Smartworks Coworking Spaces has announced a significant capacity expansion in Hyderabad, with an investment of approximately ₹17 crore. The company has entered into a lease deed for an additional 1,25,906 square feet, aiming to enhance its operational capacity.
According to the details provided in the regulatory filing, Smartworks currently has a leased capacity of 11.1 million square feet and an operational capacity of 9.2 million square feet, with a utilisation rate of 84% as of 31st December 2025. The proposed capacity addition is expected to be completed within April 2026.
The expansion is part of Smartworks’ strategy to support business growth and extend its operational footprint. The investment will be financed through internal accruals or issue proceeds, as stated in the filing.
This move underscores Smartworks’ commitment to strengthening its presence in key markets and catering to the increasing demand for coworking spaces.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Markets Desk before publication.