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office space

Smartworks leases over 270k sq ft in Noida

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

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Anita Sharma
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Mobile: +91 96507 88255

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workspace

Why co-working space

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

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coworking space

Smartworks to raise $35m

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

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officespace

Co-working firm Smartworks to raise $35-mn growth fund

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

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The New Bubble

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

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coworking space

Smartworks Picks up 270k sq ft in Noida on Lease for Nine Years 

The flexible office spaces provider has been growing in southern and western India and expects to expand its portfolio to 10 million sq ft by 2022

BENGALURU: Flexible office spaces provider Smartworks has picked up more than 270,000 square feet (sq ft) in Noida through a longterm lease spread over nine years. This is its largest facility with a seating capacity of 5,500 and is adjacent to the Delhi-Noida Expressway. 

The Delhi-based co-working spaces operator has signed eight new lease agreements totalling around 800,000 sq ft across Bengaluru, Chennai, Pune and Noida since the beginning of this year. 

Smartworks’ total footprint has touched around 2.8 million sq ft, with a total investment of $25 million so far. “We are very bullish on scaling our business in the existing cities. Around 60% of these facilities are operational and the remaining will go live in a month’s time as we have already signed up clients for each one of them,” said cofounder Harsh Binani. 

Smartworks has been growing in southern and western India since early 2019 and is expected to expand its workplace portfolio to 10 million sq ft by 2022. “Smartworks has clocked over ?100 crore in revenue and has been profitable for an entire year at the corporate level,” Binani said. Currently, it has 35,000 seats spread across 23 centres in nine cities, including the national capital region (NCR), Mumbai, Bengaluru, Hyderabad, Pune, Chennai and Kolkata. 

“Smartworks is into a large-format play and the average space take-up by each of our clients is about 280 seats, spread across about 10,000 sq ft,” said Binani. The office spaces market grew 21% yearon-year in the first half of this year, according to industry tracker JLL. “Net absorption of office space across top seven cities touched nearly 22 million sq ft,” it said. The growth in demand was driven by co-working players (15% of overall leasing) and IT/ITeS space (37% of overall leasing), JLL .

Other Link

https://www.projectstoday.com/News/Smartworks-picks-up-270000-sq-ft-in-Noida-on-lease

http://realtyplusmag.com/smartworks-leases-270000-sq-ft-space-in-noida-for-nine-years/

https://realty.economictimes.indiatimes.com/news/commercial/smartworks-leases-270000-sq-ft-space-in-noida-for-nine-years/70479759

https://content.magicbricks.com/property-news/delhi-ncr-real-estate-news/smartworks-leases-270000-sqft-space-in-noida-for-nine-years/107866.html

https://landisters.com/news/2019/08/02/smartworks-leases-270000-sq-ft-space-in-noida-for-nine-years/

http://www.propertynewsindia.in/2019/08/smartworks-leases-more-than-2-lacs-sqft-space-in-noida-for-nine-years/

National Real Estate Development Council

http://www.naredco.in/news-updates-details.asp?id=26072&prYear=2019&xmon=Aug&st=1&links=nw2

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

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smartworks- office space

Thailand’s MQDC enters India with first co-working centre in Delhi, leases 22,000 sq ft from DLF

Magnolia Quality Development Corporation (MQDC) develops, invests in, and manages residential, mixed-use, commercial, and hotel projects.

Thailand-based real estate firm MQDC is entering the Indian property market by taking on lease 22,000 sq ft from realty major DLF to start its first co-working centre in the national capital, a senior company official said on Friday.

Magnolia Quality Development Corporation (MQDC) develops, invests in, and manages residential, mixed-use, commercial, and hotel projects. It develops projects under brands like Magnolias, Whizdom, The Aspen Tree, and Mulberry Grove.

“We are entering into the Indian real estate market with our first co-working centre named ‘Whizdom Club’ at Greater Kailash-II in South Delhi. We have taken 22,000 sq ft area from DLF to open this facility comprising over 400 seats,” MQDC India Real Estate Director Chulamas Jitpatima (Amy) told PTI.

She said the company has invested Rs 12 crore to set up this co-working centre.

“We are targeting students, start-ups and small and medium enterprises as well as corporates,” Amy said.
The company is yet to finalise price per seat but will offer discounts to students and start-ups, she added.

“With the launch of ‘Whizdom Club’, we aspire to create a space that not only hosts creativity and ideas but also nurtures and supports all members for a better tomorrow. The aim of this innovative space will be to provide a co-working hub that will help corporations, rising entrepreneurs, aspiring students, and SMEs (small and medium enterprises) to meet their business and networking goals in an inspiring environment,” Amy said.

