Smartworks Announces Managed Office Deals Worth Rs 305 Crore from New Clients
Gurugram, September 30, 2026: Smartworks Coworking Spaces Limited has announced new leasing engagements with large corporate clients across multiple cities, adding approximately Rs 305 crore in incremental contracted rental revenue. The deal value represents leasing rental revenue from agreements lasting up to 60 months, it said in a press release.
The new sign-ups build on the firm’s contracted rental revenue base of approximately Rs 5,400 crore recorded as of June 30, 2026. This announcement follows a recent report of Rs 235 crore in incremental contracted rental revenue from existing client expansions, bringing total recent additions to roughly Rs 540 crore.
The newly onboarded clients include a mix of Indian and global enterprises across various sectors, such as a Fortune 500-backed technology solutions company, a research and consulting firm, a healthcare provider, a sportswear brand, and a global customer experience management services firm.
Commenting on the market shift, Neetish Sarda, Founder and Managing Director, Smartworks, said, “India is witnessing a fundamental shift in how businesses think about their workplaces. As companies enter new markets and scale across regions, the office can no longer be a constraint on growth; it has to be an enabler of it. What large corporates want today is speed, flexibility and the freedom to focus their capital and attention on their core business rather than on running real estate. This is why managed workspaces have moved decisively from being an alternative to becoming the default choice. We see this shift accelerating, and we are building Smartworks to lead it.”
Smartworks operates full-campus managed workspaces in prime urban locations, serving over 760 clients, with large enterprises contributing roughly 92% of its revenue. Its campuses feature integrated amenities, including cafeterias, convenience stores, fitness centers, recreation zones, and crèches. The company has secured its future expansion pipeline in key markets through FY29 to meet projected demand.
