News Stocks Smartworks Crosses 2 Million Sq Ft Milestone in Mumbai with New 182,300 Sq Ft Lease at The SquareSmartworks Crosses 2 Million Sq Ft Milestone in Mumbai with New 182,300 Sq Ft Lease at The Square
Smartworks Coworking Spaces Limited has crossed the 2 million sq ft milestone in Mumbai with a new 182,300 sq ft managed office lease at The Square in Andheri East. The strategically located facility, developed by Lloyds Realty Developers Ltd, offers strong connectivity to Mumbai's business districts and international airport. This expansion follows recent major additions including partnerships with Hiranandani Group and Tata Realty, reinforcing Smartworks' position as India's largest managed office platform by total area under management with approximately 15.3 million sq ft across 63 centres.
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Smartworks coworking spaces Limited has achieved a significant milestone in Mumbai by expanding its managed office portfolio beyond 2 million sq ft with the addition of 182,300 sq ft at The Square in Andheri East. The expansion reinforces the company's position as India's largest managed office platform by total area under management, catering to growing enterprise demand in the country's financial capital.
Strategic Location and Connectivity
The new facility at The Square, developed by Lloyds Realty Developers Ltd, offers exceptional strategic advantages for enterprise clients. Located in Andheri East, the pre-certified IGBC Gold office space provides strong connectivity to Mumbai's key business and residential hubs.
| Connectivity Feature: | Details |
|---|---|
| Airport Access: | Steps away from Chhatrapati Shivaji Maharaj International Airport (T2) |
| Commercial District: | Close to MIDC commercial district |
| Metro Connectivity: | Aqua Metro Line's T2 station around 0.5 km away |
| Additional Transit: | Marol Naka station on Metro Line 1 approximately 1 km |
Leadership Perspectives on Mumbai Expansion
Neetish Sarda, Managing Director & Founder of Smartworks, emphasized Mumbai's strategic importance: "Mumbai remains a strategic market for Smartworks, driven by strong enterprise demand across key business districts. With our portfolio in the city now crossing 2 million sq ft., we are well positioned to cater to both current and emerging managed office requirements, as demand from enterprises in India's financial capital continues to remain steady."
Ravi Agarwal, Chairman & Managing Director of Lloyds Realty, highlighted the transaction's significance: "The scale and quality of this transaction underscore Mumbai's enduring appeal as a commercial destination, while also reflecting the growing preference among enterprises for high-grade, thoughtfully designed workspaces. Our partnership with Smartworks builds on a proven managed office model that combines execution capability, operational depth and long-term demand visibility, making it well aligned with how occupiers are approaching office strategy today."
Recent Mumbai Portfolio Expansion
This milestone follows several major campus additions that have strengthened Smartworks' Mumbai presence:
- World's largest managed office campus of approximately 815,000 sq ft at Eastbridge, Vikhroli with Hiranandani Group
- Over 557,000 sq ft at Intellion Park in Navi Mumbai with Tata Realty
- Current addition of 182,300 sq ft at The Square in Andheri East
Facility Features and Amenities
The tech-enabled managed office space at The Square will offer comprehensive amenities designed to enhance the everyday office experience:
- Café with executive dining facilities
- Recreational zones for employee engagement
- Training and meeting rooms for business operations
- Medical room for health and safety
- Smart convenience store for daily needs
Business Model and Market Position
Smartworks operates by leasing large commercial buildings and converting them into managed office campuses designed specifically for enterprise use. The company manages all aspects including design, delivery, technology, and daily operations, enabling occupiers to scale efficiently without the complexities of owning or managing real estate directly.
| Company Overview: | Details |
|---|---|
| Total Area Under Management: | Approximately 15.3 million sq ft |
| Geographic Presence: | 63 centres across 15 cities in India and Singapore |
| Client Base: | 770+ clients including Forbes 2000 companies, GCCs, MNCs, and startups |
| Specialized Solutions: | SmartVantage for GCC-focused requirements |
The Mumbai expansion demonstrates Smartworks' continued focus on meeting enterprise demand in key metropolitan markets, with the 2 million sq ft milestone representing substantial growth in one of India's most important commercial real estate markets.
