+
 Smartworks rents out 5.6 lakh sq ft office space at M-AGILE Pune
Real Estate

Smartworks rents out 5.6 lakh sq ft office space at M-AGILE Pune

Smartworks announced that it acquired on lease 5.6 lakh sq ft of office space at the co-working centre M-AGILE in Pune, the largest flexible office space deal in India. The firm spent nearly Rs 150 crore on this project..

The company said that the office space has over 8,500 seats. It is already booked at 40% capacity by IT-ITeS, BFSI, and manufacturing customers..

The space is likely to open in September, and JLL India expedited the deal..

The space is an exclusive corporate neighbourhood and links to places such as the Hinjewadi IT Park, Balewadi High Street, and Mumbai-Pune Expressway..

Neetish Sarda, the Smartworks founder, revealed that before this transaction, the largest deal in this area was in 2019, WebWorks’ 2.5-lakh sq ft facility in Hyderabad..

Sanjay Bajaj, JLL India MD Pune, revealed that Flex space stock has developed in Pune by more than four times from 0.7 MSF in 2017 to 3 MSF in 2021, and it has presented a huge growth opportunity.

He said that moving forward, they expect the flex market in Pune to reach nearly 5 MSF by 2022.

Smartworks has a footprint of over 4 MSF and 31 centres in Bengaluru, Hyderabad, Delhi, Noida, Gurugram, Mumbai, Pune, Chennai, and Kolkata.

Image Source


Also read: Prestige Group plans Rs 3,500 cr investment for office space in Mumbai

Also read: RBI seeks additional office space near head office in south Mumbai

Smartworks announced that it acquired on lease 5.6 lakh sq ft of office space at the co-working centre M-AGILE in Pune, the largest flexible office space deal in India. The firm spent nearly Rs 150 crore on this project.. The company said that the office space has over 8,500 seats. It is already booked at 40% capacity by IT-ITeS, BFSI, and manufacturing customers.. The space is likely to open in September, and JLL India expedited the deal.. The space is an exclusive corporate neighbourhood and links to places such as the Hinjewadi IT Park, Balewadi High Street, and Mumbai-Pune Expressway.. Neetish Sarda, the Smartworks founder, revealed that before this transaction, the largest deal in this area was in 2019, WebWorks’ 2.5-lakh sq ft facility in Hyderabad.. Sanjay Bajaj, JLL India MD Pune, revealed that Flex space stock has developed in Pune by more than four times from 0.7 MSF in 2017 to 3 MSF in 2021, and it has presented a huge growth opportunity. He said that moving forward, they expect the flex market in Pune to reach nearly 5 MSF by 2022. Smartworks has a footprint of over 4 MSF and 31 centres in Bengaluru, Hyderabad, Delhi, Noida, Gurugram, Mumbai, Pune, Chennai, and Kolkata. Image Source Also read: Prestige Group plans Rs 3,500 cr investment for office space in Mumbai Also read: RBI seeks additional office space near head office in south Mumbai

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code