Smartworks Expands to Aerocity with 1.41 Lakh Sq. Ft. Managed Office
Smartworks Coworking Spaces Limited opened a new managed office of approximately 1.41 lakh sq. ft. in Aerocity, Delhi NCR. The company reported Q1 FY27 revenue of ₹546 crore, up 44% YoY, with contracted rental revenue at ₹5,400 crore. As of June 30, 2026, Smartworks has a footprint of 16.9 million sq. ft.
The expansion into Aerocity adds to the company's footprint and strategic presence in a key market. While positive, it represents an incremental growth rather than a transformative event for the entire company.
The announcement details a significant expansion for Smartworks into a prime business hub, reflecting growth and a positive outlook for the company's operations and market position. Recent financial results also show strong year-on-year growth.
Smartworks Coworking Spaces Limited has announced its expansion into Aerocity, Delhi NCR, with a new managed office at 4 Worldmark by Bharti Real Estate. This new centre spans approximately 1.41 lakh sq. ft. and is situated adjacent to Indira Gandhi International Airport, positioning Smartworks in a rapidly growing commercial hub.
This expansion reinforces Smartworks' strategy to strengthen its presence in key enterprise corridors and high-growth office markets. The company aims to serve multinational corporations, GCCs, and large enterprises seeking premium, well-located managed workspaces. This initiative also deepens Smartworks' relationships with leading real estate developers, including partnerships with Bharti Real Estate, Hiranandani, Panchshil Realty, DLF, and Tata Realty.
Neetish Sarda, Founder and Managing Director of Smartworks, commented that Delhi NCR is a vital enterprise office market, and Aerocity's growth, driven by GCCs and multinational corporations, makes it a preferred destination. The new centre enhances their ability to meet the evolving demands of enterprise occupiers.
The 4 Worldmark centre features enterprise-grade infrastructure and a hospitality-led employee experience, within an IGBC Platinum Certified building. It offers collaborative workspaces, meeting facilities, wellness amenities, and executive lounges. The location provides members access to curated food and beverage experiences, retail, and public art.
Smartworks recently reported Q1 FY27 revenue of ₹546 crore, a 44% year-on-year increase, with contracted rental revenue at approximately ₹5,400 crore, indicating strong multi-year revenue visibility. As of June 30, 2026, Smartworks has a secured footprint of about 16.9 million sq. ft. across 70 centres in 15 cities in India and Singapore.
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Smartworks Coworking Spaces Limited filed this with the NSE as a statutory disclosure, categorised under general announcements. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Smartworks Coworking Spaces Limited. Read the original for the full detail.