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It seems that there's a surging demand for flexible workspaces in India. Here, Smartworks has leased 470,000 sq. ft. of office space in Gurugram well before the much-anticipated IPO. The firm is betting big on managed office spaces catering to enterprises that need cost-effective, scalable, and tech-enabled workspace solutions.

Gurugram is one of the most prominent corporate hubs, and companies are now focusing on this region to set up agile work environments. Smartworks has strategically expanded in this region to capitalize on the increasing shift towards flexible office solutions, particularly among startups, multinational corporations, and large enterprises. The shift in work culture, accelerated by hybrid work models, has further boosted demand for premium coworking spaces that offer customization, advanced infrastructure, and seamless employee experiences.

The company's aggressive expansion is happening at a time when companies are reviewing costs of real estate and shifting focus to operational flexibility. Through this, Smartworks is trying to strengthen its market position while getting ready for its proposed IPO. This expansion falls in line with the larger trend witnessed by corporates in choosing managed workplaces over traditional leases that benefit through efficiency, scalability, and plug-and-play benefits.

With Smartworks being a leader in offering dynamic workspace solutions to match modern business needs in India's burgeoning commercial real estate sector, its latest move in Gurugram reinforces the company's position as a leader in the flexible workspace industry in the country, thereby shaping the future of office environments

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