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Smartworks Coworking Spaces Limited ( (IN:SMARTWORKS) ) has issued an announcement.
Smartworks Coworking Spaces has signed a lease deed for an additional 125,906 sq ft in Hyderabad, which will expand its existing operational capacity of 9.2 million sq ft within an overall leased portfolio of 11.1 million sq ft. The new space, expected to be added within April 2026 at an estimated investment of about ₹17 crore funded through internal accruals and issue proceeds, underscores the company’s push to support business growth and deepen its operational footprint in a key office market where it is already operating at a high utilization rate of 84%.
More about Smartworks Coworking Spaces Limited
Smartworks Coworking Spaces Limited operates in the flexible office and coworking space industry, providing leased and managed office spaces to corporate and enterprise clients. The company focuses on scaling its footprint across major Indian cities, with a business model built around large-format leased capacity and high operational utilization of its centers.
Average Trading Volume: 3,430
Technical Sentiment Signal: Strong Sell
Current Market Cap: 41.93B INR
For an in-depth examination of SMARTWORKS stock, go to TipRanks’ Overview page.