Leases 5.6 lakh sq ft office space, says it is biggest deal to-date for a flexible office space in India Managed office space provider, Smartworks, leased a 5.6 lakh square feet area in Pune, and invested around ₹ 150 crore to set up a new centre, its seventh in Pune, as part of its strategy to expand the business amid rising demand for flexible workspaces. Real estate consultant, JLL India, helped Smartworks in taking this large office space on lease in a premium commercial property ‘M-AGILE’ at Baner in Pune. Smartworks and JLL India have termed the leasing deal of 5.6 lakh sq ft as the “biggest” in the flexible office space segment. The new centre has a capacity of over 8,500 desks, Smartworks said. The new co-working centre will become operational in September. Around 40 per cent area has already been given on lease to corporate clients. Smartworks founder, Neetish Sarda, said, “It has been a high growth trajectory for us in Pune in the last thre...
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