Category Archives: News

At Smartworks we have two key motives, Client comfort and Client Satisfaction and hence we put in our efforts to achieve these goals every day. It gives us immense gratification when clients appreciate our hard work and seeing our previous achievements more clients wish to connect with us. Recently IISM chose our co-working space for their organisation. It was an absolute proud moment for our team. Check out the blog to know why IISM felt that out the available options in Mumbai, Smartworks was the best pick and also find out how we strive to produce better results while growing as a co-working space.

office space

Smartworks cuts the ribbon on its first center in Chennai

Smartworks kicked off the new year by inaugurating its very first office space in Chennai. Being India’s largest provider of shared workspaces, Smartworks decided to launch its first bespoke shared workspace centre in Guindy, Chennai.

“Guindy is the hub for small and medium-sized companies and is extremely well connected through all modes of transport, making it one of the most desired locations for setting up a serviced office space,” said Neetish Sarda – Founder Smartworks.

It’s the strategic location in Guindy, proximity to CBD, and excellent connectivity through all modes of transport, making it an ideal location for an office space. But, seamless connectivity is not the only thing this office space has to offer. The 45,000 square feet state-of-the-art center with 900+ seats, offers world-class workspace design. A workspace that is adaptable and ergonomically sound is the sign of a great modern workspace and Smartworks Chennai does just that. Vibrant colors like red and orange line the walls, while cooler colors like green and blue evoke feelings of tranquillity and steadiness.

It also boasts of a host of amenities such as cafeteria cum lounge serving healthy food options, gaming room, gym, medical room, meeting rooms, conference rooms, AV lounge, concierge services, fortnightly community events and many other facilities to make workspaces hassle-free and aid in improving the productivity of its members. The cafe has a charm of its own. With an overall color scheme of blue and white, it brings out the aquatic theme, while inevitably promoting a peaceful and calm atmosphere. Complementing is the colorful chairs and the hand-painted wall art. Such an exquisite combination of different materials and elements makes this cafe one of a kind.

Smartworks made its pan India foray in April 2016 and in a short span of 16 months, has emerged as India’s largest and fastest-growing player in the shared office space and co-working segment. Smartworks presently has 16 centers across nine cities covering more than 900,000 sq. ft. space and plans to expand to 3 million square feet, in over 20 Tier 1 and 2 cities, pan-India by the year 2020.

“We aspire to reinvent India’s workspaces with a simple motto – ‘Create office spaces where people ‘want’ to go, not just ‘have’ to go!’. Smartworks’ newly launched center in Guindy offers affordability, accessibility, tailor-made office spaces and access to various community events, workshops, and seminars.

In today’s world, rich technology infrastructure is a major business driver and is one of our major offerings in all our centers. Smartworks offers a ‘futuristic workplace’ that not only offers best in class technical support to its clients, it even offers fantastic designs and personalized value-added services.” said Harsh Binani – Co-Founder of Smartworks

Another advantage of the Smartworks Chennai Office was that even before the launch, the Chennai center already had a strong client base of companies such as Redington India Limited, Morgan Advanced Materials India Pvt Limited, Greaves Cotton Limited amongst others. Riding on this accelerating growth and demand from a strong client base, Smartworks is planning to further expand its operations in OMR, Chennai. Apart from Chennai, Smartworks also plans to expand to other parts of Tamil Nadu in the near future particularly Madurai and Coimbatore.

Here’s a sneak peek into our Guindy, Chennai office:

Inspiring Office Interior In Guindy Center

Smartworks Center In Guindy

Modern Office Space

Smart Meeting Rooms

Experience the convenience we bring with our offices with the drone shot from Smartworks, Guindy, Chennai

 

Smartworks Office Premises

2017– A rewarding year for Smartworks

Smartworks has evolved from being office premises providers to building an organization which delivers a lasting office experience that will forever change how Indians perceive office. We have emerged as a Brand that “Creates office space where people want to go, not just ‘have’ to go!” As we bid adieu to the year 2017 and welcome the New Year, let’s look back on the milestones we achieved in terms of expansion, growth and financial progress in providing the best office premises.

