Smartworks expands Pune portfolio, leases entire 6 lakh sq ft tower in Balewadi
workspace platform Smartworks has picked up an entire tower with 14 floors of office space spread over 6 lakh sq ft in Pune’s Balewadi through a long-term lease to set up a coworking center and expand its presence in the city. The company has leased the space for a total of 15 years in an upcoming commercial tower 43 EQ close to Balewadi High Street, taking its portfolio of managed workspaces in Pune to over 3 million sq ft.
“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.
The company is aiming to start operations at this new co-working hub in October and once live, the hub is expected to accommodate over 8,000 desks.
With a presence in 13 cities and a portfolio comprising more than 39 centres spanning over 8 million sq ft, Smartworks caters to sector-agnostic large organizations, including large enterprises, as well as unicorns and soonicorns, serving over 550 clients.
The upcoming office space is being tailormade and aimed at offering a conducive environment for enhanced productivity and opportunities for collaboration and networking, the company said.
Owing to the increased need for adaptable workspace solutions from large corporations and dynamic startups globally, the Indian market has emerged as one of the fastest-growing hubs for flexible office spaces, particularly in the
