Smartworks Expands in Pune with 6 Lakh Sq Ft Lease in Balewadi

Managed workspace platform Smartworks has significantly expanded its presence in Pune by leasing an entire 14-floor tower, encompassing 6 lakh sq ft, in Balewadi. This long-term lease, spanning 15 years, is for the commercial tower 43 EQ, located near Balewadi High Street. With this addition, Smartworks’ managed workspace portfolio in Pune now exceeds 3 million sq ft.

Expansion and Strategic Vision

“Our growth in Pune has been outstanding, and this expansion aligns with our aim to empower businesses by offering them tailored office solutions to boost productivity and foster growth in a professional, fully equipped, and managed setting,” said Neetish Sarda, founder of Smartworks.

New Hub Details

The new coworking center is slated to commence operations in October. Once operational, it is expected to house over 8,000 desks, providing ample space for businesses of various sizes. This expansion is a part of Smartworks’ broader strategy to cater to the increasing demand for flexible office spaces in India.

Smartworks’ Nationwide Presence

Smartworks currently operates in 13 cities, with a portfolio of over 39 centers covering more than 8 million sq ft. It serves a diverse clientele, including large enterprises, unicorns, and emerging startups, totaling over 550 clients. The new Balewadi center will be tailored to foster a conducive environment for productivity, collaboration, and networking.

Rising Demand for Flexible Workspaces

The Indian market has seen a surge in demand for adaptable workspace solutions, driven by the expansion of startups, evolving work environments, and the need for cost-effective and versatile office spaces. The Covid-19 pandemic has further accelerated this trend, with many businesses adopting remote and hybrid working models.

The Future of Workspace Solutions

As more companies recognize the advantages of flexible office spaces, this trend is expected to continue. Flexible workspaces offer a solution for businesses looking to optimize costs while providing employees with safe, efficient, and collaborative environments. Smartworks’ latest expansion in Pune is a testament to the growing demand and the company’s commitment to meeting these needs.

Smartworks’ strategic expansion in Pune positions it to better serve the dynamic needs of modern businesses, reflecting the ongoing transformation in workspace preferences.

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