A landmark agreement has been signed that is set to reshape the landscape of Mumbai office space. Smartworks Coworking Spaces Ltd., a leading provider of managed office solutions, has secured a massive lease deal for over 8.15 lakh square feet with the Niranjan Hiranandani Group. This single transaction is one of the biggest in recent commercial real estate history, cementing the trend toward large-scale and flexible workplaces.
The sheer size of this commitment is what makes the news so significant. This new facility, located in the Hiranandani Group’s commercial development, Eastbridge, in Vikhroli (West), will become Smartworks sixth campus in the city. Crucially, the company has announced that this project is slated to be its largest managed campus globally, demonstrating the immense scale that the modern flexible workspace industry has reached in India. This move is not just about floor area, it is about establishing a new benchmark for how massive corporations approach their space needs.
The project is strategically positioned on the crucial LBS Marg and is expected to become operational in the fourth quarter of 2026.
Beyond its imposing size, the new campus is designed with a keen focus on sustainability and employee well-being. Breaking away from conventional office design, the property aims for top-tier certifications, including the WELL Certified Core standard and the IGBC Gold Green Building standard. This means the building will prioritize features that support the health of its occupants and minimize its environmental impact. Plans include eco-friendly amenities like EV charging stations, comprehensive organic waste management and rainwater harvesting systems.
For Smartworks, this deal underscores a robust growth strategy, with an existing footprint of approximately 12 million square feet across 14 cities. The company serves over 730 high-profile clients, including giants like Google and EY. The alliance with the Hiranandani Group, a major developer, signifies confidence in the long-term demand for high-quality, large-format flexible spaces. The collaboration proves that major landlords and flexible operators see value in pooling their expertise to deliver workplaces that meet global standards of design, scale and sustainability, ultimately shaping the future of Mumbai Office Space.
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Disclaimer – This article summarizes public information regarding a recent real estate transaction and is for general informational purposes only. Readers should verify all commercial details independently.
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