Some of the high points of Smartworks include:
Office premises - Smartwork
There is a lot more to come in 2018 so stay tuned to find out why Smartworks is one of the best serviced office space providers out there.

office space mumbai

Mumbai stats: why it makes sense to rent an office space in Mumbai

From the first quarter of 2015, absorption of office spaces Mumbai have increased significantly. Let’s take a look at the reasons for the boom in renting commercial official space in the city:

  1. According to a report by JLL, in 2013, the net absorption of commercial spaces in Mumbai increased by 4.4% year-on-year to about 7 million square feet compared to 6.7 million in 2012
  2. In the first half of 2011, Mumbai was the topmost cities in terms of rate of office space absorption. This surge was primarily due to the availability of office spaces in the city. In case you are looking for office space on rent in Mumbai, then get in touch with us at https://www.smartworksoffice.com/
    Till the end of 2013, companies mostly favoured suburban locations in Mumbai for leasing office spaces compared to the commercial business district. This shift was primarily driven by the high prices of commercial spaces in the prime business locations in the city. Moreover, the suburban landscape of the city was also supportive to the diverse preferences and demands of the organisations. Earlier, the largest office constituents in Mumbai comprised mainly of the financial, banking, and insurance sectors. However, now, with the increased presence of IT-ITES companies in the city, the low-cost office space destinations are high on demand.
  3. This transition in the commercial space landscape of the city and the improvement in infrastructure have attracted organisations from sectors that were under-represented in the business map of the city. Sub-Urban areas such as Navi Mumbai, Thane, and other areas of Eastern Mumbai such as Vikroli, Powai, and Kanjur Marg have witnessed an increased stock of commercial space for rent.
  4. In 2013, the office space vacancy in Mumbai dropped to 22.9%. During that year, the city witnessed a significant drop in office space vacancy in areas such as the Western Suburbs, SBD-Central, Navi Mumbai, Thane, and so on. On the other hand, during the same year, vacancy in Eastern Suburban areas and CBD rose. This was due to the availability of high-quality office spaces in these areas.

If you too are planning to take office for rent in Mumbai, contact us at +91-84489-80480.

Delhi stats: why it makes sense to rent office space in Delhi

Despite this decline, Delhi, the capital city of India, witnessed a rise in net absorption rate. Let’s take a deeper look into why it makes sense to get a rented office space in Delhi:

  1. During the first half of 2016, the net absorption of commercial space in Delhi-NCR region was about 2.4 million square feet. This was 39% more than the previous year. This surge was primarily due to the overall increase in business and investment activities in Delhi-NCR region. The net absorption of commercial space in the Delhi-NCR region was primarily heightened by the increased space take-up by the IT-ITES companies.
    Source: http://www.hindustantimes.com/real-estate/office-space-take-up-rises-in-delhi-ncr/story-bMk5djw09WoVU2XoPqVupN.html
  2. According to  a survey by CBRE India, the demand of corporate office in India had witnessed a growth during the third quarter of 2015. During that period, more than 9 million square feet of office space was leased across the leading cities in the country. Out of them, Delhi-NCR region was the most desired destination for leasing an office space. It attracted 31% of the total leased office spaces in the country.
  3. The Indian Office Market Review 2015 by CBRE mentions that the demand for quality Grade-A office spaces is on rise and this demand has boosted the absorption of corporate real estate in the leading cities in India, particularly the Delhi-NCR region.  In case you too want to rent office space in Delhi, then get in touch with us at https://www.smartworksoffice.com/
  4. These activities are primarily driven by the commercial space requirement by the corporate organisations, primarily in the IT-ITES sector. The IT-ITES sector constituted about 50% of the total demand. This was followed by the banking and financial services sector and E-commerce sector.
  5. The report also mentions that the infusion of new commercial spaces in the key cities, including Delhi-NCR region also contributed to the growing demand for commercial space. An increased availability of rented office space in Delhi has also attracted healthy queries from businesses. According to Samantak Das, the Chief Economist and National Director of Research at Knight Frank India, cities such as Mumbai and Delhi are top choices for renting commercial space in term of rentals.

Source: http://www.cbre.co.in/aboutus/mediacentre/mediaarchives/Pages/Commercial-Realty-On-Growth-Path-With-20-Rise-In-Office-Space-Take-Up-In-Q3-2015-Over-Q3-2014-.aspx
http://economictimes.indiatimes.com/wealth/personal-finance-news/mumbai-delhi-top-global-commercial-property-market-in-terms-of-rentals/articleshow/49397762.cms

We hope that this data will give you an overview of why top companies prefer Delhi-NCR for their next office destination. ?