Smartworks adds 1.41 lakh sq ft capacity in Aerocity, Delhi NCR
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Smartworks Coworking Spaces Limited is adding about 1,41,124 sq ft of new capacity in Aerocity, Delhi NCR. Current capacity stands at 14.5 million sq ft leased and 10.4 million sq ft operational, with 81% utilization and 86% committed occupancy as of June 30, 2026. The expansion will cost up to INR 25 crore, funded through internal accruals, issue proceeds, or external debt, and is expected to be completed by August or September 2026.
Capacity expansion signals growth confidence; modest capex of Rs 25 crore funded internally or via debt keeps leverage low.