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The commercial real estate sector in Gurugram is going through a massive transformation, and Smartworks is one of the first big-ticket plays in its effort to expand its footprint. The company has leased 4.8 lakh square feet of prime office space in Gurugram for an annual rent of ₹94 crore, reinforcing its position as a leading provider of managed office spaces.

This new expansion will help Smartworks realize its vision of providing premium, flexible office solutions to enterprises that are witnessing an increasing demand for modern workspaces. The property leased in DLF Cyber City offers cutting-edge amenities and scalable infrastructure for large corporations looking to achieve efficiency and innovation in their workplaces.

The deal is one of the largest office space leases in the region, and it underlines the growing preference for managed office solutions. Smartworks continues to attract businesses looking for hassle-free office setups, complete with tech-enabled services, collaborative environments, and cost-effective leasing options.

Smartworks is at the forefront of transforming into flexible, fully managed workspaces through a really wide network across 13 cities and over 9 million square feet of office space. Not only does this latest expansion in Gurugram strengthen its market presence, but it also highlights the growing demand for premium office spaces in India's top corporate hubs.

As Smartworks readies for its IPO, this strategic step further cements its leadership in the flexible workspace segment, which caters to enterprises that focus on agility, efficiency, and innovation.