Smartworks crosses 2M sq ft in Mumbai with new 182,300 sq ft lease
SMARTWORKS · price
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.1 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Smartworks has added 182,300 sq ft of managed office space at The Square in Andheri East, Mumbai, developed by Lloyds Realty. This takes its Mumbai portfolio past 2 million sq ft. The company now manages about 15.3 million sq ft across 63 centres in 15 cities in India and Singapore, serving 770 plus clients including Forbes 2000 firms. The new centre is near Mumbai airport and will offer cafes, meeting rooms and other amenities. Recent large additions include 815,000 sq ft at Vikhroli with Hiranandani and 557,000 sq ft at Navi Mumbai with Tata Realty.
Positive growth signal showing continued expansion in key Mumbai market and strong enterprise demand for managed office space.