Smartworks leases 3L sq ft in Bengaluru Suburb

Flexible workspaces provider Smartworks has picked up 3 lakh sq ft on lease at global technology park, commercial property in Bellandur, a Bengalu­ru suburb.

The workspace has seating capa­city of 6,000 and with this centre, Smartworks’ total footprint in In­dia has reached 2 million sq ft across 20 centres.

The facility is scheduled to be operational from December 2018. More than 60% of the space has already been pre-booked by leading enterprises including Deluxe with 1,200 seats, Altron with 220 se­ats and Play Games24X7 with 450 seats. Smartworks already counts Tata Communications, Microsoft, ArcelorMittal, Amazon, Lenovo, and Olx among its clients. “There has been huge interest from large enterprises and we are looking at opening more facilities hi Benga­luru,” said Neetish Sarda, founder of Smartworks.

Smartworks recently opened its second facility in Chennai after its first centre launched in Hydera­bad. The company has been expan­ding its presence in southern and western India since the beginning of the year. The firm plans to ex­pand their work portfolio to 10 million sq.ft in the next 3-4 years. “Smartworks offers its clients a cost advantage of up to 30-40% achieved through technology inter-Wittithis. venting that keep the total operating costs footprint of IOW,” said Sarda. workspaces The firm has also provider has introduced reached ‘Smart Mitri’, the 2 million sq ft world’s first female-across 20 ie AI robot. It will centre play an influential role in handling the overall office management for the facility, ranging from the visi­tor system to being a counsellor eventually This is the first time in the world that a co-working firm is introducing robotic technology to the co-working management ecosystem.

According to the latest report by CBRE, the Asia Pacific region is forecast to continue to grow rapid­ly over the next five years, with In­dia emerging as one of the world’s largest co-working markets by 2020. Agile space operators have grown rapidly in recent years, rea­ching a total footprint of nearly 40 million sq ft as of the first half of 2018 in 16 major Asia Pacific cities including Delhi-NCR, Mumbai and Bengaluru.