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In a strategic move to strengthen its foothold in the commercial real estate sector, Smartworks, a leading co-working space provider, has leased 4.8 lakh square feet of office space in Gurugram. The deal, valued at an annual rent of Rs 94 crore, underscores the growing demand for flexible office spaces in India's business hubs. The new location will be a significant addition to the existing portfolio of Smartworks, providing businesses with high-quality, customizable workspaces that meet the evolving needs of the corporate world. This is a clear response to the growing trend of companies opting for flexible work environments as they navigate the post-pandemic shift to hybrid and remote work models. Gurugram is very close to New Delhi, and the business ecosystem has boomed, but still holds a top rank for corporates.

Infrastructure is a modern one, well connected with large office space easily scalable to business requirements. The company's decision to invest in a large space further shows its confidence in the future of hybrid work setups, making it a significant player in India's co-working space market. The new lease reflects the broader trend of companies prioritizing flexibility, collaboration, and cost-efficiency, factors that have become essential in the evolving corporate landscape.