Smartworks Coworking Spaces has taken more than 4,00,000 sq ft office space in Bengaluru, Karnataka and Mumbai in Maharashtra on a long-term lease spread over 15 years.
The Noida-based co-working spaces operator’s footprint has expanded to more than four million sq ft, with a total investment of Rs 250 crore so far.
The company is bullish on scaling its business in the existing cities. The company has leased over one lakh sq ft in Bengaluru alone in the last two months to clients across IT-ITes/BFSI and manufacturing.
Smartworks has been growing in southern and western India since early 2019 and is expected to expand its workplace portfolio to 4.5 million sq ft by 2020-end.
Currently, the company has 70, 000 seats spread across 31 centres in nine cities, including the National Capital Region (NCR), Mumbai, Bengaluru, Hyderabad, Pune, Chennai and Kolkata.