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Post Info TOPIC: What recent development has taken place in Gurugram's real estate market?


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What recent development has taken place in Gurugram's real estate market?
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The real estate firm Smartworks leased 4.7 lakh square feet of office space in DLF City and agreed to an annual rent of ₹94 crore. This development reflects the need for flexible workspaces in Gurugram as more and more companies opt for adaptable settings to meet changing needs. Smartworks will be looking at increasing its footprints in this competitive Gurugram market that houses many startups and established firms. The newly leased space will offer a diverse mix of clients access to modern amenities in a collaborative setting that encourages productivity and creativity. This development underlines Smartworks' strategy to expand into new regions besides highlighting the strength and vibrancy of the Gurugram real estate scene, which attracts significant investment. With companies pushing boundaries to address new work models in the post-pandemic world, demand for flexible office spaces will increase, thereby positioning Smartworks as a leader in filling that gap. This lease agreement is a significant milestone for Smartworks and the Gurugram real estate market, marking a strong recovery and a bright future for commercial spaces in the region.



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