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This agreement brings Smartworks’ managed space portfolio in the Delhi-NCR to one million square feet. Smartworks, a managed workspace platform, announced on February 20 that it has leased one lakh square feet of space in a Grade A commercial building in Cyber City, Gurugram.
A 16-lane freeway connects the RK Four Square to the International Airport, MG Road, Golf Course Road, and NH-8.A medical area, a restaurant, a smart store, an IoT-enabled conference room, and plenty of parking are among the amenities available at the newest Smartworks managed office space.
Smartworks Strategic Expansion With RK Four Square Building
Gurgaon is a key market for us, and we’re excited to share our expansion with RK Four Square in Cyber City,” stated Neetish Sarda, the founder of Smartworks. This comes after we just purchased Golf View Towers on Golf Course Road, which is almost at full occupancy.
Our footprint in Delhi-NCR now exceeds one million square feet, and we are resolute in our commitment to growing our presence in the area.” Owbro Solutions served as the deal’s advising and transaction partner, according to the business.
The company’s presence spans more than 40 facilities in 14 cities, totaling more than 8 million square feet. Global and Indian behemoths like Google, Accenture, Persistent Systems, EY, Moglix, Groww, and several more are among its clients.
Smartworks Expand Its Footprints By Leasing An Office Space In RK Four Square
Located On The Prime Location
Gain a competitive advantage with strategic location by leasing a well-managed office space in Smartworks RK Four Square Building.
Offers Customised Solutions
Create a unified experience by personalising the layout and design to imitate your business values and vision.
State Of Art Amenities And Services
Free access to Lounge Space, IoT-Enabled Conference Rooms, Smart Grocery Shop, Canteen, and Medical Rooms to create an ideal balance between efficiency and engagement.
Secure Your Place With Zero Capital Expenditure
Lease our fully equipped and smartly managed workspaces in RK Four Square, Cyber City and put your capital spending worries at ease.
Offers Great Flexibility
Explore the territory of managed workspaces with flexible seating and design layout hours made to suit the different needs of all business needs.
The Increasing Demand For Flexible Office Space In NCR Region
Although DLF runs much of Cyber City, the building that Smartworks took over is now owned by an independent party and is called Reliance House. According to insiders who spoke to us on condition of anonymity, the corporation is now carrying out due diligence and may sign the final deal in the first week of November.
A large percentage of the demand for commercial real estate is generated by flexible space operators, who like Gurgaon. According to Vibhor Jain, managing director of Cushman & Wakefield’s North India division, shared office space providers will continue to grow their share of the total leasing market in the months to come.
Smartworks India’s Top Flexible Work Space Provider
Reliance House, the building that Smartworks took over, is currently owned by an independent entity, despite the fact that DLF manages a large portion of Cyber City.
With 40 locations spread across 14 cities and an approximate 8 million square foot footprint, Smartworks is one of India’s top providers of managed workspaces.
It plans to end this fiscal year with 9.5 million square feet, of which around 500,000 are in Gurgaon. Recently, Smartworks leased 300,000 square feet in Noida and 230,000 square feet in Gurgaon.
Cushman & Wakefield Report On NCR Office Space Leasing
Since the Covid-19 outbreak, there has been an increase in demand for flexible office space. The hybrid booking platform Upflex Inc., located in the US and boasting the biggest worldwide network of flexible workplaces, reports that its share of office space climbed from just 7% in 2019–20 to 21% in 2022–2023 in India.
International real estate consultancy Cushman & Wakefield reports that the Delhi National Capital Region had gross leasing of 3.4 million square feet in the September quarter, down a little 4% from the previous quarter and 11from the previous year.
Source-HT
