Coworking firm Smartworks plans 30-35% annual growth over the next few years, driven by capacity additions, enterprise demand and expansion into new Tier I markets
Smartworks' long-term agreements with landlords (around 15 years) and enterprise clients (around four years) reinforce revenue stability, supported by a 2.0x revenue-to-rent ratio.
Smartworks has leased 815,000 sq ft from the Hiranandani Group's Eastbridge campus in Mumbai to build what it calls the world's largest managed workspace, set to open in late 2026
Smartworks Coworking Spaces Ltd on Monday said it has taken 8.15 lakh sq ft of office space on rent in Mumbai from Hiranandani Group to establish the biggest managed workspace campus in the world. In a regulatory filing, the company informed that it has signed an agreement to lease over 8,15,000 sq ft at Vikhroli in a project developed by Regalia Office Parks Pvt Ltd, the commercial office division of the Niranjan Hiranandani Group. The facility will be operational in the last quarter of 2026 calendar year. Smartworks currently has six large office campuses pan-India with an area of over 5 lakh square feet each. "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," Neetish Sarda, Managing Director & Founder of Smartworks, said. He said the company ...