Smartworks, oneoftheleading players in the flexible workspace sector, is significantly strengthening its footprint in India's commercial real estate market. The company has recently leased 470,000 square feet of office space in Gurugram, a strategic move aligned with its upcoming Initial Public Offering (IPO), through which it aims to raise ₹550 crore.
This expansion reflects the commitment ofSmartworks in catering to growing demand in flexible office solutions among enterprises. Apartfromstrengthening its presence in major cities, Smartworks is also aimedat foraying into tier-2 cities asit has signed on nearly 170,000 square feet in Jaipur and Indore. This move fallsintothe broader objectiveoftapping emerging markets and offering agile workspace solutions across diverse locations.
Smartworks is setting itself up to meet the evolving needs of businesses seeking flexible and scalable office spaces by expanding its operations both in metropolitan and smaller cities.