Smartworks sets up largest centre in Mumbai, region's portfolio crosses 1 million sq ft

Smartworks sets up largest centre in Mumbai, region's portfolio crosses 1 million sq ft

Listed managed office space player Smartworks has announced the leasing of 5,57,000 square feet of office space at the Intellion Park office campus on Thane-Belapur Road in Navi Mumbai, in the Mumbai metropolitan region (MMR), making it the company's largest facility in the region. With this, Smartworks' leased portfolio in the region has cross 1 million square feet, the firm added in a statement.

Smartworks said in a release that the campus, slated to be the largest tech park in Navi Mumbai, is already attracting interest from marquee clients, due to its location and amenities. The Thane-Belapur Road and its surroundings is home to a number of prominent commercial campuses, operated by players such as Mindspace and Capitaland.

"Mumbai is a strategic market and enterprise demand here continues to accelerate across sectors. Intellion Park, our largest managed office campus in the city, is designed for enterprises that need scale, speed, and experience under one roof. Crossing over 1 million sq. ft. leased portfolio mark in Mumbai is not just a milestone, it reflects the deep trust enterprises place in our model and our ability to deliver at scale," said Neetish Sarda, managing director and founder of Smartworks.

Across various cities such as Mumbai, Pune, Bengaluru, and elsewhere, Smartworks manages around 12 million sq ft in leasable space.

Intellion Park has been developed by Tata Realty and Infrastructure, the Tata Group's real estate venture, which has stepped up its plans in the commercial real estate space in Mumbai, besides existing interests in residential real estate.

"Our partnership with Smartworks, a proven leader in managed campuses, reflects a shared vision to create world-class, future-ready work environments. With Intellion Park set to become Navi Mumbai’s largest IT Park, and Smartworks’ expertise in building scalable, enterprise-grade campuses, this collaboration is poised to set new benchmarks in the region’s commercial real estate landscape," said Sanjay Dutt, managing director and CEO of Tata Realty and Infrastructure.