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In a major real estate move, Smartworks, India’s leading managed office space provider, has leased 4.8 lakh sq. ft. of prime office space in Gurugram for an annual rent of ₹94 crore. This substantial expansion underscores the company’s aggressive growth strategy and commitment to meeting the rising demand for flexible, tech-enabled workspaces in one of India’s top corporate hubs.

As businesses continue to shift towards cost-effective, scalable office solutions, Smartworks is capitalizing on this trend by offering premium managed spaces tailored for enterprises and startups alike. With this latest leasing deal, the company strengthens its position as a market leader in the workspace-as-a-service segment, catering to the evolving needs of modern businesses seeking agility and efficiency.

The Gurugram lease deal not only highlights the region’s booming commercial real estate market but also reflects Smartworks’ confidence in sustained demand for premium office spaces. As hybrid work models gain traction, the company’s focus on customized, fully-serviced offices is reshaping the future of work in India.

Could this be a game-changing moment for Smartworks in the managed office space sector? With this bold expansion, the company is making a strong statement about its market dominance and future growth trajectory.