StockWatch
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Diversified Commercial Services
Expansion27 May 2026, 02:34 pm

Smartworks Adds 492,661 Sq. Ft Capacity in Bengaluru

AI Summary

Smartworks Coworking Spaces Ltd has announced the addition of 492,661 Sq. Ft to its existing capacity in Bengaluru. This expansion is part of the company's strategy to support business growth and broaden its operational footprint. The company's existing capacity as of March 31, 2026, was 13.7 million Sq. Ft (Leased) and 10.1 million Sq. Ft (Operational), with an 82% utilization rate for operational capacity. The expansion is expected to be completed within May 2026, with an investment of approximately ₹70.00 Crores financed through internal accruals and issue proceeds.

Key Highlights

  • Smartworks expands Bengaluru capacity by 492,661 Sq. Ft.
  • Expansion investment is approximately ₹70.00 Crores.
  • Funding through internal accruals and issue proceeds.
  • Existing operational capacity utilization is at 82%.
  • Expansion aims to support business growth and footprint.