Smartworks leases 3 lakh sqft shared space with Mapletree in Bengaluru


Smartworks, claimed by the company to be India’s fastest growing network of shared work spaces, has leased 3 lakh sqft of workspace in Mapletree’s Global Technology Park situated along the Outer Ring Road of the city. The IT Park was acquired by the Mapletree India Management Services in 2011.


The centre will have a sitting capacity of 6,000 seats with rent varying from Rs 10,000-15,000 per seat per month.


Neetish Sarda, founder of the company claims that about 30% of the space is pre-sold. Incedo, a technology solutions and services provider, is one of the tenants that have leased space in the centre.


Smartworks has invested about $15 million since it came into being in 2016. It currently has 14 centres with 7 lakh sqft space across nine cities i.e. Delhi, Gurugram, Noida, Kolkata, Bengaluru, Mumbai, Pune, Chennai and Hyderabad.


The company plans to lease at least 3.5 million sqft of more shared workspace in the near future. “We aim to expand in South and West India in the next quarter,” said Sarda.


Harsh Binani is the co-founder of the company. He has the prior experience of having worked with McKinsey & Company, as a consultant in Chicago and also with Medanta Medicity.

Written by The Realty Paper

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