MQDC Vice-President (Whizdom Society) Krissayuth Chavavitayatham said, “Delhi is our first location as the city offers demographic diversity, besides being the fastest-growing metropolitan city with a robust ecosystem and a thriving business culture.”

The co-working segment has grown rapidly in India during the past three-four years because of rising demand of flexible workspace from start-ups, professionals and corporates. Already, the total stock of such space has reached 23 million sq ft across seven major cities in India.

WeWork, Regus, CoWrks, Awfis, Smartworks, OYO Workspace, GoodWorks, GoWork, Skootr, IndiQube, Avanta, 91 Springboard, Creator’s Gurukul, GoHive, OneCulture, Plus Offices and Spring House Coworking are major players in this segment.

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

HASSLE- FREE OFFICES IN JUST 30 DAYS

Fill out the form below and our team will contact you.


flexible workspace

Flexible workplace operators’ take-up rises 52% in H1 2019: Report

During this period, Bangalore accounted for almost 30% of the leasing by flexible space operator, said a recent report from CBRE.

BENGALURU: The need for workspace efficiency and a collaborative work environment has increased demand for flexible office space for the first half of 2019. 

The overall flexible space take-up in India reached about 4.6 million sq. ft in H1 2019, up 52% over the same period last year. During this period, Bangalore accounted for almost 30% of the leasing by flexible space operator, said a recent report from CBRE

This is primarily a result of established corporates leasing large-sized spaces in recent times, in order to provide ‘free addressing’ options as well as improve the agility of their RE portfolios. 

“India is currently one of the leading flexible space markets in APAC and we expect increasing investments in this segment going forward. Office stock is expected to grow from 600 mn sq. ft. in mid-2019 to a billion sq. ft. by end of 2030 and flexible space will comprise 8-10% of the total office stock,” said Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE. 

Some of the large transactions during the first half of 2019 includes, Smartworks leasing 2,90,000 sft in Delhi-NCR and WeWork renting 2,85,000 in Mumbai

op cities driving the demand are Delhi-NCR, Bangalore and Mumbai. The number of small- to medium-sized deals of 20,000 – 100,000 sq. ft rose from 52% in H1 2018 to 61% in H1 2019. Moreover, the number of large-sized deals exceeding 100,000 sq. ft increased from 6% to 13% y-o-y in H1 2019.

“Customized enterprise solutions provided by operators offer a competitive advantage as well as enable them to retain tenants for a longer-term. This is expected to continue to attract established corporates towards the flexible space segment,” said Ram Chandnani, Managing Director, Advisory and Transaction Services India, CBRE.

Operators have also turned their focus from the top seven cities to tier-II cities such as Jaipur, Goa, Chandigarh and Lucknow in the past few quarters.

“Most of our matured centres are 95% occupied and the turnaround time has reduced from seven months to two months now, reflecting strong demand for flexible space,” said Neetish Sarda, Founder of Smartworks.

Flexible space stock crossed 23 million sq. ft. across leading cities in India during Q1 2019; this stock exceeded 18 million sq. ft of 2018CY mentioned the report. 

Also, the continuously increasing demand for space in non-core micro-markets, coupled with paucity of space in core micro-markets, is likely to result in the flexible office space dominating leasing in the future. Additionally, the demand for managed office spaces will strengthen in the coming few quarters and become almost comparable to that of hybrid spaces.

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

HASSLE- FREE OFFICES IN JUST 30 DAYS

Fill out the form below and our team will contact you.


office space

Flexible workplace operators lease 52% more office space in Jan-June at 4.6 mn sq ft: CBRE

Bengaluru: The need for workspace efficiency and a collaborative work environment has increased demand for flexible office space for the first half of 2019.

The overall flexible space take-up in India reached about 4.6 million sq. ft in H1 2019, up 52% over the same period last year. During this period, Bangalore accounted for almost 30% of the leasing by flexible space operator, said a recent report from CBRE.

This is primarily a result of established corporates leasing large-sized spaces in recent times, in order to provide ‘free addressing’ options as well as improve the agility of their RE portfolios.

“India is currently one of the leading flexible space markets in APAC and we expect increasing investments in this segment going forward. Office stock is expected to grow from 600 mn sq. ft. in mid-2019 to a billion sq. ft. by end of 2030 and flexible space will comprise 8-10% of the total office stock,” said Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE.

