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Smartworks expands in Bengaluru, totalling its overall size to 1 million sq ft

With the launch, the total number of centers by the company total up to 15 across nine cities

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Provider of shared workspaces, Smartworks, has announced its new facility in Bengaluru that encompasses a footprint of 3 lakh square feet and 6000 seats taking the company’s total office space to 10 lakh square feet in India.

This is in line with the company’s plans to grow its footprint by nearly 400 percent with its new centres in other tier-1 cities of Mumbai, Chennai and Hyderabad. With this launch, Smartworks is taking its total number of centers in India to 15 across nine cities namely, Delhi, Gurugram, Noida, Kolkata, Bangalore, Mumbai, Pune, Chennai and Hyderabad, a company release says.

The ever-increasing demand for workspaces in India’s Silicon Valley prompted Smartworks to add a new facility with as big a number of seats as 6,000. The expansion in the city of Chennai also owes to the rising demand there. The first facility in Chennai in Guindy was booked out 100 percent within two months of its launch which led to the new 1500 seater facility in OMR across 85180 sq ft area which has been presold 50 percent prior to its launch.

Similarly, the Hyderabad facility has also been presold 50 percent, owing to an increased demand for workspaces in southern states of India. While in Mumbai, the company is adding another 900 seat capacity centre in Fleet House, this is in addition to the facility at Indiabulls in Lower Parel and Hyderabad is next to be launched soon.

“Currently, Smartworks is leading the shared office space in India, and with our upcoming expansions, we are reaching exponential growth levels, both in terms of revenue and office experience for our employees. We want our member companies to leverage the tremendous opportunities across our network and grow through the shared workplace model. This collaborative experience will usher in a new era of co-entrepreneurship fostering in a conducive environment designed to adapt the challenges of a perpetually changing business world,” says Neetish Sarda, founder of Smartworks.
First Published on May 3, 2018 06:30 pm
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