimism about the collaboration, saying, “With Intellion Park set to become Navi Mumbai’s largest IT Park, and Smartworks’ expertise in building scalable, enterprise-grade campuses, this partnership is poised to set new benchmarks in the region’s commercial real estate landscape.”

The new Smartworks campus in Navi Mumbai is expected to become operational in November-December. Thane Belapur Road has emerged as a preferred location for enterprise occupiers due to its established residential hubs, excellent connectivity, and access to a large talent pool. These factors have significantly contributed to the region's appeal in the commercial real estate sector.

Smartworks has a total footprint of about 12 million sq ft across 14 cities in India and Singapore, serving more than 730 clients. The company's portfolio includes four campuses of over 500,000 sq ft each, with the 700,000 sq ft Vaishnavi Tech Park in Bengaluru leading the way. This latest addition to Smartworks' portfolio in Navi Mumbai underscores the company's commitment to providing high-quality, scalable office solutions for enterprises in key markets.

Frequently Asked Questions

What is the size of the office space leased by Smartworks at Intellion Park?

Smartworks has leased over 557,000 sq ft of office space at Intellion Park in Navi Mumbai.

How many seats can the new Smartworks campus accommodate?

The new Smartworks campus at Intellion Park is designed to accommodate more than 12,000 seats.

What is the lease tenure and lock-in period for the Smartworks lease at Intellion Park?

The lease tenure is 60+60 months, with a lock-in period of 54 months.

What are the rental rates and escalation clause for the Smartworks lease at Intellion Park?

The rental rates are set at Rs 63.18 per sq ft, with an escalation clause of 15% every 36 months.

When is the new Smartworks campus at Intellion Park expected to be operational?

The new Smartworks campus at Intellion Park is expected to be operational in November-December.

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