MUMBAI – Smartworks, India’s largest managed office platform, has announced the leasing of 1.82 lakh square feet of premium office space in Andheri East. This strategic move officially pushes the company’s total managed footprint in Mumbai past the 2 million square foot milestone, signaling a major surge in demand for flexible, enterprise-grade workspaces in the financial capital.
A prime business hub
The newly leased space is situated within ‘The Square’, a modern commercial development by Lloyds Realty Developers Ltd. Located in the heart of Andheri East, the facility is positioned near the MIDC commercial district and offers immediate access to Chhatrapati Shivaji Maharaj International Airport (T2).
Commuter connectivity is a highlight of the new location, which sits within walking distance of the Aqua Metro Line’s T2 station and the Marol Naka station on Metro Line 1. The building itself is an IGBC Gold-certified project, featuring high-speed elevators, advanced security and energy-efficient systems.
Meeting enterprise demand
The expansion comes as more corporations move away from traditional long-term leases toward “managed” solutions. Unlike standard rentals, Smartworks takes bare-shell properties and transforms them into fully serviced campuses.
“Mumbai remains a strategic market for Smartworks, driven by sustained enterprise demand across major business districts,” said Neetish Sarda, Founder and Managing Director of Smartworks. “With our portfolio in the city now crossing 2 million square feet, we are well-positioned to cater to both current and emerging managed office requirements.”
Beyond just desks
The Andheri facility will feature the signature Smartworks ecosystem, designed to improve employee experience. Key amenities planned for the site include:
- Dining & Health: A cafeteria with executive dining and an on-site medical room.
- Lifestyle: Recreational zones for employee engagement and fitness.
- Business Tools: Tech-enabled training rooms and high-spec meeting areas.
- Convenience: A smart convenience store for daily needs.
A growing footprint
This deal follows a string of massive acquisitions by Smartworks across India. Recently, the company secured an 8.15 lakh sq ft campus in Vikhroli and a 5.57 lakh sq ft facility in Navi Mumbai. Nationally, the company’s portfolio has reached 15.3 million square feet across 15 cities, including a presence in Singapore.
Ravi Agarwal, Chairman of Lloyds Realty Developers, noted that the deal reflects a “growing preference among occupiers for high-grade, professionally managed office spaces” that offer operational depth and long-term visibility without the hassle of property management.
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Disclaimer: This article is for informational purposes only and does not constitute financial or real estate advice. All data is based on publicly available news reports at the time of writing.
Source – Hindustan Times
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