Smartworks Leases 4.92 Lakh Sq. Ft. Campus in Bengaluru
Smartworks has leased a 4.92 lakh sq. ft. campus in Bengaluru's Outer Ring Road, enhancing its presence in the enterprise market. This expansion supports the growing demand from GCCs and technology firms. The company reported FY26 revenues of ₹1,796 crore, up 31% YoY, and operates ~16.1 million sq. ft. portfolio.
The expansion in a key market like Bengaluru is a positive development, increasing the company's operational footprint and revenue potential. However, it is an operational expansion rather than a direct financial event like a merger or fundraising, hence medium impact.
The announcement details a significant expansion through a large office lease, indicating business growth and positive market reception. The company also reported strong financial results in its recent FY26 earnings.
Smartworks Coworking Spaces Limited has expanded its footprint in Bengaluru by leasing a new campus at Sattva Aura, located on the Marathahalli - Sarjapur stretch of the Outer Ring Road. The new facility spans approximately 4.92 lakh square feet and reflects the company's strategy of focusing on large-format managed campuses in key enterprise corridors.
This expansion targets the growing demand from Global Capability Centres (GCCs) and technology companies, which are prominent in this micro-market due to its strong urban infrastructure and proximity to talent pools. Neetish Sarda, Founder and Managing Director of Smartworks, highlighted that the company's model is designed to cater to enterprises consolidating their portfolios with fewer, larger partners, offering scale, reliability, and high-quality workplace infrastructure.
The new campus is equipped with modern office amenities, including a cafeteria, training rooms, a gym, and an executive lounge. Smartworks currently operates several managed office campuses across Bengaluru and recently announced its FY26 results, reporting revenues of ₹1,796 crore, a 31% year-on-year increase. The company boasts a total operational portfolio of approximately 16.1 million sq. ft. across 66 centres in India and Singapore as of March 31, 2026.
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Smartworks Coworking Spaces Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. 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.