Co-working player Smartworks is on an expansion mode. The firm has Indian real estate developers has announced the leasing of two new facilities in Delhi NCR – one on Delhi-Noida Expressway and the other in Gurugram.
With the opening of two new facilities, the footprints of Smartworks in Delhi-NCR has touched over 4 lakh sq ft. The two newly-opened centres have a combined seating capacity of 6500 seats.
“Gurugram and the Delhi-Noida Expressway are two of the most important business hubs in North India, with several large domestic and international firms, across sectors, either establishing or expanding their footprint here,” Neetish Sarda, founder, Smartworks, told Money Control. “Our two new centers aim to address the continuously growing demand for agile workspaces in metro cities.”
The center opened on Delhi-Noida Expressway will provide recreational facilities, F&B services, and a fitness center among other basic amenities. In fact, the firm is working on developing collaborative technology solutions for services like laundry and grocery, smart security and smart parking services.
Well, the co-working segment is on a major expansion mode in India. According to a recent report by property consultant Cushman & Wakefield, co-working players leased nearly 5 million sq ft of space in 2018. This was the highest-ever annual leasing recorded for the co-working segment.
Since its inception in April 2016, Smartworks has been seen aggressively expanding its footprint across key cities in India to cater to the growing demand for agile workspaces. The firm reportedly plans to expand its footprint to 20 million sq ft over the next three to five years.