Smartworks Surpasses 10 Million Sq. Ft. Milestone in Operational Portfolio
Smartworks achieves operational portfolio milestone of 10 million sq. ft
Business Standard
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Smartworks Coworking Spaces has achieved a significant milestone by surpassing 10 million sq. ft. of operational portfolio, becoming India's first listed flexible workspace provider to do so. The company reported a revenue increase of 34% year-on-year in Q3 FY26, reflecting strong demand and stability in its offerings.
- 01Smartworks has crossed 10 million sq. ft. of operational portfolio.
- 02The company reported a 34% year-on-year revenue increase in Q3 FY26.
- 03Mature centres operated at 93% committed occupancy, indicating strong demand.
- 04Smartworks serves a diverse client base, including Forbes 2000 companies.
- 05The campus-led model allows enterprises to expand without managing real estate directly.
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Smartworks Coworking Spaces has become the first listed flexible workspace provider in India to achieve an operational portfolio of 10 million sq. ft. This milestone was marked by the operationalisation of the Tata Intellion Park centre in Mumbai, which has attracted a Forbes 2000 company as a client. In Q3 FY26, Smartworks reported a revenue of ₹472 crore (approximately $57 million USD), reflecting a 34% increase year-on-year. The company's mature centres operated at an impressive 93% committed occupancy rate, showcasing strong demand and stability across its portfolio. Smartworks caters to a wide range of clients, including large enterprises and scaling businesses, through its innovative campus-led model, which allows companies to lease entire buildings and convert them into fully managed workspaces, facilitating expansion across cities without the burden of real estate management.
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The growth of Smartworks may lead to increased job opportunities in the flexible workspace sector and provide more options for businesses seeking office space without the hassle of real estate management.
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