Nov 23, 2021
November, 2021: Smartworks, India's leading managed and flex space provider, today announced the leasing of approximately 90,000 sq. ft., to Xoriant, a product engineering, software development, and technology services firm headquartered in Silicon Valley, California and established in 6 cities in India.
The leading International Property Consultant Knight Frank facilitated the deal comprising 2000+ seats across Mumbai and Pune with more expansion in progress in many other cities.
Neetish Sarda, Founder, Smartworks, said, "As companies continue to calibrate their work and workplace strategies, they are choosing flex space for tech-enabled work environment, flexibility, space optimization and cost-savings. We are witnessing strong demand from clients for multi-city expansion, not only in Tier 1 but also in Tier 2 cities, as our spaces provide them with the agility to meet their business requirements."
After signing up for office space with Smartworks in Chennai last year, the new space across Tier 1 & Tier 2 cities is in line with Xoriant’s aggressive expansion plans.
Mr. Narayanan Duraiswami, SVP Operations and IT, Xoriant stated, "We wanted to ensure a modern, tech-enabled, flexible workspace with a convenient commute to meet the demands of our exponentially growing workforce. As a winner of multiple Great Place to Work awards, Xoriant continues its employee-first culture with state-of-the-art offices for high productivity, satisfaction, and happiness indices. With Smartworks, we are able to augment our existing offices while maintaining the vibrant and digital-first office, hassle-free and touchless experience across all our locations in India and facilitating our employees to leverage the benefits that has the Xoriant mark - #BelongAtXoriant
Commenting on the deal, Knight Frank said, “Flexible office spaces have given a lucrative alternative to individuals as well as companies for their office space requirements, especially during the pandemic. Flex spaces provide companies with flexibility of space as well as lease terms which allows them to remain agile while creating their real estate strategies. Further, flex spaces also provide great advantage in keeping the capital expenses as well as operating expenses for companies at desired levels. In the latest period of Q3 2021, we saw a strong co-working market momentum with nearly 23,500 seat deals taking place across the top 8 cities in the country; and we expect this trend to remain buoyant in the times to come, especially in the post pandemic era where flexibility in operations will be a key element of success,” said Viral Desai, Executive Director, Transactions.
Smartworks offers fully managed, tech-enabled office solutions to enterprises, SMEs, and high growth startups with maximum flexibility and zero upfront CAPEX.
Smartworks is India’s largest provider of flexible workspaces, with a footprint of over 4 .2 million sq. ft. across 31 locations in 9 cities (Delhi-NCR, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai and Pune) and caters to more than 400 organisations across Fortune 500 companies, large enterprises, SMEs and established unicorns/startups. Founded in April 2016 by Neetish Sarda and Harsh Binani, Smartworks is redefining the Indian office experience by leveraging its robust physidigital platform to deliver tastefully designed, fully serviced, tech-enabled, flexible and affordable workspaces. The seamless blending of the physical and digital platform provides a superior customer experience. It enables both enterprises and their employees to access a host of products and services delivered conveniently at the workspace. Central to this ambition is the company’s motto, ‘Workspaces that work for you, with the vision of creating the perfect environment for enterprises to focus on their core work while ensuring their employees are happy and productive. For more information, log in to www.smartworksoffice.com