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Post Info TOPIC: How Is the Flexible Workspace Market Shaping Up in Gurgaon?


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How Is the Flexible Workspace Market Shaping Up in Gurgaon?
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The flexible workspace market in Gurgaon is growing rapidly, and the latest example of this has been the lease of 470,000 square feet in DLF City-V by Smartworks. With four managed campuses in Gurgaon, Smartworks adds to its already established locations at Golf View Corporate Towers, RK 4 Square, and ASF Insignia.". This expansion represents the increasing demand for fully managed and serviced office spaces from businesses that look for agile and efficient work environments. As of August 2024, Smartworks operates 45 centers across 13 cities, aggregating to a super built-up area of 9.12 million square feet. The company's growth trajectory goes on to align with its plans for an initial public offering, which was approved by the Securities and Exchange Board of India. The proceeds would be used towards prepayment of some loans and general corporate purposes. This development underlines the growing importance of flexible workspaces in meeting the evolving needs of modern enterprise.



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