Business Update20 May 2026, 10:21 pm
Smartworks Adds 402,200 Sq. Ft Capacity in Gurugram
AI Summary
Smartworks Coworking Spaces Ltd has expanded its capacity by 402,200 Sq. Ft in Gurugram. This addition is part of the company's strategy to support business growth and expand its operational footprint. As of March 31, 2026, Smartworks has an existing leased capacity of 13.7 million sq. ft, with 10.1 million sq. ft operational and an 82% utilization rate. The expansion is expected to be completed within May 2026, with an investment of approximately ₹60.00 Crores financed through internal accruals and issue proceeds.
Key Highlights
- Smartworks adds 402,200 Sq. Ft of capacity in Gurugram.
- Existing operational capacity utilization is reported at 82%.
- The expansion requires an investment of approximately ₹60.00 Crores.
- Funding will be sourced from internal accruals and issue proceeds.
- Expansion aims to support business growth and footprint expansion.