Smartworks Coworking Spaces has announced a significant expansion of its managed office portfolio by adding approximately 1,41,124 square feet of new capacity in Aerocity, Delhi NCR. The expansion is aimed at strengthening the company’s presence in one of India’s fastest-growing commercial hubs while supporting increasing demand from enterprise clients. The company expects the new capacity to become operational during August–September 2026.
Smartworks Announces New Capacity Addition in Aerocity
In a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Smartworks informed the stock exchanges that it has expanded its footprint by adding nearly 1.41 lakh sq. ft. of leased office space in Aerocity, Delhi NCR.
The company stated that the expansion aligns with its long-term strategy of strengthening its managed office platform across key business districts and catering to rising demand from large enterprises and Global Capability Centres (GCCs).
Investment of Up to ₹25 Crore Planned
According to the filing, Smartworks plans to invest up to ₹25 crore in the new facility.
The expansion will be financed through a combination of:
- Internal accruals
- IPO proceeds
- External debt
The company said the investment will help expand its operational footprint while supporting future business growth.
Existing Portfolio and Occupancy
As of June 30, 2026, Smartworks reported:
- Leased Capacity: 14.5 million sq. ft.
- Operational Capacity: 10.4 million sq. ft.
- Operational Capacity Utilisation: 81%
- Committed Occupancy: 86%
The latest addition further strengthens the company’s presence in India’s premium commercial office market and supports its expansion strategy.
Why Aerocity Matters
Delhi Aerocity has emerged as one of India’s leading commercial and business districts due to its proximity to Indira Gandhi International Airport, premium Grade-A office developments, hotels, and strong connectivity.
The new facility is expected to enhance Smartworks’ ability to serve multinational corporations, large enterprises, and global capability centres seeking premium managed office solutions in Delhi NCR.
Continued Expansion Strategy
The Aerocity expansion follows several capacity additions announced by Smartworks during FY27 as the company continues to scale its managed workspace network across India and overseas. Smartworks has been actively increasing its footprint through new centres and strategic acquisitions while maintaining high occupancy levels across mature facilities.
Key Highlights
- Location: Aerocity, Delhi NCR
- Capacity Added: ~1,41,124 sq. ft.
- Investment: Up to ₹25 crore
- Completion Timeline: August–September 2026
- Funding: Internal accruals, IPO proceeds and external debt
- Existing Leased Capacity (June 30, 2026): 14.5 million sq. ft.
- Operational Capacity: 10.4 million sq. ft.
- Operational Utilisation: 81%
- Committed Occupancy: 86%
Source: NSE Filing
