Smartworks, India’s largest managed office space provider, has taken a significant step forward by leasing 470,000 square feet at the prestigious DLF Commercial Building in DLF City-V, Gurugram. The six-year agreement, valued at an annual rent of ₹94.68 crore, represents one of the company’s largest expansions in the region.

As of August 2024, Smartworks boasts a portfolio of 9.12 million square feet across 45 centers in 13 cities, underscoring its leadership in the sector. Founder Neetish Sarda attributes the surge in demand to businesses prioritizing agility and operational efficiency. “The need for fully managed, technologically advanced workspaces is reshaping corporate real estate decisions,” Sarda emphasized.

Supported by a $29 million investment from Singapore-based Keppel Ltd. since 2019, Smartworks is leveraging its resources to address modern workspace needs. The Gurugram lease cements the city’s role as a cornerstone in the company’s strategic expansion.