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Smartworks Coworking Spaces Limited has leased 2.2 lakh sq ft at DLF Cyber City, Gachibowli, Hyderabad, expanding its city footprint beyond 10 lakh sq ft. This marks Smartworks' fourth center in Hyderabad, adding to its presence in Raidurg, Kondapur, and Madhapur. Located in the IT corridor, the new space offers excellent connectivity to HITEC City, Outer Ring Road, metro, and the airport. The move follows a 4.7 lakh sq ft lease in Gurugram earlier this year. With 9.12 million sq ft across 45 centers in 13 cities, Smartworks remains India's largest managed campus operator.
Smartworks Coworking Spaces Limited has leased over 2.2 lakh sq ft of office space at DLF Cyber City in Gachibowli, Hyderabad, further strengthening its position in the city. This latest addition, announced earlier this week, has pushed the company's total footprint in Hyderabad, Telangana, beyond 10 lakh sq ft, according to a company statement. Advertisement
The newly leased space is housed in Block 3 of DLF Cyber City, marking Smartworks' fourth operational center in Hyderabad. It complements the company's existing facilities at Purva Summit in Raidurg, Galaxy in Kondapur, and Raheja Mindspace-Buildings 3A and 3B-in Madhapur.
Situated in Gachibowli's IT corridor, the new center benefits from proximity to HITEC City and convenient connectivity to the Outer Ring Road. The location is surrounded by dense residential zones, retail destinations, malls, and hotels, with easy access to both the metro network and the airport, making it a strategic choice for businesses.
This development follows Smartworks' recent leasing of over 4.7 lakh sq ft of space at DLF Commercial Tower in Gurugram earlier this year. Based on total stock as of March 31, 2024, Smartworks is one of India's largest managed campus operators. According to the draft red herring prospectus filed in mid-August 2024, the company manages a total super built-up area of 9.12 million sq ft across 45 centers in 13 cities across India.
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