Smartworks Leases 1150 Desks in Mumbai for Rs 51 Cr

New Delhi, Apr 6 (PTI) Realty firm Smartworks Coworking Spaces has leased 1,150 desks to a global firm at its centre in Navi Mumbai for a total rental income of Rs 51 crore.

In a regulatory filing on Monday, the company informed that it has provided 1,150 desks to a global leader in digital business services and customer experience management at Smartworks' campus at Tata Intellion Park, Navi Mumbai.

With this deal, the client has taken more than 5,000 seats across Bengaluru, Kolkata, Hyderabad, and Mumbai.

The combined expected rental revenue from these locations is estimated to exceed Rs 155 crore, which includes the newly signed Mumbai managed office deal of Rs 51 crore, it said.


Smartworks did not disclose the name of the global firm or the lease period.

"As enterprises expand across regions, they increasingly value consistency in experience, speed of execution, and the ability to scale seamlessly within a single ecosystem.

"This continued expansion across four cities reflects the strength of the platform we have built and the long-term relationships we continue to deepen with global clients," said Neetish Sarda, Founder and Managing Director of Smartworks.

Smartworks leases large commercial buildings and converts them into managed office campuses designed for enterprise use.

The company has a portfolio of 15.3 million sq ft under management across 63 centres in 15 cities in India and Singapore.