Smartworks secures a 0.22 million sq. ft. office space lease in Hyderabad.

2025-03-19 03:21:50

As of August 14, 2024, Smartworks had a total super built-up area of 9.12 million square feet across 45 centers in 13 cities across India.

The managed workspace provider, which is preparing for an IPO, has leased over 0.22 million square feet of office space in Hyderabad, expanding its portfolio in the city to over a million square feet.

Located in DLF Cyber City, Gachibowli, this marks Smartworks’ fourth center in Hyderabad, following Purva Summit (Raidurg), Galaxy (Kondapur), and Raheja Mindspace - Buildings 3A and 3B (Madhapur), the company announced on March 18.

“Hyderabad’s commercial office market has evolved significantly, driven by demand from various sectors. Our continued expansion in the city reflects the steady need for fully managed, customized workspaces equipped with modern amenities for today’s workforce,” said Neetish Sarda, founder of Smartworks.

Strategically positioned in the IT Corridor, the new center is near HITEC City, with easy connectivity to the Outer Ring Road. It is surrounded by residential areas, retail hubs, malls, and hotels, with seamless access to the metro station and airport.

Earlier this year, Smartworks added over 0.47 million square feet of office space in the DLF Commercial Tower in Gurugram.

Backed by global asset manager Keppel, Smartworks was one of the largest managed office space operators in terms of total stock at the end of FY24. Catering to mid-to-large enterprises, it boasts a diverse clientele of over 600, including Indian corporates, MNCs, and startups.

The company, which filed draft IPO documents in August 2024, received SEBI’s approval in December to proceed with its public offering.