Some of the large transactions during the first half of 2019 includes Smartworks leasing 2,90,000 sft in Delhi-NCR and WeWork renting 2,85,000 in Mumbai.

Top cities driving the demand are Delhi-NCR, Bangalore and Mumbai. The number of small- to medium-sized deals of 20,000 – 100,000 sq. ft rose from 52% in H1 2018 to 61% in H1 2019. Moreover, the number of large-sized deals exceeding 100,000 sq. ft increased from 6% to 13% y-o-y in H1 2019.

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

HASSLE- FREE OFFICES IN JUST 30 DAYS

Fill out the form below and our team will contact you.


The ever-growing popularity of ‘cool’ coworking space

Pocket friendly places

Started a new company, on a shoestring budget but need a fancy office with all the amenities? Then coworking spaces is what you’re looking for. The popularity of coworking setups is growing in India with WeWork opening its offices all across the country. Innov8, Awfis, SmartWorks and CoWrks are some of the well-known names and now Oyo has jumped into the fray with OYO Workspaces. (Pic: Innov8/Facebook)

A natural draw for all

Co-working spaces are a natural draw, enticing startups and even big companies looking for flexible office space. Many feel with India becoming the third-largest startup hub in the world and the second-largest freelancer workforce in the world, there is a huge potential demand for co-working spaces in the country. The market is huge and expanding. Currently, 46 per cent of India’s workforce is millennials looking for tech-smart offices. They embrace collaboration opportunities, giving a window to co-working players to expand. (Text: Mamta Sharma/ET Contributors) (Pic: Awfis/Facebook)

A flexible place to work

The idea of flexible workplaces has evolved over the year. Over the past one and half years, the co-working ecosystem has undergone massive changes. Co-working is no longer perceived as a new-age workplace practice, suitable only for startups and SME. The office rental costs continue to rise across business districts and co-working platforms across the board see great opportunity for the sector to generate profit from rising demand for flexible, innovative and collaborative workspace designs. The demand for these spaces has been propelled by a burgeoning shared and gig-based economy, startups looking for cost-effective workspaces and even large corporates looking to expand operations across new markets in an inexpensive manner. (Text: Mamta Sharma/ET Contributors) (Pic: SmartWorks/Facebook)

WeWork and its growth story

One of the companies leading the co-working space segment is WeWork. In two years the company has got 21 locations in India and the latest coming up in Noida, the US-based co-working giant recently renamed the We Company, is showing how the popularity of co-working spaces in growing. The startup is all set for its initial public offering even as it revealed a net loss of $690 million in the first six months of this year. (Pic: WeWork/Facebook)

How ‘cool’ are these amenities

Another co-working space, GoWork, owns its campuses and doesn’t rent them. Co-working spaces membership fees vary based on the type and amount of services availed by the users and can be collected on a daily, weekly, monthly, quarterly or yearly basis. The amenities provided here can include local businesses like local gyms, technical equipment providers, caterers, etc. (Text: Mamta Sharma/ET Contributors) (Pic: GoWorks/Facebook)

Meet the newest Unicorn

A newly-minted unicorn, Knotel, wants to give WeWork a run for its money. The coworking startup raised $400 million at a valuation that catapults the startup to unicorn status. One key difference between the startup and WeWork is that Knotel only counts large companies such as Starbucks Corp., Microsoft Corp., Oracle Corp., AT&T Inc. and BP Plc as clients. Founded in 2016, Knotel spans more than 4 million square feet of flexible workspace. Its leases have a weighted-average term of more than two years and a cohort of more than 100 desks. (Text: Bloomberg) (Pic: Knotel/Facebook)

About Smartworks: 

Smartworks is India’s largest provider of agile workspaces, with a footprint of 2.8 million sq. ft. across 23 locations in 9 cities (Delhi NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune) catering to more than 600 organizations across large enterprises, SMEs and start-ups. Founded in April 2016, Smartworks is redefining the Indian office experience by focusing on design, hospitality, technology and customer delight experience. Smartworks is also the only Indian agile workspace provider to have become profitable in India.

Central to this ambition is the company’s motto, ‘Workspaces that work for you’, with the vision of creating the perfect environment by just not building communities, but also ensuring their member employees are productive in the workplace.

For more information, log in to www.smartworksoffice.com

Media Contacts:

Anita Sharma
Email: [email protected]
Mobile: +91 96507 88255

HASSLE- FREE OFFICES IN JUST 30 DAYS

Fill out the form below and our team will contact you.