Smartworks Coworking Spaces Limited has informed the Exchange regarding a press release dated February 11, 2026, titled "Press Release Smartworks Crosses 2 Million Sq. Ft in Mumbai with 182,300 Sq. Ft. Lease at TheSquare ".
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Smartworks Coworking Spaces has crossed 2 million sq. ft. of total operational space in Mumbai, marking a key expansion milestone. This was achieved through a new 182,300 sq. ft. lease signed at TheSquare, a prominent commercial property in the city. The move reflects the company's continued aggressive growth strategy in India's coworking sector, particularly in high-demand metro markets like Mumbai. The lease size is sizeable and indicates strong demand for flexible workspace solutions from enterprises. No financial terms of the lease were disclosed in the press release.
This is a positive operational update showing Smartworks is scaling up its footprint in a key market, which could support future revenue growth. However, without lease economics or revenue impact details, investors should watch for further disclosures on occupancy and pricing.