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Smartworks Coworking Spaces Limited has expanded its Mumbai footprint with a 182,300 sq ft managed office lease at The Square, a commercial development by Lloyds Realty Developers Ltd in Andheri (East). With this addition, Smartworks total portfolio in Mumbai has crossed 2 million sq ft, reinforcing its position in India's financial capital. The IGBC Gold pre-certified building is strategically located near Chhatrapati Shivaji Maharaj International Airport (T2) and key metro corridors, enhancing accessibility for enterprise occupiers. The expansion follows recent large-scale campus additions in Vikhroli and Navi Mumbai. The company said the move aligns with sustained enterprise demand for high-grade, flexible managed office spaces across Mumbai's prime commercial hubs.
Smartworks Coworking Spaces Limited, India's largest managed office platform by total area under management, has further strengthened its presence in Mumbai by leasing 182,300 sq ft of office space at The Square in Andheri (East). The project has been developed by Lloyds Realty Developers Ltd, and the transaction takes Smartworks total managed office portfolio in the city beyond 2 million sq ft. Advertisement
The newly leased space is located in a pre-certified IGBC Gold building, reflecting a focus on sustainability and modern design standards. The Square enjoys a strategic location in Andheri (East), one of Mumbai's most prominent commercial hubs. It is situated close to Chhatrapati Shivaji Maharaj International Airport (T2) and the MIDC commercial district. Connectivity is further strengthened by the Aqua Metro Line's T2 station, approximately 0.5 km away, and Marol Naka station on Metro Line 1, about 1 km from the development.
Commenting on the expansion, Neetish Sarda, Managing Director & Founder, Smartworks, said Mumbai continues to be a key strategic market for the company, supported by sustained enterprise demand across major business districts. He noted that with the portfolio in the city now exceeding 2 million sq ft, Smartworks is well positioned to address both existing and emerging requirements for managed office solutions, as corporate occupiers increasingly prefer flexible and scalable workplace models.
Ravi Agarwal, Chairman & Managing Director of Lloyds Realty, said the scale and quality of the transaction highlight Mumbai's enduring attractiveness as a commercial destination. He added that enterprises are increasingly opting for high-grade, thoughtfully designed workspaces, and that the partnership with Smartworks aligns with evolving office strategies that prioritise operational flexibility and long-term demand visibility.
The latest addition follows significant campus expansions by Smartworks in the Mumbai Metropolitan Region, including approximately 815,000 sq ft at Eastbridge in Vikhroli in partnership with the Hiranandani Group, and over 557,000 sq ft at Intellion Park in Navi Mumbai with Tata Realty. These large-format managed campuses underscore the growing appetite among enterprises for consolidated office environments that offer integrated amenities and professional management.
The new facility at The Square will feature a range of tech-enabled amenities aimed at enhancing workplace experience, including a caf with executive dining, recreational areas, training and meeting rooms, a medical room, and a smart convenience store. Smartworks follows a model of leasing large commercial assets and transforming them into enterprise-focused managed office campuses, overseeing design, delivery, technology integration, and day-to-day operations. This approach enables occupiers to scale efficiently without directly owning or managing real estate assets.
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